News Centre

EGX Chairman Participates In The Egyptian Private Equity Association Conference

Date 19/09/2019

Mohamed Farid Saleh, EGX Chairman and H.E. Dr. Sahar Nasr, Minister of Investment & International Cooperation participated in the Egyptian Private Equity Association (EPEA) conference in the presence of Mr. Abdullah Al-Abiari, Chairman of EPEA.  
 

BME: MARF Registers A New Bond Issue By UCI

Date 19/09/2019

MARF, BME’s Fixed Income market, today registered a new 82 million-euro Contingent Convertible Bond (COCO) issue by UCI, the holding company of the UCI Group and a 50%-50% joint-venture by Banco Santander and BNP Paribas. The objective of this bond issue – which has been privately placed among the financial institution’s shareholders - is to strengthen the Group’s equity, anticipate the future regulatory capital requirements for specialized credit institutions (EFCs) and to diversify its financing sources.

Moscow Exchange: Final Settlement Prices For MOEX's September Precious Metals Futures

Date 19/09/2019

On 19 September 2019, the final settlement prices for the MOEX’s June futures contracts on precious metals were determined as follows:

DIFC Soars To Number Eight Amongst Global Financial Powerhouse

Date 19/09/2019

• Maktoum bin Mohammed: Dubai’s steady ascent in rankings driven by DIFC’s remarkable success in building an ecosystem that fosters financial industry growth
• Dubai recognised as a top ten financial centre in Global Financial Centres Index for its role in contributing to the development of the regional economy and identifying new pathways to boost the financial technology sector
• Latest testament to the Centre’s dynamic and robust ecosystem which continues to disrupt the financial innovation sector and deliver exponential growth

Moscow Exchange: Revised Maximum Quantity Of Securities Eligible As Collateral On Derivatives Market

Date 19/09/2019

CCP NCC changes maximum quantity of securities eligible as collateral on Derivatives Market starting from 7:00 p.m. on September 26, 2019:

Ravi Menon Appointed Chair Of The Bank for International Settlements (BIS) Asian Consultative Council

Date 19/09/2019

The Board of Directors of the Bank for International Settlements (BIS) has appointed Ravi Menon as Chair of the BIS Asian Consultative Council (ACC) from 26 September 2019. Mr Menon is Managing Director of the Monetary Authority of Singapore. The term of appointment for the ACC Chairman is two years. 

UK Financial Conduct Authority: Update To June 2019 Joint Statement On Opportunistic Strategies In The Credit Derivatives Market

Date 19/09/2019

On 24 June 2019, the Chairmen of the US Securities and Exchange Commission and the US Commodity Futures Trading Commission, along with the Chief Executive of the FCA, released a joint statement on opportunistic strategies in the credit derivatives markets. The joint statement outlined mutual concerns about the pursuit of these strategies and the adverse impact they may have on the integrity, confidence and reputation of the credit derivatives markets, as well as markets more generally. 

Bank Of England: Bank Rate Maintained At 0.75% - September 2019

Date 19/09/2019

The Bank of England Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%. The committee also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases.

CESC Index Report For August 2019

Date 19/09/2019

Highlights

• CES Innovative Pharmaceuticals Index (CESIBT) up 9.2 per cent following the inclusion of innovative drugs in the Drug Catalog for Medical Insurance 
• Thanks to increasing demands for Mainland manufactured chips and semiconductor parts, relevant companies showed outstanding performance. CES China Semiconductor Index (CESCSC) soared 7.7 per cent 
• Net capital inflow to the Mainland China reached RMB13.2 billion in August. CES Foreign A-Shares Choice Index (CESFAC) edged up 2.6 per cent 
• Announcement by the MSCI to raise the inclusion factor of A shares in its indexes from 10 per cent to 15 per cent 
• Record low RMB exchange rate in 11.5 years as a result of Sino-US trade tension 
• Further recognition of Shenzhen as a Pioneering Demonstration Zone fosters financial cooperation between Shenzhen and Hong Kong

GMEX Fusion Digital Capital Markets Technology Suite To Power Live Transactions For DAG Global Across Two Leading Cryptocurrency Exchanges

Date 19/09/2019

GMEX Technologies Ltd., a wholly owned subsidiary of GMEX Group providing multi-asset post-trade business and technology solutions, today announced the latest release of its GMEX Fusion Digital Capital Markets technology suite (GMEX Fusion), built on IBM (NYSE: IBM) Blockchain Platform, this technical advancement empowers institutional investors with a hybrid solution supporting multiple digital assets, including cryptocurrencies, security tokens, and more.