Middle East
Investment | 31 Oct 16
Pictet sets up new office in the DIFC
Geneva-based Pictet Asset Management has opened a new office in Dubai’s International Financial Centre (DIFC).
Best Practice | 31 Oct 16
Senior adviser quits with team of five to join Holborn Assets
Dubai-based senior wealth manager Nicholas Thompson has left Finsbury Associates and joined rival firm Holborn Assets as one of its senior partners, along with five new advisers.
Middle East | 28 Oct 16
New UAE mutual fund rules to come with a sanctions regime
New mutual fund registration rules introduced by the UAE’s Securities and Commodities Authority (SCA) in August, and currently within a six-month implementation grace period, are expected to come with a series of sanctions for breaches of the regime.
Why advisers are shutting up shop in Dubai’s free zone
Rising rents in the Dubai International Finance Centre (DIFC) and the cost of regulatory compliance maybe to blame for the sudden spate of departures from the free zone by three financial service providers.
Middle East | 26 Oct 16
Kuwait rejects a separate insurance regulator
Kuwait’s Ministry of Commerce and Industry has rejected a proposal to establish a separate body to oversee the insurance industry, despite wide-sweeping reforms to sector’s capital adequacy requirements.