Middle East | 9 May 16
DIFC begins liquidating Bank Sarasin Alpen in Dubai
The court of the Dubai International Financial Centre (DIFC) has begun is first non-voluntary winding up of a company under its jurisdiction as it enforces a ruling against a private bank which failed to pay a fine in a long-running financial mis-selling case.
Commodities | 9 May 16
WisdomTree launches commodity Ucits ETF on London exchange
ETF and ETP sponsor WisdomTree launched its first broad-based Enhanced Commodity Ucits ETF on the London Stock Exchange on Monday.
Positive developments luring investors back into EM – Pictet
Positive developments such as evidence of an underlying improvement in industrial production and exports in Asia are luring investors back into emerging markets, said Pictet Asset Management’s chief strategist Luca Paolini.
Middle East | 9 May 16
Dubai regulator fines two directors for wilful AML breaches
The Dubai Financial Services Authority (DFSA) has fined two former bank directors for wilfully breaching the regulator’s anti-money laundering (AML) rules.
Tax & Regulation | 9 May 16
Top economists question future of offshore financial centres
The future of offshore financial territories has been called into question by a group of over 300 senior economists, who have written to world leaders claiming they have “no economic justification”.