Commission de Surveillance du Secteur Financier

So CEDCO Capital, as I said, was established in 2009.

We are licensed by the Saudi Capital Market Authority and also licensed by the CSSF regulator in Luxembourg, where we have our global Sharia and ESG compliant investment investment platform.

And Since our establishment, we have been offering all types of structures, whether they are investment funds, DPMs, SPVs, SPEs, advisory mandates, asset allocation, providing investment solutions to large institutions, and we have been dealing with more than 300,000 clients globally.

especially when it comes to providing open-ended funds or closed-ended funds, listed vehicles, and privately listed vehicles as well.

This is because we have been talking about structures and how we accept clients.

Recently, what we have done, we have done a cross-border vehicles between Saudi and international clients.

We found out that there are Saudi investors who would like to invest outside of the region, and there are international investors who would like to access Saudi investments, and therefore, we have done or we have created and we obtained approval from both the CMA and the CSSF to create feeder funds.

So they work as an exchange for any investor who would like to access any market.

The Luxembourg Ministry of Finance has forwarded information to the public prosecutor following allegations that four Gazprom bank executives evaded EU sanctions against Russia and engaged in insider trading.

Reported by the Financial Times, the claims prompt scrutiny over regulator CSSF for its response, sparking sharp political debate over transparency.

Luxembourg's Family Affairs Committee has debated the latest gender equality report, highlighting progress alongside deep pension gaps.

Minister Yuriko Bakas, however, warned that women taking part-time leave face long-term retirement penalties.

The Luxembourg Ministry of Finance has forwarded information to the public prosecutor following allegations that four Gazprombank executives evaded EU sanctions against Russia and engaged in ins- insider trading.

Reported by the Financial Times, the claims prompt scrutiny over regulator CSSF for its response, sparking sharp political debate over transparency.

In other news, oil prices have jumped, US bond yields have rallied, and equities retreated today as the Federal Reserve looks set to hike interest rates with high inflation and AI concerns dominating market sentiment.

The European Union is set to propose curbing access to social media, video sharing platforms, chatbots, and online games to children under the age of fifteen, according to a draft legal document seen by the AFP.

[upbeat music] The Luxembourg Finance Ministry has passed all available information to the public prosecutor over allegations that four Gazprombank Luxembourg executives circumvented EU sanctions against Russia and engaged in insider trading, as reported by the Financial Times last month.

The Luxembourgish financial regulator, the CSSF, has rejected the accusation as not entirely accurate, but MPs at Monday's Finance Committee meeting, including from the Pirate Party and the Left, questioned the regulator's response, recalling past scandals where similar denials were later reversed.

Fuel prices in Luxembourg are set to rise again in the coming days, government ministries confirmed on Monday, after Brent Crude climbed to $109 a barrel.

Prices at the pump are already at record highs following a recent surge in diesel.