News Centre

EGX Board Discusses Stock Market Developments And Suggestions For Recovery From Market Parties

Date 21/01/2016

• Omran: The State Orientation to offer State-owned Companies in the Market is a  Strategic step in an important Time. 
• Omran: The Decision reflects the state’ Awareness about the Capital Market importance during the Current Circumstances

Shenzhen Stock Exchange Market Bulletin 18 January, 2016, Issue 3

Date 21/01/2016

Last week, Shenzhen Component Index tumbled 8.2% to 9997.9 points. SME Index closed at 6632.1 points after losing 7.9%. ChiNext Index was down 6.1% to 2112.9 points. Total turnover for stocks and funds on SZSE was US$263.3 billion, or a 7.1% decrease from the week before.

EGX Board Members Congratulates Mr.Alaa Sabei For Ending His Membership

Date 21/01/2016

• Mr. Alaa Sabei resigned from EGX Board due to the proximity of his resignation from Beltone Financial Holding 
• Sabei thanked EGX Board, appreciating the period that he spent in the board.

IMF Executive Board Initiates Selection Process For Next Managing Director

Date 21/01/2016

The Dean of the Executive Board of the International Monetary Fund (IMF), Mr. Aleksei Mozhin, made the following statement today:

“I am very pleased to announce that the Executive Board has adopted an open, merit-based, and transparent process for the selection of the Managing Director, similar to the one used in the previous round."

SEC: Ocwen Paying Penalty For Misstated Financial Results

Date 20/01/2016

The Securities and Exchange Commission today announced that Ocwen Financial Corp. has agreed to settle charges that it misstated financial results by using a flawed, undisclosed methodology to value complex mortgage assets.

Susan Nash, Associate Director In Division Of Investment Management, To Leave SEC After 26 Years Of Service

Date 20/01/2016

The Securities and Exchange Commission today announced that Susan Nash, Associate Director in the Division of Investment Management, will leave the agency at the end of January.

CFTC Charges Oklahoma Resident Kevin J. Davis With Acting As An Unregistered Commodity Pool Operator And Engaging In Prohibited Pool Operator Activities

Date 20/01/2016

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on January 15, 2016, it filed a civil enforcement action in the U.S. District Court for the Western District of Oklahoma charging Kevin J. Davis of Ponca City, Oklahoma with acting as an unregistered commodity pool operator, failing to operate his commodity pool as a separate legal entity, accepting funds from pool participants in his own name, and commingling pool participants’ funds with his own. On the same date, Judge Vicki Miles-LaGrange entered a Temporary Restraining Order prohibiting Davis from acting in any capacity requiring registration with the CFTC, soliciting and accepting funds from others for trading commodity interests, and freezing Davis’ assets pending further order of the court.

World Economic Forum: Lifting Of Sanctions Offers Iran Potential For Growth Surge And Increased Investment

Date 20/01/2016

• With the lifting of sanctions on Iran under the nuclear deal agreed last year, the Iranian economy could grow by above 5% in 2016 and has the potential to average 8% over the next five years
• According to Iran’s foreign minister, the nuclear deal shows that diplomacy works and differences in the region can be settled peacefully, allowing Tehran and its neighbours to address the common challenge of extremism
• For more information about the Annual Meeting 2016, please visit www.weforum.org

CME Group Announces Record Eurodollar Options Volume

Date 20/01/2016

CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached a trading volume record for Eurodollar options yesterday, January 19, of 4,279,584 contracts, surpassing the previous record of 3,493,675 set on June 24, 2013. Open interest in Eurodollar options also increased by 1.6 million to 30.76 million, up from 26.05 million at 2015 year end.

Thomson Reuters Partners With Startupbootcamp FinTech Singapore - Partnership To Bring Thomson Reuters Technology, Market Data Access And Mentoring To FinTech Startups Undergoing Startupbootcamp’s Accelerator Program In Singapore

Date 20/01/2016

Thomson Reuters announced today it has partnered with Startupbootcamp FinTech to bring technology and market data access to startups undergoing the Singapore accelerator program.