EBC Financial Group (Cayman) Limited Granted Full Regulatory Licence from the Cayman Islands Monetary Authority (CIMA)

EBC Financial Group strengthens its global presence with full CIMA licence, underscoring the group’s commitment to stringent global regulatory standards

EBC Financial Group – CIMA Full Regulatory License

EBC Financial Group has been granted full regulatory license from the Cayman Islands Monetary Authority (CIMA).

HONG KONG, March 28, 2024 (GLOBE NEWSWIRE) — EBC Financial Group (EBC Group or EBC) is pleased to announce that its Cayman Islands subsidiary, EBC Financial Group (Cayman) Limited, has been awarded a full Cayman Islands Monetary Authority (CIMA) licence. This significant achievement marks a major advancement in EBC’s global regulatory portfolio, following its existing accreditations from the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

EBC Financial Group - CIMA Full Regulatory License

Within CIMA’s strict regulatory framework, EBC will offer more comprehensive financial services, including trusts, securities, futures, and funds, specifically catering to retail, professional, high-net-worth individuals and institutional investors.

List of EBC Financial Group Full Regulatory Licenses

A list of authorised and full regulatory licenses from the UK, Australia and Cayman Islands awarded to EBC Financial Group.

The Cayman Islands, recognized as a premier offshore financial centre, gathers 90% of the world’s banks and over 85% of hedge funds. CIMA, the Cayman Islands Monetary Authority, is renowned for its rigorous standards and comprehensive oversight, mirroring the UK’s legal framework. Strict information disclosure, client fund protection, and compliance management requirements ensure the integrity and stability of the financial sector.

Among the Global Elite with Full Licensing
Since its establishment, CIMA has issued only a limited number of full regulatory licences. In the past two years, only four entities have passed the audit. EBC Group stands as one of the very few firms to have secured the coveted full regulatory licence.

EBC Group, having undergone stringent scrutiny, secured a full regulatory licence, granting EBC Financial Group (Cayman) Limited comprehensive permissions in dealing, arranging, managing, and advising, all under CIMA’s strictest regulations, including the Securities Investment Business (SIB) framework. EBC adheres to these requirements, ensuring comprehensive investor fund security.

Before receiving the full regulatory licence from CIMA, EBC held two top global regulatory licences: EBC Financial Group (UK) Ltd is authorized and regulated by the UK’s Financial Conduct Authority (FCA); EBC Financial Group (Australia) Pty Ltd is authorized and regulated by the Australian Securities and Investments Commission (ASIC).

List of EBC Financial Group Full Regulatory Licenses

The full regulatory licence issued by CIMA consolidates EBC’s position as a global top-tier financial group, promotes cross-jurisdictional asset allocation, and provides more comprehensive framework support for expanding global services.

EBC Group holds the highest-level Corporate Banking Account with Barclays, providing equal fund security under different regulatory bodies. Consistent with EBC Financial Group (UK) Limited’s strict adherence to the FCA’s CASS rules, EBC Financial Group (Cayman) Limited rigorously complies with CIMA’s client fund protection regulations. Client funds are independently safeguarded at Barclays UK, enjoying the same AAA-level security protection.

Future Directions:
EBC Group is set to explore new horizons and expand its diversified and innovative services globally. Looking ahead, EBC will adhere to its original intention, strictly abide by CIMA’s high standards, ensure that investors enjoy a compliant trading environment, and thus build a safer regulatory protection mechanism to promote industry trust and information transparency.

For more information on EBC Financial Group, please visit: https://www.ebc.com/.

About EBC Financial Group

Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. With offices strategically located in prominent financial centres, such as Sydney, Hong Kong, Tokyo, Singapore, Bangkok, Limassol and more, EBC caters to a diverse clientele of professional, individual and institutional investors worldwide.

Recognised by multiple awards, EBC prides itself on adhering to the highest levels of ethical standards and international regulation. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Australia) Pty Ltd is regulated by Australia’s Securities and Investments Commission (ASIC), and EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA).

