News Centre

Dubai Financial Services Authority Fines KPMG LLP Usd 1.5 Million And Former KPMG LLP Audit Partner USD 500,000 For Abraaj Capital Limited Audit Failings

Date 03/11/2022

• The failings relate to KPMG LLP’s audit of Abraaj Capital Limited (ACLD)
• This is the largest fine ever imposed on an Auditor by the DFSA

Agreena Goes ‘First-Ever’ On Blockchain: Tokenized Carbon Crediting Attached To Real Currency

Date 03/11/2022

Carbon farming scaleup Agreena announces its latest endeavor to enable a regenerative revolution in agriculture. The company is launching the world’s first product that can tokenize carbon certificates and move Euros on blockchain in collaboration with the European payments institution Ztlment.

Saudi Arabia Capital Market Authority: More Than SAR 100 Billion In Capital Increases For 116 Listed Companies In About 5 Years

Date 03/11/2022

The Capital Market Authority ("CMA") approved, from January, 2018 to the end of the first half (H1) of 2022, about 116 requests to increase listed companies' capital. The size of the capital increase surged by more than SAR 100 billion. This highlights the role that the CMA plays in the funding of listed companies and the economy at large.

Finnish Retail Bank S-Bank Chooses Worldline As Solution For Real-Time Fraud Detection And Prevention

Date 03/11/2022

Worldline [Euronext: WLN], a global leader in payment services, has integrated its Fraud Management Suite into the issuing platform of Finnish bank S-Bank. Supported by Worldline technology, S-Bank will deploy extensive real-time fraud detection for debit and credit cards whilst increasing the efficiency of its card fraud and risk management.

Non-Jordanian Ownership In Companies Listed On The Amman Stock Exchange Reached 48.3%, Of Which 37.5% For Institutional Investors

Date 03/11/2022

Amman Stock Exchange (ASE) revealed that the value of shares bought by non-Jordanian investors at the ASE in October 2022 was JD20.8 million, representing 16.3% of the overall trading value, while the value of shares sold by them amounted to JD9.2 million. As a result, the net of non-Jordanian investments in October 2022 showed a positive value of JD11.6 million, whereas the net of non-Jordanian investments showed a negative value of JD2 million during the same month of 2021. 

Moscow Exchange Announces Results For Q3 2022

Date 03/11/2022

HIGHLIGHTS FOR Q3 2022

• Fee and commission (F&C) income decreased by 14.3% to RUB 8,927.9 mln.
• During the quarter, MOEX experienced a decline in trading volumes that translated into F&C income reduction. The decline was mainly due to the contraction of non-resident trading and lower RUB asset price levels.
• EBITDA rose by 27.5% to RUB 11,906.1 mln. Net profit added 29.3% to RUB 8,714.8 mln.

Circular On Self-Regulatory Measures Taken By CFFEX In October 2022

Date 03/11/2022

To prevent market risks, maintain the orderly operation of the market and protect investors' legitimate rights and interests, China Financial Futures Exchange (CFFEX) took the following self-regulatory measures against violations of exchange rules in October 2022.

Monetary Authority Of Singapore Launches Expanded Initiative To Advance Cross-Border Connectivity In Wholesale CBDCs

Date 03/11/2022

The Monetary Authority of Singapore (MAS) today launched Ubin+, an expanded collaboration with international partners on cross-border foreign exchange (FX) settlement using wholesale central bank digital currency (CBDC). 

ASIC Announces Enforcement Priorities For 2023

Date 03/11/2022

ASIC has announced its Enforcement Priorities for 2023, which will include enforcement action on greenwashing and predatory lending, as well as a continuing focus on disrupting investment scams.

DIFC Enacts Amendments To The Real Property Law And Prescribed Company Regulations

Date 03/11/2022

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has enacted amendments to the Real Property Law, DIFC Law No. 10 of 2018 (“Real Property Law”) and DIFC Prescribed Company Regulations, further enhancing the legislative framework within DIFC and providing new structuring options for businesses operating in or from the Centre.