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UAE launches low-cost insurance initiative for workers

By: Christopher Copper-Ind | 15 Oct 2018

The United Arab Emirates today launched a low-cost insurance system with the aim of ensuring long-term employee protection and pump AED14bn (US$3.8bn) back into the system. As…

Financial crime costs global economy $2.4trn each year

By: Pedro Goncalves | 15 Oct 2018

Over 49% of businesses in Asia-Pacific had been victims of financial crime over the past 12 months according to a report by Refinitiv as financial crime costs…

54% expats confident about building personal wealth in India

By: Pedro Goncalves | 15 Oct 2018

More than half of the expats living in India are confident about building their personal wealth during their stay in the country, a survey has revealed. Lower…

Bahrain’s digital currency exchange Rain eyes GCC launch next year

By: Pedro Goncalves | 11 Oct 2018

A Bahrain-based cryptocurrency exchange is set to expand in the GCC, aiming to secure a full operational licence across the region by 2019. The platform will allow…

Panama shares financial accounts data with 31 countries

By: Pedro Goncalves | 11 Oct 2018

Panama has started sharing client data with tax authorities in dozens of countries in order to meet OECD global fiscal transparency standards and avoid being put on…

Special report: Is Zimbabwe finally on the road to recovery?

By: Yigal Chazan, Head Of Content At Alaco | 10 Oct 2018

Zimbabwe’s new administration prepares to tackle considerable economic problems as most investors and lenders watch and wait to see whether it is up to the challenge. In…

Offshore deals down 10% in the first half of the year

By: Pedro Goncalves | 08 Oct 2018

The Cayman Islands saw more mergers and acquisition transactions than any other offshore jurisdiction in the first half of 2018 as Jersey took the number one spot…

Six jurisdictions remain on EU’s blacklist as Palau improves transparency

By: Pedro Goncalves | 05 Oct 2018

The Pacific island of Palau has been removed from the European Union’s blacklist of tax havens. The decision means only six other jurisdictions remain on the blacklist.…

Pay raises in Asia’s financial sector lag behind

By: Pedro Goncalves | 03 Oct 2018

Salaries in the financial sector have gone up 5.7% across Asia Pacific in what is a bleak rebound of only 0.1% from the previous year. On average,…

Worldwide investment fund assets hit €45trn

By: Pedro Goncalves | 01 Oct 2018

Investment fund assets worldwide increased by 4.4% to €45.65trn by the end of Q2 2018, according to the European Fund and Asset Management Association’s (EFAMA). In its…

HSBC’s new Dubai headquarters signals growth bid in the region

By: Pedro Goncalves | 01 Oct 2018

HSBC has announced the opening of its new headquarters in Downtown Dubai as it looks to grow its market share in the Gulf region. HSBC UAE has…

Kuwait deports 13,000 foreigners in just nine months

By: Pedro Goncalves | 28 Sep 2018

Kuwait has deported 13,000 foreigners since the start of year as the government ramps efforts to reduce the country’s foreign workforce, estimated to make up 70% of…

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