Markets Regulations

(Photo Credit: Arabianeye-Reuters)
23 April 05:16 PM Al Baha suspended from OTC trade
Riyadh - Mubasher: Al Baha Investment and Development announced that its shares were suspended from over-the-counter (OTC) trade as a part of the new mechanism. The company said that the move came after the Capital Market Authority (CMA) decision …
(Photo archive)
23 April 03:42 PM CMA lifts trading suspension on Alhokair shares
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) lifted the suspension of trading on the shares of Fawaz Abdulaziz Alhokair Company as of 24 April. On Saturday, the CMA had suspended trading on Alhokair's shares after failing to …
Photo Credit: Arabianeye-Reuters
22 April 05:16 PM CMA suspends trading on Alhokair shares
Riyadh - Mubasher: The Saudi Capital Market Authority (CMA) has announced in a statement on Saturday the Suspension of trading the Shares of Fawaz Abdulaziz Alhokair Company. This comes after Fawaz Alhokair Co. has failed to commit to announce its …
(Photo Credit: Arabianeye-Reuters)
18 April 04:42 PM Tadawul suspends stocks, sukuk to apply T+2 settlement cycle
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) suspended the trading of a number of listed securities that are settled after two business days in preparation for implementing the new (T+2) settlement cycle of listed securities. Suspension …
Losses reached SAR 74 million by the end of last year - (Photo Credit: Arabianeye-Reuters)
17 April 08:33 PM Gulf Union accumulated losses reach 33% of capital
Riyadh - Mubasher: Gulf Union Cooperative Insurance reported that its accumulated losses have reached SAR 73.6 million, representing 33.55% of the company’s capital, according to the financial results of 2016. The company said in a statement to …
Photo Credit: Arabianeye-Reuters
16 April 11:23 AM BHB discloses Islamic sukuk listing
Mubasher: The Bahrain Bourse (BHB) announced the listing of ten treasury bills and Islamic leasing (ijara) sukuk, according to a bourse statement issued on Sunday. The bills and sukuk were issued by the Central Bank of Bahrain (CBB), effective …
(Photo credit: SCA)
16 April 09:44 AM UAE stock markets announce Isra and Mi'raj holiday
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) will be closed next Sunday on the occasion of Isra and Mi'raj, the Securities and Commodities Authority (SCA) said on Sunday. The two bourses will …
Six companies will be transferred to the secondary market - (Photo Credit: Arabianeye-Reuters)
14 April 07:16 PM ASE to cancel 3rd market on 16 April
Mubasher: Amman Stock Exchange’s (ASE) third market is set to be cancelled on Sunday, 16 April 2017, according to the 29th article of the directives for listing securities on ASE  for the year 2016, the bourse's CEO Nader Azar said. Six companies …
Photo Credit: Arabianeye-Reuters
12 April 08:20 AM DFM to close on Isra and Mi'raj holiday
Mubasher: The Dubai Financial Market (DFM) announced that Sunday, 23 April 2017, will be an official holiday, on the occasion of the Isra and Mi'raj holiday. The stock market said that the usual working hours will resume on Monday, 24 April, …
Public business sector minister Ashraf Al Sharqawy (Photo archive)
11 April 02:11 PM Business Sector to expand in non-banking financing tools in 2017 - Minister
By: Mostafa Adel Cairo – Mubasher: Egypt's Ministry of the Public Business Sector is planning to expand in the utilisation of non-banking financing tools to develop the sector’s companies during 2017, minister Ashraf Al Sharqawy stated. …
Photo Credit: Arabianeye-Reuters
11 April 12:39 PM CMA nods to selling Educational shares
Mubasher: The Capital Markets Authority (CMA) approved of Educational Holding Group selling its entire treasury shares for a six-month period of the approval date. The company has an overall of about 1.062 million treasury shares, the company said …
Mohamed Abdel Salam, MCDR chairman - (Photo Credit: Company Website)
11 April 12:02 PM MCDR issued 24,000 e-signatures - Chairman
By: Mostafa Adel Cairo - Mubasher: The chairman and managing director of Misr for Central Clearing, Depository and Registry (MCDR) said that the company has issued 24,000 electronic signatures since the service was activated. Mohamed Abdel Salam …
Photo Credit: Arabianeye-Reuters
