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Holborn partners with Canaccord to launch discretionary service

By: Gary Robinson | 18 Jun 2018

Holborn Assets has entered into an exclusive strategic partnership with UK asset managers Canaccord Genuity Wealth Management, to launch a new discretionary portfolio service. The Dubai-headquartered global…

Dubai’s Abraaj files for liquidation in Cayman Islands

By: Christopher Copper-Ind | 15 Jun 2018

Abraaj, the largest private equity firm in the Middle East, filed for provisional liquidity yesterday in the Cayman Islands, requesting PwC to act as its liquiditors. In…

China’s former insurance regulator pleads guilty to taking $3m bribes

By: Gary Robinson | 14 Jun 2018

Xiang Junbo, the former head of now defunct China Insurance Regulatory Commission, has admitted to taking $3m in bribes at a court case held in China today. According to various…

Dubai Investment Corporation posts profits of $6.7bn

By: Christopher Copper-Ind | 13 Jun 2018

Investment Corporation of Dubai (ICD), earned a net profit of AED 24.6bn ($6.7bn) over the course of 2017, the company announced yesterday. The DIC’s 2017 net profit…

British regulator presses ahead with ‘Saudi’ listing rule

By: Christopher Copper-Ind | 08 Jun 2018

The Financial Conduct Authority (FCA), the UK’s markets watchdog, will press ahead with a controversial new premium listing next month aimed at attracting companies like state-controlled Saudi…

Abu Dhabi and Hong Kong bolster their fintech collaboration

By: Christopher Copper-Ind | 07 Jun 2018

The Hong Kong Securities and Futures Commission and Abu Dhabi Global Market (ADGM), the international financial centre, have entered into a cooperation agreement to jointly promote and…

Number of professional expats to rise in wake of UAE’s new visa rules

By: Christopher Copper-Ind | 06 Jun 2018

The number of professionals living and working in the United Arab Emirates is set to sharply increase over the next couple of years, while remittances out of…

Special report: Rise of Arab startups offers hope for region’s sluggish economies

By: Yigal Chazan | 04 Jun 2018

New digital businesses, following in the footsteps of western counterparts, are starting to change the Arab world’s economic landscape. Yigal Chazan reports With countries across the MENA…

Bahrain to issue 10-year investor visas, following UAE’s lead

By: Christopher Copper-Ind | 31 May 2018

The government of Bahrain is drafting a new law for issuing self-sponsored residency visas for foreign investors in the Gulf kingdom. Bahrain News Agency reported late on…

Abacus appoints Graham Hughes from Globaleye

By: Christopher Copper-Ind | 24 May 2018

Abacus Financial Consultants, the Dubai-based advisory firm, has announced the appointment of veteran adviser Graham Hughes, a former wealth manager at Globaleye. The appointment, which takes place…

Hong Kong ranked second-most competitive economy after US

By: Christopher Copper-Ind | 24 May 2018

Hong Kong has been ranked as the world’s second most competitive economy by the International Institute for Management Development in its World Competitiveness Yearbook 2018. Hong Kong’s…

UAE reforms intensify Gulf rivalry, herald ‘new dawn’ for economy

By: Christopher Copper-Ind | 24 May 2018

The United Arab Emirates’ decision this week to allow foreigners to fully own their businesses in Dubai or Abu Dhabi, and no longer require local partners, has…

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