News Centre

Dubai Financial Services Authority Decisions To Impose Sanctions On Former Abraaj Auditor, KPMG LLP, And Audit Principal Referred To Financial Markets Tribunal

Date 03/10/2022

The Dubai Financial Services Authority (DFSA) has today published its decisions concerning action against DFSA Registered Auditor, KPMG LLP and a former Audit Principal, Mr Milind Navalkar, for failings in respect of the audit of the Abraaj Group entity, Abraaj Capital Limited (ACLD).

The Spanish Stock Market Trades 24.2 Billion Euros In September

Date 03/10/2022

• The volume traded in Equities so far this year is 4.6% higher year on year
• Fixed-income trading in September amounted to 10 billion euros, up 52,4% from the preceding month
• Trading in Futures contracts on the IBEX 35 ® index increased by 6.2% in the first nine months of the year

EDHECinfra Expresses Strong Support To Four Environmental Groups Who Launched Legal Action Against The Inclusion Of Gas In The EU Taxonomy - Gas Is In The Black, Not Green

Date 03/10/2022

In an open letter to Environmental law charity ClientEarth, the European Policy Office of the WWF, NGO Transport & Environment (T&E), and the German Federation for the Environment and Nature Conservation (BUND), Noël Amenc, associate professor at EDHEC Business School, director at Scientific Infra and Frédéric Blanc-Brude, director of the EDHEC Infrastructure Institute, express their strong support for their initiative, following their announcement on September 19, 2022, that they were taking legal action against the European executive to prevent fossil gas from featuring in the European Union's sustainable finance Taxonomy.

Corporate Actions Revolutionised By Exchange Data International

Date 03/10/2022

Challenger data provider, Exchange Data International (EDI) has announced a new product offering that promises to change how the front- and middle-office at buy-side companies interacts with corporate actions data. For the first time, Readable Corporate Action Notices (RCAN) will enable personnel to read corporate action notices in the same way as they read the news. RCAN covers 45 corporate events, including dividends, mergers and acquisitions, new listings (IPOs), and stock splits, as well as aggregating corporate actions from over 150 exchanges globally.

The Spanish Stock Exchange Opens The Trading Session Ringing The Bell For Financial Literacy

Date 03/10/2022

• The Governor of the Bank of Spain, Pablo Hernández de Cos, led the event, which is part of the Ring the Bell For Financial Literacy initiative.
• BME's training centre, Instituto BME, celebrates Financial Literacy Day with a series of webinars

UAE Securities And Commodities Authority (SCA) Organizes The Activities Of The World Investor Week 202O

Date 03/10/2022

In cooperation with the two financial markets and Dubai Financial Services Authority Holding seminars and workshops on the topics of sustainable financing, investor flexibility, the Authority’s role in preserving investor rights, and its role in protecting his investments

Market Participants Are Invited To Counsel On The New Index Methodology During The Consultation Period: Dubai Financial Market Plans To Adopt A New Index Methodology During The Fourth Quarter Of 2022

Date 03/10/2022

• New DFM’s index to be calculated by S&P Dow Jones Indices 
• Planned enhancements include capping the threshold of individual constituents’ weight at 10%, quarterly rebalancing, calculation of the index based on actual free float adjusted market capitalization and sector alignment with Global Industry Classification Standard
• Hamed Ali: "The new methodology enhances the transparency of price reference that supports investment activities on DFM”

DGCX Launches New Physical Gold Futures And Spot Gold Contracts - Traders, Brokers, Banks And Financial Institutions Across The Middle East And India Set To Benefit From Access To Liquidity Sources Through The DGCX Trading Platform

Date 03/10/2022

Dubai Gold and Commodities Exchange (DGCX) has announced the launch of new Physical Gold Futures and Spot Gold Contracts as it continues its strategic goal of becoming the de facto gold pricing standard in the region.

Non-Jordanian Ownership In Companies Listed On The Amman Stock Exchange Reached 47.8%, Of Which 37.1% For Institutional Investors

Date 03/10/2022

Amman Stock Exchange (ASE) revealed that the value of shares bought by non-Jordanian investors at the ASE in September 2022 was JD7.3 million, representing 5.6% of the overall trading value, while the value of shares sold by them amounted to JD9.4 million. As a result, the net of non-Jordanian investments in September 2022 showed a negative value of JD2.1 million, whereas the net of non-Jordanian investments showed a negative value of JD3.6 million during the same month of 2021. 

Banque Internationale de Commerce - BRED (Suisse) SA, Establishes Middle East Presence In DIFC

Date 03/10/2022

Banque Internationale de Commerce - BRED (Suisse) SA (BIC-BRED (Suisse) SA) has selected Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, for its flagship regional office.