Walter Jopp to head Zurich Global Life in the Middle East
Walter Jopp has been appointed chief executive of Zurich Global Life, Middle East & Africa, with immediate effect.
Middle East
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India imposes first CGT on Mauritian inflows in 30 years
The Indian government is set to impose a capital gains tax (CGT) on investments coming from Mauritius in bid to tackle tax evasion.
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Abu Dhabi aiming to be the Middle East’s new fintech hotspot
Abu Dhabi’s Financial Services Regulatory Authority (FSRA) has proposed creating a framework that will allow financial technology (fintech) firms to conduct their activities in a controlled and cost-effective environment.
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RSA partners with Now Health to offer health insurance in UAE
British multinational general insurer RSA Insurance has announced the launch of an international health insurance operation in the United Arab Emirates in partnership with Now Health International.
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DIFC begins liquidating Bank Sarasin Alpen in Dubai
The court of the Dubai International Financial Centre (DIFC) has begun is first non-voluntary winding up of a company under its jurisdiction as it enforces a ruling against a private bank which failed to pay a fine in a long-running financial mis-selling case.
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Dubai regulator fines two directors for wilful AML breaches
The Dubai Financial Services Authority (DFSA) has fined two former bank directors for wilfully breaching the regulator’s anti-money laundering (AML) rules.
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David Howell: Guardian Wealth Management’s accidental adviser
GWM’s David Howell talks about his firm’s expansion plans, alphabet soup, and the unintended consequences of RDR on the UK advice market.
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Holborn Assets managing partner Reg Ormond dies suddenly
Managing partner of Holborn Assets, Reg Ormond, has died at the age of 50 from a sudden heart attack.
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Abu Dhabi signs MoU with Chinese bank regulator
The regulatory body of the Abu Dhabi Global Market (ADGM) signed an MoU with the China Banking Regulatory Commission (CBRC) on 28 April 2016, its first such agreement with an Asian regulator.
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Abu Dhabi Financial Centre to add independent appeals panel
Abu Dhabi’s new international financial centre plans to establish an appeals panel to work alongside its regulatory committee which will be staffed by four senior UK barristers.
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UAE regulator SCA extends scope to cover financial planning
The Securities and Commodities Authority (SCA) in the UAE has amended its regulations to enable licenced advisers to offer clients a full financial planning service, creating a “distinct line” between its remit and that of the Insurance Authority.
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Saudi Arabia unveils reform plan to cut dependence on oil
The government of Saudi Arabia approved a new economic plan on Monday which will see the kingdom emerge as a major global investor and introduce a new visa system to allow expatriates to live in the country for extended periods.