Kuwait's cabinet appointed former finance minister Nayef Al-Hajraf as chairman of its Capital Markets Authority, which regulates the stock market, state news agency Kuna said.
He replaces Saleh Al-Falah, who had held the post
The financial market regulator of the UAE said it would tighten supervision of the stock exchanges, after wild trading in Dubai-listed construction firm Arabtec helped to trigger a market crash.
Regulations on bank lending against
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
Dubai's utility watchdog Regulatory & Supervisory Bureau (RSB) has announced its first award under the accreditation scheme developed for energy service companies to MAF Dalkia.
The award comes in line with the RSB’s
Kuwait's market watchdog may extend a year-end deadline for listed companies to comply with new corporate governance rules if it finds there are "real obstacles", the regulator said, after meeting with the commerce minister.
Kuwait's parliament has approved the first reading of a bill to create the country's first independent telecoms watchdog, according to the assembly's website, a move that could lead to further liberalisation of the sector.
Shares of Dubai builder Arabtec were suspended from the start of formal trading at 0600 GMT on Wednesday following a request from the stock market regulator.
No reason was provided for the suspension of trading.
Momentum driving markets in the UAE was tempered on Sunday after the regulator approved changes to margin lending rules and said it would crackdown on unlicensed lending, while most other regional bourses scaled higher.
Libya has launched a financial regulator, state media said on Monday, to try to improve transparency and attract more foreign investment to its small stock market.
The new body will supervise the country's non-banking financia
Dubai Financial Services Authority (DFSA) has entered into 26 supervisory co-operation agreements with European Union (EU) and European Economic Area (EEA) regulators this year.
Under these agreements, each regulator agrees to hel