Iran war: Staff at hedge fund Millennium weigh swapping Dubai for Jersey Business Hedge fund Millennium is exploring possible ways to settle staff who do not wish to return to Dubai in Jersey, as firms seek tax-favourable alternatives as the Middle Eastern conflict rages. The multi-manager firm, which had over 100 employees based in Dubai before the war broke out just under a month ago, is prepared to [...]
Rocco Forte: Middle East tourism ‘could increase’ after ceasefire Hospitality Tourism volumes to the Middle East could increase after a ceasefire in the region if the US and Israel topple the Iranian regime, Sir Rocco Forte has said as he doubled down on investment plans in the region despite an exodus of visitors. The billionaire hotel magnate, whose eponymous Rocco Forte Hotels is part-owned by [...]
Owner of collapsed lender MFS hit with freezing order Markets The owner of a collapsed shadow bank has been hit with a worldwide freezing order after his firm faced fraud allegations. Paresh Raja, founder of Market Financial Solutions (MFS), has been told by courts in London and Dubai to give details of all his assets worth more than £10,000 and cannot spend more than £5,000 [...]
Brits fleeing Dubai could trigger ‘surprise’ UK tax bills March 16, 2026 British expats returning to the UK from the Middle East over safety concerns as a result of the war in Iran could face “hidden tax costs”. The British expat population in the UAE is among the largest outside the UK, with estimates of 130,000 to 240,000 British nationals living and working in Dubai and Abu [...]
Ed Davey should leave Dubai tax exiles alone March 13, 2026 Ed Davey’s calls for American-style citizenship taxes on British expats in Dubai to pay for their military protection is completely unjustified, argues Charles Amos Last week Ed Davey challenged Keir Starmer to introduce American-style citizenship taxation on Brits who have fled to Dubai, but who now allegedly ask for military protection. His argument is simply [...]
The Capitalist: Lloyds teases wannabe buyers with ‘homebuying tasting menu’ March 12, 2026 Lloyds launches a dining special, private jets welcome puppies on board and City AM takes home gold; catch up on the latest City gossip.
Standard Chartered evacuates Dubai offices amid Iran war March 11, 2026 London-headquartered Standard Chartered has begun to evacuate staff from its offices in Dubai following the latest escalations in the war in the Middle East. The FTSE 100 giant boasts a large presence in the region as part of international expansion efforts across the United Arab Emirates but has now found itself caught in the growing [...]
Dubai’s economic dynamism will help it withstand Iran conflict March 11, 2026 The UAE has attracted businesses and citizens by offering both clarity and tax competitiveness. With a growing, agile economy it may now prove more resilient than Britain to the crisis in its own backyard, says Brandon Lewis Much attention and some mockery has been piled on the plight of British citizens currently under fire in [...]
Why Mexico, Dubai and Italy are the countries to watch in sport in 2026 January 1, 2026 This time last year, City AM asked me to identify three countries for which 2025 would be an important year in sport. My three choices were Saudi Arabia, Morocco and the United States. Judging by recent standards, Saudi Arabia’s year was relatively quiet albeit interspersed with some rowdy moments, notably the Public Investment Fund’s acquisition [...]
Brain drain latest: Brits quitting UK three times faster than thought November 18, 2025 Fears that the UK is in the grips of a ‘brain drain’ escalated on Tuesday after fresh data revealed that than three times as many British nationals left the UK last year than officials previously thought. According to revisions made by the Office for National Statistics (ONS), 257,000 Britons left the UK in 2024, over [...]