News Centre

Ahmad Hamad Algosaibi & Brothers (AHAB): Al Gosaibi Announces Details Of Proposed Settlement Terms

Date 18/05/2015

After extensive negotiations between Ahmad Hamad Algosaibi & Brothers ("AHAB" or "the Company") and the Steering Committee "SteerCo", the Company is pleased to present an enhanced settlement proposal at a Claimants' meeting to be held in Dubai on June 2nd (the "June 2015 Proposal").  Details of the meeting will be circulated to all Claimants who have signed an NDA and submitted a notice of claim.  Those Claimants wishing to attend the meeting should contact AHABADMIN@Deloitte.com.

Orc Obtains CBOE Certification For Next-Generation Trading Platform

Date 18/05/2015

Orc, a global leader in trading technology, today announced that its next-generation Orc Tbricks trading platform now offers a certified interface to the Chicago Board Options Exchange (CBOE), including the CBOE Futures Exchange (CFE). The new high-speed interface enables quoting and trading a broad range of products, including equity options and index options such as CBOE Volatility Indexâ (VIX Index) options.

Cairo Amman Bank Weekly Economic Monitor And Amman Stock Exchange Report

Date 18/05/2015

Cairo Amman Bank has issued their Weekly Economic Monitor and Amman Stock Exchange Report.

Japan Exchange Group: The 14th Annual General Shareholders Meeting

Date 18/05/2015

Notice of the 14th Annual General Shareholders Meeting

Cleartrade Exchange Announces First Trade Of New Mini Fertilizer Futures

Date 18/05/2015

Cleartrade Exchange (CLTX), the Singapore regulated futures exchange for commodity derivatives, announces the first trade for its new mini fertilizer futures contracts. The contracts launched on Thursday May 14th with the first trades observed on CLTX later that day.

China Securities Regulatory Commission: FAQ On Beneficial Ownership Under SH-HK Stock Connect

Date 18/05/2015

1. Do overseas investors enjoy proprietary rights in the SSE Securities acquired through the Northbound Trading Link as shareholders? Are the concepts of "nominee holder" and "beneficial owner" recognized under Mainland  law?

Article 18 of the Administrative Measures for Registration and Settlement of Securities (the “Settlement Measures”) states that “securities shall be recorded in the accounts of the securities holders, unless laws, administrative regulations or CSRC rules prescribe that the securities shall be recorded in accounts opened in the name of nominee holders”. Hence, the Settlement Measuresexpressly provides for the concept of nominee shareholding. Article 13 of the Certain Provisions on Shanghai-Hong Kong Stock Connect Pilot Program (the “CSRC Stock Connect Rules”) states that shares acquired by investors through the Northbound Trading Link shall be registered in the name of HKSCC and that “investors are legally entitled to the rights and benefits of shares acquired through the Northbound Trading Link”. Accordingly, the CSRC Stock Connect Rules have expressly stipulated that, in Northbound trading, overseas investors shall hold SSE Securities through HKSCC and are entitled to proprietary interests in such securities as shareholders.

Dubai International Financial Centre Welcomes Kazakhstan's Prime Minister, Seeks To Boost Bilateral Synergies Between The UAE And Republic Of Kazakhstan Across Key Sectors

Date 18/05/2015

His Excellency Essa Kazim, Governor of Dubai International Financial Centre, welcomed Prime Minister of Kazakhstan Karim Massimov and a high-profile business delegation to the centre in a bid to boost bilateral trade between the UAE and the Republic of Kazakhstan.

CME Group And Korea Financial Investment Association Sign Letter Of Intent For Greater Collaboration

Date 18/05/2015

CME Group, the world's leading and most diverse derivatives marketplace, and Korea Financial Investment Association (KOFIA), announced today they have signed a Letter of Intent (LOI) to explore mutual collaboration in the areas of  market education and training.

Dubai International Financial Centre Successfully Concludes Dubai Week In China

Date 18/05/2015

Dubai International Financial Centre (DIFC) has successfully concluded a week-long visit to Beijing, elaborating on Dubai's potential as a competitive global business destination and exploring investment opportunities with a view to strengthening the economic growth of both China and the UAE.

Qatar Central Securities Depository Rises Foreign Ownership Percentage Of Commercial Bank To 49%

Date 18/05/2015

Qatar Central Securities Depository (QCSD) announced that it had amended the foreign ownership percentage in the shares of the Commercial Bank to become 49% of the bank''s capital, as of Monday, May 18, 2015.