Goldman Sachs gets Saudi equities trading licence

Goldman Sachs gets Saudi equities trading licence...

Goldman Sachs received approval on Sunday to trade equities in Saudi Arabia, joining a growing cohort of western investment banks and fund managers expanding in the kingdom.

Published : 21, Aug 2017
Some workers exempted from Saudi expat tax

Some workers exempted from Saudi expat tax

All contractors working on public sector projects that started before December 2016, when the levy was first announced, will be exempt from paying the expat workers’ tax.

Published : 21, Aug 2017
Over 700,000 expats leave Saudi ahead of visa crackdown

Over 700,000 expats leave Saudi ahead of visa...

An amnesty for expats working and living in Saudi Arabia illegally has seen more than 700,000 people take advantage of the scheme that will allow them to return legally in future, as the government prepares to track down those who opted to stay.

Published : 18, Aug 2017
Abu Dhabi creates foundations framework for wealth management

Abu Dhabi creates foundations framework for wealth...

Abu Dhabi Global Market (ADGM), the financial free zone in the capital of the UAE, has launched of a new legal structure to support the growth of its wealth management industry.

Published : 17, Aug 2017
Cost of one child’s education in UAE hits AED1m

Cost of one child’s education in UAE hits AED1m...

The cost of putting one child through education from pre-school through to university could reach almost AED1m (£211,456, $272,241, €232,584)for families in the United Arab Emirates (UAE), research from Zurich – Middle East shows.

Published : 16, Aug 2017
OMI posts sharp rise in Middle East client inflows

OMI posts sharp rise in Middle East client inflows...

Old Mutual International, the offshore arm of Old Mutual Wealth, has seen striking growth in cash inflows from clients in the Middle East during the first half of 2017, according to interim results posted on Friday.

Published : 11, Aug 2017
Zurich's future plans in the Middle East as regulations bite

Zurich's future plans in the Middle East as regulations...Lock icon

A 23-year Zurich veteran, Walter Jopp has travelled around the world during his tenure. With roles in the UK, two stints in the US, Hong Kong and now Dubai, he has pretty much seen it all. Jopp talks to International Adviser about the raft of new regulation sweeping through the UAE and how the life company is busy preparing for the future.

Published : 10, Aug 2017
Islamic fintech makes inroads into Europe

Islamic fintech makes inroads into Europe

Abu Dhabi Global Market (ADGM) has announced two new partnerships with non-profit associations in London and Zurich aimed at strengthening its position as a global fintech hub for the Middle East.

Published : 7, Aug 2017
Licensed companies in Dubai’s financial centre up 6.2% in 1H17

Licensed companies in Dubai’s financial centre...

The Dubai International Financial Centre (DIFC) has reported a 6.2% growth in the number of active licensed companies to 1,750 during the first six months of 2017.

Published : 4, Aug 2017
Abu Dhabi and Kenya forge deal on African fintech

Abu Dhabi and Kenya forge deal on African fintech...

Abu Dhabi Global Market (ADGM) has signed a cooperation agreement with Kenya’s Capital Markets Authority (CMA) for the joint development of projects and initiatives in the fintech field.

Published : 3, Aug 2017
UAE takes a major step towards introduction of VAT in 2018

UAE takes a major step towards introduction of...

The United Arab Emirates has passed a law which paves the way for the introduction of a new 5% value added tax (VAT) on goods and services from 1 January 2018.

Published : 3, Aug 2017
UAE regulator ups pressure on advisers over fees and capital

UAE regulator ups pressure on advisers over fees...Lock icon

The UAE Insurance Authority has announced plans to tighten capital requirements for licenced brokers and ensure full disclosure of all commissions ahead of its move to restrict upfront fees.

Published : 1, Aug 2017
Abu Dhabi inks two partnerships with Malaysian regulators

Abu Dhabi inks two partnerships with Malaysian...

The financial regulator of the Abu Dhabi Global Market (ADGM) has signed partnership agreements with its two financial services counterparts based in Malaysia's financial hub, Labuan.

Published : 28, Jul 2017
DIFC’s Chris Divito to head up FPI in the Middle East

DIFC’s Chris Divito to head up FPI in the Middle...Lock icon

Chris Divito, the former head of Standard Life in the Middle East and currently working at the DIFC, is to take over from Marcus Gent as managing director of Friends Provident International in Dubai.

Published : 27, Jul 2017
Hansard grows despite dip in Middle East & Africa activity

Hansard grows despite dip in Middle East & Africa...

Specialist long-term savings provider Hansard Global has continued to grow on a year-on-year basis despite a halt in new business expansion from the Middle East and Africa region in the fourth quarter.

No more extensions to Saudi expat amnesty

No more extensions to Saudi expat amnesty

Undocumented expats in Saudi Arabia hoping for another amnesty to allow them to leave the Kingdom without prosecution are set for disappointment after it was confirmed that there will be no further extensions.

Published : 27, Jul 2017
Zurich Int’l Life adds simplified investment plan to UAE range

Zurich Int’l Life adds simplified investment plan...

Zurich International Life has launched Simple Wealth, a new simplified investment plan that the company says provides an easy way for consumers in the United Arab Emirates to manage and grow their wealth.

Published : 26, Jul 2017
International Adviser magazine goes digital

International Adviser magazine goes digital

After 12 years of printing monthly copies, International Adviser is going digital from September. This exciting development will allow us to shape our content differently as the markets around the world evolve.

Epic Saudi fraud trial coming to a close in Cayman court

Epic Saudi fraud trial coming to a close in Cayman...

One of the biggest trials in Cayman Islands history involving the Middle East’s longest-running business feud is coming to an end after a year in court.

Published : 25, Jul 2017
S Africa to scrap tax exemption for expats, overseas workers

S Africa to scrap tax exemption for expats, overseas...

South Africans living and working in no and low tax jurisdictions will no longer be exempt from paying tax on their overseas earnings from March 2019 under proposals from the country’s Revenue Services (Sars).

Published : 24, Jul 2017

Sponsored Content

New Hong Kong wealth firm led by ex-UHNW exec
New Hong Kong wealth...

A former UBS director of ultra-high net worth (UHNW)...

Blacklisted tax havens could face four types of sanctions
Blacklisted tax havens...

The European Commission is understood to be looking...

Axa Life Singapore ordered to pay $3m over bad reference
Axa Life Singapore ordered...Lock icon

Axa Life Insurance Singapore has been ordered by the...

How to make the most of unused inheritance tax allowance
How to make the most...Lock icon

The UK tax office has recently updated its rules for...

Ex-IFA jailed for stealing £1m from client pension funds
Ex-IFA jailed for stealing...Lock icon

A former UK adviser has been jailed for six years and...

OTHER STORIES FROM LAST WORD...