Dubai
Middle East | 29 Oct 14
Growth continues for Standard Life in Asia
Inflows into Standard Lifes Asia and emerging markets division jumped by almost 20% during the third quarter, although the company warned regulatory change in Hong Kong and Dubai will impact future new business.
Middle East | 28 Oct 14
First Lux bank in DIFC
Banque Internationale-Luxembourg, has become the first Luxembourg bank to open in the DIFC, backing the grand duchy’s efforts to become the primary centre for Islamic funds outside of the Middle East.
Ex Leeds MD imprisoned in Dubai faces
The ex-managing director of Leeds United currently imprisoned in Dubai has been hit by further allegations of fraud as his previous employer claims to have “sworn witness statements” incriminating him.
Ailing bank sanctioned by Dubai regulator
The Dubai Financial Services Authority (DFSA) has restricted ES Bankers Dubai (ESBD) from taking or paying deposits after its operations were “seriously compromised by a fellow bank.
Middle East | 22 Aug 14
Private bank loses $200m case in DIFC
DIFC-based Bank Sarasin-Alpen has lost a significant case against a wealthy Kuwaiti family, after it was found to have mis-sold investments worth $200m during the 2007/2008 financial crisis, with its CEO singled out for particular criticism.