Controversial Blair planning office in Abu Dhabi
Tony Blair is said to be eyeing the possibility of opening an office in Abu Dhabi as he continues to build his business role in the Middle East.
Middle East
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Sovereign funds lift exposure to alternatives
Sovereign investors around the world are increasing the risk level of their funds through exposure to alternative investments and emerging markets, according to Invesco’s second in-depth study on trends in this institutional area.
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Syz Co opens in Dubai International Finance Centre
Swiss banking group Syz & Co. has opened a representative office in the Dubai International Finance Centre.
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invesco builds sales team in middle east
Invesco has named Andrew Downing as regional sales manager for its Middle East team as part of its strategy to increase coverage of the life companies and financial advisers based there.
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Zurich and UAB sign five year insurance agreement
Zurich and United Arab Bank (UAB) have signed a five year general insurance distribution agreement.
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Guardian finds replacement for Ferguson in Dubai
Guardian Wealth Management has appointed Hamza Shalchi as manager of its Dubai office, replacing Chris Ferguson who left last month.
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Nomura Asset Management opens in Dubai
Nomura Asset Management has opened an office in the Dubai International Financial Centre, its first in the Middle East.
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Emirates NBD set to sign bancassurance deal
Emirates NBD Bank is preparing to sign a bancassurance deal with Metlife in the United Arab Emirates, International Adviser understands.
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Jailing of Ex Leeds United MD over financial
Former Leeds United managing director David Haigh may have to stay in a Dubai jail until 23 June over allegations of serious financial mismanagement reaching $5m, in what he describes as a case of forgery and underhand tactics.
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SCA rumoured to be planning fund regulation
An overhaul of the controversial UAE fund regime introduced by the Securities and Commodities Authority last year is on the cards, International Adviser understands.
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Green Crescent gets go-ahead for Axa alliance
Shareholders at Abu Dhabi based Green Crescent Insurance have approved an alliance with Axa and its Middle Eastern partner Kanoo Group.
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Qatar and UAE welcome in emerging market era
The long awaited upgrade of Qatar and UAE to emerging market status took place today, marking the beginning of a potential economic boom for the two regions.