UAE
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.
Middle East | 21 Aug 14
Standard Chartered may face legal challenges
Standard Chartered may face legal action in the United Arab Emirates after the New York Department of Financial Services reached an agreement with the bank on Tuesday for it to exit “high-risk client relationships” within certain business lines in its UAE branches.
fgb set up in south korea
FGB, one of the key banks in the UAE, has set up a new representative office in Seoul, South Korea.
Your cut out and keep guide to the changing
From the UAE to Singapore, the asset management industry is witnessing huge regulatory change. Here KPMG provides a concise breakdown of what you need to know.
Middle East | 17 Jun 14
Zurich and UAB sign five year insurance agreement
Zurich and United Arab Bank (UAB) have signed a five year general insurance distribution agreement.