Page 75 - Commodities Authority News Today

Add to Bookmarks The new NSE derivatives offering will provide investors with a revolutionary onboarding process that will take less than five minutes to start trading as opposed to the current average two-day processing time, putting Kenya at par with global standards. Samwel Kiraka, CEO of EGM Securities, said: “We are very pleased to deliver another innovative and world-class offering to Kenya’s financial markets that enables investors to take quick advantage of intraday trading opport...

The ready and off-plan residential portfolio of Deyaar, which is majority owned by Dubai Islamic Bank, has seen a high demand and “we expect this demand to grow even more with the economic recovery in the emirate and the effort that the government [is making] towards executing the Dubai Urban Master Plan 2040”, he said. The property market in the UAE softened in the wake of a three-year oil price slump that began in 2014 and as a result of the Covid-19 pandemic, which pushed the global econ...

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But Zurich Middle East CEO remains ‘committed’ to a ‘multi-channel distribution strategy’

Dr Shamsheer Vayalil will also step down as managing director, although he will continue to serve as the companys vice chairman, Amanat said in a statement to the DFM on Sunday. “Dr Shamsheer has played an instrumental role in Amanat for more than three years, having seen the company deploy its Dh2.5 billion in paid-up capital and expanding its assets under management to nearly Dh3bn,” the company said. “[He] steered the operational improvements across Amanat’s portfolio, especially dur...

Dubai: Emaar Properties reported 2020 property sales of Dh10.90 billion on Sunday and said it appointed a woman to its board. Emaar recorded property sales of Dh6.321 billion ($ 1.72 billion) in the UAE alone. The developer said it handed over more than 72,100 residential units in Dubai and international markets, with more than 26,000 currently under development in the UAE and 12,000 units in global markets. “The performance reflects sustained interest from investors, both domestic and foreig...

SHARE The UAE this month joined a small club of countries where the law makes it mandatory for every listed company in the country to have at least one female director on their boards. This is a good sign. Diversity at this level indicates a meritocratic society, a healthy workforce and in turn, a healthy economy. This law is an amendment of a previous target of 20 per cent female representation set by the UAE’s Securities and Commodities Authority, but that was a “comply or explain” dire...

Company ‘aims to be the one stop shop for its clients’ Investment company Al Hail Holding has acquired wealth and asset manager Allied Investment Partners (AIP) for an undisclosed sum. Established in 2007, AIP is regulated by the Securities and Commodities Authority (SCA) in the UAE. The firm offers asset management, wealth management, corporate finance and investment banking advisory services. Hamad Jassim Al Darwish, chairman of AIP, said: “With the completion of this transaction, AIP h...

UAE’s gross banking assets stand at Dhs3.172tr by end of January 16 Mar 2021 A view of the headquarters of the UAE Central Bank in Abu Dhabi. The UAE gross bank assets, including bankers’ acceptances, rallied to Dhs3.172 trillion by the end of January 2021, figures by the Central Bank of the UAE have shown. Gross credit in the banking system likewise grew from Dhs1.779 trillion by the end of December 2020 to Dhs1.779.2 trillion in January 2021, with total bank dep...

By Reuters Staff 1 Min Read DUBAI (Reuters) - Listed companies in the United Arab Emirates must have at least one woman on their board of directors, the Securities and Commodities Authority said. The move, an amendment of a previous decision by the authority’s board, is “in the context of keenness to empower Emirati women and encourage them to play a greater role in the boards of directors of listed companies,” the SCA said in a statement on Sunday. Women sit on the boards of 28 of the 11...