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Middle East

ADGM issues scam warning for Rothschild Gulf Investment Bank

Middle East | 14 Sep 16

ADGM issues scam warning for Rothschild Gulf Investment Bank

The Financial Services Regulatory Authority (FRSA) has issued an alert relating to claims made by Rothschild Gulf Investment Bank (RGIM) about operating in the Abu Dhabi Global Market (ADGM).

Middle East | 13 Sep 16

Israeli court rejects Fatca lawsuit

Israel’s high court has rejected a lawsuit to block the implementation of America’s foreign account tax compliance act (Fatca) despite claims that it violates the country’s basic law on human dignity and liberty.

Islamic insurer growth limited by overcrowded market

Investment | 7 Sep 16

Islamic insurer growth limited by overcrowded market

Islamic insurance company earnings in Gulf Cooperation Council (GCC) states are relatively weak and unevenly distributed, hampered by an overcrowded market and a focus on low-margin retail products, according to S&P Global Ratings.

New UAE bankruptcy law to ease pressure to flee

Middle East | 6 Sep 16

New UAE bankruptcy law to ease pressure to flee

The United Arab Emirates (UAE) is to get a new bankruptcy law for businesses, including a new regulatory body for financial restructuring, which is designed in part to remove the threat of jail for executives of companies facing financial distress.

DIFC sees 16% rise in business numbers in first half of 2016

Middle East | 2 Sep 16

DIFC sees 16% rise in business numbers in first half of 2016

The Dubai International Financial Centre, an independently regulated free zone in the UAE, has seen strong growth in business tenants and the size of its workforce for the first six months of 2016.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.