At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

Media Contact:
Douglas Chew
+6011 3196 6887
[email protected]

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‫مجموعة EBC المالية (كايمان) المحدودة تحصل على ترخيص تنظيمي كامل من الهيئة النقدية في جزر كايمان (CIMA)

“تعزيز مجموعة EBC المالية لوجودها العالمي بترخيص كامل من CIMA، مؤكدة التزام المجموعة بالمعايير التنظيمية العالمية الصارمة.”

CIMA مجموعة إي بي سي المالية – ترخيص تنظيمي كامل من
.(CIMA) حصلت مجموعة إي بي سي المالية على ترخيص تنظيمي كامل من الهيئة النقدية في جزر كايمان

HONG KONG, March 28, 2024 (GLOBE NEWSWIRE) — يسر مجموعة EBC المالية (EBC Group أو EBCالمقدمة للخدمات المالية العالمية الرائدة، أن تعلن أن فرعها في جزر كايمان، مجموعة إي بي سي المالية (Cayman) المحدودة، قد حصلت على ترخيص كامل من الهيئة النقدية في جزر كايمان (CIMA). هذا الإنجاز الهام يمثل تقدمًا كبيرًا في محفظة التنظيم العالمية لمجموعة EBC، بعد حصولها على الاعتمادات الحالية من هيئة السلوك المالي في المملكة المتحدة (FCA) وهيئة الأوراق المالية والاستثمارات الأسترالية (ASIC).

CIMA مجموعة إي بي سي المالية - ترخيص تنظيمي كامل من

DIMA, الهيئة النقدية في جزر كايمان، تفرض إطار تنظيمي صارمًا على EBC الذي سيقدم خدمات مالية شاملة أكثر، بما في ذلك الثقات والأوراق المالية والعقود الآجلة والصناديق، بتوجيه خاص للعملاء التجزئة وأصحاب الثروات العالية والمستثمرين المؤسسيين.

قائمة بتراخيص مجموعة إي بي سي المالية التنظيمية الكاملة

قائمة بالتراخيص التنظيمية الكاملة والمعتمدة من المملكة المتحدة وأستراليا وجزر كايمان التي حصلت عليها مجموعة إي بي سي المالية.

جزر كايمان، المعترف بها كمركز مالي بحري رئيسي، تجمع 90% من بنوك العالم وأكثر من 85% من صناديق الاستثمار الجماعي. DIMA، الهيئة النقدية في جزر كايمان، مشهورة بمعاييرها الصارمة والرقابة الشاملة، والتي تعكس الإطار القانوني للمملكة المتحدة. متطلبات الكشف الصارمة للمعلومات وحماية أموال العملاء وإدارة الامتثال تضمن سلامة واستقرار القطاع المالي.

من بين النخبة العالمية بالترخيص الكامل

منذ تأسيسها، أصدرت CIMA عددًا محدودًا فقط من التراخيص التنظيمية الكاملة. في السنتين الماضيتين، مرت أربع كيانات فقط بالتدقيق. تقف مجموعة EBC كواحدة من الشركات القليلة جدًا التي تمكنت من تأمين الترخيص التنظيمي الكامل المرغوب فيه.

بعد أن خضعت لفحص دقيق، حصلت مجموعة EBC على ترخيص تنظيمي كامل، مما يمنح مجموعة إي بي سي المالية (Cayman) المحدودة إذنًا شاملاً في التعامل، والترتيب، والإدارة، والتوجيه، كل ذلك وفقًا لأصعب اللوائح الصادرة عن CIMA، بما في ذلك إطار أعمال الاستثمار في الأوراق المالية (SIB). تلتزم مجموعة EBC بهذه المتطلبات، مما يضمن أمان الاستثمار الشامل للمستثمرين.

قبل الحصول على الترخيص التنظيمي الكامل من CIMA، كانت لدى مجموعة EBC ترخيصان تنظيميان عالميان رائدين: تمتلك EBC Financial Group (UK) Ltd ترخيصًا من هيئة السلوك المالي في المملكة المتحدة (FCA) وتخضع لرقابتها؛ وتمتلك EBC Financial Group (Australia) Pty Ltd ترخيصًا من هيئة الأوراق المالية والاستثمارات الأسترالية (ASIC) وتخضع لرقابتها.

