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  • Unprecedented Number Of Start-Ups Apply For DIFC FinTech Hive’s Latest Pioneering Accelerator Programme

    Date 10/08/2020

    • 620 global, regional and local applications received for the fourth cohort of the annual accelerator programme
    • Concepts and solutions presented include FinTech, InsurTech, RegTech and Islamic FinTech

  • Invesco Reduces Fee On Its Physical Gold ETC As Record Flows Take It To More Than $14 Billion Of Assets

    Date 10/08/2020

    Gold has been one of the year’s best-performing assets, with a return of 34% for the year to 5 August 2020, the day the gold price broke through the $2,000/ounce mark. Analysis by Invesco shows that gold exchange-traded products listed in Europe raised more than $10 billion of net new assets in the first seven months of 2020, including $1.4 billion in July. The Invesco Physical Gold ETC accounted for more than 50% of the flows during the latest month and is now over $14 billion of assets.

  • Shanghai International Energy Exchange Has Released Its Circular On The Delivery Issues Of SC2009

    Date 10/08/2020

    Shanghai International Energy Exchange has released its Circular on the Delivery Issues of SC2009 as follows:

    The last trading day for the crude oil futures contract SC2009 is August 31, 2020, and the delivery dates are from September 1 to September 4 and September 7, 2020. Accordingly, Shanghai International Energy Exchange (hereinafter referred to as “the Exchange”) hereby notifies issues concerning delivery as follows:

    1. In accordance with the Article 142 of the Delivery Rules of Shanghai International Energy Exchange, a natural person as a client shall close out all the positions of SC2009 before the market close on August 19, 2020.

  • Amman Stock Exchange: The Financial Results Of The Companies Listed For The First Quarters & First Half Of 2020

    Date 10/08/2020

    The Chief Executive Officer (CEO) of the Amman Stock Exchange (ASE), Mr. Mazen Wathaifi stated that the net profit after tax attributable to shareholders for the first quarter of 2020 for the listed companies which have provided the ASE with their financial reports has decreased to JD 88.6 million, compared to JD 268.5 million for the first quarter of 2019, a decrease of 67.0%. The profit before tax for these companies decreased to JD 162.4 million for the first quarter of 2020, compared to JD 386.5 million for the first quarter of 2019, a decrease of 58.0%.


  • EGX Chairman Participates In A Virtual Conference “Financial Institutions, Capital Markets & Private Sector: Rethinking A More Endogenous & Resilient Economy To Ensure African Autonomy”

    Date 10/08/2020

    Dr. Mohamed Farid Saleh, Executive Chairman of The Egyptian Exchange, participated in a virtual conference organized by the African Union Commission (AUC) and The African Securities Exchanges Association (ASEA) entitled; “Financial institutions, Capital Markets and Private Sector: Rethinking a more endogenous and resilient economy to ensure African Autonomy” with the participation of Professor Victor Harison, Commissioner for Economic Affairs (AUC), Dr. Edoh Amenounve, president of the ASEA, Dr. Tarek Amer, Governor of The Central Bank of Egypt and eminent financial leaders of the African continent.