Advanced Global Trading, a Dubai-based company selling voluntary carbon credits to retail investors, has been accused of being either a boiler room scam or Ponzi scheme by a website which writes about emissions and deforestation.
The increased wealth of those living in the Gulf Cooperation Council countries, particularly Qatar and the UAE, is drawing in private banks from around the world, according to early findings from an ongoing study.
MSCI is preparing to announce the results of its annual classification review next week which will reveal whether the United Arab Emirates and Qatar will finally be upgraded to emerging market status.
The UK is to set up specialist business centres in Abu Dhabi and Dubai, as part of an effort to help British small- and medium-sized enterprises (SMEs) looking to set up in the United Arab Emirates.
Wealthy Middle East families now have higher expectations for the returns on their investments and are likely to scrutinise their wealth managers far more closely than they did a year ago, a new report finds.
The UAE's new credit bureau is expected to be up and running in July with recruitment to key positions already well underway, according to media reports.
The payment of so-called ‘soft commission’ to advisers in the United Arab Emirates by some asset management companies is causing a headache for larger international asset managers who do not pay additional incentives to advisers.
Emirates NBD, the Dubai-based banking group that is said to be the Gulf’s largest in terms of assets, has unveiled an initiative aimed at giving small- and medium-sized business owners in the UAE “a comprehensive platform” on which to help their businesses to grow.
The average expatriate investor time horizon has increased from five to six years according to Invesco’s just released fourth Middle East Management Study.
Wealth manager and private bank Arbuthnot Latham has opened an office in the Dubai International Finance Centre its first overseas office.
Abu Dhabi may have a new financial centre to rival Dubai’s DIFC before the end of 2013, according to media reports.
Only 10% of non-resident Indians (NRIs) living in the United Arab Emirates have invested in a pension, according to research from Standard Life.
