AUGUST 2018

The month that was...

A GOOD ONE FOR...

SICO: Bahrain- based SICO was awarded the first non- UAE licence for a market maker by the Abu Dhabi Securities Exchange ( ADX). The company is the fifth registered market maker in Abu Dhabi after playing the same role on the Bahrain Bourse since 1995. ADX said SICO was already a major participant in UAE markets through Abu Dhabi subsidiary SICO Financial Brokerage.

A BAD ONE FOR...

Farah Hashi: The British tourist was forced to pay a reported Dhs120,000 in fines after speeding in a rented Lamborghini. He was caught by 33 radars driving at speeds of up to 230kph. Despite making the payment, a discount on the Dhs170,000 of penalties accrued on July 31, he is said to still be stuck in Dubai following an additional Dhs50,000 claim for lost revenue from the car rental firm.