قائمة بتراخيص مجموعة إي بي سي المالية التنظيمية الكاملة

الترخيص التنظيمي الكامل الصادر عن CIMA يعزز موقع مجموعة EBC كمجموعة مالية عالمية من الدرجة الأولى، ويعزز تخصيص الأصول عبر الحدود القانونية، ويوفر دعمًا إطاريًا شاملاً أكثر لتوسيع الخدمات العالمية.

تحمل مجموعة EBC أعلى مستوى للحساب المصرفي الشركي مع باركليز، مما يوفر أمانًا متساويًا للأموال تحت جهات تنظيمية مختلفة. تتماشى مجموعة EBC Financial Group (UK) Limited مع الامتثال الصارم لقواعد CASS التابعة لهيئة السلوك المالي في المملكة المتحدة (FCA)، وتلتزم مجموعة EBC Financial Group (Cayman) Limited بدقة بتعليمات CIMA لحماية أموال العملاء. تُحفظ أموال العملاء بشكل مستقل في باركليز في المملكة المتحدة، وتتمتع بنفس مستوى الحماية الأمنية على مستوى AAA.

الاتجاهات المستقبلية:

من المقرر أن تستكشف مجموعة EBC آفاقًا جديدة وتوسع خدماتها المتنوعة والمبتكرة عالميًا. في المستقبل، ستلتزم EBC بنية الغاية الأصلية، وتلتزم بشكل صارم بالمعايير العالية التي وضعتها CIMA، وتضمن حماية كاملة للمستثمرين، وبالتالي بناء آلية حماية تنظيمية أكثر أمانًا لتعزيز الثقة في الصناعة وشفافية المعلومات.

لمزيد من المعلومات حول مجموعة إي بي سي المالية، يرجى زيارة: https://www.ebc.com/.

حول مجموعة إي بي سي المالية

تأسست في منطقة الأعمال المالية المرموقة في لندن، وتتمتع مجموعة إي بي سي المالية (EBC) بسمعة طيبة بفضل مجموعة شاملة من الخدمات التي تشمل وساطة الأوراق المالية، وإدارة الأصول، وحلول الاستثمار الشاملة. بفروع تقع استراتيجيًا في مراكز مالية بارزة مثل سيدني وهونغ كونغ وطوكيو وسنغافورة وبانكوك وليماسول وغيرها، تلبي EBC احتياجات عملاء متنوعين من المستثمرين المحترفين والأفراد والمؤسسات في جميع أنحاء العالم.

وباعتراف متعدد بالجوائز، تفتخر EBC بالالتزام بأعلى مستويات المعايير الأخلاقية والتنظيم الدولي. تخضع EBC Financial Group (UK) Limited لرقابة هيئة السلوك المالي في المملكة المتحدة (FCA)، وتخضع EBC Financial Group (Australia) Pty Ltd لرقابة هيئة الأوراق المالية والاستثمارات في أستراليا (ASIC)، وتخضع EBC Financial Group (Cayman) Limited لرقابة الهيئة النقدية في جزر كايمان (CIMA).

في قلب مجموعة إي بي سي المالية، يتواجد محترفون ذوو خبرة تزيد عن 30 عامًا في المؤسسات المالية الكبرى، حيث تمر بطريقة ماهرة خلال دورات اقتصادية هامة من اتفاق بلازا إلى أزمة الفرنك السويسري في عام 2015. تدعم EBC ثقافة يتصدرها النزاهة والاحترام وأمان أصول العملاء، مضمنة أن يُعامَل كل تفاعل مع المستثمرين بالجدية القصوى التي يستحقها.

