The Dubai Financial Services Authority (DFSA) has warned the UAEs financial services industry and members of the public not to be taken in by an email scam which it said impersonated the head of Dubais Financial Centre.
Dubai is planning to go ahead with an “ambitious” pension fund for expatriates before the end of the year, a Gulf news website is reporting.
The deVere Group has agreed a strategic alliance with Dubai-based ECS Insurance Brokers LLC that it says will lead to a full ownership by deVere, according to a statement issued yesterday by the global financial advisory firm.
Banking giant BNP Paribas, which runs its regional Middle East business from Bahrain Financial Harbour, has opened two offices in Dubai, prompting speculation that it is seeking to mitigate risks related to ongoing political unrest in Manama, the Bahraini capital.
Paul Koster will step down as chief executive of the Dubai Financial Services Authority in September, after nearly four years in the role, the DFSA has announced.
Merrill Lynch Wealth Management has named five advisers to look after clients in the Middle East, out of its offices in Dubai and Beirut.
The Isle of Man and Dubai have signed a memorandum of understanding, designed to strengthen business, economic and trade relations between the two countries.
The Dubai Financial Services Authority has issued a warning on false, misleading and deceptive statements made in relation to DIFC Investment Bank.
International law firm Clyde & Co has made two appointments at its offices in the Middle East.
The proposed pension scheme for expatriates in the United Arab Emirates will not be subsidised or guaranteed at a government level, according to an economic adviser at the Dubai Department of Economic Development.
Brookfield Asset Management and the investment arm of the government of Dubai have combined to launch their first Dubai-dedicated real estate fund.
Merrill Lynch Wealth Management has bolstered its Middle East business with the appointments of three financial advisers.
