Middle East

Best Practice | 22 Nov 16

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

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.

Companies | 18 Nov 16

Man Group, the world’s biggest listed hedge fund, plans to close its office in the Dubai International Financial Centre and service its Middle East clients from London.

Companies | 17 Nov 16

Forth Capital founder and chief executive Tom Tracy explains the firm’s departure from Dubai and its plans to pivot towards its most profitable and new markets.

Best Practice | 16 Nov 16

The main life insurance regulator in the UAE has unveiled plans to tackle high fees and hidden commissions across the industry after receiving what it described as “an alarming amount of complaints from policyholders”.