Blacktower eyes DIFC licence
It is in the final stages of receiving regulatory approval
Dubai
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Wealth manager sets up shop in Dubai
It already has offices in Saudi Arabia and Bahrain
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Dubai regulator eyes fixed penalty regime
Maximum fine will be $50,000
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Over 300 wealth and asset managers have offices in the DIFC
Firms based in the Dubai International Financial Centre represent an industry size of $450bn
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Financial services provider sets up UAE office
Company will have an operation located in the Dubai International Financial Centre
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St James’s Place set for UAE licence
Firm has received in-principle approval to open an office in the Dubai International Financial Centre
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Holborn Assets sets up shop in the DIFC
Licence will ‘serve as the platform for our next phase of growth’
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Edmond de Rothschild sets up Dubai office
It has private wealth hubs in a range of European countries including Switzerland and Luxembourg
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UAE watchdog seeks views on family office regulation shake-up
Consultation ends on 24 March 2023
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Financial firms set up in DIFC grow to 590
As the UAE looks to ‘transform Dubai into one of the world’s biggest global financial hubs’
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DIFC overhauls family office regulations
Following the creation of a private wealth centre in August 2022
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