Grant Thornton UAE’s latest insights reveal how asset managers in the UAE and GCC can move beyond compliance and use data as a growth engine. The article outlines three key strategies: building a single, trusted data environment, applying AI to drive revenue, and personalising the investor experience. With a focus on local market drivers such as regulatory change and high mobile adoption, GTUAE experts explain how firms can optimise existing systems, upskill teams, and deliver better outcomes for clients.
In 2023, the International Sustainability Standards Board (ISSB) issued its first two international IFRS Sustainability Disclosure Standards (IFRS SDS), IFRS S1 ‘General Requirements for Disclosure of Sustainability-related Financial Information’ and IFRS S2 ‘Climate-related Disclosures’.
Our strategic union marks a new chapter, as we now stand alongside New York, widely regarded as the asset management capital of the Western hemisphere; Cayman Islands, the funds capital of North America; Ireland, Switzerland, and Luxembourg, all funds capitals in Europe; the Channel Islands, the offshore financial services hub of Europe; and the Netherlands and Liechtenstein—both key financial centres in their own right. Read the full article to learn more:
The amendments emphasise the need for public joint stock companies to establish comprehensive internal control and risk management systems that align with global standards, particularly the COSO framework, tailored to their size, nature, and operational complexity. To learn more on what steps to take for compliance, read our report:
The Central Bank of the UAE (CBUAE) has launched the Standard Re. Shari’ah Compliance Function (SCF) to enhance the Islamic Finance regulatory framework. This standard sets clear expectations for Shari’ah compliance, including establishing an independent function, differentiating roles, and creating an annual compliance plan.
As economic development continues to be a key pillar in the UAE’s journey, regulatory authorities are constantly introducing new robust measures to the market for the purpose of maintaining financial stability and fostering growth.