Middle East
Middle East | 13 Sep 17
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.
Zurich names Peter Huber as CEO of international business
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.
Advisers in UAE face tougher environment for financial planning
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.
Middle East | 7 Sep 17
Saudi Arabia scales back Vision 2030 plan to diversify economy
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.
Middle East | 4 Sep 17
Saudi Arabia opens registration for VAT to top up oil revenue
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.