Nearly 50% of UAE advisers ‘anxious’ about new rules

Nearly 50% of UAE advisers ‘anxious’ about new...

Almost half of UAE advisers admit to anxiety about new rules that will affect how they operate and say that they “need to change now” to be ready for them, according to a survey into forthcoming regulations conducted by Zurich Middle East.

Published : 17, Oct 2017
Israel tightens up residency rules with 7 conditions

Israel tightens up residency rules with 7 conditions...

The Israeli Tax Authority (ITA) has set out seven conditions for a recent immigrant to be regarded as an Israeli resident for tax purposes as part of a wider move to tighten the rules.

Published : 16, Oct 2017
Dubai's DIFC prepares to implement CRS and reform trust laws

Dubai's DIFC prepares to implement CRS and reform...

The Dubai International Financial Centre is preparing new laws to implement the Common Reporting Standard (CRS), and to reform its rules surrounding trusts and foundations.

Published : 13, Oct 2017
Abu Dhabi opens the door to cryptocurrencies

Abu Dhabi opens the door to cryptocurrencies

Abu Dhabi’s financial regulator has set out its stall as a potential regulated market for crypto currencies and Initial Coin/Token Offerings (ICOs).

Published : 11, Oct 2017
Three ways retirement in UAE will change beyond recognition

Three ways retirement in UAE will change beyond...

Retirement in the sunny UAE looks set to change beyond recognition according to research by Old Mutual International and Quilter Cheviot.

Published : 10, Oct 2017
Globaleye exits Qatar

Globaleye exits Qatar

International financial advisory firm Globaleye has ceased operations in Qatar due to the “ongoing geo-political situation”, the company has told clients.

Published : 4, Oct 2017
Guardian Wealth enters US market

Guardian Wealth enters US market

Guardian Wealth Management has launched its first office in the United States, based in Miami, as part of its global expansion programme.

Holborn Assets in Malaysia push

Holborn Assets in Malaysia push

UAE-based international advice company Holborn Assets has entered the Malaysia market with the acquisition of Kuala Lumpur-based Greenwood Private Wealth Management.

Published : 2, Oct 2017
Saudi eases investment and asset management rules

Saudi eases investment and asset management rules...

Asset management and other investment firms will find it easier to open and operate in Saudi Arabia after the country’s Capital Market Authority (CMA) loosened its licensing rules.

Published : 2, Oct 2017
Saudi Arabia gets a new bankruptcy law

Saudi Arabia gets a new bankruptcy law

Saudi Arabia is planning to follow the United Arab Emirates in introducing a bankruptcy law to help its efforts to boost foreign investment into the oil-dependent economy, according to the Al Arabiya news channel.

Published : 22, Sep 2017
Practices in the UAE financial sector ‘no longer tolerated’

Practices in the UAE financial sector ‘no longer...

Some formerly tolerated business practices in the Middle East’s financial services sector are now subject to clearly set out restrictions, says William Wells, director of Middle East sales at Schroders.

Published : 20, Sep 2017
So, you’re moving to the UAE…

So, you’re moving to the UAE…

People moving to the UAE for the first time have a lot to think about and prepare. As a result, the British Embassy has launched its ‘checking in’ campaign, offering tips and advice on how to settle in quickly and smoothly.

Published : 18, Sep 2017
Massive fraud puts 54 in Abu Dhabi court

Massive fraud puts 54 in Abu Dhabi court

Defence witnesses will take to the stand on Sunday on behalf of 54 men charged with scamming almost 2,000 people in a Ponzi-style investment scheme believed to be the biggest in Abu Dhabi history.

Published : 13, Sep 2017
Advisers in UAE face tougher environment for financial planning

Advisers in UAE face tougher environment for financial...Lock icon

The chief executive of a leading UAE advice firm has warned that increased regulation will reduce the survival prospects for many financial consultancy firms in the Emirates if the obvious warnings from regulators are ignored.

Published : 7, Sep 2017
Saudi Arabia scales back Vision 2030 plan to diversify economy

Saudi Arabia scales back Vision 2030 plan to diversify...

Saudi Arabia is redrafting a series of reforms aimed at boosting the country's non-oil revenue, amid concerns some of the initiatives could negatively impact the economy.

Published : 7, Sep 2017
Zurich names Peter Huber as CEO of international business

Zurich names Peter Huber as CEO of international...

Peter Huber has been appointed chief executive of Zurich International, bringing together as one team the insurer’s international life businesses in the Middle East and Isle of Man and Zurich International Corporate Solutions, including Zurich Eurolife.

Published : 7, Sep 2017
Saudi Arabia opens registration for VAT to top up oil revenue

Saudi Arabia opens registration for VAT to top...

Saudi Arabia has opened registration for the new 5% value added tax (VAT), which begins on 1 January next year as part of a move to diversify its economy away from a reliance on oil revenues.

Published : 4, Sep 2017
Leading advisers predict new UAE rules will cull firms by 50%

Leading advisers predict new UAE rules will cull...

New capital requirements for licensed UAE insurance brokers will amount to a "cull" that could see the number of regulated firms drop by more than half, the heads of two large advisory firms operating in the region have suggested.

Published : 30, Aug 2017
UAE issues new tax law to implement 5% VAT

UAE issues new tax law to implement 5% VAT

The government of the United Arab Emirates has issued a decree paving the way for its new value added tax (VAT) system to be implemented from 1 January 2018, which will cover the financial services sector.

Published : 29, Aug 2017
Hong Kong and Dubai market watchdogs partner on fintech

Hong Kong and Dubai market watchdogs partner on...

Hong Kong and Dubai-based securities watchdogs have penned a cooperation agreement on fintech innovation.

Published : 29, Aug 2017

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