Abu Dhabi Securities Exchange brings out new tick sizes | GulfNews.com

Abu Dhabi Securities Exchange brings out new tick sizes | GulfNews.com:

The Abu Dhabi Securities Exchange (ADX) has launched trading with a new tick size for stocks of companies with a price of less than Dh1. This follows a successful testing of all internal systems, and technical and operational procedures relevant to operating tick sizes.

The new tick sizes consist of five units: Dh0.0001 for shares within the price range of Dh0.10 to 0.99; Dh0.01 for a price range of Dh1 to Dh9.99; Dh0.02 for a price range of Dh10 to Dh49.98; Dh0.05 for shares within Dh50 to Dh99.95, and Dh0.10 for shares at Dh100 and above.

“Introducing the upgrade on the tick size will further enhance the pricing model, as well as strengthen market liquidity by providing greater value to current and future investors,” said Rashed Al Beloushi, chief executive of the ADX.

UAE used Israeli software to spy on Emir: New York Times - The Peninsula Qatar

UAE used Israeli software to spy on Emir: New York Times - The Peninsula Qatar:

The United Arab Emirates (UAE) asked an Israeli spyware company to hack into the phones of the Qatar Amir and a Saudi prince among other political and regional rivals, emails obtained by the New York Times appear to show.

According to a report published on Friday, leaked emails submitted in two lawsuits against the Israel-based NSO Group suggested involvement in illegal spying for clients. 

The two lawsuits were filed in Israel and Cyprus by a Qatari citizen and Mexican journalists and activists who were targeted by the company's spyware programme, Pegasus.