News Centre

DFM Company Posts Net Profit Of AED 200 Million During The First Half Of 2015

Date 27/07/2015

His Excellency Essa Kazim:

• The improvement of trading activity overcoming the sharp decline of the first quarter reflects the market’s high level of resiliency and ability to maintain its attractiveness for investors
• The listing of Damac Properties and the resumption of trading on Amlak Finance further support our effort to diversify listed securities and achieve the best possible representation of Dubai’s economy
• The introduction of the enhanced Pre-closing session and Trading At Last session in line with international practices and to cope with the inclusion of the UAE to the MSCI’s Emerging Market category
• The launch of a comprehensive eService gateway enables investors to efficiently accomplish 15 eservice as part of our commitment to provide investors with smart services in line with the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum
• The outstanding success of International Investor Roadshow in London through the participation of international institutions with US$ 3 Trillion assets under management globally, clearly indicates the increased significance of DFM opportunities

CISI: Over 70% Of Financial Professionals Believe Responsibility Lies With Individuals Not Firms To Restore The Public’s Trust In Financial Services

Date 27/07/2015

The majority of financial services professionals believe individuals, not institutions, should be responsible for restoring public trust in financial services, according to a recent survey* from the Chartered Institute for Securities & Investment (CISI)

Tony Dalton Joins R.J. O’Brien As Head Of FX Division

Date 27/07/2015

Chicago-based R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United States, announced that Tony Dalton has joined the firm today in its New York office as Head of the FX Division.  Dalton is widely considered one of the pioneers of foreign exchange (FX) prime brokerage, after building that business for three major global banks.

‘China-Proof’ Investment Portfolios, Urges deVere CEO

Date 27/07/2015

Investors should ‘China-proof’ their portfolios, affirms the chief executive of one of the world’s largest independent financial advisory firms.

Nikko Asset Management Strengthens U.S. Operation By Appointing New Leadership

Date 27/07/2015

As investors in the Americas look to capitalize on investment opportunities around the globe, Nikko Asset Management is bolstering its business development capability in the United States. The Tokyo-based firm has promoted Fred DeSerio to serve as senior managing director, head of sales and co-head of the business for the Americas.

KRX: Market Capitalization Of The KONEX Remarked KRW 4.089 Trillion

Date 27/07/2015

BME: INCLAM To Start Trading On MAB On Wednesday, 29 July - A Consultancy And Engineering Company That Specialises In Hydrology And Hydraulics

Date 27/07/2015

The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report onINCLAM, stating that the company is eligible for admission to the market’s Growth Companies segment, following a review of all the information presented by the company.

Disrupted Currencies, Will Greece Be The First Country To Formally Adopt An Electronic Currency?

Date 27/07/2015

Michael Baxter co-author of iDisrupted shares his view on the Greek crisis. 

The Greek crisis is not going away in a hurry. Even if the various parliaments and lawmakers across the Eurozone ratify the latest agreement between the Euro Group and Greece, it will be some time – maybe a few weeks, maybe a month, maybe longer – before Greek banks return to normal and capital controls are completed lifted. 

UK's Financial Conduct Authority: Payday Lender Cash Genie To Provide £20 Million Redress To Over 92,000 Customers

Date 27/07/2015

Ariste Holding Limited, trading as Cash Genie, has entered an agreement with the Financial Conduct Authority (FCA) to provide over £20 million of redress to more than 92,000 customers for unfair practices.

Major Swedish Bank Selects AxiomSL For Head-Office And Multijurisdictional Branch Reporting In Europe

Date 27/07/2015

AxiomSL, a global provider of regulatory reporting and risk management solutions, announced today that a large Swedish bank has chosen to use AxiomSL’s platform to centralize its head-office regulatory calculations and reporting, and its branch-level reporting in Germany, Norway, Finland, Poland, Denmark, Austria and the United Kingdom (UK). The requirements covered by the agreement include statistical reporting and the Capital Requirements Directive IV (CRD IV).