Emirates NBD Asset Management making an international push

Emirates NBD Asset Management making an international...Lock icon

The asset management arm of Emirates NBD Bank is making a push into the international market now that its Ucits umbrella has hit the all-important three-year mark, senior executive officer Salman Bajwa tells International Adviser.

Published : 26, Jun 2017
Nearly 2,000 caught up in ‘biggest ever’ Abu Dhabi scam

Nearly 2,000 caught up in ‘biggest ever’ Abu Dhabi...

Almost two thousand people have been caught up in a AED800m (£172m, $218m, €195m) Ponzi-style investment scheme that turned out to be the biggest scam in Abu Dhabi history.

Published : 22, Jun 2017
Saudi closes in on emerging market status as royals reshuffle

Saudi closes in on emerging market status as royals...

Saudi Arabia has taken a big step towards being classified as an emerging market after the MSCI added the Gulf state to its watchlist for potential upgrade on Tuesday, with the Saudi royal family making an unprecedented succession change a day later.

Published : 22, Jun 2017
Gulf nations push up interest rates after Fed move

Gulf nations push up interest rates after Fed...

Saudi Arabia and the UAE, along with Qatar, Bahrain and Jordan have raised interest rates in line with this week’s decision by the US central bank to hike its Federal funds rate by 25 basis points to 1.25%.

Published : 16, Jun 2017
Saudi asset manager combines Shariah and ethical strategies

Saudi asset manager combines Shariah and ethical...

Sedco Capital, one of the largest asset managers in Saudi Arabia, has launched an investment strategy that integrates the firm’s Shariah-compliant investment approach with ethical investing.

Published : 15, Jun 2017
Bahrain to lure fintech startups with regulatory sandbox

Bahrain to lure fintech startups with regulatory...

The Central Bank of Bahrain (CBB) is to create a regulatory sandbox so that startups and fintech firms can test their ideas and solutions and strengthen the Gulf state’s position as a regional fintech and financial services hub.

Published : 15, Jun 2017
Qatar blockade to hit UAE expat businesses

Qatar blockade to hit UAE expat businessesLock icon

The move by the UAE to join other Gulf nations in cutting ties with Qatar affects travel by expatriate residents between both states and even extends to comments made by individuals on social media.

Published : 14, Jun 2017
Saudi expat tax to start in July

Saudi expat tax to start in July

Saudi Arabia will levy a new tax on expatriates and their dependents from 1 July 2017 in a bid to boost the Gulf state’s local employment and revenues following persistently weak oil prices.

Published : 12, Jun 2017
UAE securities regulator re-opens door for fund registrations

UAE securities regulator re-opens door for fund...Lock icon

Asset managers can now complete the process of registering and promoting funds in the UAE following the release of fresh guidance from the Securities and Commodities Authority (SCA).

Published : 8, Jun 2017
Guardian’s new client division to tackle industry shortfalls

Guardian’s new client division to tackle industry...

Guardian Wealth Management has launched a new division to focus on client relationship culture after research found that most expats feel the ongoing service they receive from their IFA firms has declined or stopped altogether.

Published : 7, Jun 2017
Dubai regulator sees complaints drop but scams still dominate

Dubai regulator sees complaints drop but scams...

There has been a sharp drop in the number of complaints received by the Dubai Financial Services Authority, which regulates of the DIFC, but most of those it receives still relate to scams.

Published : 7, Jun 2017
Zurich to support UAE advisers adapt to regulatory changes

Zurich to support UAE advisers adapt to regulatory...

Zurich has launched a programme to help financial advisers and intermediaries in the UAE prepare for and implement the upcoming regulatory changes to the country’s life insurance industry.

Published : 6, Jun 2017
IoM and UAE regulators ‘in talks’ over life sector overhaul

IoM and UAE regulators ‘in talks’ over life sector...Lock icon

The Isle of Man Financial Services Authority (IoMFSA) has met with the UAE Insurance Authority to compare notes on pivotal life sector reforms due to be introduced in their respective jurisdictions.

Published : 6, Jun 2017
Globaleye extends hiring spree to add UK tax expert

Globaleye extends hiring spree to add UK tax expert...Lock icon

International advisory firm Globaleye has moved ahead with the rollout of its new-look business model by announcing the appointment of tax expert Gary Wright as head of UK taxation.

Published : 1, Jun 2017
Amundi opens Middle East HQ in the DIFC

Amundi opens Middle East HQ in the DIFC

European asset management giant Amundi has opened a regional office for the Middle East in the Dubai International Financial Centre (DIFC) to service institutional clients across the MENA area.

Published : 25, May 2017
Globaleye names wealth head in bid to up UAE advice standards

Globaleye names wealth head in bid to up UAE advice...

Dubai-headquartered Globaleye has appointed a new head of wealth management to oversee the quality of its advice to clients, raise standards and ensure the company complies with the new rules emerging in the UAE.

Published : 24, May 2017
Abu Dhabi creates will registry for expats

Abu Dhabi creates will registry for expats

Abu Dhabi has created a new register of wills for non-Muslim expats living and working in the UAE, which may allow them to circumvent Sharia law when estate planning.

Published : 24, May 2017
RL360°’s Steve Noon takes up Middle East role

RL360°’s Steve Noon takes up Middle East role

RL360°’s Dubai office has appointed Steve Noon to the role of regional sales manager.

Published : 22, May 2017
UAE unveils crackdown on banks selling insurance policies

UAE unveils crackdown on banks selling insurance...

The UAE Central Bank is cracking down on insurance products sold via banks after receiving a growing number of mis-selling complaints.

Published : 18, May 2017
Ex-Globaleye managing director Scott Balsdon joins Holborn

Ex-Globaleye managing director Scott Balsdon joins...

Scott Balsdon has joined Holborn Assets in Dubai as a non-executive director having left his role as managing director of Globaleye in December 2016 after nine years with the firm.

Published : 17, May 2017

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Nearly 2,000 caught up in ‘biggest ever’ Abu Dhabi scam
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Overseas pension transfers more complex under new FCA rules
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EU’s new tax avoidance law to target Channel Island schemes
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Most expensive global expat cities 2017
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Five Asian and three European cities were among the...

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