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  • UAE's Financial Markets To Close For Eid Al-Adha Holidays Next Wednesday - Trading Resumes Sunday, September 27

    Date 21/09/2015

    Pursuant to the Federal Authority for Human Resources (FAHR) Circular No. (38) of 2015 concerning Arafat Day and Eid Al-Adha holidays, and after coordination and consultation with local financial markets and the Dubai Gold and Commodities Exchange (DGCX), the Securities and Commodities Authority (SCA) announced that financial markets are to close for Eid Al-Adha holidays on Wednesday, September 23 (Dhu-al Hijjah 09) and open on Sunday, September 27. The DGCX, however, is to decide when it closes and opens according to public interest requirements.

  • DME Launches “DME Auctions” To Enhance Spot Commodities Trading

    Date 21/09/2015

    The Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, today announced the launch of “DME Auctions” - a new platform that will provide a transparent spot commodity auction system for the first time in the Middle East.

  • Eid Al Al-Ad Ha Holiday For Qatar Exchange

    Date 21/09/2015

    Eid Al-Ad Ha Holiday will be starting from Wednesday, 23 September 2015 up to Monday, 28 September 2015.

  • SEC Charges Investment Adviser With Improperly Using Mutual Fund Assets To Pay Distribution Fees - First Case Brought Under Distribution-in-Guise Initiative

    Date 21/09/2015

    The Securities and Exchange Commission today charged a New York-based investment adviser and its affiliated distributor with improperly using mutual fund assets to pay for the marketing and distribution of fund shares.  First Eagle Investment Management and FEF Distributors agreed to pay nearly $40 million to settle the SEC’s charges, the first brought under a recent SEC initiative to protect mutual fund shareholders.  The money will be returned to the accounts of affected shareholders.

  • PEGAS: Successful Launch Of Physical Futures Contracts For PSV Market Area - Total Of 783 360 MWh Traded On First Day Of Trading

    Date 21/09/2015

    PEGAS, the pan-European gas trading platform operated by Powernext, launched new physical natural gas Futures contracts on the Italian Punto di Scambio Virtuale (PSV) on Friday 18 September 2015 to complete its existing PSV Financial Futures offer. These contracts have been designed under the new regulatory framework developed by the Italian Regulator AEEGSI and in close collaboration with Gestore dei Mercati Energetici – GME and Snam Rete Gas, the Italian Transmission System Operator. Clearing is performed by ECC, the central clearing house for energy and related products in Europe.