Middle East
Middle East | 24 Oct 16
Abu Dhabi financial centre signs up 160 firms in first year
The Abu Dhabi Global Market (ADGM), the new international financial centre in the capital of the UAE, said it has registered and licensed close to 160 companies from a broad range of industries and sectors in its first year of operations.
Emerging Markets | 19 Oct 16
IMF forecasts economic slowdown in Gulf region this year.
Economic activity across the six nations of the Gulf Cooperation Council (GCC) region is expected to slow sharply this year, according to the latest regional economic outlook from the International Monetary Fund (IMF).
US wealth manager SEI to close Dubai office
US-headquartered SEI is to close its office in the Dubai International Financial Centre next month and will service its Middle East clients from London.
Middle East | 13 Oct 16
New UAE bankruptcy law ‘does not cover’ bounced cheques
Bouncing cheques will remain a criminal offence in the UAE despite indications that the region’s new bankruptcy law would remove the threat of jail, a senior Emirati lawyer has said.
Forth Capital withdraws from UAE, to close DIFC office
Specialist expat financial advisory group Forth Capital has decided to withdraw from the United Arab Emirates (UAE) and close its business in the Dubai International Financial Centre.