another Swiss firm opens in bahrain
Geneva-headquartered Altaira Wealth Management has launched a Bahrain subsidiary, Altaira Middle East BSC.
Middle East
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koster to step down at dfsa
Paul Koster will step down as chief executive of the Dubai Financial Services Authority in September, after nearly four years in the role, the DFSA has announced.
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most expats living in uae ignorant of culture
More than 70% of expatriates living in the United Arab Emirates admit they know very little or nothing about the country in which they live.
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gulf ipos fall 80 in q4 2011
The value of initial public offerings in the Gulf region fell by 79% year-on-year in the last quarter of 2011, according to a PwC report.
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advisers upbeat on esca regs
The introduction of new fund regulations in the UAE will have a positive impact on the asset management industry, according to 44% of local advisers polled in a recent survey.
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80 of uae ifas support expatriate pension
Just over 80% of financial advisers based in the United Arab Emirates support plans to introduce a Gulf Cooperation Council-wide expatriate pension scheme, according to a recent survey.
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merrill lynch wm names five in middle east
Merrill Lynch Wealth Management has named five advisers to look after clients in the Middle East, out of its offices in Dubai and Beirut.
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notz stucki opts for bahrain in me
Notz, Stucki & Cie, a Geneva-based asset management firm with $7.5bn in assets under management, has selected Bahrain as the location for its regional office in the Middle East.
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qatar and luxembourg forge closer ties
The Qatar Financial Centre Authority and Luxembourg for Finance held a joint seminar in Doha yesterday, to explore ways the two countries can work together.
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swiss bank to target expats in uae
A Swiss private bank is reported to be developing a pension scheme specifically designed to manage retirement savings for expatriates working in the United Arab Emirates.
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saudi bourse to permit foreign listings
Saudi Arabia said it will permit foreign companies to list on its stock exchange for the first time, in what is seen as a first step toward opening up its famously-closed investment market to outsiders.
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shariah specialist eiib takes rasmala stake
Shariah investment banking specialist EIIB today formally announced its investment in Rasmala Holdings, a financial services company operating in the Gulf Cooperation Council countries and Egypt.