Financial markets
Chimera S and P UAE Shariah ETF - Share Class B - Income (CHAESHIN) has announced a dividend distribution plan for its unitholders, outlining financial details and relevant dates, including a dividend per unit of AED 0.1504. This distribution is part of the ETF's income strategy and
Financial markets
London, once a magnet for talent and capital, is suffering its biggest drain since the 1970s. The city's wealthy are fleeing due to the increasing tax burden, with the abolition of non-dom tax status being the final straw. This is having a profound impact on the top end
Financial markets
The Central Bank of Nigeria (CBN) directive to halt dividend payments, bonuses, and new foreign investments for banks under regulatory forbearance has sent shockwaves through the banking sector, causing a dip in the stock market. However, two major banks, Zenith Bank and FCMB, have responded decisively to investor concerns by
Financial markets
Sebi has introduced several measures to enhance ease of doing business for Foreign Portfolio Investors (FPIs) that invest exclusively in Indian government securities, with the aim of boosting long-term foreign investment in Indian debt markets. The decision, taken at the regulator's board meeting, simplifies onboarding, reduces paperwork, and
Financial markets
Otsaw Limited, a Singapore-based company specializing in autonomous mobile robots and robotics solutions, has publicly filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for its proposed initial public offering (IPO). The company plans to list its class A ordinary shares on the Nasdaq Capital Market
Financial markets
The Securities and Exchange Commission (SEC) is poised to initiate a second round of public hearings on stricter margin loan regulations, aimed at curbing the misuse of margin credit for non-investment purposes. The regulatory amendments, expected to take effect in the third quarter this year, will likely prohibit securities firms
Financial markets
The Financial Markets Authority (AMF) in France has taken action against the shareholders of SMCP, a company specializing in ready-to-wear clothing, for breaching their reporting obligations and disseminating false information. The Enforcement Committee found that European TopSoho, led by Ms Chenran Qiu, and Dynamic Treasure Group failed to comply with
Financial markets
Armada Acquisition Corp. II (NASDAQ: AACIU) announced on June 24, 2025, that holders of the 23,000,000 units sold in the company's initial public offering may elect to separately trade shares of the company's Class A ordinary shares and warrants included in the units. The
Financial markets
Advance International Company for Communication and Information Technology has successfully issued Murabaha Sukuk worth 6.00 million Saudi Riyals, marking a significant step in enhancing its financial foundation amidst expansion plans. The Sukuk issuance was facilitated through Dinar Investment Company's platform, with the Capital Market Authority approving the
Financial markets
The US dollar's resurgence as the global trade currency has raised concerns among emerging markets and developing economies in Asia, particularly those with a high reliance on US dollar-denominated debt. The recent interest rate hikes by the Federal Reserve have triggered a series of reverberations, including capital outflows,
Financial markets
On June 17, 2025, Emaar Properties PJSC witnessed a minor price movement on the Dubai Financial Market. The company's stock opened at the previous closing price of 12.5 AED and traded within a narrow range, reaching a high of 12.75 AED and a low of 12.
Financial markets
Financial market volatility in both the euro area and the United States surged following the US Administration's tariff announcement on 2 April, closely aligning with a rise in economic policy uncertainty (EPU) since the autumn of 2021. This alignment marks a significant departure from the historically close co-movement
