Rich families from the middle east often bank their money in places like Switzerland or Singapore, much to the dismay of wealth managers based in the region, who would prefer to manage that cash locally.
Rich Middle Eastern families have long booked their investments abroad. Wealth managers in the UAE want to bring the money home – and they have regulators on their side. Indrajit Basu reports.
Changes in financial technology have been transformativE – but historically, fintech has been more of an ambition than a reality in the Gulf. That could soon change, says David Parker of the Bahrain Economic Development Board.
Global market volatility and compliance with ever-changing international regulations are among the main reasons investors are demanding up-to-date data from their investment managers.
Post-brexit, increasing the powers of European watchdogs to police cross-border finance may threaten the asset management industry’s current distribution system. Mark Latham investigates the proposals.
As asset managers face further pressure to carry out checks that used to be left to banks, Know-your-customer processes are industrialising. By Fiona Rintoul.
The Qatar Financial Centre Authority has appointed Haitham Al-Salama to the newly created role of chief economic adviser, tasked with developing the centre's economic strategy.
The National Bank of Abu Dhabi (NBAD) says it will become the largest bank in its region by merging with First Gulf Bank in the first quarter of next year.
The Saudi Arabian regulator has approved shifting the settlement cycle for listed shares from T+0 to T+2 in the second half of 2017, a change that would bring the country into line with most
In 2015, sharia-compliant funds suffered their worst sales in four years. Some blame a lack of innovation for the poor growth of the sector. Sharmila Devi reports.
In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...
Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.
Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.
Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.
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November 2018
FundTech 2018