Middle East

Middle East | 28 Jan 16

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.

Life | 28 Jan 16

Specialist long-term savings provider Hansard Global has unveiled an impressive 136% growth rate in new business premiums for the three months to December 2015 over the same quarter in 2014, helped by a large investment from its founder Leonard Polonsky.

Commodities | 27 Jan 16

Sometimes in global financial markets, change can be brutal as the market adjusts to a completely new reality. The second half of 2014 was one of these periods and witnessed the beginning of what would become one of the largest declines in global oil prices on record.

Emerging Markets | 25 Jan 16

Iran-focused asset management and private equity group Griffon Capital has launched Cayman Island-domiciled Griffon Iran Flagship Fund to tap into Iran’s public equity market.

Companies | 25 Jan 16

Bermuda-based Northstar Financial Services has announced plans to begin operating in the Middle East and Africa from a new office in Dubai.