Health insurance to cover NRIs hit by covid-19
UAE regulators stipulate free treatment for expats under compulsory insurance cover
UAE
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UAE suspends issuing visas on arrival
Measure comes into effect on 19 March as part of the fight against the spread of covid-19
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UAE advisers target clients on Instagram
As they aim to reach younger groups in need of financial advice
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New regulations force paradigm shift in adviser business plans
Worries that revenue sources will dry up, as 2020 predicted to be the ‘year of consolidation’
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Life and critical illness claims surge in Middle East
With $111m paid out over the last three years, Zurich found
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Nearly 90% of expats in UAE not equipped for retirement
As they intend to work ‘as long as they are able to’ past the state retirement age
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UAE warns of tough action if Pakistani bank violated AML laws
The central bank also separately called on mortgage lenders to halt ‘certain unacceptable practices’
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How will merger of UAE regulators affect advice sector?
Firms ‘would no doubt have to change or replace their current licences which would come at a cost’
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House hunting inheritors in UAE could be left disappointed
Average expected inheritance now stands at just over AED1m
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Cross-border pension AUM jumps $1.1bn in one year
As companies turn to international savings vehicles to serve their expat staff
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UAE bank fined $600k over money laundering risk
The transactions were made over the counter at Abu Dhabi Commercial Bank’s UAE branches
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India and UAE take landmark step to stop expats fleeing debt
Officially making the UAE a reciprocating territory will ease process for a court verdict in India