Media Contact
Douglas Chew
601131966887+
[email protected]

الصورة المصاحبة لهذا الإعلان متاحة على

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GlobeNewswire Distribution ID 9080861

‫OKX تنشر تقرير إثبات الاحتياطيات السابع عشر على التوالي، والذي يشير إلى 22.1 مليار دولار أمريكي من الأصول الأساسية

دبي, March 28, 2024 (GLOBE NEWSWIRE) — الإمأعلنت OKX، الشركة العالمية الرائدة في مجال تكنولوجيا Web3 ومنصة تداول العملات الرقمية، اليوم عن إصدار أحدث تقرير لها عن إثبات الاحتياطيات، والذي يظهر حجم احتياطيات بقيمة إجمالية تبلغ 22.1 مليار دولار أمريكي من الأصول الأساسية التي تدعم أموال مستخدمي المنصة.يمثل هذا الشهر السابع عشر على التوالي لإصدار تقارير إثبات الاحتياطيات (PoR) للمنصة، والتي تسلط الضوء على نسب الاحتياطي للأصول الـ 22 الأكثر تداولًا على منصة OKX وهي: BTC، ETH، USDT، USDC، XRP، DOGE، SOL، OKB، APT، DOT، ELF، EOS، ETC، FIL، LINK، LTC، OKT، PEOPLE، TON، TRX، UNI وBCH. وكما هو الحال في التقارير السابقة، يكشف تقرير إثبات الاحتياطيات الشهري السابع عشر الصادر عن OKX عن نسب احتياطي تزيد عن 100% لجميع هذه الأصول، وبالتالي ضمان دعم أموال المستخدمين على أساس 1 إلى 1.

ونسب الاحتياطي الحالية للأصول الأساسية لـ OKX هي كما يلي:

  • BTC: 102%
  • ETH: 104%
  • USDT: 106%
  • USDC: 110%

من جانبه صرَّح “لينكس لاي”، الرئيس التنفيذي التجاري العالمي لشركة OKX، قائلاً: “إن تقرير إثبات الاحتياطيات السابع عشر على التوالي يعزز تحقيق التزامنا المتمثل في بناء الثقة والشفافية في منظومة العملات الرقمية. وفي ظل تسارع وتيرة اعتماد العملات المشفرة عالميًا، نعتقد أن آليات مثل تقارير “إثبات الاحتياطيات”، التي تهدف إلى تعزيز الأمن والشفافية، ستلعب دورًا حاسمًا في تأهيل الموجة القادمة من المستخدمين. وأضاف، نحن في OKX، نظل ملتزمين بتزويد المستخدمين بأدوات موثوقة للتعامل مع الوضع المالي الجديد بكل ثقة.

وتجدر الإشارة إلى أن OKX، منذ بداية برنامجها، قدمت العديد من التحديثات والتحسينات على تقارير “إثبات الاحتياطيات” بناءً على ملاحظات المستخدمين، وحصلت على أعلى تصنيف للجودة بين منصات التداول الرئيسية من قبل خبير تكنولوجيا البلوكشين نايك كارتر.. وفي عام 2023، قامت OKX بدمج تقنية المعرفة الصفرية القابلة للتوسع والوسيطة الشفافة للمعرفة (zk-STARK) في عملية إثبات الاحتياطيات الخاصة بها، وهي تقنية تمكن المستخدمين من التحقق بشكل مستقل من ملاءة المنصة مع ضمان دعم أصولهم من خلال الاحتياطيات، وبما لا يمسّ خصوصية المستخدمين.

ويمكن للمستخدمين استعراض تقارير “إثبات الاحتياطيات” الخاصة بـ OKX هنا.

لمزيد من المعلومات، يُرجى التواصل على:

[email protected]

المزيد عن OKX

OKX هي منصة رائدة عالميًا في مجال تداول العملات الرقمية وشركة متخصصة في تكنولوجيا Web3 المبتكرة. كما أن OKX، التي تحظى بثقة أكثر من 50 مليون مستخدم حول العالم، تشتهر بكونها واحدة من أسرع تطبيقات العملات الرقمية وأكثرها موثوقية في العالم.

كشريك رئيسي لبطل الدوري الإنجليزي الممتاز نادي مانشستر سيتي وماكلارين فورمولا 1 واللاعب الأوليمبي سكوتي جيمس و تهدف OKX إلى تعزيز تجربة المعجبين بفرص مشاركة جديدة. كما أن OKX الشريك الرئيسي لمهرجان تريبيكا السينمائي كجزء من مبادرتها لجذب المزيد من المبدعين إلى عالم الويب 3.