11 April 12:27 AM Egypt allows Uber, Careem 6M for reconciliation
Cairo - Mubasher: The Egyptian Cabinet has approved a law regulating passenger transport services by private cars, the minister of justice, Hossam Abd El-Rehem, said on Monday. The government will allow companies operating in this field, such as …
(Photo Credit: Arabianeye-Reuters)
10 April 03:13 PM CMA grants Fitch Australia licence for credit rating in KSA
Riyadh – Mubasher: The Saudi Capital Market Authority’s (CMA) board agreed on authorising Fitch Australia PTY Limited to conduct credit rating activities in the Kingdom.  The CMA had earlier announced receiving applications to conduct credit …
Photo Credit: Arabianeye-Reuters
9 April 04:30 PM CMA nods to Ajwan capital hike prospectus
Mubasher: The Capital Markets Authority (CMA) of Kuwait approved the prospectus of Ajwan Gulf Real Estate’s rights issue. Ajwan will increase the capital by KWD 13.66 million to KWD 21 million from KWD 7.34 million, according to a bourse statement …
construction
9 April 12:49 PM Egypt’s MoH: Consultancy offices to issue construction licenses, in rare move
Cairo – Decypha: The New Urban Communities Authority (NUCA) will officially start facilitating the process of issuing construction licenses for land plots in order to support buildings growth in new cities, announced the Egyptian Minister of …
Photo Credit: Arabianeye-Reuters
6 April 10:19 AM Gulf Franchising to be listed on Parallel Market
Mubasher: Gulf Franchising Holding has confirmed the news published in a local newspaper over listing the company on the Parallel Market instead of the official one, according to a bourse statement issued on Thursday. The board members recommended …
(Photo archive)
6 April 09:10 AM CMA gives nod to Bank AlJazira’s capital hike
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) approved Bank AlJazira’s request to raise its capital through bonus shares. The capital will be increased from SAR 4 billion to SAR 5.2 billion through issuing 3:10 bonus shares, …
laptop
6 April 08:37 AM Overview: The impact of the electronics ban on GCC Airlines
Cairo - Decypha: Following the US ban on any electronic devices larger than mobile phones, which was imposed mainly on direct flight to the US from eight majority Muslim countries, several airlines have been trying to figure work around solutions. …
(Photo Credit: Arabianeye-Reuters)
5 April 05:37 PM SAMA orders Sanad to compromise claims in 20 days
Riyadh – Mubasher: Sanad Cooperative Insurance was notified by the Saudi Arabian Monetary Agency (SAMA) for not being committed to some regulatory requirements. The insurance company was required to compromise the vehicles insurance’s claims and …
VAT
5 April 09:28 AM Expert: VAT on insurance to drive prices up in UAE
Dubai - Decypha:  As health insurance is mandatory for all residents since 2014, the new value added tax (VAT) on non-life insurance in the UAE is expected to drive up the cost of health and motor Gurdeep Randhay, Head of Tax at Grant Thornton …
Photo Credit: Company Website
4 April 10:17 PM SAMA approves Wafa Insurance capital cut
Riyadh - Mubasher: The Saudi Arabian Monetary Authority (SAMA) has approved the request of Saudi Indian Company for Cooperative Insurance (Wafa Insurance) to reduce its capital by SAR 833 million. The company in a statement to the Saudi Stock …
Photo Credit: Arabianeye-Reuters
4 April 12:25 PM Beltone lawsuit against EGX, EFSA referred to other court
Cairo - Mubasher: The CEO of El-Sherif Law Firm and Consultants, Atef El-Sherif, said that the Beltone Financial Holding appeal against the Egyptian Exchange (EGX) and the Egyptian Financial Supervisory Authority (EFSA) has been referred to …
(Photo Credit: Arabianeye-Reuters)
4 April 10:00 AM SAMA approves 2 new products for Al Ahlia
Riyadh - Mubasher: Al Ahlia Cooperative Insurance received the final approval from the Saudi Arabian Monetary Authority (SAMA) on the electronic sale on the company’s website. The approval included travel insurance and medical malpractice …
3 April 11:34 AM UAE airports to see 6.3% growth in 2017
Dubai – Decypha: The United Arab Emirates (UAE) is expected to see a 6.3% growth in the number of airport passengers, the highest growth rate in the region, according to a forecast by the International Air Transport Association (IATA). IATA …