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.
Recruiting more diverse IFAs is key to tapping new markets and growing business, but attracting fresh blood into the industry remains a challenge, industry experts have said.
The UK’s Chartered Institute for Securities & Investment (Cisi) is teaming up with the University of Dubai to offer students internationally recognised financial qualifications.
Bermuda-based Northstar Financial Services has opened an office in the Dubai International Financial Centre (DIFC) and appointed Sanjeev Chowdhury as principal representative.
UK-headquartered AES International, which provides financial advice to expats across the Middle East, has opened a new office in the Dubai International Financial Centre (DIFC) after gaining a licence from the Dubai Financial Services Authority (DFSA).
The Dubai Financial Services Authority (DFSA) plans to tighten rules on the selling and promoting of financial products in the international financial centre, and on the activities of representative offices.
Dubai-based IFA firm Prestige Wealth Solutions (PWS), which advises local expats on their pensions, has teamed up with investment manager Quilter Cheviot to offer its clients a discretionary management service.
The Dubai Health Authority has decided to delay imposing any penalties on individuals and their dependents if they fail to meet a 30 June deadline to sign up for mandatory health insurance cover.
The Dubai International Finance Centre (DIFC) is on course to match its record breaking results of 2015 this year despite the impact of lower oil prices on activity across the Gulf region, according to its chief business development officer, Salmaan Jaffrey.
Walter Jopp has been appointed chief executive of Zurich Global Life, Middle East & Africa, with immediate effect.
The Dubai Financial Services Authority (DFSA) has fined two former bank directors for wilfully breaching the regulator’s anti-money laundering (AML) rules.
