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SCA

DFM achieves 100% compliance in listed companies’ disclosure

Dubai - WAM

Dubai Financial Market (DFM) today announced that its listed companies have recorded a 100% compliance regarding the disclosure of Q3-2017 results within the deadline of 45 days from the end of the period. The total number of UAE public joint stock companies as well as the dually- listed companies on DFM, which disclosed their third quarter results, reached 61 companies.Read more

SCA approves regulations for Public Fund Limited Partnership

Dubai - Arab Today

The board of the Securities and Commodities Authority, SCA, has approved the regulations for the Public Fund Limited Partnership, PFLP, during its 18th meeting chaired by Sultan bin Saeed Al Mansouri, Minister of Economy. The regulations were enacted as per best international practices and are part of the SCA's efforts to improve regulatory and supervisory mechanisms in the UAE stockRead more

Arada sells 300 residential units in Aljada project

Sharjah - WAM

The Securities and Commodities Authority has issued to the Union National Bank a license to pursue clearing activities. The second license provided in three months for a national bank, the move is aimed to diversify services provided across the country's financial markets as part of the consistent efforts made to promote their global rating. The first license was issued inRead more

Emirates NBD signs with first trading member in UAE’s equity markets

Dubai - Arab Today

Emirates NBD today announced that it will provide clearing member services to its subsidiary, Emirates NBD Securities, making the brokerage firm, the first trading member to sign with the bank. The announcement follows Securities and Commodities Authority, SCA , UAE’s approval of Emirates NBD as its first general clearing member providing clearing and settlement services to trading participants of theRead more

86 joint stock companies comply to SCA corporate discipline

Abu Dhabi - Arab Today

A total of 86 joint stock companies have either totally or partially complied to the corporate discipline and governance standards set by the Securities and Commodities Authority, SCA, accounting for 98.5 percent of the firms subject to the Authority's governance rules and regulations. A total of 87 companies are subject to SCA's resolution on corporate discipline and governance standards, afterRead more

Mamish denies halting negotiations with Singapore’s MPA

Ismailia - MENA

Chairman of the Suez Canal Authority (SCA) Mohab Mamish denied on Thursday reports circulated by some news websites that the negotiations with the Maritime and Port Authority of Singapore (MPA) have been suspended. In a statement, Mamish said the SCA is expected to receive the MPA blueprint for the new quay of East Port Said port. Read more

Egypt's Suez Canal generates $395.2 mln in January revenue

Egypt - Arab today

Egypt's revenues from Suez Canal trade declined in January to register $395.2 million compared to $434.8 million in the same month last year, according to data from the Suez Canal Authority (SCA) published on the state-run Egypt Information Portal (EIP). According to EIP, 1,369 ships passed through the Egyptian waterway last month, compared to 1,414 ships in December andRead more

Investment ministry, SCA stress importance of providing infrastructure for investors in canal region

Cairo - MENA

Investment and International Cooperation Minister Sahar Nasr discussed with the Head of the Suez Canal Authority (SCA) Mohab Mamish at the ministry's headquarters means of developing ports in the Suez Canal zone to enhance its competitiveness. The meeting took up also the marketing plan implemented by the SCA in cooperation with the ministry to lure investors. The SCA coordinates withRead more

Dubai to be fastest life saver during cardiac arrest

Dubai - Arab Today

Death due to a Sudden Cardiac Arrest (SCA) may soon be avoidable in Dubai as Dubai Health Authority (DHA) launched the Dubai Heart Safest City Project by 2020 to be able to save 65 per cent lives of those suffering cardiac arrest. By 2020, Dubai will join the rank of two other cities to be one of the safest citiesRead more