UAE
Middle East | 30 Aug 17
Leading advisers predict new UAE rules will cull firms by 50%
New capital requirements for licensed UAE insurance brokers will amount to a “cull” that could see the number of regulated firms drop by more than half, the heads of two large advisory firms operating in the region have suggested.
Cost of one child’s education in UAE hits AED1m
The cost of putting one child through education from pre-school through to university could reach almost AED1m (£211,456, $272,241, €232,584)for families in the United Arab Emirates (UAE), research from Zurich – Middle East shows.
Middle East | 3 Aug 17
Abu Dhabi and Kenya forge deal on African fintech
Abu Dhabi Global Market (ADGM) has signed a cooperation agreement with Kenya’s Capital Markets Authority (CMA) for the joint development of projects and initiatives in the fintech field.
Middle East | 3 Aug 17
UAE takes a major step towards introduction of VAT in 2018
The United Arab Emirates has passed a law which paves the way for the introduction of a new 5% value added tax (VAT) on goods and services from 1 January 2018.
Best Practice | 1 Aug 17
UAE regulator ups pressure on advisers over fees and capital
The UAE Insurance Authority has announced plans to tighten capital requirements for licenced brokers and ensure full disclosure of all commissions ahead of its move to restrict upfront fees.