News Centre

SGX Welcomes Genting Hong Kong To Mainboard

Date 12/05/2014

Singapore Exchange (SGX) today welcomed the listing of Genting Hong Kong on its Mainboard under the stock code “S21”.           

IIF Sees Favorable Prospects For GCC Countries

Date 12/05/2014

Macroeconomic prospects remain favorable for the Gulf Cooperation Council (GCC) countries the Institute of International Finance said in its latest forecast for the region. The IIF estimates the GCC will grow at 4.2 percent in 2014.

Profits Of Listed Companies On The Palestine Exchange Grow By 9% In The First Quarter Of 2014

Date 11/05/2014

First quarter financial results showed that thirty four of forty nine listed companies achieved a net profit of 92,471,754 USD a growth of 10.60% comparing to 2013 first quarter, the twelve loosing companies managed to decrease their losses by 20% comparing to 2013 recording a total loss of 7,570,682 USD while three companies failed to disclose with in the set deadline.

The 10 Minutes Session Further Enhances Closing Price Calculation And Purges Last Trade Effect: DFM Implements Pre-Closing Session As Of 14th May 2014 - The New Facility Enables Members To Enter Limit Orders To Be Executed At The Market Closing And Is Timely Implemented With UAE Inclusion In MSCI’s Emerging Market Category

Date 11/05/2014

Dubai Financial Market (DFM) today announced that it will implement a Pre-Closing Session mechanism to determine the Closing Price of Equity and Debt Securities traded on DFM as of Wednesday, 14th May 2014. This step is part of DFM’s constant efforts to further enhance market infrastructure in line with the international best practices as most of developed exchanges implement this mechanism.

Sharjah Islamic Bank (SIB) Joins NASDAQ Dubai Murabaha Platform For Islamic Financing

Date 11/05/2014

• Islamic Economy Development Centre welcomes further step in Dubai’s expansion as global Capital of Islamic Economy
• SIB is first institution to join pioneering facility set up by NASDAQ Dubai and Emirates Islamic

The Top 13 Participants Achieve A Return Of 12.3% On Average Within 2 Weeks: Dubai Financial Market Honors The Winners Of Its Annual Stock Game

Date 11/05/2014

• Number of participants up 35% and returns exceeded the DFM General Index performance
• Participants praise the leading role of the competition in promoting the investment awareness amongst the younger generation

Qatar Exchange Closes London Leg Of Investor Forums To Coincide With Inclusion Of Qatar In MSCI Emerging Markets Index

Date 10/05/2014

Qatar Exchange (QE), in collaboration with QNB Financial Services and Bank of America Merrill Lynch, yesterday concluded a week roadshow that was held in London and New York to enhance investor relations between international investment institutions and Qatari listed companies. 

Canadian Securities Exchange Added To OTC Markets Group's List Of "Qualified Foreign Exchanges" - CSE Issuers Now Eligible To Apply For Trading On The OTCQX And OTCQB Marketplaces

Date 09/05/2014

The Canadian Securities Exchange ("CSE”) announced that the exchange has been included on the list of "Qualified Foreign Exchanges” by OTC Markets Group Inc. Starting immediately, interested CSE-listed companies are eligible to apply for trading on the OTCQX and OTCQB marketplaces operated by OTC Markets Group in the United States.  

Swiss Asset Management Firm And Related Companies Agree To Resolve Criminal Tax Investigation -The Swisspartners Group Is Paying $4.4 Million In Forfeiture And Restitution

Date 09/05/2014

James M. Cole, the Deputy Attorney General of the Department of Justice, Kathryn Keneally, the Assistant Attorney General for the Tax Division of the Department of Justice, Preet Bharara, the United States Attorney for the Southern District of New York, and Richard Weber, the Chief of the Internal Revenue Service, Criminal Investigation (IRS-CI), announced today that swisspartners Investment Network AG, a Swiss-based asset management firm, and three of its wholly-owned subsidiaries (collectively, the Swisspartners Group), entered into a non-prosecution agreement (NPA) with the U.S. Attorney’s Office for the Southern District of New York and agreed to pay $4.4 million to the United States.   The NPA was entered into based on, among other things, the Swisspartners Group’s remedial measures, voluntary self-reporting and extraordinary cooperation, including its voluntary production of approximately 110 client files for non-compliant U.S.-taxpayer clients, and provides that the Swisspartners Group will not be criminally prosecuted for assisting U.S. taxpayer-clients in opening and maintaining undeclared foreign bank accounts from in or about 2001 through in or about 2011.   The NPA requires the Swisspartners Group to forfeit $3.5 million to the United States, representing certain fees that it earned by assisting its U.S. taxpayer-clients in opening and maintaining these undeclared accounts, and to pay $900,000 in restitution to the IRS, representing the approximate amount of unpaid taxes arising from the tax evasion by the Swisspartners Group’s U.S. taxpayer-clients.  The NPA applies only to the four specific entities that are party to it and does not apply to any other subsidiaries of swisspartners Investment Network AG or any individuals.

BATS 1000 Index Down Slighlty This Week

Date 09/05/2014

BATS Global Markets, a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) was down 42.36 points, or 0.2%, this week to close at 21,185.83 as of the 4 p.m. ET market close today.