difc makeover to attract more asset managers
The Dubai International Financial Centre (DIFC) is encouraging more asset management firms to domicile funds there.
Middle East
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fpi adds to its Middle East protection plan
Friends Provident International (FPI) has launched a Decreasing Term Assurance (DTA) to form part of its existing International Protector Middle East protection plan.
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moving distribution forward in the uae
Earlier this year, International Adviser online editor Simon Danaher hosted a roundtable with some of the leading figures from the asset management industry in the United Arab Emirates.
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uae given green light to progress to tax
The United Arab Emirates has been granted permission by the Global Forum on Tax Transparency to move on to the second phase of becoming a fully fledged forum member.
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single premium boosts sales at rl
New business jumped by nearly a quarter last year at RL360°, with its single premium business continuing to attract significant inflows.
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brokers warn they will report those not complying
Pressure is mounting on insurance brokers in the UAE as the full scale of the upcoming regulatory requirements become clear and as some brokers warn they will report those firms which do not comply.
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mashreq launches shariah compliant fund
Mashreq has made its flagship Al Islami Tigers Fund shariah compliant, catering to the growing Islamic investment market.
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dubai health authority to begin broker licensing
Insurance brokers in Dubai will shortly be able to apply to participate in the Emirates soon-to-be-commenced mandatory health insurance programme.
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barclays uae sale forces 110000 clients to decide
Barclays has sold its United Arab Emirates arm to Abu Dhabi Islamic Bank (ADIB), forcing 110,000 of its clients to choose whether to switch to Islamic-compliant products.
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zurich intl life launches insurance for
Zurich International Life MEA has launched a first-to-market life insurance proposition for small and medium sized enterprises in the Middle East
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rbs reprimanded by qatar regulatory authority
The Royal Bank of Scotland has been reprimanded by one of the main financial regulators in Qatar for failing to comply with training and competency requirements.
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financial boost expected from dubai expo
UAE residents have identified financial services as one of the sectors most likely to benefit from the Expo 2020 held in Dubai.