Tag Archives: market
Saudi Market Poised for Historic Shift as Tadawul Pursues Opening to Foreign Investors
TadawulIn a bold step aimed at fostering liquidity and attracting global capital, Saudi Arabias Capital Market Authority (CMA) has opened a public consultation on landmark reforms that would open Tadawul to foreign investors, according to Gulf News.
The CMA has published the draft amendments on the Public Consultation Platform Istitlaa, to collect feedback from the public and government entities on proposed laws and regulations.
Crucially, the draft plan proposes eliminating foreign investor restrictions, ending swap agreements, and granting direct access to Saudi equities.
Currently, overseas investors are required to register as foreign institutional investors.
Under the new plan, however, this requirement would be abolished, opening the door to unrestricted direct participation in the Saudi market.
Moreover, foreign investors would have full access to direct ownership of Saudi-listed stocks after removing the use of swap agreements.
A CMA board member told...
Crypto Market Faces Correction: Expert Predicts 15-20% Drop for XRP, SOL, DOGE
Crypto market liquidations hit $240M as Fed rate cut approaches, with $176M from long positions.Bitcoin dominance could rise back to 60% as altcoins face 15-20% correction.XRP, SOL, DOGE lead the correction as Fed rate cut sparks “sell-the-news” event.Analysts predict Bitcoin to fall 5-8%, while altcoins face sharper declines in coming days.As the crypto market gears up for the Federal Reserve’s rate cut this week, experts are predicting a potential 15-20% correction for popular altcoins like XRP, SOL, and DOGE. The anticipated rate cut has sparked a “sell-the-news” event, contributing to increased market volatility. Analysts are warning of a significant drop, especially for altcoins, as the overall market liquidations have surged to $240 million.Crypto Market Faces Pressure Ahead of Fed Rate CutThe crypto market is currently experiencing a wave of selling pressure. This follows last week’s...
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Top Stories Tamfitronics Top Stories Tamfitronics Rita GhantousRita Ghantous is a hospitality aficionado and a passionate writer with over 9 years’ experience in journalism and 5 years experience in the hospitality sector.Her passion for the performance arts and writing, started early. At 10 years old she was praised for her solo performance of the Beatles song “All My Love” accompanied by a guitarist, and was approached by a French talent scout during her school play. However, her love for writing was stronger. Fresh out of school, she became a freelance journalist for Noun Magazine and was awarded the Silver Award Cup for Outstanding Poetry, by The International Library of Poetry (Washington DC).She studied Business Management and earned a Masters degree from Saint Joseph University (USJ), her thesis was published in the Proche-Orient, Études en Management...
