News Centre

The Egyptian Exchange (EGX) Update As Of 26 February 2012

Date 27/02/2012

Starting 2012, flipping the pages of year 2011 in the book of Egypt, the Egyptian market entered a decisive new phase in the history of the country; looking forward for a year that carries more certainty and stability, and unraveling most of the doubts.

We are pleased to report more stability as well as improvement in equity prices and overall liquidity on the EGX since beginning of 2012. Things are expected to further improve after the finalization of Presidential Elections by end of June 2012.

HKEx: Listing Nominating Committee Extends Application Period For Listing Committee Candidates

Date 27/02/2012

The Listing Nominating Committee has extended the application period for nominations to Listing Committee to 10 March 2012 from 3 March 2012. The Listing Nominating Committee is seeking applications from individuals interested in serving on the Listing Committee and the Growth Enterprise Market (GEM) Listing Committee¹.  Appointments will be for a term of approximately twelve months commencing in April 2012.

Bursa Malaysia Publicly Reprimands Nam Fatt Corporation Berhad (In Liquidation) And Fines Seven Directors A Total Of RM250,000

Date 27/02/2012

Bursa Malaysia Securities Berhad (Bursa Securities) has publicly reprimanded Nam Fatt Corporation Berhad (NAMFATT) for failing to make an immediate announcement on several material litigations, and for not complying with the directives of Bursa Securities on 9 October 2008 and 5 November 2008 to make an immediate announcement on the litigations. Bursa Securities has also publicly reprimanded and fined all its seven directors a total of RM 250,000.

Hong Kong Securities And Futures Commission: Former HAECO Director Convicted Of Insider Dealing

Date 27/02/2012

Former independent non-executive director of Hong Kong Aircraft Engineering Company Limited (HAECO), Mr Lam Kwong Yu, was today found guilty of insider dealing following a trial in the Eastern Magistracy (Note 1).

Results Of Dubai Financial Market PJSC Board of Directors' Meeting

Date 27/02/2012

Kindly be informed that the Board of DirectorsJ of Dubai Financial Market PJSC held meeting on Sunday 26/2/2012 at 2:00 PM at Borse Dubai and resolved the following:

• Approved the annual audited consolidated financial statement for the year ended December 31, 2011.
• Ordinary annual general meeting (AGM) to be held on isth April 2012 at DFM building in DWTC and coordinate with SCA concerning the AGM agenda.

KVH And Koscom To Launch Proximity Services For KRX’s Derivatives Trading - Addressing High Frequency Trading Needs Of Global Traders

Date 27/02/2012

KVH Co. Ltd., Asia’s leading information delivery platform, and Koscom, a leading financial IT solutions provider, announced today that they will offer proximity hosting services for the Korea Exchange (KRX) derivative trading customers at Koscom’s new data center in Busan. They will also offer ultra low-latency connectivity from overseas financial centers to Seoul and Busan through interconnections of KVH’s ultra low-latency regional network and Koscom’s Stock-net in Korea. These services will be offered in conjunction with connectivity to other key financial centers such as Tokyo, Singapore, Hong Kong, Sydney, and Chicago and will be available from June 4, 2012, when the new Koscom Busan data center opens.

Bursa Malaysia Publicly Reprimands Hdm-Carlaw Corporation Berhad And Fines Three Directors A Total Of RM200,000

Date 27/02/2012

Bursa Malaysia Securities Berhad (Bursa Securities) has publicly reprimanded HDM-Carlaw Corporation Berhad (CARLAW) and five of its directors for failing to make an immediate announcement on the defaults in payment of various credit facilities. In addition, three executive directors were fined a total of RM200,000.

Dubai Financial Market (PJSC) Records Net Profit Of AED 8 Million In 2011Abdul Jalil Yousef Darwish: Encouraging Indications On The Success Of The Company’s Efforts To Limit Dependency On Trading Commissions

Date 27/02/2012

The new revenue streams constituted 2.8% of the total revenue through:

• Signing data selling agreements with 20 companies
• Managing cash dividend distribution for 6 listed companies
• Applying listing fees and offering online advertising opportunities

Statement By IMF Managing Director Christine Lagarde On G-20 Ministerial Meeting In Mexico City

Date 27/02/2012

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today after the conclusion of the Group of 20 Finance Ministers and Central Bank Governors meeting in Mexico City:

“I would like to thank the Mexican authorities for hosting us, including President Felipe Calderón, Finance Secretary José Antonio Meade, and Bank of Mexico Governor Agustín Carstens."

Remarks By U.S. Treasury Secretary Tim Geithner At The G-20 Meeting Of Finance Ministers And Central Bank Governors

Date 27/02/2012

The risks to the global economy have diminished since the G-20 last met in Cannes, but we still face significant economic challenges.  The U.S. economy is gradually getting stronger.  Europe has acted to significantly reduce the risk of a catastrophic financial crisis.  And even with weakness in European growth, we are seeing encouraging signs of resilience in many emerging economies.