Fund Advisers Europe, a Luxembourg-based advisory firm whose two principals worked for industry giant deVere at earlier points in their careers, is looking to expand into the Gulf, and has hired well-known ex-deVere exec Spencer Lodge to head up its new Dubai office.
The Qatar Financial Centre Authority has appointed Yousef Al-Jaida as chief strategic development officer.
HSBC Bank has informed some customers from countries subject to significant sanctions from the European Union or United States that they will no longer be allowed to use the bank and must transfer out their accounts.
Portable pensions remain the best bet for expats, according to Chris Ferguson, managing director of Guardian Life Management (Dubai).
Turkey and the Qatar Financial Centre (QFC) have the most Islamic finance-friendly tax systems out of eight countries in the MENA region, according to a study sponsored by the QFC.
A quasi-elected council with legislative powers today rejected a plan that would have eased the rules on foreign ownership in the United Arab Emirates.
The UAE's private sector has "benefited greatly" from the country's rapid growth and should do more to employ Emirati citizens, Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE and ruler of Dubai was reported as saying at the region's summit.
Authorities in the UK are probing allegations that Barclays Bank made a loan to the Qatar Investment Authority for it to invest in the bank at the height of the 2008 financial crisis in order to avoid a government bailout, according to a report in the Financial Times.
Gulfmena Investments has announced the resignation of its chief executive and founder Haissam Arabi as it pursues a new strategy, according to a local media report.
Zurich International Life has said it will not accept business from unlicensed third parties via licensed brokers in the United Arab Emirates and has written to its advisory firm partners to inform them of its decision.
The board of the UAE Financial Services Association has been disbanded by co-founder Arwa Hamdieh ahead of elections to select a new board in mid-February.
The Dubai Government has launched an initiative to create an integrated Islamic economy across a wide range of regulated and standardized products and services.
