The chief executive of the United Arab Emirates (UAE) stock market regulator, Abdullah al-Turifi, is due to retire, four sources familiar with the matter told Reuters.
Turifi, a founding member of the regulatory body, is serving h
Saudi Arabia’s plan to start issuing tourist visas in six months will draw over seven million visitors to the kingdom and has the potential to provide the economy with more than SR35 billion ($9.32 billion) in five years, a report said.
Dubai Financial Market (DFM) said ADIB Securities and EFG Hermes have been accredited to provide direct market access (DMA) for global brokers.
DFM is currently processing similar applications from other brokerage firms in collabo
The United Arab Emirates' market regulator unveiled a major overhaul of stock ownership rules in the country, in a bid to force more disclosure in takeover deals and boost transparency.
But it was not clear when the guidelines would come i
Al Ramz Securities, one of UAE’s leading brokerage houses, has obtained a license from the Securities and Commodities Authority (SCA) to provide brokerage services outside UAE.
Clients will now be able to trade without the intercession of
The United Arab Emirates is close to issuing a final draft of proposals to regulate the country's nascent asset management industry, seen as an important step in protecting investors' interests and boosting market confidence.
The Emirates Securities and Commodities Authority (SCA) said it has signed a MoU with Dubai-based Hamdan bin Mohammed e-University to boost cooperation in the area of professional advice and institutional development.
Abdullah Al-Turifi, S
Abu Dhabi Department of Economic Development (DED) and the Emirates Securities and Commodities Authority (SCA) have signed a joint co-operation agreement to boost business environment through a simple working system.
The system will simpli
Boutique Middle East property developer Abyaar Real Estate Development Company has confirmed that it intends to pursue a capital increase and secondary listing on the Dubai Financial Market (DFM).
The company, which has appointed NB
The United Arab Emirates' stock market regulator said on Saturday it had approved regulations authorising margin trading on the Gulf Arab country's stock markets in a move to attract further investments.
The new rules will take effect afte