Three ways retirement in UAE will change beyond recognition
Retirement in the sunny UAE looks set to change beyond recognition according to research by Old Mutual International and Quilter Cheviot.
Middle East
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Globaleye exits Qatar
International financial advisory firm Globaleye has ceased operations in Qatar due to the “ongoing geo-political situation”, the company has told clients.
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Guardian Wealth enters US market
Guardian Wealth Management has launched its first office in the United States, based in Miami, as part of its global expansion programme.
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Holborn Assets in Malaysia push
UAE-based international advice company Holborn Assets has entered the Malaysia market with the acquisition of Kuala Lumpur-based Greenwood Private Wealth Management.
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Saudi eases investment and asset management rules
Asset management and other investment firms will find it easier to open and operate in Saudi Arabia after the country’s Capital Market Authority (CMA) loosened its licensing rules.
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Saudi Arabia gets a new bankruptcy law
Saudi Arabia is planning to follow the United Arab Emirates in introducing a bankruptcy law to help its efforts to boost foreign investment into the oil-dependent economy, according to the Al Arabiya news channel.
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Practices in the UAE financial sector ‘no longer tolerated’
Some formerly tolerated business practices in the Middle East’s financial services sector are now subject to clearly set out restrictions, says William Wells, director of Middle East sales at Schroders.
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So, you’re moving to the UAE…
People moving to the UAE for the first time have a lot to think about and prepare. As a result, the British Embassy has launched its ‘checking in’ campaign, offering tips and advice on how to settle in quickly and smoothly.
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Massive fraud puts 54 in Abu Dhabi court
Defence witnesses will take to the stand on Sunday on behalf of 54 men charged with scamming almost 2,000 people in a Ponzi-style investment scheme believed to be the biggest in Abu Dhabi history.
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Zurich names Peter Huber as CEO of international business
Peter Huber has been appointed chief executive of Zurich International, bringing together as one team the insurer’s international life businesses in the Middle East and Isle of Man and Zurich International Corporate Solutions, including Zurich Eurolife.
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Advisers in UAE face tougher environment for financial planning
The chief executive of a leading UAE advice firm has warned that increased regulation will reduce the survival prospects for many financial consultancy firms in the Emirates if the obvious warnings from regulators are ignored.
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Saudi Arabia scales back Vision 2030 plan to diversify economy
Saudi Arabia is redrafting a series of reforms aimed at boosting the country’s non-oil revenue, amid concerns some of the initiatives could negatively impact the economy.