News Centre

Dubai Financial Market: Trading Of Dar Al Takaful Rights Issue Between 25 April And 8 May 2017

Date 24/04/2017

Dubai Financial Market (DFM) today announced that the rights issue of Dar Al Takaful is due to be tradable on the exchange from Tuesday, 25 April until 8 May 2017. Trading of the rights issue enables existing shareholders of the company who do not wish to subscribe to the new shares, which the company plans to issue as part of its capital increase, to sell all or part of their rights to other investors who do wish to subscribe. The rights issue is a financial instrument representing the rights that are legally granted to the company's shareholders to have priority in subscribing for the company's capital increase shares that will be issued.

NZX Employee Share Plan – Team And Results

Date 24/04/2017

NZX Limited (NZX) advises that it has issued 959,277 NZX employee redeemable shares (Restricted Shares) pursuant to the terms of the NZX Employee Share Plan – Team and Results (the Plan).

Commercial Affairs Department And Monetary Authority Of Singapore Partner Industry Stakeholders To Fight Financial Crimes

Date 24/04/2017

The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force today announced the launch of a government-industry partnership to strengthen Singapore’s capabilities in the fight against money laundering and terrorism financing (ML/TF).

The Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market Ownership And Trading Activity Report (By Nationality And Investor Type)

Date 23/04/2017

The total value of shares traded for the week  ending 20 April 2017 amounted to SAR 15.37 billion, increasing by 1.79% over the previous week; while total stock market capitalization reached SAR 1,620.88 billion at the end of this period, decreasing by 2.49% over the previous week.

Ibdar Bank Appoints Sejiny As CEO

Date 23/04/2017

Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has announced the appointment of Ayman Sejiny as Chief Executive Officer (CEO) of the bank following Board of Directors approval.

EBRD Signs Accreditation Agreement With Green Climate Fund

Date 23/04/2017

The European Bank for Reconstruction and Development (EBRD) and Green Climate Fund (GCF) sealed an accord on Saturday that underscores the EBRD’s position as the largest single recipient of GCF resources and paves the way for more joint projects aimed at combating climate change in the Bank’s regions.

Saudi Stock Exchange “Tadawul”: Amended Settlement Cycle Of Listed Securities To (T+2) Effective Today

Date 23/04/2017

In reference to the previous announcement regarding amending the settlement cycle of listed securities to (T+2), the Saudi Stock Exchange “Tadawul” is pleased to announce that the (T+2) settlement cycle of listed securities will commence today Sunday 23/04/2017.

Communiqué Of The Thirty-Fifth Meeting Of The IMFC, Chaired By Mr. Agustín Carstens, Governor Of The Bank Of Mexico

Date 22/04/2017

Global economy

The global economic recovery is gaining momentum, commodity prices have firmed up, and deflation risks are receding. While the outlook is improving, growth is still modest and subject to heightened political and policy uncertainties. Crisis legacies, high debt levels, weak productivity growth, and demographic trends remain challenging headwinds in advanced economies; while domestic imbalances, sharper-than-expected financial tightening, and negative spillovers from global uncertainty pose challenges for some emerging market and developing countries.

SIFMA Comment On Trump Presidential Actions

Date 22/04/2017

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, regarding recently-announced presidential actions:

Memo on FSOC Non-Bank SIFI Designation Process

“We support the President’s call for review of the NBFI SIFI designation process and the assessment of the potential risks related to such designations.  We believe this review will show what we have repeatedly stated: asset managers and their products and activities do not merit SIFI designation, because they do not – and cannot – transmit risk throughout the financial system.”

Statement Of Treasury Secretary Steven T. Mnuchin For The Development Committee

Date 21/04/2017

I look forward to productive Spring Meetings of the World Bank and the International Monetary Fund.  I hope these Meetings will enable us to advance our common goals of creating the conditions for stronger global growth that helps reduce poverty around the world.