Middle East
Islamic fintech makes inroads into Europe
Abu Dhabi Global Market (ADGM) has announced two new partnerships with non-profit associations in London and Zurich aimed at strengthening its position as a global fintech hub for the Middle East.
Licensed companies in Dubai’s financial centre up 6.2% in 1H17
The Dubai International Financial Centre (DIFC) has reported a 6.2% growth in the number of active licensed companies to 1,750 during the first six months of 2017.
Middle East | 3 Aug 17
Abu Dhabi and Kenya forge deal on African fintech
Abu Dhabi Global Market (ADGM) has signed a cooperation agreement with Kenya’s Capital Markets Authority (CMA) for the joint development of projects and initiatives in the fintech field.
Middle East | 3 Aug 17
UAE takes a major step towards introduction of VAT in 2018
The United Arab Emirates has passed a law which paves the way for the introduction of a new 5% value added tax (VAT) on goods and services from 1 January 2018.
Best Practice | 1 Aug 17
UAE regulator ups pressure on advisers over fees and capital
The UAE Insurance Authority has announced plans to tighten capital requirements for licenced brokers and ensure full disclosure of all commissions ahead of its move to restrict upfront fees.