New trust and foundation law draft released to the public by DIFC

The DIFC(Dubai International Financial Centre) has drafted a new Trust and Foundation law with the intention of broadening the operating environment of private wealth management and succession planning platforms within the scope of conventional and sharia law.

OECD expect a positive economic forecast of the growth momentum till 2018

The OECD (Organisation for Economic Co-operation and Development) forecasted on October 9 that the major economies worldwide would continue their growth momentum even in 2018. This conclusion was reached when the IMF and World Bank are having their semi-annual meeting in New York with G20 finance ministers and the Central Bank governors.