Offshore distributors voice fears over UAE sales practices

Poor products and lack of adviser education among concerns raised

Structured product sales in Dubai are thriving

Some offshore distributors of structured products are scared for their industry. Not as a result of disappointing sales volumes - on the contrary, the booming market in Dubai alone is worth an estimated £2.5 billion - but because they say relatively relaxed regulation has resulted in a freewheeling atmosphere that has led to some poorly constructed products and sales practices appearing in Dubai and the wider United Arab Emirates (UAE) markets.

The effects have been disappointing, according to C

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