Middle East
Commodities | 30 Nov 16
Oil spikes after OPEC strikes first deal in 8 years
The price of Brent crude oil surged above $50 (£40, €47) per barrel as rumours became reality that OPEC members had finally reached an agreement.
Middle East | 29 Nov 16
Gulf IFAs face ‘year of reckoning’ as clients turn away
Financial advisers in the Middle East are finding clients increasingly reluctant to use their services, partly due to growing geopolitical uncertainty but also because of regulatory changes and poor value-for-money products from asset managers and life companies.
Investment | 23 Nov 16
UK financial services to benefit from Middle East uncertainty
The UK is set to benefit from expats and investors in the Middle East moving their money out of the region amid rising concerns of Saudi Arabian political and economic instability and growing fundamentalism in surrounding states, says Nick Rucker, partner at law firm Irwin Mitchell Private Wealth.
Best Practice | 22 Nov 16
Game-changing UAE insurance regulation: what does it mean?
Life and investment product providers, fund managers, and intermediaries need to swiftly absorb what the potentially game-changing regulation for the UAE’s life insurance industry means for their business and be ready to provide their feedback before the 30 November cut-off date, say Tom Bicknell, Wayne Jones, and Peter Hodgins of international law firm Clyde & Co.
Middle East | 21 Nov 16
UAE insurance regulator to ban indemnity commissions
Indemnity commissions are to be prohibited under new rules proposed by the UAE’s Insurance Authority which regulates life insurance companies and family takaful businesses.