Middle East
Globaleye exits Hong Kong, sells out to Holborn
Holborn Assets has acquired Globaleye Hong Kong, in a move that sees the Dubai-headquartered advice firm exit the special administrative region.
PEOPLE MOVES: St James’s Place, Jupiter and Credit Suisse
St James’s Place has made two senior hires from The Fry Group in Singapore, Jupiter Asset Management has parted ways with its head of UK retail and Credit Suisse has boosted its Asia investment team.
Saudi expat tax rumours not true, confirms ministry
Saudi Arabia’s Ministry of Labor and Social Development has categorically denied a rumour that expat workers in the kingdom will be hit with a 10% tax on their monthly salaries.
Best Practice | 4 Jan 18
UAE advisers taking cautious approach to VAT
Financial advisory firms operating in the UAE say while they still have questions about how the government’s new Value Added Tax (VAT) impacts the financial sector, it is better to be safe than sorry and assume it applicable to the services they provide.
Nigel Green’s investor advice for 2018
Inflation rates rising, the Chinese economy slowing and the US pushing back against free trade agreements are all real possibilities investors must “carefully monitor” in 2018, according to deVere Group chief executive Nigel Green.