Middle East
Middle East | 5 Jul 17
Expats leaving Saudi must pay new ‘family tax’ upfront
Expats living in Saudi Arabia will have to pay the newly-introduced ‘family tax’ upfront if they want to leave the Kingdom for any reason, the government has confirmed.
UAE ambassador to America linked to Malaysian 1MDB scandal
The UAE ambassador to the US has been caught up in the international scandal involving Malaysian sovereign wealth fund 1MDB, after reports that companies connected to him received millions of dollars allegedly stolen from the fund.
IoM advisory group opens office in the DIFC
Boston Multi Family Office (BMFO), an Isle of Man-based advisory firm with offices in Malta, has opened of an office in the Dubai International Financial Centre (DIFC).
Middle East | 26 Jun 17
Emirates NBD Asset Management making an international push
The asset management arm of Emirates NBD Bank is making a push into the international market now that its Ucits umbrella has hit the all-important three-year mark, senior executive officer Salman Bajwa tells International Adviser.
Middle East | 22 Jun 17
Nearly 2,000 caught up in ‘biggest ever’ Abu Dhabi scam
Almost two thousand people have been caught up in a AED800m (£172m, $218m, €195m) Ponzi-style investment scheme that turned out to be the biggest scam in Abu Dhabi history.