emirates nbd opens its first office in china
Emirates NDB, one of the Middle Easts biggest banks,has opened its first office in China in a ceremony that included government officials from China and the UAE.
Middle East
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swiss life intl exits middle east
Swiss Life International has pulled out of the Middle East, closing its representative office in Dubai, as it focuses on operations in Luxembourg and Singapore.
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DIFC posts 6% growth in company numbers in H1 2012
The number of active, registered companies operating in the Dubai International Financial Centre grew by 6% in the first half of 2012, the centre has announced.
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uae insurance reg overhaul met with silence
The publication of proposed new regulation for the insurance industry in the UAE last week has so far been met with a wall of silence from international life offices with a presence there.
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new regs will combat mis selling and raise
New regulations proposed by the Emirates Insurance Authority will go some way to tackling mis-selling and will help raise standards within the broker community, according to Fareed Lufti, secretary general of the Emirates Insurance Association (EIA).
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uae brokers face sweeping and punitive
The Emirates Insurance Authority (IA) has published a draft of new laws which will introduce sweeping changes to the regulation of insurance brokers based in the United Arab Emirates.
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cold calling still rife in uae despite ban
The United Arab Emirates Central Banks ban on cold calling for all its licensed financial services organisations is not working effectively after more than one year in operation, according to Dubai-based financial advisers.
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uae trade body doubles membership
A recently established UAE financial services trade association has nearly doubled in size during its first three months, against a backdrop of significant change in the countrys regulatory environment.
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national bank of abu dhabi launches advisory
The National Bank of Abu Dhabi has launched a bespoke portfolio service and investment advisory division, both open to individual retail investors, institutions and high net worth individuals.
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uae fund rules seen as natural evolutionary
A growing understanding of what the recently-unveiled, proposed regulations aimed at tightening up the oversight of the United Arab Emirates’ funds industry began to emerge on Wednesday, as unofficial English-language translations of the new regs made the rounds of office towers in Dubai, Abu Dhabi and beyond.
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confusion as uaes esca unveils funds rules
Asset managers in the United Arab Emirates said today that they were struggling to get clarity on new regulations covering investment funds that were unveiled at the end of July by the Emirati Security & Commodities Authority.
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real estate transactions in dubai
Land and property transactions in Dubai increased by 21% in the first half of this year compared to the first half of 2011, reaching AED63bn ($17bn, 14bn).