محفظة OKX Wallet هي أحدث عروض المنصة للأشخاص الذين يتطلعون إلى استكشاف عالم العملات الرمزية غير القابلة للاستبدال (NFTs) والميتافيرس أثناء تداول عملات الألعاب المالية GameFi الرمزية والتمويل اللامركزي (DeFi).

وتلتزم OKX بضمان الشفافية والأمان وتنشر تقارير دليل الاحتياطيات بصفة شهرية.

لمعرفة المزيد عن OKX، قم بتنزيل تطبيقنا أو زيارة:okx.com

بيان إخلاء المسئولية

GlobeNewswire Distribution ID 9080726

OKX Publishes 17th Consecutive Proof of Reserves, Highlighting USD22.1 Billion in Primary Assets

DUBAI, United Arab Emirates, March 28, 2024 (GLOBE NEWSWIRE) — OKX, a leading global Web3 technology company and crypto exchange, today announced the release of its latest Proof of Reserves (PoR) report, showcasing a total of USD22.1 billion in primary assets backing user funds.

This marks the 17th consecutive month of the exchange’s Proof of Reserves (PoR) reports, which highlight the reserve ratios of the 22 most frequently traded assets on OKX: BTC, ETH, USDT, USDC, XRP, DOGE, SOL, OKB, APT, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX, UNI and BCH. As with its previous reports, OKX’s 17th PoR reveals reserve ratios of over 100% for all of these assets, ensuring that user funds are backed 1:1.

The current reserve ratios for OKX’s primary assets are as follows:

  • BTC: 102%
  • ETH: 104%
  • USDT: 106%
  • USDC: 110%

OKX Global Chief Commercial Officer Lennix Lai said: “Our 17th consecutive PoR reinforces our commitment to trust-building and transparency in the crypto ecosystem. As global crypto adoption accelerates, we believe mechanisms like PoR, which aim to enhance security and transparency, will play a critical role in onboarding the next wave of users. At OKX, we remain dedicated to providing users with trustworthy tools to navigate the new financial landscape confidently.”

Since the inception of its program, OKX has introduced various updates and improvements to its PoR based on user feedback, garnering the highest quality rating among major exchanges by blockchain expert Nic Carter. In 2023, OKX incorporated the Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) technology into its PoR process, a technology that enables users to independently verify the solvency of the exchange while ensuring the backing of their assets by the reserves, with no compromise on privacy.

Users can view and interact with OKX’s PoR here.

For further information, please contact:
[email protected]

About OKX
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto apps in the world.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1 and Olympian Scotty James, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

GlobeNewswire Distribution ID 3780223

Kabbag: LE 20m to support Al Nas children hospital


Social Solidarity Minister Nevine El Kabbag said a total of EGP20 million has been allocated to back Al Nas charitable hospital for children.

The minister’s remarks came on Thursday during a celebration to mark the 5th anniversary of the establishment of the hospital, with the participation of a host of ministers, senior officials, public figures and media professionals.

The minister lauded great achievements made by the hospital in the past five years to provide citizens with the best medical services.

Source: State Information Service Egypt

HM the King, Commander of the Faithful, Chairs Fourth Religious Lecture of Ramadan 1445 AH

Casablanca – His Majesty King Mohammed VI, Commander of the Faithful, may God assist Him, accompanied by HRH Crown Prince Moulay El Hassan, HRH Prince Moulay Rachid and HH Prince Moulay Ismail, chaired, on Thursday at the Royal Palace in Casablanca, the fourth religious lecture of the holy month of Ramadan 1445 AH.

The lecture was given by El Khammar El Bakkali, member of the Moroccan Council of Ulema for Europe, on the theme “The legal foundations for building modes of human coexistence”.

The speaker first explained that coexistence refers to the bonds formed among all components of society based on benevolence and respect, taking into account the interests of individuals and communities. This notion, he said, is now referred to by the concept of shared citizenship, which requires respect for cultural, religious, and ethnic specificities as essential prerequisites for peace and cooperation.

