Wio Invest and Lunate collaborate to offer automated ETF investments
Wealth management
Latest in Wealth management
Emirates NBD
Emirates NBD launches private banking scheme as it eyes slice of $980bn Middle East generational hand down
Emirates NBD is attracting younger private banking customers as Middle East prepares for enormous generational wealth shift
DIFC
Dubai hedge fund boom lifts UAE economy as region’s rich look to invest
Dubai International Financial Centre authorised 10 new hedge funds last year as rising millionaire population want to invest cash and grow wealth
DIFC
DIFC: Santander opens private banking office in Dubai as it targets share of $8tn private wealth in region
Santander Private Banking opens private wealth office in Dubai International Financial Centre
Asset Management
Dubai International Financial Centre announces Funds Centre to attract wealth and asset managers
Dubai International Financial Centre Funds Centre invites applications as it looks to lure wealth funds and asset managers to the city
Digital bank account
UAE digital bank LIV revamps credit card with 4% cashback and lifestyle offers
UAE digital bank Liv introduces new cashback offerings on personal credit cards
Cryptocurrency
‘Feisty’ Gen Z millionaires shaking up investment world, pouring money into crypto, art
While designer goods and high-end real estate remain popular, young millionaires and billionaires are increasingly allocating significant portions of their wealth to unconventional investments and experiences
end-of-service gratuity
Expat pensions v gratuity payments: UAE, Saudi and Qatar workers eye retirement saving options
Expats in the UAE, Saudi and Qatar would prefer pension payments to lump-sum severance, according to Smart survey
education fees
Parents in UAE expect to spend $163,000 on children’s higher education; how to save for future
UAE parents urged to consider education savings plan for investment in children’s university funds
Asset Management
UAE investment fund assets reach $9.5bn
UAE asset management sector booming after 83 per cent increase in number of licensed companies
Companies in DIFC
India’s Nuvama Private launches wealth management base in Dubai
Nuvama Private targets wealthy Indian investors with Dubai International Financial Centre office
Daman Investments
UAE announces 2 companies to offer alternative end of service savings schemes
UAE has approved Lunate and Daman Investments to offer end of service benefits savings schemes
National Bonds
UAE National Bonds: Indian electrician wins $272,000 prize after investing $27 a month
An Indian electrician working in the UAE has scooped a AED1m prize after investing AED100 per month
Al Maktoum International
UAE holiday dates; the remarkable growth of Emirates; Dubai real estate boom; new Schengen-style visas; top investment tips – 10 things you missed this week
When is the next UAE holiday, how Dubai became the ‘world’s airport’, weather forecasts, Dubai real estate analysis, Schengen-style visas around the world and more top news stories this week
Asset Management
Middle East assets under management hit $2.3tn in 2023, AI set to revolutionise investment
Middle East Assets Under Management climbed 13 per cent in 2023 and analysts reveal vision for AI in the sector