Abu Dhabi Securities Exchange (ADX) today reports on its performance for the six months ending 30 June 2020. The report focuses on the exchange’s efforts in supporting Abu Dhabi’s economy through the development of its capital markets, building a strong platform for growth and foreign investment as the easing of COVID-19 restrictions continues.
Innovative fintech company PayBy has now partnered with uPay, extending its reach to more than 850 uPay self-serve kiosks across the UAE. This is a key development for the UAE’s underbanked – 39% of UAE adults do not have a bank account, but do have limited access to financial services such as remittances, while 15% of these lack access to any formal financial services, according to a survey by the Central Bank of the UAE[1]. With PayBy now integrated with uPay systems, users have the option to top up their digital wallets on the kiosk machines and use PayBy for e-commerce transactions, cashless payments and peer-to-peer transfers.
Although there is greater emphasis on corporate social responsibility and a widespread use of new technologies in the commercial real estate industry, the biennial proprietary Global Real Estate Transparency Index published by JLL and LaSalle (NYSE: JLL) shows the slowest rate of transparency improvement since the period directly following the Global Financial Crisis.
The Abu Dhabi Securities Exchange (ADX) is currently executing the decision taken by the “Securities and Commodities Authority” (SCA) regarding the return of companies suspended from trading from 5 July through the creation of a separate screen.
Data gathered by Buyshares.co.uk shows that over the last five years Bitcoin’s Return of Investment was 70.16 times higher compared to the average of five major indices. According to the data, the average ROI for the researched fives indices was 49.27%.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Kuwait Reinsurance Company K.S.C.P. (Kuwait Re) (Kuwait). The outlook of these Credit Ratings (ratings) remains stable.