The coexistence advocated by the wise is one that stems from the shared will to uphold common Islamic values that se
rve all humanity, he emphasized, noting that coexistence revolves around the general interest that narrow personal calculations tend to obscure, either out of ignorance or tyranny.

“Therefore, within the Moroccan Council of Ulema for Europe, we have always considered our first duty to be explaining to Muslims the principles of coexistence in Islam and encouraging them to follow them,” he noted.

Regarding tyranny, including the denial of truth and the avoidance thereof, it is among the great political issues for which humans always seek to find the necessary balance. Since those facing this dilemma seek to establish universal rules of rights, it is beneficial for them to promote mutual understanding among peoples of different religions on this issue, the speaker observed.

In the same vein, he noted that regardless of the differences between the peoples or countries of the world, it is important to manage them by focusing on the commonalities that unite them in all areas, no matter how numerous they may be.
These similarities take into account commonly held beliefs within the circle of freedom, which are sacred in all religions. That is why Islam has prohibited coercion and allowed discussion in the best possible manner, that is, appropriately, in suitable circumstances and with the appropriate interlocutor.

Within this framework, the speaker identified seven legal foundations for constructing aspects of coexistence, namely fraternity, mutual understanding, communication, mutual consideration, tolerance, virtue, and justice.

From this perspective, El Bekkali clarified that the values of coexistence are reflected in the field of international relations through peace and good conduct, as well as in commercial relations between individuals, states, and peoples, and in family relationships. He pointed out that the areas of agreement and cooperation are much broader than those who, out of ignorance of the purposes of Sharia, confine themselves to truncated readings, believe.

He also indicated that while coexistenc
e is required and encompasses vast domains, Muslims must observe a series of prescriptions in this regard so that this value magnified by Islam does not become synonymous with absurdity, perversion, and decay. Among these prescriptions, he noted that coexistence must not harm any of the foundations of faith or any of the rituals imposed by categorical texts.

This coexistence must also not permit what is unlawful or be contrary to the clear texts of Sharia and the unanimous categorical opinions of Muslims at all times and in all places, he said, noting that it must also not be harmful to the Muslim community.

On another note, the speaker highlighted the primordial role of the Moroccan Council of Scholars for Europe, emphasizing the efforts it makes to make Moroccans settled in Europe an example of the values of their religion and the principles of their country, in accordance with the norms and laws in force in their host countries.

The Council, he added, is committed to promoting practical and realistic aw
areness by disseminating common human values and strengthening the religious guidance of the Moroccan community residing abroad, while promoting a good understanding of religion for all age groups, men, and women alike.

The speaker also emphasized the tangible successes of the Council in this area, particularly among the younger generation, who are engaged in memorizing the Holy Quran, understanding Islamic sciences, and promoting religious values. He also emphasized the role of Moroccan mosques in Europe, which not only focus on prayer but also aim to encourage active participation in education and guidance toward good conduct.

El Bekkali also highlighted the Council’s good relations with local authorities, based on cooperation in the service of the general interest and mutual respect, thus offering many necessary benefits to the life and religious practice of members of the Moroccan community. Regarding religious guidance, the speaker stressed the Council’s commitment to promoting authentic Moroccan relig
ious model and establishing cooperative relations with other Muslim communities.

He concluded that the Council also strives to strengthen communication and cooperation with representatives of other religions by organizing intellectual meetings and debates in a framework of mutual respect and collaboration with civil society actors.

At the end of this fourth lecture, His Majesty the King, Commander of the Faithful, was greeted by Prof. Koutoub Sano, Secretary-General of the International Academy of Islamic Jurisprudence (Guinea), Mohamed Koraichi Niass, president of the section of the Mohammed VI Foundation for African Scholars in Senegal, Sheikh Aziz Hasanovic, Grand Mufti of Zagreb and President of the Islamic Community in Croatia, Sheikh Boubacar Doukouré, Honorary President of the section of the Mohammed VI Foundation for African Ulema in Burkina Faso and Advisor to the President of the Republic for Cultural and Islamic Affairs, Mohammed Ridawi Ben Mohamed Ibrahim, President of the Association of Scholar
s of Sri Lanka, and Prof. Amine Safieddine Charif, a scholar from Libya.

