UAE
Middle East | 27 Jul 17
DIFC’s Chris Divito to head up FPI in the Middle East
Chris Divito, the former head of Standard Life in the Middle East and currently working at the DIFC, is to take over from Marcus Gent as managing director of Friends Provident International in Dubai.
S Africa to scrap tax exemption for expats, overseas workers
South Africans living and working in no and low tax jurisdictions will no longer be exempt from paying tax on their overseas earnings from March 2019 under proposals from the country’s Revenue Services (Sars).
UAE ambassador to America linked to Malaysian 1MDB scandal
The UAE ambassador to the US has been caught up in the international scandal involving Malaysian sovereign wealth fund 1MDB, after reports that companies connected to him received millions of dollars allegedly stolen from the fund.
Middle East | 14 Jun 17
Qatar blockade to hit UAE expat businesses
The move by the UAE to join other Gulf nations in cutting ties with Qatar affects travel by expatriate residents between both states and even extends to comments made by individuals on social media.
Middle East | 8 Jun 17
UAE securities regulator re-opens door for fund registrations
Asset managers can now complete the process of registering and promoting funds in the UAE following the release of fresh guidance from the Securities and Commodities Authority (SCA).