Conflict drives investors towards
The UAE’s perceived status as a ‘safe haven’ has seen its private capital increase by nearly 30% this year, as investors relocate assets en masse in a bid to shelter themselves from global turmoil.
Middle East
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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.
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Record numbers sign up for annual ME
Insight Discovery said this years Middle East Investment Panorama study has attracted a record number of partners, proving interest in the region continues to grow.
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Licensed providers and brokers named
The UAE Insurance Authority has published, for the first time, a full list of companies it has licensed to conduct insurance business in the country.
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Thousands of Standard Chartered UAE accounts
Small and medium enterprise customers in the UAE have been told by Standard Chartered that their accounts are in the process of being closed.
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Former IFS Qatar chief fined but contests
A former chief executive of International Financial Services in Qatar fined and banned by authorities in the country, has hit back at the regulators prejudiced and inaccurate portrayal of his misconduct.
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Qatar Investment Fund share price jump
The Qatar Investment Fund (QIF) saw its share price rise by over a quarter last year, in line with strong growth in Qatar's GDP.
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Pressure on gcc employers to outsouce
A third of companies in the Gulf Cooperation Council are considering outsourcing all of their end of service benefit arrangements, according to a survey by SEI Investments.
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Ashmore steps up operations in the Gulf
Ashmore appears to be stepping up its activity in the Middle East, with the appointment of its former Turkey chief executive to lead its efforts in Saudi Arabia.
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UAE developer dealt legal blow as it
Legal services company, Judicare Group, has secured a landmark ruling in the UAE against a property developer which failed to construct a residential development, despite taking more than £50m from at least 700 investors worldwide.
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Mirabaud adds to Middle East team
Mirabaud Asset Management has hired Majid Hassan as head of business development for the Middle East.
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Research reveals full number of regulated UAE
Research house Insight Discovery has begun to map out the number of regulated advisory firms operating across the Gulf Cooperation Council (GCC) countries.