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ESCA signs MoU with Isle of Man counterpart
Source: BI-ME , Author: BI-ME staff
Posted: Thu November 29, 2007 12:00 am
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UAE. The Emirates Securities and Commodities Authority (ESCA) and Financial Supervision Commission of Isle of Man, part of the British Isles, signed on Wednesday a memorandum of understanding (MoU) for boosting joint financial cooperation.

The MoU defines areas of cooperation between the two regulators which include exchange of information, regulation of financial disclosure, mitigation of trading risks and securities markets' protection.

The MoU also envisage joint programmes for training and technical assistance.

The MoU is part of ESCA's strategy under which 17 similar agreements were signed other financial markets.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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UAE. Location and quality are driving apartment prices; while average prices decreased, select communities, including Palm Jumeirah and Downtown Burj Dubai, experienced slight increases according to Landmark Advisory's latest quarterly report.