uae brokers face sweeping and punitive
The Emirates Insurance Authority (IA) has published a draft of new laws which will introduce sweeping changes to the regulation of insurance brokers based in the United Arab Emirates.
UAE
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uae trade body doubles membership
A recently established UAE financial services trade association has nearly doubled in size during its first three months, against a backdrop of significant change in the countrys regulatory environment.
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confusion as uaes esca unveils funds rules
Asset managers in the United Arab Emirates said today that they were struggling to get clarity on new regulations covering investment funds that were unveiled at the end of July by the Emirati Security & Commodities Authority.
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uae banks told to hold 10 liabilities in liquid
Banks in the United Arab Emirates have been told they must hold the equivalent of 10% of their liabilities in high quality liquid assets, such as cash, central bank certificates of deposit and UAE government bonds, beginning in January.
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emirates nbd offers gold and luxury cars as
Emirates NBD, one of the leading banks in the UAE, has launched a campaign to encourage customers to save more and is offering 7kgs of gold and luxury cars as an incentive.
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uae finance firms set up cross sector trade body
A group of leading financial institutions in the United Arab Emirates have formed a trade body, the first cross-sector association to be created for the industry in the country.
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globaleye opens uae insurance employee bens
Dubai-headquartered wealth manager Globaleye has opened a general insurance and employee benefits division in the United Arab Emirates.
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pension plan for dubai expats by year end
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.
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most expats living in uae ignorant of culture
More than 70% of expatriates living in the United Arab Emirates admit they know very little or nothing about the country in which they live.
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advisers upbeat on esca regs
The introduction of new fund regulations in the UAE will have a positive impact on the asset management industry, according to 44% of local advisers polled in a recent survey.
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qatar and uae remain frontier markets msci
Index provider MSCI has decided not to upgrade Qatar and the United Arab Emirates from frontier to emerging market status, following an extended review period.
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standard chartd unveils shariah uae offering
Standard Chartered Saadiq, the Islamic arm of Standard Chartered Bank, has launched Shariah-compliant services for individuals and small and medium-sized enterprises in the UAE.