Global fund firms fret over UAE fee structure

By contrast, local asset management firms, which focus on investing within the Gulf, have struggled to attract investor interest and stay afloat since the 2008 financial crisis.


Habas bond trustee seeks liquidation

The petition to the court was made after the UK's Duet Asset Management withdrew from the debt settlement reached with Habas's bondholders.


Dubai regulator hands $50k fine to local bank

According to the DFSA, UIB did not maintain adequate systems and controls and had corporate governance deficiencies which prevented it from acting the best interests of the company.


Duet Fund fails to complete Habas deal

Habas Investments is collapsing and the company's CEO Hertzel Habas notified the Tel Aviv Stock Exchange this morning that that the closing date of September 6 for completing the Duet deal has passed with no deal done.