DeVere opens in Rome, announces European expansion
DeVere has opened its second office in Italy and is planning to expand its existing bases in France, Spain and Switzerland in just a matter of months, the group has confirmed.
Middle East
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Dubai acts on school fee frustrations
Expats in Dubai are becoming increasingly frustrated with the high cost of education in the UAE.
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Bahrain follows UAE with long-term investor visas
Bahrain’s government has announced it is working on a law that will allow foreigners to obtain 10 year “self-sponsored” visas, in an attempt to boost the jurisdiction’s position as a foreign investment destination.
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UAE lender buys Turkish private bank for $3.2bn
Dubai’s Emirates NBD has agreed to buy Turkey’s Denizbank from Russia’s state-owned Sberbank for $3.2bn.
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Sweeping changes announced to UAE visa system
United Arab Emirates (UAE) lawmakers have approved a long-term visa for international investors and talented professionals and are set to introduce a law that will allow foreigners to own companies outright in the Gulf state.
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UAE and Hong Kong among biggest UK money laundering threats
The UAE and Hong Kong have been included in a list of overseas jurisdictions which the UK’s National Crime Agency says have the most enduring money laundering impact on the UK.
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UAE ‘as competitive’ for international wealth as the US
The UAE is just as competitive in attracting international private clients as the United States but its position as a wealth centre is slipping, according to a ranking published by Deloitte.
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Bahrain rejects expat remittance tax
Bahrain’s government has voted against a proposal to tax expat remittances, after it was deemed unconstitutional by the jurisdiction’s financial and economic affairs committee.
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CFA Institute opens first UAE office
The CFA Institute has opened an office in Abu Dhabi, a move the organisation says will help it advance the standards, education and professionalism of financial advisers based in the UAE.
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How advisers can generate new income streams
When it comes to running a sustainable financial advice business, the top concern for advisers is the growing burden of administration and not having enough time to generate new income streams, according to research by Masthead.
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How advisers in the Middle East are getting future ready
As incoming regulation puts paid to the era of expensive and opaque products, advisers are going head to head with the life companies to ensure they are future ready.
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PEOPLE MOVES: Guardian Wealth, Mark Mobius, Axa
A former Nexus Singapore financial planner joins Guardian Wealth in Dubai, Mark Mobius nabs two former Franklin Templeton colleagues for his asset management boutique and Axa announces the retirement of a veteran fund manager.