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  • ADSM Signs MoU With Karachi Stock Exchange

    Date 18/02/2008

    Abu Dhabi Securities Market (ADSM) and Karachi Stock Exchange (KSE) signed yesterday a Memorandum of Understanding (MoU) signed by Mr. Adnan Afridi, Managing Director of KSE, and for ADSM by Mr. Tom Healy, Director General.

  • DIFC To Enhance Arbitration Law

    Date 18/02/2008

    The Dubai International Financial Centre (DIFC) on 16 February issued consultation papers to seek comment on a new Arbitration Law, which replaces the existing arbitration law. This proposed Law, which contains a significant number of enhancements, is designed to accommodate and facilitate the set-up of the DIFC's Arbitration Centre.

  • Zhengzhou Commodity Exchange Set Futures Trading Volume Record

    Date 18/02/2008

    On Feb. 15, 2008, the trading volume of futures contracts on ZCE (Zhengzhou Commodity Exchange) peaked at 1943372 contracts, surpassing the previous record of 1923960 contracts set on Sep.6, 2007.

  • Statement By The UK Chancellor Of The Exchequer, Rt Hon Alistair Darling On Northern Rock

    Date 17/02/2008

    1. I would like to make a statement on the Government's decision on the future of Northern Rock. I am doing so today because it is necessary to make a formal announcement before the markets open tomorrow morning. 2. Last autumn, the Government stepped in to save Northern Rock to stop its problems spreading to other parts of the banking system. 3. The Government has now completed its review of the two detailed proposals on the table. We have made our choice after considering a

  • HM Treasury Announcement On Northern Rock

    Date 17/02/2008

    Northern Rock plc 1. The Government has today decided to bring forward legislation that will enable Northern Rock plc to be taken into a period of temporary public ownership. The Government has taken this decision after full consultation with the Bank of England and the Financial Services Authority. The Government's financial adviser, Goldman Sachs, has concluded from a financial point of view that a temporary period of public ownership better meets the Government's objective of pro