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The Investment Commission is witnessing the "collapse" of one of its pillars .. "Dubai" investors worry
Arabic and International Saturday, August 04 2018 at 12: 12 pm (597 views)
The Investment Commission is witnessing the "collapse" of one of its pillars .. "Dubai" investors worry
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Follow-up / Sky Press
There is skepticism among investors as to whether the young financial center of Dubai is able to regain control, while the collapse of Abraaj, a large private sector firm, highlights greater concerns about investment in the region. Dubai worries investors. Was not issued by the Dubai Financial Services Authority, the regulator supreme in Dubai, many of the statements since the start of the spread of allegations of abuse group towers use hundreds of millions of dollars of investors ' money, and within that funds for the Bill & Melinda Gates Foundation and the World Bank, a report by the Wall Street Journal says US . He explained that he had only issued two short statements, confiscated some laptops from the company and was in talks with at least one auditor of the company's auditors.
Investors and executives here say the Authority's reaction has raised concerns about the regulatory environment in Dubai, built from scratch economically by bright skyscrapers more than a decade ago. Dubai was supposed to be an investment sanctuary based on rules and a bright spot in the murky financial world of the Middle East, but concerns about corporate governance and conflict of interest have surfaced. According to Standard & Poor's, the region suffers from a lack of independent managers to serve on corporate boards. Although the headquarters of some companies are located in Dubai, they are legally firms established in offshore sanctuaries such as the Cayman Islands, creating confusion about the laws in litigation. Some lawyers say that even with the city hosting the major regional headquarters of the world's largest banks, it is economically like a small club whose members turn a blind eye to mistakes. "The government and regulatory authorities should increase support to encourage sector development so investors can regain confidence in Dubai," says Tariq Fadlallah, chief executive officer of Nomura Middle East, Asia's regional asset management arm.
http://www.skypressiq.net/2018/8/4/%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%AA%D8%B4%D9%87%D8%AF-%D8%A7%D9%86%D9%87%D9%8A%D8%A7%D8%B1-%D8%A3%D8%AD%D8%AF-%D8%A3%D8%B9%D9%85%D8%AF%D8%AA%D9%87%D8%A7-%D8%AF%D8%A8%D9%8A-%D8%AA%D8%AB%D9%8A%D8%B1-%D9%82%D9%84%D9%82-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%8A%D9%86
Arabic and International Saturday, August 04 2018 at 12: 12 pm (597 views)
The Investment Commission is witnessing the "collapse" of one of its pillars .. "Dubai" investors worryFacebook Telegram Twitter Google Plus Linkedin
Follow-up / Sky Press
There is skepticism among investors as to whether the young financial center of Dubai is able to regain control, while the collapse of Abraaj, a large private sector firm, highlights greater concerns about investment in the region. Dubai worries investors. Was not issued by the Dubai Financial Services Authority, the regulator supreme in Dubai, many of the statements since the start of the spread of allegations of abuse group towers use hundreds of millions of dollars of investors ' money, and within that funds for the Bill & Melinda Gates Foundation and the World Bank, a report by the Wall Street Journal says US . He explained that he had only issued two short statements, confiscated some laptops from the company and was in talks with at least one auditor of the company's auditors.
Investors and executives here say the Authority's reaction has raised concerns about the regulatory environment in Dubai, built from scratch economically by bright skyscrapers more than a decade ago. Dubai was supposed to be an investment sanctuary based on rules and a bright spot in the murky financial world of the Middle East, but concerns about corporate governance and conflict of interest have surfaced. According to Standard & Poor's, the region suffers from a lack of independent managers to serve on corporate boards. Although the headquarters of some companies are located in Dubai, they are legally firms established in offshore sanctuaries such as the Cayman Islands, creating confusion about the laws in litigation. Some lawyers say that even with the city hosting the major regional headquarters of the world's largest banks, it is economically like a small club whose members turn a blind eye to mistakes. "The government and regulatory authorities should increase support to encourage sector development so investors can regain confidence in Dubai," says Tariq Fadlallah, chief executive officer of Nomura Middle East, Asia's regional asset management arm.
http://www.skypressiq.net/2018/8/4/%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%AA%D8%B4%D9%87%D8%AF-%D8%A7%D9%86%D9%87%D9%8A%D8%A7%D8%B1-%D8%A3%D8%AD%D8%AF-%D8%A3%D8%B9%D9%85%D8%AF%D8%AA%D9%87%D8%A7-%D8%AF%D8%A8%D9%8A-%D8%AA%D8%AB%D9%8A%D8%B1-%D9%82%D9%84%D9%82-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%8A%D9%86
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