News Centre

Abu Dhabi’s Launch Of ‘Hub71+ Digital Assets’ Opens Up TON Foundation Ecosystem To $2 Billion Start-Up Hub

Date 20/02/2023

The TON Foundation, a non-profit association of developers and enthusiasts that exists to advance The Open Network (TON), has opened up its ecosystem to start-ups and investors based at Hub71+ Digital Assets, an Abu Dhabi-based Web3 specialist ecosystem backed by the Government of the United Arab Emirates (UAE), with more than $2 billion of capital to deploy.

US$32m Outflows, But Rising Prices Push AuM To Highest Since August 2022 - CoinShares: Fund Flows

Date 20/02/2023

• Digital asset investment products saw outflows totalling US$32m last week, the largest since late December 2022. Mid-way through last week the outflows were much higher at US$62m, but sentiment improved by Friday.
• Bitcoin bore the brunt of the negative sentiment, seeing nearly US$25m of outflows, while short-bitcoin investment products saw inflows of US$3.7m.
• Blockchain equities saw inflows totalling US$9.6m last week and have seen 6 consecutive weeks of inflows.

Egyptian Capital Market Representatives Visits KSA And UAE

Date 20/02/2023

The Egyptian delegation, which includes the Financial Regulatory Authority (FRA), the Central Bank of Egypt (CBE) and the Egyptian Exchange (EGX), held a series of meetings with 20 high - investment institutions in Riyadh, Dubai and Abu Dhabi, to review the latest developments in the Egyptian economy.  This is the second roadshow for the Egyptian Capital Market in the region. 

HKEX To Introduce New Option Classes

Date 20/02/2023

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Monday) the launch of three new stock option classes on Monday, 6 March 2023.

Hong Kong Securities And Futures Commission Consults On Proposals To Regulate Virtual Asset Trading Platforms

Date 20/02/2023

The Securities and Futures Commission (SFC) today launched a consultation on the proposed requirements for operators of virtual asset trading platforms.  

Oil And Gas Industry Overall Contract Value Up By 27% QoQ During Q4 2022, Reveals GlobalData

Date 20/02/2023

The COVID-19 pandemic has had a significant impact on the oil and gas industry, leading to a decline in demand and a drop in oil prices. However, the industry has been recovering since then, with oil prices gradually increasing and demand for energy returning to pre-pandemic levels. Consequently, the overall oil and gas industry contract value seen a significant quarter-on-quarter (QoQ) increase of 27% in Q4 2022, reveals GlobalData, a leading data and analytics company.

DIFC Achieves Record-Breaking Growth In 2022, Driven By FinTech And Innovation

Date 20/02/2023

• DIFC’s exceptional performance in 2022 demonstrates Dubai’s role as a major driver of innovation, entrepreneurship and next-generation technologies in the region’s financial sector
• DIFC’s growth significantly contributes to the goal of the Dubai Economic Agenda D33 to transform Dubai into one of the world’s top three cities for business
• Total number of active companies grows to 4,377, a 20 per cent year-on-year growth
• DIFC records fastest ever rate of employment growth; employees based in the Centre increase to 36,083, a rise of 22 per cent year on year
• 2022 sees most commercial space leased in a single year in DIFC with 809,000 sq. ft
• FinTech and Innovation become fastest growing sector in DIFC; with 291 new clients in 2022, total number of firms in the sector grows 36 per cent to reach 686
• DIFC FinTech and Innovation companies attract over $615 million in funding in 2022
• Combined revenues exceed AED1 billion for the first time, rising to AED1.06 billion in 2022, up 18 per cent from 2021; Operating profit reaches AED679 million from AED 573 million in 2021, up 19 per cent
• DIFC ranked top free zone globally in attracting FDI for fifth consecutive year

UK Financial Conduct Authority Seeks Views On Updating Asset Management Regulation

Date 20/02/2023

The Financial Conduct Authority (FCA) is seeking views on what regulatory change might help the UK’s asset management industry innovate, better support the investors it serves and boost competition.

Bursa Malaysia Signs MoC With MGTC To Enhance Voluntary Carbon Market Ecosystem

Date 20/02/2023

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) and Malaysian Green Technology and Climate Change Corporation (“MGTC”) today signed a Memorandum of Collaboration (“MoC”) to build and promote the voluntary carbon market (“VCM”) ecosystem in Malaysia, following the launch of the Bursa Carbon Exchange (“BCX”) in December 2022.

Reappointment Of Royal Mint Advisory Committee Members - Jane Ridley And Hughie O'Donoghue Have Been Reappointed

Date 20/02/2023

Jane Ridley and Hughie O’Donoghue have been reappointed to the Royal Mint Advisory Committee (RMAC) today (20th February).