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Authority of Saudi Issue Warnings For Insider Trading

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Authority of Saudi has issued a renewed warning against insider trading, with a legal expert stating the clampdown will increase confidence in the Kingdom’s capital markets.

In a post on their official Twitter account, the Saudi Arabian public prosecutor announced that the regulations are intended to promote transparency in securities trading and that violating the regulations would be punishable.

If a person acquires confidential internal knowledge through a family, business or contractual relationship, according to the authority, this person is prohibited from dealing with this information and trading in the securities of the respective company.
The rule also applies to third parties and the person is not authorized to share or allow confidential information to be shared with others, Saudi Arabia-based legal advisor Rabih Joudi told Arab News that there are rules to protect private information regarding publicly traded companies.
This will raise penal responsibility for those who intentionally or negligently disclose confidential information on a company, even if they do not work in the company and are not bound by contract with the company, but they got such information from a relative or friend who works in the company or is bound by an obligation of confidentiality toward the company,” Joudi said.
“The main criteria is that an average adult knows, or should have known, the importance of such information and that the disclosure of such information will affect the company, its activities, its shares, and securities,” Joudi added.
Joudi said the direction given by the Saudi Prosecutor’s Office will boost the capital markets in the kingdom and “largely suppress the question of trading based on inside information “will suppress to a large extent the issue of trading based on internal information.”
“This development will raise the bar for companies’ boards in relation to governance,” he stated.

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Coronavirus cases UAE today 2355, 1,129 recovered and 5 deaths.

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Coronavirus cases UAE today 2355, 1,129 recovered and 5 deaths.

Total active covid cases in UAE are nearby 63,328. Coronavirus cases UAE today 2355 Covid-19 cases, 1129 recovered and 5 deaths. The covid cases in UAE are still hovering around the 2300 to 3000 mark.

On Saturday, January 29, 2022, the UAE Ministry of Health and Prevention reported Coronavirus cases UAE today 2355, 1129 recovered, and 5 deaths. Total active covid points in UAE grown from 100 to nearby 63,328

Covid cases numbers are arriving on a stable base in UAE. This wave is less severe than the past two, but that doesn’t mean it does not affect the economy. It is still fetching questions in people’s minds about their life. 

Total active covid cases in UAE grown from 100 to nearby 63,328. The number is covid cases is growing, but death numbers are not like last year. Coronavirus cases UAE today 2355 Covid-19 cases, 1129 recovered and 5 deaths. 

The new cases came after 485,322 additional tests in the UAE. The total number of covid cases in UAE on January 29 is near 840,739. At the same time, full recoveries from covid cases stand at 775,172. The death toll now stands at 2,239 in UAE. 

A new variant of the covid Omicron is not a big concern. Many say it is not even a covid virus found in Africa in animals. This virus is not found in any human. Many virologists also said this mutant is not transferred to humans. It is transmitted in animals in Africa. 

European countries are still working on their harshnesses. But one thing is final it has a good amount of transmission ratio like Omicron. Currently, covid cases in hospitals are mainly of Delta variant. 

Get all the latest UAE Market news only on Arab Market news. Your own trust-able news portal which brings all the latest news of UAE, Dubai and world business news.

 

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NZ PM Jacinda Ardern test Covid Positive. She is self-isolated.

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One of the safest places at one time, seeing the most significant covid case. NZ PM Jacinda  Ardern test covid positive. She is currently self-isolated. 

New Zealand delta variant cases, PM press conference on delta variant NZ

New Zealand PM covid positive

Sources say this is happen due to the Auckland trip on January 22, 2022. Whatever it is, NZ PM Jacinda Ardern test covid positive is a big thing as this nation has taken most care of the entire covid time. 

COVID in NZ:

New Zealand’s PM Jacinda Ardern has gone into self-isolation until next Tuesday. She was in close contact with a person who was covid positive. 

The frontage took position on January 22 during a flight to Auckland from the town of Kerikeri. The government said in a statement on Saturday, adding that the result of whole-genome sequencing possible the following day.

It said that that would show if the Omicron variant of coronavirus drove the infection.

NZ PM Ardern Health:

Ardern, who is asymptomatic, is feeling okay, the statement added. According to the health ministry’s directives, next test is on Sunday and she is currently quarantine. The governor-general and her staff members, on board the flight, followed the identical isolation method.

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UAE Weather forecast: Temperatures Drop further in UAE.

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Cool weather in dubai UAE

Fog and Temperatures Drop further in UAE. Further, UAE Weather Forecast says we might see a drop in temperature, and moisture can create a few troubles.

Cool weather in UAE

Cool weather in UAE

Winter is showing its colors in UAE. Next few days will Temperatures Drop further in UAE. We will see more drop in temperature with Fog increasing in many areas of UAE.

Get ready for more colder days in UAE. Forecasts suggest we will see more and more drop-in temperatures. Skies will remain a bit dusty to partly cloudy due to heavy moisture—chilly weather in the early morning and at night. Tourists will enjoy this climate in UAE.

Light to moderate winds over the sea will make the atmosphere beautiful in many areas of the UAE. Seas will be rough to mediate in the Arabian Gulf and little in the Oman Sea.

Yesterday’s forecast was also similar as winter seems to remain for longer time in UAE. It is the best time for the visitors who wants to explore Dubai and other parts of the UAE.

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