Guernsey regulator signs MoU with Abu Dhabi

Guernsey regulator signs MoU with Abu Dhabi

The Guernsey Financial Services Commission (GFSC) has signed a memorandum of understanding with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).

Published : 15, Sep 2016
Industry changing rules on UAE funds get official green light

Industry changing rules on UAE funds get official...

New mutual fund charges and regulations that could have a dramatic effect on the number of funds offered on international platforms and within life insurance wrappers have become law in the United Arab Emirates.

ADGM issues scam warning for Rothschild Gulf Investment Bank

ADGM issues scam warning for Rothschild Gulf Investment...

The Financial Services Regulatory Authority (FRSA) has issued an alert relating to claims made by Rothschild Gulf Investment Bank (RGIM) about operating in the Abu Dhabi Global Market (ADGM).

Published : 14, Sep 2016
Israeli court rejects Fatca lawsuit

Israeli court rejects Fatca lawsuit

Israel’s high court has rejected a lawsuit to block the implementation of America’s foreign account tax compliance act (Fatca) despite claims that it violates the country’s basic law on human dignity and liberty.

Published : 13, Sep 2016
Islamic insurer growth limited by overcrowded market

Islamic insurer growth limited by overcrowded...

Islamic insurance company earnings in Gulf Cooperation Council (GCC) states are relatively weak and unevenly distributed, hampered by an overcrowded market and a focus on low-margin retail products, according to S&P Global Ratings.

Published : 7, Sep 2016
New UAE bankruptcy law to ease pressure to flee

New UAE bankruptcy law to ease pressure to flee...

The United Arab Emirates (UAE) is to get a new bankruptcy law for businesses, including a new regulatory body for financial restructuring, which is designed in part to remove the threat of jail for executives of companies facing financial distress.

Published : 6, Sep 2016
DIFC sees 16% rise in business numbers in first half of 2016

DIFC sees 16% rise in business numbers in first...

The Dubai International Financial Centre, an independently regulated free zone in the UAE, has seen strong growth in business tenants and the size of its workforce for the first six months of 2016.

Published : 2, Sep 2016
Qatar shares ease as FTSE Russell emerging market status nears

Qatar shares ease as FTSE Russell emerging market...

Share prices in Qatar have weakened after global index provider FTSE Russell named the 22 Qatari companies that will be included in its Secondary Emerging Market Index, when it upgrades Qatar from ‘Frontier‘ status later this month.

Published : 1, Sep 2016
PraxisIFM boosts Middle East growth with acquisition

PraxisIFM boosts Middle East growth with acquisition...

Channel Islands-based financial services group PraxisIFM has acquired fiduciary and accounting company Balmor Management, as the firm looks to grow its presence in the Middle East.

Published : 30, Aug 2016
UAE plans to impose fund registration fees on life products

UAE plans to impose fund registration fees on...

The Securities and Commodities Authority (SCA) in the UAE has circulated a draft set of regulations which will for the first time impose the foreign funds promotion registration fee on mutual funds offered as part of life insurance products.

Published : 30, Aug 2016
DIFC and Abu Dhabi Global Market regulators sign new accord

DIFC and Abu Dhabi Global Market regulators sign...

The Dubai Financial Services Authority (DFSA), which regulates the city's international financial centre, has signed a cooperation deal with the regulator of the new Abu Dhabi Global Market (ADGM) to help boost supervision across the UAE and the wider Gulf region.

Published : 23, Aug 2016
Killik & Co confirms Dubai office closure

Killik & Co confirms Dubai office closure

Wealth planning and investment management firm Killik & Co is to close its Dubai office, its only presence outside the UK, at the end of September and service all its global clients from the company's London headquarters.

Published : 19, Aug 2016
Axa, Allianz report profits boost in Saudi Arabia

Axa, Allianz report profits boost in Saudi Arabia...

Axa and Allianz have seen a boost in profits out of their operations based in Saudi Arabia, according to data published by the Kingdom’s market intelligence firm Argaam.

Published : 12, Aug 2016
Abu Dhabi and S. Africa regulators sign partnership deal

Abu Dhabi and S. Africa regulators sign partnership...

South Africa’s Financial Services Board (FSB) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) have agreed to collaborate more on regulatory matters and facilitate the exchange of information between the countries.

Published : 9, Aug 2016
Abu Dhabi maintains strong credit rating despite oil slump

Abu Dhabi maintains strong credit rating despite...

Abu Dhabi has maintained its AA/A-1+ sovereign credit rating as oil prices recover from their record low levels.

Published : 8, Aug 2016
Expats in Saudi Arabia to face cap on moving money abroad

Expats in Saudi Arabia to face cap on moving money...

Expats living in Saudi Arabia sending money back to their home countries could face a cap in line with their earnings as the Kingdom looks to tighten rules around personal wealth leaving the country.

Published : 2, Aug 2016
Northstar sets up in the Dubai International Finance Centre

Northstar sets up in the Dubai International Finance...

Bermuda-based Northstar Financial Services has opened an office in the Dubai International Financial Centre (DIFC) and appointed Sanjeev Chowdhury as principal representative.

Published : 25, Jul 2016
DeVere Acuma plans UAE expansion, pulls PIC brand

DeVere Acuma plans UAE expansion, pulls PIC brand...

The deVere Group has announced that it will incorporate its Professional Investment Consultants (PIC) Middle East business into its deVere Acuma operation in the UAE as part of a strategic plan to expand across the region.

Published : 22, Jul 2016
Abu Dhabi Global Market signs closer ties with China

Abu Dhabi Global Market signs closer ties with...

Abu Dhabi’s Financial Services Regulatory Authority (FRSA) has signed two agreements with China to improve collaboration and cooperation.

Published : 18, Jul 2016
Qatar royal family now Deutsche Bank’s biggest shareholder

Qatar royal family now Deutsche Bank’s biggest...

Qatar’s royal family has increased its stake in Deutsche Bank to nearly 10% and recommended a replacement for an open position on the bank’s supervisory board.

Published : 15, Jul 2016
Isle of Man hits out at ‘political’ EU blacklist of tax havens
Isle of Man hits out...

Isle of Man chief minister Allan Bell has questioned...

France, Germany and Italy fighting EU-wide ban on commission
France, Germany and Italy...

France, Germany and Italy are fighting against introducing...

Guernsey regulator fines Louvre Fund and two directors
Guernsey regulator fines...

Guernsey-based Louvre Fund Services and two of its...

International Adviser Best Practice Adviser Awards 2016 results
International Adviser...

The winners in International Adviser’s inaugural Best...

Advisers losing out due to customer experience not price
Advisers losing out due...

Advisers are losing business because they are failing...

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