Trading

Tadawul to buy stake in Dubai Mercantile Exchange

The Saudi stock exchange, otherwise known as the Tadawul, is set to buy a 32.6% stake in the Dubai Mercantile Exchange (DME) for an...

Moody’s upgrades Turkey’s credit rating

Turkey has enjoyed a boost to its economic prospects after rating agency Moody’s upgraded its outlook on the country from stable to positive. Moody’s cited...

Dubai approves another crypto exchange

OKX, ranked as the second largest crypto exchange by volume, has been provisionally approved to launch a cryptocurrency exchange in Dubai. The Dubai Virtual Assets...

Tadawul launches equity index

The Saudi Exchange, also known as Tadawul, has launched an index that tracks the top 50 companies according to market capitalisation. The TASI50 Index will...

Qatar postpones T+2 settlement change

The Qatar Stock Exchange’s plan to shorten its settlement cycle has been delayed. The move from T+2 to T+3 was announced back in October and...

GCC equity markets suffer 2023 slump

The equity markets of the GCC underperformed in 2023 when compared to counterparts around the world, according to a report from Kuwait-based fund manager...

DFSA to cut fees for ESG listings

The Dubai Financial Services Authority (DFSA) has announced it will waive regulatory fees for any sustainability-related securities listed in the Dubai International Financial Centre...

Dubai Financial Market pilots carbon credits trading

UAE-based stock exchange Dubai Financial Market (DFM) has launched a pilot programme for trading carbon credits. The initiative has been timed to coincide with the...

GCEX gets virtual asset licence in Dubai

UK-based digital assets brokerage GCEX Group has secured a licence for its virtual assets broker-dealer service in Dubai. The licence from the Virtual Asset Regulatory...

Backpack to launch crypto exchange in Dubai

Web3 wallet and NFT provider Backpack is set to launch a regulated cryptocurrency exchange in Dubai after receiving a licence from the Dubai Virtual...