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
OMI unveils offshore bond for Middle East and Africa

OMI unveils offshore bond for Middle East and...

Life insurer Old Mutual International (OMI) has launched an offshore bond for advisers in the Middle East and Africa as part of a revamp of its global offshore bond range.

Published : 24, Jul 2017
Thousands of expats race against time as Saudi amnesty closes

Thousands of expats race against time as Saudi...

A Saudi Arabian expat amnesty that allows undocumented workers and residents to leave the country without facing any penalties has prompted a rush as people try to take advantage of the offer before it expires on Monday.

Published : 24, Jul 2017
Exclusive: Praemium back on track as CEO outlines strategy

Exclusive: Praemium back on track as CEO outlines...Lock icon

Following his shock dismissal as Praemium chief executive, Michael Ohanessian launched a successful fightback that saw him not only win back his job but also oust the board that sacked him. Here he talks exclusively to International Adviser about what happened and his plans for the future.

Published : 20, Jul 2017
Credit Suisse in Saudi Arabia private banking push

Credit Suisse in Saudi Arabia private banking...

Credit Suisse has identified Saudi Arabia as a priority for its wealth management business and is on the hunt to recruit more private bankers.

Published : 20, Jul 2017

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Big jump in offshore bond sales at Canada Life International
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