News Centre

HKEX Announces Securities For Second Phase Of Its Closing Auction

Date 17/07/2017

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the list of securities for Phase 2 of the Closing Auction Session (CAS) it will roll out in its securities market on Monday, 24 July 2017.

CISI Partners With Kuwait’s Leading University To Expand Financial Syllabus - Strategic Agreement Gives GUST Students The Ability To Acquire Professional Qualification For Future Financial Careers

Date 17/07/2017

The Chartered Institute for Securities & Investment (CISI), the professional body that sets global standards for the financial planning, wealth management and capital markets professions has partnered with the Gulf Financial Center (GFC) of the Gulf University for Science and Technology (GUST) to embed CISI certifications into finance degrees. This provides students with access to professional qualifications, which were previously unavailable to them.

Al Mawared Brokerage Amman Stock Exchange Weekly Report, 17 July 2017

Date 17/07/2017

Market News

• Foreign currency deposits at Jordanian banks increased by 4.5% during the first five months of this year compared to the same period last year, while total deposits decreased by 1.5%. Foreign currency deposits stood at JD 7.219 billion, increasing from JD 6.93 billion (a net positive of JD 287.6 million). Foreign currency deposits at Jordanian banks account for 22.2% of total deposits at end of May 2017, compared to 21% for the same period last year. (Al Ghad)
• Loans granted by Jordanian banks increased by JD 863 million during the first five months of this year compared to the same period last year to reach JD 23.768 billion; an increase of 3.7%. (Al Ghad)
• Jordan welcomed an agreement between the Palestinian Authority and Israel regarding the Red Sea – Dead Sea canal, a World Bank-sponsored project that aims to build a 200 km pipeline from the Red Sea to the Dead Sea with desalination and power generation plants along the way. (Jordan Times)
• Central Bank of Jordan reports that remittances sent to Jordan by Jordanians working abroad during the first five months of this year amounted to JD 1.05 billion, a JD 17 million increase over the same period last year. (Jordan Times)
• Tourism receipts increased by 14.5% to $ 2.1 billion during the first half of this year, compared to the same period last year. The number of tourists by 9.9%. (Al Ghad)
• ASE stated that shares of listed companies that miss the deadline for disclosure of financial results for H1 2017 will be suspended from trading until such disclosure requirement is met.

FSB Welcomes New Insurance Accounting Standard

Date 17/07/2017

On 18 May, the International Accounting Standards Board (IASB) issued International Financial Reporting Standards (IFRS) 17, setting out a single, consistent approach to the accounting for insurance contracts. The Financial Stability Board (FSB) welcomes the final publication of this standard, which was identified as a high priority at the FSB Plenary meeting of 25 September 2015.

Monthly Report: Clearstream Readies For CSD-Regulation

Date 17/07/2017

• CSDR to further harmonise European settlement sector and strengthen asset safety
• CSD applications due end September 2017
• Asset safety a key concern for Clearstream

The Unstoppable Rise Of Alternatives - Total Global Alternative Assets Under Management Swells To Almost $6.5 Trillion

Date 17/07/2017

The world’s largest 100 alternative asset managers saw assets under management increase by 10% in 2016, rising to $4.0 trillion, according to the 2017 edition of Willis Towers Watson’s Global Alternatives Survey. The survey, which captures long-term institutional investment trends by seven main investor groups across ten alternative asset classes, showed that of the top 100 alternative investment managers, real estate managers have the largest share of assets (35% and over $1.4 trillion), followed by private equity fund managers (18% and $695bn), hedge funds (17% and $675bn), private equity funds of funds (PEFoFs) (12% and $492bn), illiquid credit (9% and 360bn), funds of hedge funds (FoHFs) (6% and $228bn), infrastructure (4% and 161bn) and commodities (1%).

The Nigerian Stock Exchange Goes Live With Nasdaq SMARTS Market Surveillance Technology

Date 17/07/2017

Nasdaq (Nasdaq:NDAQ) and The Nigerian Stock Exchange (NSE) have officially announced that NSE, the stock exchange of the largest economy in Africa, has launched a new market surveillance platform powered by SMARTS, Nasdaq's flagship surveillance solution.

UK's Financial Conduct Authority Sets Out Scope Of Investment Platforms Market Study

Date 17/07/2017

The Financial Conduct Authority (FCA) has today published the Terms of Reference for the Investment Platforms Market Study, which sets out the scope and topics that will be covered.

ASIC Consults On Proposed Financial Benchmark Regulatory Regime

Date 17/07/2017

ASIC is seeking feedback on proposed ASIC rules for the administration of licensed financial benchmarks and regulatory guidance on how we would administer the proposed financial benchmark regulatory regime. 

The Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market Ownership And Trading Activity Report By Nationality And Investor Type

Date 16/07/2017

The total value of shares traded for the week  ending 13 July 2017 amounted to SAR 14.87 billion, decreasing by 3.59% over the previous week; while total stock market capitalization reached SAR 1,731.11 billion at the end of this period, increasing by 1.34% over the previous week.