Middle East
Middle East | 13 May 15
SA stock exchange bolstered by continuing diversification
South Africa’s stock market is being bolstered by an ongoing diversification away from mining into the retail, tourism and hospitality sectors, says a leading figure in the country’s investment management sector.
Middle East | 6 May 15
Clearer regulation key to future Dubai success
A sea change in regulation within the UAE is paving the way to growth for financial services businesses operating in the region, as both advisers and clients become more aware of the opportunities available.
Dubai International Financial Centre posts double-digit growth
Dubai International Financial Centre Investments (DIFCI), the company behind the independent financial hub in United Arab Emirates reported gross profits rose to $181m in 2014 an increase of 23% over the $147m posted in 2013.
DFSA fines Deutsche Bank $8.4m for ‘serious contraventions’
The DIFC branch of Deutsche Bank (DBDIFC) has been fined $8.4m by the Dubai Financial Services Authority (DFSA) for “serious contraventions” in its private wealth management procedures.
Qatar licences first family office advisory firm
FACT Middle East, a specialist family office business, has been granted a licence by the Qatar Financial Centre Authority (QFCA) and is now fully operational in the Persian Gulf state.