Icymi: Due To Lack Of Involvement Inward Gcc Equities Uae Plans Initial Money Offerings To Boost Upper-Case Missive Of The Alphabet Markets: Regulator

I set the Gulf Cooperation Council inwards the headline although at the instant Saudi stocks are starting to await interesting.

From Reuters:

 The United Arab Emirates plans to innovate initial money offerings (ICOs) side past times side twelvemonth to render companies alongside a fresh agency to enhance money, the caput of the securities regulator said on Monday.

In ICOs, companies outcome cryptocurrency tokens to investors, inwards much the same agency equally they outcome shares inwards an initial populace offering of equity.

“The board of the Emirates Securities & Commodities Authority has approved considering ICOs equally securities. As per our conception nosotros should convey regulations on the solid soil inwards the get-go one-half of 2019,” Obaid Saif al-Zaabi told a seminar...MORE

Reminiscent of Nov 2008's:
Karachi: Trade inwards shares on Pakistan's primary stock telephone commutation solid soil to a stop on Tuesday equally investors lost all interest...