The Securities and Commodities Authority (SCA) in the UAE has circulated a draft set of regulations which will for the first time impose the foreign funds promotion registration fee on mutual funds offered as part of life insurance products.
Liechtenstein has approved a double taxation agreement (DTA) with the United Arab Emirates, as well as Iceland and Andorra.
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.
The deVere Group has announced that it will incorporate its Professional Investment Consultants (PIC) Middle East business into its deVere Acuma operation in the UAE as part of a strategic plan to expand across the region.
Expanding waistlines in the United Arab Emirates are having an impact on the region’s insurance claims, with obesity often a contributing factor in both life insurance and critical illness claims, according to Zurich Insurance Group.
The Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) has signed a memorandum of understanding with Turkey to cooperate and exchange supervisory and enforcement information.
Zurich Global Life and Simplylife, a unit of Abu Dhabi Commercial Bank (ADCB), have announced a five-year cooperation deal to market and distribute protection products through Simplylife’s network in the United Arab Emirates (UAE).
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.
Eshara Capital, the first investment fund managed out of the Abu Dhabi Global Market (ADGM), has launched its first strategy, providing global investors access to UAE and Saudi Arabian equity markets and upcoming IPOs.
Dubai-based advisory firm Prestige Wealth Solutions (PWS) has been granted a broker licence by the UAE’s Insurance Authority (IA), the company has revealed.
British multinational general insurer RSA Insurance has announced the launch of an international health insurance operation in the United Arab Emirates in partnership with Now Health International.
The Dubai Financial Services Authority (DFSA) has fined two former bank directors for wilfully breaching the regulator’s anti-money laundering (AML) rules.
