UAE
Spate of broker licences sparks hope in UAE
The distribution of new broker licences in the United Arab Emirates (UAE) in the first few weeks of 2016 has raised hopes the industry regulator is poised to further open up the market.
Abu Dhabi’s ADCB launches regionally focused private bank
Abu Dhabi Commercial Bank (ADCB) has launched a new private bank aimed at providing wealthy clients in the Gulf region with sophisticated banking and wealth management services.
Middle East | 10 Feb 16
Dubai FSA sets new rules on property and money market funds
The Dubai Financial Services Authority (DFSA) has made changes to the rules for Collective Investment Funds affecting property and money market funds.
Middle East | 1 Feb 16
UAE Insurance Authority issues licence to Guardian Wealth Mgt
The UAE’s insurance regulator has granted its first brokerage licence in around eight years, to international IFA firm Guardian Wealth Management.
Middle East | 28 Jan 16
Key financial mis-selling case in Dubai nears conclusion
One of the biggest financial mis-selling cases in the Gulf region between a wealthy Kuwaiti family and Switzerland’s Bank J. Safra Sarasin and its authorised subsidiary, Bank Sarasin-Alpen (ME) Ltd which has now ceased operations, is nearing a conclusion following a new DIFC court ruling.