Citi has joined Tadawul, the Saudi Stock Exchange, and expanded its direct custody and clearing services to Saudi Arabia
Al Rajhi Bank has selected Murex for its Islamic finance business
HSBC Saudi Arabia has succeeded in becoming the first company to establish an electronic link for a custodian within the Saudi market
Invesco has launched the first exchange traded funds (ETF) in Europe that provides pure passive exposure to Saudi Arabia
The agreement follows the introduction of new investment fund regulations by the Capital Market Authority of Saudi Arabia
Nasdaq will replace Tadawul’s current post-trade registry, depository, clearing and settlement solution
Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE
Tadawul, the Saudi Arabian stock exchange, has officially moved to a T+2 settlement cycle for listed securities, from its previous T+0 system
Amid the Gamestop saga, Robinhood’s CEO has called for a fix on the ‘antiquated settlement structure’, but others in the industry argue the current T+2 settlement cycle is ‘ultra reliable’ and a real-time system could lead to many challenges
CGI’s Andy Schmidt discusses what the next-generation of central banking architecture looks like
Peter Hainz of SmartStream discusses how the banking industry is currently faring with the implementation of the Basel Committee’s monitoring tools for intraday liquidity management
The Middle Eastern markets are diverse in many ways, and they’re focusing on themselves before they look to harmonise settlement cycles within the wider region
After its successful inaugural trading session in March, ARTEX’s CEO Yassir Benjelloun-Touimi talks to Jack McRae about seeking to create a new asset class and democratise art
The Middle East is on the cusp of a securities services success story, but this plot is not necessarily a new one, says HSBC’s Kapil Seth
Stephanie Colaric of Bank of America Merrill Lynch explains how custodians are responding to the current environment, and asks whether now is a good time to explore new markets
Mike Cowley of Deutsche explains the bank’s footprint in the Middle East, as well as updating AST on its 2008 decision to bring client assets in-house
Saudi Vision 2030 is driving growth in the Kingdom of Saudi Arabia’s financial services industry with the market set to stand up tall among its global peers
As the Saudi Arabian stock exchange finally opens its doors to foreign investments, the influx from abroad will be in baby steps, not leaps and bounds
Adding to the growth of the sukuk bond, Dubai’s new qualified investor fund aims to put the emirate on the domicile map for the Middle East and beyond
Despite reporting and process deficiencies, the Middle East is being primed for business, as AST finds out
