AxiomSL opens Dubai office in Middle East expansion

AxiomSL opens Dubai office in Middle East expansion...

AxiomSL, a firm specialising in regulatory reporting and risk management, has announced it will be opening its first Middle East office in the the Dubai International Financial Centre (DIFC).

Published : 2, Dec 2016
Industry reacts to Middle East clampdown on commissions

Industry reacts to Middle East clampdown on commissions...

Leading figures from the financial services industry in the Middle East give their views on the proposed cap on commission and the prospect of commission disclosure coming to the region.

Published : 1, Dec 2016
Oil spikes after OPEC strikes first deal in 8 years

Oil spikes after OPEC strikes first deal in 8...

The price of Brent crude oil surged above $50 (£40, €47) per barrel as rumours became reality that OPEC members had finally reached an agreement.

Published : 30, Nov 2016
Gulf IFAs face ‘year of reckoning’ as clients turn away

Gulf IFAs face ‘year of reckoning’ as clients...

Financial advisers in the Middle East are finding clients increasingly reluctant to use their services, partly due to growing geopolitical uncertainty but also because of regulatory changes and poor value-for-money products from asset managers and life companies.

Published : 29, Nov 2016
UK financial services to benefit from Middle East uncertainty

UK financial services to benefit from Middle East...

The UK is set to benefit from expats and investors in the Middle East moving their money out of the region amid rising concerns of Saudi Arabian political and economic instability and growing fundamentalism in surrounding states, says Nick Rucker, partner at law firm Irwin Mitchell Private Wealth.

Published : 23, Nov 2016
Game-changing UAE insurance regulation: what does it mean?

Game-changing UAE insurance regulation: what does...

Life and investment product providers, fund managers, and intermediaries need to swiftly absorb what the potentially game-changing regulation for the UAE's life insurance industry means for their business and be ready to provide their feedback before the 30 November cut-off date, say Tom Bicknell, Wayne Jones, and Peter Hodgins of international law firm Clyde & Co.

Published : 22, Nov 2016
UAE insurance regulator to ban indemnity commissions

UAE insurance regulator to ban indemnity commissions...

Indemnity commissions are to be prohibited under new rules proposed by the UAE's Insurance Authority which regulates life insurance companies and family takaful businesses.

Published : 21, Nov 2016
Man Group closes Dubai office, to serve Middle East from UK

Man Group closes Dubai office, to serve Middle...

Man Group, the world's biggest listed hedge fund, plans to close its office in the Dubai International Financial Centre and service its Middle East clients from London.

Published : 18, Nov 2016
Forth Capital's Tracy on why it was time to leave Dubai

Forth Capital's Tracy on why it was time to leave...

Forth Capital founder and chief executive Tom Tracy explains the firm’s departure from Dubai and its plans to pivot towards its most profitable and new markets.

Published : 17, Nov 2016
UAE insurance regulator to clamp down on fees and commissions

UAE insurance regulator to clamp down on fees...

The main life insurance regulator in the UAE has unveiled plans to tackle high fees and hidden commissions across the industry after receiving what it described as “an alarming amount of complaints from policyholders”.

Published : 16, Nov 2016
Aberdeen picks Abu Dhabi for first Middle East office

Aberdeen picks Abu Dhabi for first Middle East...

Aberdeen has become the first international asset manager to open an office in Abu Dhabi Global Market (ADGM), the new international financial centre in the capital of the UAE, after being granted a license by the Financial Services Regulatory Authority (FRSA).

Published : 16, Nov 2016
Praemium sets up int’l pension unit headed by Mark Sanderson

Praemium sets up int’l pension unit headed by...

Former Brooklands Pensions chief operating officer Mark Sanderson is to spearhead the development of Praemium’s retirement business in the Middle East and other key expat markets.

Published : 15, Nov 2016
OMI to close regular savings plans in three key regions

OMI to close regular savings plans in three key...

Old Mutual International has moved to reflect the changing trend towards more flexible products in the offshore market by closing two of its contractual savings plans in three key regions.

Published : 14, Nov 2016
Brooks Macdonald inks first international deal with Dubai IFA

Brooks Macdonald inks first international deal...

Brooks Macdonald, the specialist discretionary fund management provider, has announced its first international strategic alliance, signing a deal with Dubai-based advisers Abacus Financial Consultants.

Published : 14, Nov 2016
Northstar unveils portfolios designed to meet UAE fund rules

Northstar unveils portfolios designed to meet...

Bermuda-based Northstar Financial Services, which recently opened an office in the Dubai International Financial Centre (DIFC), has launched a range of model portfolios specifically designed for the Middle East.

Published : 8, Nov 2016
UAE rules out imposing income tax despite budget deficit

UAE rules out imposing income tax despite budget...

The United Arab Emirates has ruled out the imposition of any income tax on individuals as its seeks alternative sources of revenue to counter the impact of falling oil prices on the government’s budget.

Published : 3, Nov 2016
Saudi Arabia opens real estate fund trading to expats

Saudi Arabia opens real estate fund trading to...

Saudi Arabia’s Capital Market Authority (CMA) board has given the green light to foreigners in the Kingdom to trade Real Estate Investment Trusts (Reits) on the Saudi bourse.

Published : 1, Nov 2016
Pictet sets up new office in the DIFC

Pictet sets up new office in the DIFC

Geneva-based Pictet Asset Management has opened a new office in Dubai’s International Financial Centre (DIFC).

Published : 31, Oct 2016
Senior adviser quits with team of five to join Holborn Assets

Senior adviser quits with team of five to join...

Dubai-based senior wealth manager Nicholas Thompson has left Finsbury Associates and joined rival firm Holborn Assets as one of its senior partners, along with five new advisers.

Published : 31, Oct 2016
New UAE mutual fund rules to come with a sanctions regime

New UAE mutual fund rules to come with a sanctions...

New mutual fund registration rules introduced by the UAE’s Securities and Commodities Authority (SCA) in August, and currently within a six-month implementation grace period, are expected to come with a series of sanctions for breaches of the regime.

Published : 28, Oct 2016

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