The UAE has broken into the world’s top 10 most powerful passports while establishing itself as a premier destination for global wealth
Wealth Management
Latest in Wealth Management
Dubai
UK suffers historic brain drain, wealth exodus as UAE passport power rises
The trend coincides with a sharp decline in British global mobility power, with the UK passport dropping from first place in 2015 to fifth position in 2025
DIFC
Transition of wealth, technology and talent are driving the future of finance
Dubai’s ascent as a financial hub is fueled by wealth migration, technological innovation, and talent attraction shaping global economic trends
financial institutions
HSBC launches Global Private Banking in Kuwait
The launch marks expansion of the bank’s wealth management services in the Middle East
Capitalism
Is capitalism broken?
Rising inequality, monopolies and questioning over self-regulation raise doubts among experts
Asset Management
Preserving cultural legacy: Family office dynamics in the Middle East
Balancing tradition and innovation, Middle Eastern family businesses face the challenge of preserving cultural legacy while adapting to global economic shifts
family assets
Understanding the financial reality of the ultra rich
UHNWIs in the Middle East present a unique case study in wealth management
DIFC
Banking giant Investec opens its Dubai office at DIFC
The new office of the international bank and well-known wealth management company is at Central Park Towers in DIFC
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
billionaires
UAE-based VC Sehgal, Yusuff Ali figure in Hurun’s top 10 wealthy NRI list
With 46 individuals, the USA is the most preferred country for NRIs, followed by the UAE and the UK
billionaires
UAE holiday dates; Dubai Land Department bans landlords; Metro hikes nol card fees; Millionaire migration – 10 things you missed this week
UAE holiday dates, Dubai Land Department bans 10 landlords, Metro hikes nol card fees, millionaire migration and more of the top stories this week
Dubai
Bank of Singapore looks to double revenue from Middle East in 3 years
UAE, and in particular Dubai, have become key destinations for global millionaires post-COVID, says bank’s top official
billionaires
UAE poised for long-term UHNWI influx as Middle East hub status grows
This comes as millionaire migration surges globally, with the UAE experiencing a notable influx of wealthy residents
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
advisory services
Octagon launches ‘Family Office as-a-Service’ model in UAE amid surging demand
The company said its UAE market entry is ideally timed, given the stunning growth of family offices in the UAE and across the world, besides the huge intra-generation wealth transfer looming
banking jobs
Barclays boosts Asia wealth presence with plans to triple team size in India and Singapore
Barclays joins other firms building out wealth management teams in the region, including UBS Group AG and Julius Baer Group
exchange-traded fund
HSBC launches new digital trading platform in UAE
The new digital platform addresses customer needs for easier access to investment opportunities worldwide directly from their HSBC account, according to the bank’s statement on WorldTrader