Page 54 - Commodities Authority News Today

Shareholders of Sharjah Islamic Bank (SIB) have approved increasing the percentage of foreign ownership of the bank’s shares to 40 per cent, at the Annual General Meeting that took place on Sunday headed by Abdul Rahman Al Owais, Chairman of the

The nation has a patchwork of largely crypto-friendly, region-specific rules that can finally get standardized.

Decentralised exchanges, one of the largest contributors to DeFi growth, reported more than $1tn in trade volume over the last year.

In January 2022, the Securities and Commodities Authority of the United Arab Emirates ("SCA") passed decision No. (1/TM) of 2022 on the Regulations on Special Purpose Acquisition...

Singapore has long been praised for being a forward-thinking, progressive jurisdiction that supports technology and innovation. This has enticed a horde of cryptocurrency and blockchain startups to set up shop in the nation, lured by its seemingly openness to the industry. However, these companies are now facing roadblocks and finding it rather challenging to operate in the city-state.

Market capitalisation of stocks listed on the exchange more than doubled to reach Dhs1.6tn.

Another one could be on the way, with ADNOC-backed Borouge mulling a listing

ABU DHABI, 21st February, 2022 (WAM) -- ADX’s market liquidity jumps five-fold in 2021 amid IPO boom. Traded values (buy + sell) on the exchange increased 407 percent from AED145 billion in 2020 to AED739 billion in 2021, driven by higher levels of domestic and international investment. Local investors accounted for 70 percent of the exchange’s traded value, while foreign institutional investors accounted for 30 percent. Meanwhile, net foreign investment on the exchange reached AED15 billion...

Asset manager Gulf Capital is considering setting up a SPAC that will list on the Abu Dhabi Securities Exchange.

Abu Dhabi Securities Exchange (ADX)’s market liquidity jumped five-fold in 2021 amid an IPO boom. Traded values (buy + sell) on the exchange increased 407 per cent from Dhs145 billion in 2020 to Dhs739 billion in 2021, driven