The UAE's stock market regulator said construction firm Arabtec had obeyed disclosure rules during a period of management turmoil at the company which slashed its share price and dragged down the entire marke
Saudi Stock Exchange, the Middle East's largest bourse that is planning to go public, reported a 37 per cent drop in 2013 net profit, its first ever financial disclosure showed on Tuesday.
The exchange, commonly known as Tadaw
Dubai Financial Market (DFM) has revealed that its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of Q2-2013 results within the deadline of 45 days from the end of the period.
Saudi Stock Exchange (Tadawul) has announced the soft launch of its electronic disclosure system "Ifsah" aimed at boosting the transparency and efficiency of the market.
Ifsah was launched in co-operation with list
The United Arab Emirates' market regulator unveiled a major overhaul of stock ownership rules in the country, in a bid to force more disclosure in takeover deals and boost transparency.
But it was not clear when the guidelines would come i
Facebook and banks including Morgan Stanley were sued by the social networking leader's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its $16 billion initial public offering.
The defendants, who
Banks across the world will have to use a common format for disclosing the size and quality of their capital safety buffers from 2013 to help reassure investors they are stable.
The Basel Committee on Banking Supervision, made up of regula
Dubai Financial Market (DFM) said that its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of third quarter results within the deadline of 45 days from the end of the period.