The Sovereign was also greeted by Prof. Ismail Ibrahim Kroma, president of the section of the Mohammed VI Foundation for African Scholars in Sierra Leone, Prof. Abdoulhakim Mohamed Chakir, president of the section of the Mohammed VI Foundation for African Scholars in the Comoros Islands, Prof. Tani Abderrahim Chit, president of the section of the Mohammed VI Foundation for African Scholars in Benin, Prof. Issa Ntabola, president of the section of the Mohammed VI Foundation for African Scholars in Burundi, Prof. Mohamed Ilias Maroual, president of the Association of Graduates of Moroccan Universities in Indonesia, and Prof. Salih Ibrahim, president of the section of the Mohammed VI Foundation for African Scholars in Uganda.

At the end of this fourth discourse, the Minister of Endowments and Islamic Affairs, Ahmed Toufiq, presented to His Majesty the King, Commander of the Faithful, may God preserve Him, an electronic support comprising
recordings of the religious discourses delivered before the Sovereign from 1420 AH (1999 AD) to 1444 AH (2023 AD).

Source: Agence Marocaine De Presse

Casablanca Stock Exchange Closes in the Green

Casablanca – The Casablanca Stock Exchange closed trading in the green on Thursday, with its main index, the MASI, gaining 0.04% to 12,986.94 points (pts).

The MASI.20, an index of the 20 most liquid stocks, lost 0.01% to 1,057.32 pts.

Source: Agence Marocaine De Presse

Morocco’s Audiovisual Authority Stresses Citizens’ Right to Safe Content amid Radio Broadcast Controversy

Rabat – The High Authority for Audiovisual Communication (HACA) has called for preserving the citizen’s right to vigilant and safe media content, against the backdrop of the case involving an on-air staging of fictitious crimes and the dissemination of false information during a radio broadcast.

In a public statement released on Thursday, HACA states that it has been monitoring the legal proceedings against citizens involved in a case of fabricating fictitious crimes, insulting a constituted body, and spreading false information during participation in a radio program.

Taking into consideration the principle of presumption of innocence, which holds that any suspect or accused of a crime is presumed innocent until their conviction is confirmed by a judicial decision, HACA recalls certain principles governing radio and television services, particularly regarding their responsibility for preserving citizens’ safety.

These principles, based on both the philosophy and spirit of the Constitution, existing legal
and regulatory provisions, and the cumulative regulatory framework achieved through HACA’s actions, do not in any way infringe upon the editorial freedom of audiovisual operators. They even contribute to the preservation of this freedom, which is the foundation of media practice and the right to information.

In this regard, HACA considers that “the establishment by the legislator of the principle of editorial responsibility of radio and television services and the duty of control over broadcasts is not an end in itself. It is rather a means of preserving the citizen’s right, as listeners and viewers, to access trustworthy, vigilant, and safe media content, which is not contradictory to the principle of freedom of audiovisual communication and the freedom of choice of operators in terms of program style and production.”

HACA constantly ensures the guarantee of honesty and integrity of information and programs, both in terms of editorial content produced and presented by radio and television professionals and
in terms of collecting and broadcasting citizens’ testimonies.

The ultimate goal of the regulator’s action when intervening to prevent misleading the listener/viewer regarding both the accuracy of the information broadcast and the identity and quality of the persons interviewed is to extend the benefit of quality information that adheres to professional ethics.

HACA emphasizes that the principles and self-regulation mechanisms as defined by the specifications of audiovisual operators are not merely “regulatory luxuries.” These principles are an important means, among others, for the consolidation of the regulatory culture.

Therefore, HACA urges all audiovisual operators to redouble their efforts in this area, to promote responsible media practices and to contribute to limiting the impact of certain harmful behaviors inherent in the unregulated digital space, which sometimes have serious repercussions in the real world.

HACA considers that the reminder of the principles and objectives of responsible radio
and television practice is an integral part of its educational mission, which it carries out in complementarity with its regulatory competencies. This mission clearly distinguishes itself from the prerogatives of other institutions and aims to strengthen citizens’ trust in the media.

Source: Agence Marocaine De Presse