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DIFC pioneers new initiatives to support influx of wealthDubai International Financial Centre (DIFC), driven by an influx of hedge fund spinouts, fund platforms and boutique asset management firms, is opening a first-of-its-kind environment in the first quarter of 2025. More… |
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Global wealth growth back at 4.2% offsetting 2022 slumpPeople around the world are getting progressively wealthier – and that doesn’t just apply to those who already own great wealth. Upward wealth mobility is expected to become more pronounced by 2030 and, further out, signs of a hori More… |
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UAE needs to keep ‘attracting millionaire investors’The UAE's growing role as a global financial centre will only be boosted by its ability to keep attracting the world’s wealthiest millionaire investors, said Ben Laidler, Global Markets Strategist at eToro. More… |
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DIFC fortifies position as preferred global hub for WAM firmsDubai International Financial Centre (DIFC), a leading global financial hub, has reinforced its position as the largest and preferred hub for wealth and asset management (WAM) companies and hedge funds. The tot More… |
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Saudi Arabia’s mineral wealth to top $2.5trnSaudi Arabia's abundant mineral wealth, estimated at SR9.4 trillion ($2.5 trillion), presents a crucial opportunity to expand non-oil revenue streams alongside the oil and petrochemical industries. To accel More… |
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Burgan Bank expands private banking, wealth managementBurgan Bank says the Central Markets Authority (CMA) has granted it several new licences that allow the bank to offer its high-net-worth individuals (HNWIs) a new suite of Private Banking and Wealth Management services and products. More… |
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Bahrain FinTech Bay and The Family Office enter partnershipBahrain FinTech Bay (BFB), a fintech ecosystem builder, and The Family Office, a leading wealth management company in the GCC, have partnered to revolutionise wealth management in the region. BFB will leverage More… |
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UAE wealth to grow 5.5% to hit $1.3trn in 2027: reportThe United Arab Emirates (UAE) financial wealth is anticipated to experience a robust Compound Annual Growth Rate (CAGR) of 5.5% in new wealth, rising from $1 trillion to $1.3 trillion from 2022 to 2027, according to a new report by Boston Con More… |
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Saudi household wealth put at $2.3trn; UAE's $1.2trnThe total household wealth amounted to $2.3 trillion in Saudi Arabia, compared to $1.2 trillion in the United Arab Emirates (UAE), according to estimates by the latest Global Wealth Report, launched jointly by Credit Suisse and UBS. More… |
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$629 TRILLION: Global wealth to rise 38% in five yearsGlobal wealth is likely rise by 38% over the next five years to reach $629 trillion by 2027, despite 2022 being the first year of wealth decline since 2008, says a key report. Growth by middle-income markets wi More… |
