Auerbach Grayson, a New York-based broker specialising in global trade execution and research services, has announced a partnership with IS Investment, the investment banking arm of Turkey-based Isbank.
Index provider MSCI has said that it will extend the review period for the potential upgrading of the MSCI Qatar and UAE indexes from frontier to emerging market status.
BNY Mellon, the investment management and securities servicing firm, has launched BNY Mellon Clearing International, a derivatives clearing services provider for buy- and sell-side institutions in Europe, the Middle East and Africa.
Qatar's Supreme Council for Economic Affairs and Investment has approved the establishment of a junior market for small and medium enterprises at Qatar Exchange.
Dubai Financial Market, the exchange subsidiary of government holding company Borse Dubai, is to collaborate with the Egyptian Exchange to set up a comprehensive framework that will pave the way for listed companies, specifically those with significant operations in the United Arab Emirates and Egypt, to dually list their shares.
Turmoil in Bahrain has refocussed the question of which GCC nation will become the Middle East's premier financial hub, according to Rebecca Healey, senior analyst at research provider TABB Group, symbolised by the delayed launch of the Bahrain Financial Exchange, which had been due to begin trading on 28 April.
The Johannesburg Stock Exchange has appointed a new committee to help revitalise the Africa Board, its platform for cross-listing stocks from companies listed elsewhere on the African continent.
Qatar Exchange has issued the new rules and operational procedures for its upcoming delivery versus payment implementation that remove the need for a dual account structure for securities.