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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
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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.
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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.
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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%.
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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.
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Qatar Stock Exchange: Trades Correction Mechanism Implementation
Date 10/08/2020
In light of the QSE’s endeavor to adopt best international practices and enhance the efficiency of Qatar’s securities market, QSE is pleased to announce the implementation of the correcting error trades executed under NINs, effective Monday 10 August 2020.
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Saudi Stock Exchange (Tadawul) Announces The Joining Of Derivatives Exchange Members To Tadawul For New Market Launch
Date 10/08/2020
The Saudi Stock Exchange (Tadawul) announces that the first group of Derivatives Exchange Members have completed all regulatory and technical requirements to become members of Tadawul’s Derivatives market. The pioneer members listed below have the right to conduct brokerage services for Derivatives trading and deal as a principal and as an agent in Saudi Stock Exchange:
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Financial Statements Of The First And Second Quarters Of 2020 For Companies Listed On The Amman Stock Exchange
Date 10/08/2020
Mr. Mazen Wathaifi the Chief Executive Officer of Amman Stock Exchange (ASE) said that 95% out of 181 listed companies have provided the ASE with their reviewed quarterly reports for the periods ended March 31st, 2020 and June 30th 2020, within the specified period ends on August 6th 2020, by virtue of the decision of the Board of Commissioners of Jordan Securities Commission (JSC) dated 6/7/2020 to extend the date of reports submission. This high percentage reflects the compliance of listed companies with the laws and regulations, and the commitment of such companies to the principles of transparency and disclosure.
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Singapore Neo & Partners Global Wins Best Electronic Trading Business Ecosystem 2020 At The APAC Insider South East Asia Business Awards 2020
Date 10/08/2020
Neo & Partners Global, a finance & technology group serving the capital markets sector buy-side community of commodity trading advisors, family offices, fund management companies and proprietary trading firms, announced today that its Trading-Atrium, has won Best Electronic Trading Business Ecosystem 2020 at the coveted APAC Insider 2020 South East Asia Business Awards alongside past Singapore-based luminaries as ARA Asset Management, Crossinvest, PSB Academy, SHATEC, Y3 Technologies and more in the other category of Singapore Business Awards. The APAC Insider South East Asia Business Awards recognize excellence in business performance, longevity, diversification, growth (either sustained or rapid), significant innovations and feedback from stakeholders, announced on August 7, 2020.
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Statement By IMF Managing Director Kristalina Georgieva On The International Conference On Support To Beirut And The Lebanese People
Date 09/08/2020
Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), made the following statement today at the end of the high-level “International Conference on Support to Beirut and the Lebanese People” after the August 4 explosion:
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