News Centre

Unleashing Growth: DIFC Emerges As Premier Global Hub For Family Businesses

Date 29/04/2024

• Dubai ranked 1st in MEASA region and among the world’s top 22 cities in terms of wealthiest population centres in 2023 with over 68,500 HNWIs.
• His Excellency Abdulla bin Touq Al Marri, Cabinet Member and UAE Minister of Economy, DIFC leadership and leading family businesses convene to mark DIFC Family Wealth Centre 1-year anniversary. 
• More than 440 registered foundations and over 600 active entities affiliated with top family businesses and individuals in DIFC as of 2023.
• Home to more than 120 of the world’s wealthiest families and individuals, with a total net worth exceeding USD 1trn.
• Updated DIFC Family Arrangements Regulations provide greater privacy through a Private Registry option.

H.E. Sheikh Mohammed bin Hamad bin Qassim Al Thani, Minister Of Commerce And Industry And Chairman Of The Qatar Stock Exchange, Inaugurates The AFCM Annual Conference

Date 29/04/2024

The Arab Federation of Capital Markets (AFCM) today commenced its annual conference under the esteemed patronage of H.E. Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs of Qatar. The inauguration ceremony was graced by the presence of H.E. Sheikh Mohammed bin Hamad bin Qassim Al Thani, Minister of Commerce and Industry and Chairman of the Qatar Stock Exchange (QSE), who officially opened the event.

Securities Commission Malaysia Partners IsDB To Advance Islamic Capital Market, Social Finance

Date 29/04/2024

The Securities Commission Malaysia (SC) today signed a Memorandum of Understanding (MOU) with the Islamic Development Bank (IsDB) Group, paving the way for greater cooperation in Islamic capital market (ICM) and broadening the reach of Islamic fintech and social finance, particularly waqf.  

NMB Bank Brings East Africa’s First Sustainability Bond To LuxSE

Date 29/04/2024

Just over a year after listing the first Sub-Saharan Africa gender bond on the Luxembourg Stock Exchange, Tanzania-based NMB Bank returns to the exchange with East Africa’s first sustainability bond.

Closure Of Bursa Malaysia In Conjunction With Labour Day

Date 29/04/2024

Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) and its subsidiaries will be closed on Wednesday, 1 May 2024, in conjunction with the Labour Day public holiday.

HKEX Stock Exchange Participants' Market Share Report

Date 29/04/2024

The market share and turnover data shown in the report includes all Exchange Participants which had transactions during the period reported but excludes Southbound trading of Special Participants via Stock Connect.

Bursa Malaysia Celebrates Achievements In The Capital Market At The Bursa Excellence Awards 2023

Date 29/04/2024

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) recently hosted the Bursa Excellence Awards 2023 at The St. Regis, Kuala Lumpur, with luminaries of Malaysia’s capital market and broking community. In this 11th edition, the awards event combined the prestigious Bursa Excellence Awards with the Retail Investor Campaign and the Mirror, Learn & Trade (“MLT”) Analyst Awards, for a comprehensive recognition of outstanding performance across the Malaysian capital market.

ASIC Releases Summary Document For Identifying And Supporting First Nations Consumers Experiencing Financial Abuse

Date 29/04/2024

KEY POINTS

• ASIC has published a summary document on identifying and supporting First Nations consumers experiencing financial abuse following a March 2024 workshop.
• The workshop showcased real life consumer experiences and highlighted best practices that could be broadly adopted across the financial services industry.
• Access the summary document from ASIC’s virtual workshop on identifying and supporting First Nations consumers experiencing financial abuse.

DIFC Delivers Record 23 Per Cent YoY Growth In Underwriting Volumes Reaching An Annual USD 2.6bn In Gross Written Premiums

Date 28/04/2024

• DIFC records highest gross written premiums in its 20-year history at close to USD 2.6bn in 2023, up 23 per cent from USD 2.1bn in 2022.
• Premium brokered in DIFC crossed USD 2bn in 2023, up 61 per cent from USD 1.2bn in 2022.
• 20-year record high consolidates DIFC’s position as principal global insurance and reinsurance hub.
• Centre marks 20 per cent year-on-year registration growth in insurance and reinsurance firms establishing in DIFC. 
• Demand drives significant Managing General Agent (MGA) and reinsurance broking growth.
• DIFC to co-host the Dubai World Insurance Congress (DWIC) on 29-30 April at Atlantis, The Palm.

Cancelled — CFTC Open Meeting For April 29

Date 27/04/2024

The Commodity Futures Trading Commission Open Meeting scheduled for Monday, April 29, 2024 has been cancelled. The matters under consideration are being resolved through the Commission’s seriatim process.