The Financial Services Regulatory Authority (FRSA) has issued an alert relating to claims made by Rothschild Gulf Investment Bank (RGIM) about operating in the Abu Dhabi Global Market (ADGM).
Israel’s high court has rejected a lawsuit to block the implementation of America’s foreign account tax compliance act (Fatca) despite claims that it violates the country’s basic law on human dignity and liberty.
Islamic insurance company earnings in Gulf Cooperation Council (GCC) states are relatively weak and unevenly distributed, hampered by an overcrowded market and a focus on low-margin retail products, according to S&P Global Ratings.
The United Arab Emirates (UAE) is to get a new bankruptcy law for businesses, including a new regulatory body for financial restructuring, which is designed in part to remove the threat of jail for executives of companies facing financial distress.
The Dubai International Financial Centre, an independently regulated free zone in the UAE, has seen strong growth in business tenants and the size of its workforce for the first six months of 2016.
Share prices in Qatar have weakened after global index provider FTSE Russell named the 22 Qatari companies that will be included in its Secondary Emerging Market Index, when it upgrades Qatar from ‘Frontier‘ status later this month.
Channel Islands-based financial services group PraxisIFM has acquired fiduciary and accounting company Balmor Management, as the firm looks to grow its presence in the Middle East.
The Securities and Commodities Authority (SCA) in the UAE has circulated a draft set of regulations which will for the first time impose the foreign funds promotion registration fee on mutual funds offered as part of life insurance products.
The Dubai Financial Services Authority (DFSA), which regulates the city’s international financial centre, has signed a cooperation deal with the regulator of the new Abu Dhabi Global Market (ADGM) to help boost supervision across the UAE and the wider Gulf region.
Wealth planning and investment management firm Killik & Co is to close its Dubai office, its only presence outside the UK, at the end of September and service all its global clients from the company’s London headquarters.
Axa and Allianz have seen a boost in profits out of their operations based in Saudi Arabia, according to data published by the Kingdom’s market intelligence firm Argaam.
South Africa’s Financial Services Board (FSB) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) have agreed to collaborate more on regulatory matters and facilitate the exchange of information between the countries.
