Browsing: wealth management

Standard Chartered has announced plans to increase its frontline private banking team in the United Arab Emirates by 20%, aiming to better serve its high and ultra-high-net-worth clients as part of a broader growth strategy.

UAE’s net wealth reached $2.9T in 2023, according to BCG’s Global Wealth Report 2024. Financial wealth in the UAE grew by 10% between 2022 and 2023, outpacing the Middle East and Africa’s 8% growth. Globally, financial wealth increased by 7% after a 4% decline in 2022, with $92T in new wealth expected over the next five years.

Dubai Financial Services Authority (DFSA) announced on Tuesday that it had fined Vedas International Marketing Management $100,000 (around AED 367,000) for “unauthorised and misleading financial promotions related to the Multibank Group.”

Dhabi Hold has announced the fourth Family Office Summit, set for December 4 in Abu…

Dubai and Abu Dhabi, two prominent cities in the UAE, are emerging as financial giants…

Investec, a prominent international banking and wealth management institution, has officially inaugurated its office in…

The Dubai International Financial Centre (DIFC) has unveiled a series of strategic initiatives designed to…

Wealth managers and major stock market players in the Gulf are gearing up for significant volatility in stock and currency markets ahead of the following US election. They are developing strategies to maximise potential gains for their clients, particularly family offices, while mitigating substantial downside risks.

InvestPro UAE, Abu Dhabi 2024 is a premier event that gathers top international experts, investors,…

General Pension and Social Security Authority (GPSSA) has introduced the “Advanced System for Proactive Financial Planning” initiative, named Wafra, aimed at enhancing financial literacy among those covered by pension laws.