Mashreq launches digital savings account with significant returns
Wealth management
Latest in Wealth management
DIFC
Dubai grants DIFC licence for Transamerica Life Bermuda as it boosts insurance for HNWI
High-net-worth insurer Transamerica Life Bermuda eyes Dubai expansion after securing DIFC licence
Bill Gates
Bill Gates announces plan to give away $200bn fortune
Bill Gates to give away “virtually all his wealth” as he confirms largest philanthropic commitment in modern history
Abu Dhabi
Abu Dhabi’s Lunate to acquire stake in wealth management firm Azura Partners
Azura headquarters to shift to ADGM in Abu Dhabi as part of the deal; New capital will help build AUM, talent, technology and footprint
ESG investments
Revealed: UAE, Middle East fast emerging as global capital for private wealth management
Ongoing global market turbulence drives wealthy elite to safer markets like the UAE and wider Middle East after suffering multi-billion losses
Ministry of Human Resources and Emiratisation (MoHRE)
UAE Savings Scheme offers workers alternative end of service benefits and investment opportunities
The UAE’s MOHRE is highlighting the benefits of Savings Scheme as an alternative end of service benefit investment
DIFC
DIFC report pinpoints coming $1tn generational wealth transfer
DIFC looks ahead to the future of inheritance ahead of enormous transfer of generational wealth
lunate
UAE investments: Wio and Lunate team up to offer automated ETF purchases
Wio Invest and Lunate collaborate to offer automated ETF investments
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