iPhone | iPad
Android
Huawei
With major changes in tax slabs and tax regimes, it is expected to be a budget that will positively impact the middle- and lower-income segments
KT APPDOWNLOAD
First Abu Dhabi Bank to partner with Thomas Murray
FAB will provide surveillance support to Thomas Murray’s Securities Market Information (SMI) database
The information from FAB is set to benefit subscribers, ensuring they are kept up-to-date and follow local regulations in relation to the trade and post-trade process
First Abu Dhabi Bank (FAB) has announced that it will partner with Thomas Murray, a UK-based post-trade and technology company who provide guidance on local markets rules and regulations as well as systems and procedures for the trading, clearing, settlement, custody and asset servicing of securities.
FAB, a direct custodian in the UAE, Saudi Arabia, Egypt, Kuwait, Bahrain, Oman, and Lebanon, will become a key information source throughout the Middle East. Under the agreement, the bank will provide information on market changes which will be available to subscribers of Thomas Murray’s Securities Market Information (SMI) database.
The information from FAB is set to benefit subscribers, ensuring they are kept up-to-date and follow local regulations in relation to the trade and post-trade process.
Kashif Darr, managing director and head of Securities Services at FAB, said: “We are proud to partner with Thomas Murray and to be a trusted source of market developments and vital information for investors and their providers. FAB is embedded in the infrastructure of the region. We have deep and long-standing relationships with the key financial market participants across all major centres of the Middle East, which offers us intimate access to market developments and information."
Jim Micklethwaite, head of Operations, Thomas Murray, said: “We are delighted to have First Abu Dhabi Bank joining our SMI service. Their knowledge and expertise in financial services in the Middle East will be an invaluable tool for those financial institutions conducting business in the region and an outstanding addition to our 250 strong sources of information. This agreement solidifies the existing relationship which we have had with the bank for several years.”
The database is continuously updated by a team of analysts monitoring hundreds of sources to produce comprehensive market profiles for 105 countries worldwide which detail a wide range of topics such as market entry requirements, taxation or market charges.
business@khaleejtimes.com
More news from
The new youth leadership initiative will provide funding, mentorship, and resources to organisations that are working to end NTDs in their communities
Officials termed it future oriented and supporting growth of the country
The British record capture of Enzo Fernandez this week took the Blues' spending close to 300 million pounds in January alone
Magnate's net worth had halved to $61 billion by Friday, after last week's report
The Gulf country says that insect products do not meet 'the requirements of halal food technical regulations'
Cancelo, a two-times league winner with City who was selected twice in the Premier League Team of the Year, moved to Bayern on an initial loan deal
Combined market cap of Adani Group's listed units has collapsed by more than $120 billion