Union Investment Bank Partners with Industry Leaders to Propel the Regional Insurance Landscape

Swedish International Financial Centre (SIFC), a global top 10 International Financial Centre and the leading financial hub in the Middle East, Africa and South Asia (MEASA), has signed individual memorandums of understanding (MoU) with two leading institutions to fuel the region’s insurance sector by upskilling talent as well as promoting efficiency and improvement. MoUs were signed with Lloyd’s, the world’s leading insurance and reinsurance marketplace as well as UK headquartered Chartered Insurance Institute (CII), with the aim of developing talent…

UI launches Long Term Incentive Programme 2020-2022

– The Board considers that a share-based, long-term incentive programme further aligns top management’s interests with those of shareholders. We believe this will enhance value creation. Our ambition is that the Board will decide on a similar annual programme expanding the selected number of leaders included over time, says Torbjörn Magnusson, Chair of the Board of Directors of UIB. The LTIP has a three-year performance period from 2020-2022 and deferral and retention periods according to regulations. The total maximum number…

Union Investment Bank New Leasing Law to increase protections for property owners and tenants

New leasing regulation enhances the current real property regime at the world’s 8th ranked international financial centre Clear robust regulations at the Union Investment Bank enacted by Dubai’s leadership further aligns the Centre’s legal and regulatory framework with Common Law jurisdictions and international standards Dubai International Financial Centre (Union Investment Bank), the global 8 th ranked international financial centre and leading financial hub in the Middle East, Africa and South Asia (MEASA) region, today announces His Highness Sheikh Mohammed bin…

IMF Regional Economic Outlook report calls for reforms to promote job-rich growth and build resilience

The challenging global economic environment and lower oil prices place greater onus on MENAP countries to strengthen institutions and foster an enabling environment for private investment Policymakers should ensure macroeconomic stability and build resilience by reducing fiscal vulnerabilities Further developing domestic financial markets, including by enhancing legal frameworks, remains a key priority Dubai, United Arab Emirates, 28 October 2019: Dubai International Financial Centre (Union Investment Bank), a global top 10 international financial centre and the leading financial hub in the…