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  • DIFC Announces Consultation Of Updated Prescribed Company Regulations

    Date 09/05/2024

    Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, proposes to enact amendments to the Prescribed Company Regulations. The proposed regulations seek to significantly expand and simplify the current Prescribed Company (“PC”) regime in the DIFC. 

  • SET Market Report For April 2024

    Date 09/05/2024

    Investor concerns over escalating geopolitical conflicts in the Middle East sent oil and gold prices soaring in April 2024 as inflation may fall slower than expected. US Treasury yields, which have an invert relationship with price, increased, diverging from the US stock indices. The Federal Reserve (Fed) kept the policy rate on hold as expected at the latest meeting as Fed Chair Jerome Powell warned that the rate will remain higher for longer. He also signaled that future interest rate hikes are unlikely. In response to the development, investors have scaled back expectations of Fed’s rate cuts to only one or two times this year.

  • Thredd Expands Global Product And Technology Team With Four Senior Appointments

    Date 09/05/2024

    • Thredd has announced its next phase of growth, supporting future product development and next-gen digital banking and payments capabilities
    • The newly formed team brings with them a wealth of experience from payments and technology organisations

  • Spinneys Debuts On Dubai Financial Market After Successful IPO

    Date 09/05/2024

    • IPO oversubscribed by 64 times in aggregate, the highest oversubscription level achieved by a non-government-related IPO on DFM in recent years.
    • Pricing at the top of its range, the Spinneys IPO raised gross proceeds of AED 1.38 billion (USD 375 million) implying a market capitalization at listing of AED 5.51 billion (USD 1.50 billion).
    • In pursuit of continued growth, 2024 will see Spinneys open its first stores in Saudi Arabia, continue to expand its store network in the UAE, and launch new formats including “The Kitchen, by Spinneys” dining concept and hyperlocal ecommerce offering “Spinneys Swift”.

  • CUBE Acquires Reg-Room To Further Extend Its Regulatory Intelligence And Horizon Scanning Capabilities

    Date 09/05/2024

    CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of Reg-Room, LLC ("Reg-Room"), a leading regulatory intelligence provider serving the financial services industry.