Middle East
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.
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.
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.
Investment | 13 Apr 15
Infini cut min investment to draw in ME retail market
Dubai-based Infini Asset Management has lowered the minimum investment into its flagship product to $10,000, as it looks to “better engage the retail sector”.