Middle East
Middle East | 10 Feb 16
Dubai FSA sets new rules on property and money market funds
The Dubai Financial Services Authority (DFSA) has made changes to the rules for Collective Investment Funds affecting property and money market funds.
Bahrain’s Two Seas Trust rebrands as Elian Middle East
Bahrain trust services provider Two Seas Trust, the first company to be licensed by the Central Bank of Bahrain to provide trust services in the kingdom, has rebranded as Elian Middle East.
Investment | 2 Feb 16
DIFC mis-selling case set to drag on after deadline missed
One of the two defendants involved in a long-running financial mis-selling case in Dubai has failed to comply with a Dubai International Financial Centre (DIFC) court demand to deposit its share of a damages award pending an appeal.
Middle East | 1 Feb 16
UAE Insurance Authority issues licence to Guardian Wealth Mgt
The UAE’s insurance regulator has granted its first brokerage licence in around eight years, to international IFA firm Guardian Wealth Management.
Middle East | 28 Jan 16
Key financial mis-selling case in Dubai nears conclusion
One of the biggest financial mis-selling cases in the Gulf region between a wealthy Kuwaiti family and Switzerland’s Bank J. Safra Sarasin and its authorised subsidiary, Bank Sarasin-Alpen (ME) Ltd which has now ceased operations, is nearing a conclusion following a new DIFC court ruling.