hsbc reported shutting small business
HSBC has told an undisclosed number of small and medium-sized enterprises in the UAE that they must close their accounts, a Gulf media organisation is reporting today.
Dubai
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friends prov intls thompson moves to uae
Friends Provident International has named David Thompson to succeed the departing Omar Shelbaya as regional sales director for the Middle East and Africa, as it continues to expand its operations in the Gulf.
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emirates nbd unveils rise effort
Emirates NBD, the Dubai-based banking group that is said to be the Gulf’s largest in terms of assets, has unveiled an initiative aimed at giving small- and medium-sized business owners in the UAE “a comprehensive platform” on which to help their businesses to grow.
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standard chartered looks to
Standard Chartered Bank is to use Dubai as a hub to build on growing trade between emerging markets, with plans for more regional expansion in Africa and the Middle East, a top executive at the company has said.
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invesco gulf intermediaries say eurozone
Optimism regarding global economic growth prospects has increased in the last year among Gulf intermediaries, but the Eurozone crisis remains a major concern for global financial markets, according to a poll carried out in Dubai last month by Invesco Asset Management.
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brooklands promotes saker names tailford
Brooklands Pensions, the UK- and Dubai-based pensions administrator, has promoted Bernie Saker to business development director and named Matt Tailford to the new post of business development manager for the Middle East.
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dubai initiative to create regulated islamic econ
The Dubai Government has launched an initiative to create an integrated Islamic economy across a wide range of regulated and standardized products and services.
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report uae to limit expat mortgages
The United Arab Emirates Central Bank plans to limit the size of residential real estate mortgages that expatriates living in the UAE may take out to 50% of the value of the property, according to Gulf media reports, which cite anonymous banking and real estate industry sources.
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coutts opens new uae office in difc
Coutts & Co, the London-based private bank and wealth manager, has opened an office in the Dubai International Financial Centre today, 13 years after it first entered the UAE market in Dubai.
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dubai fsa fires warning over egregious conduct
The Dubai FSA is calling on member companies of the DIFC not to reward their client facing staff excessively, ahead of a planned thematic review of commission and bonus payments in the first half of next year.
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dfsa thematic review reveals some issues but
A thematic review undertaken by the Dubai FSA into client take-on processes and suitability, has revealed a number of issues but the regulator said its findings were largely positive.
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neuberger berman appoints emna head
Neuberger Berman has appointed a new managing director and head of its Middle East and North Africa business as it prepares to open an office in the Dubai International Finance Centre, its first in the Middle East.