Family offices
Latest in Family offices
Dubai
Dhabi Holdings launches FO Club to boost Dubai’s growing trillion-dollar family office network
The latest initiative aims to consolidate and expand the growing family offices network in the emirate
Emirates Family Office Association
Emirates Family Office Association and MEVCA forge strategic partnership
The partnership will see two collaborate to launch carefully curated, closed-door initiatives fostering knowledge sharing, creating networking opportunities
Abu Dhabi
Abu Dhabi’s Dhabi Hold to host fourth Family Office Summit in December
It will serve as a premier platform for family offices from Abu Dhabi, Dubai, and beyond to network, exchange insights, and champion long-term financial success
Abu Dhabi
Abu Dhabi economy: 90% of private companies in Emirate are family-owned, 60% of GDP and 80% of workforce in segment
Family offices are key drivers of the Abu Dhabi economy, according to a KPMG report
Family offices
India’s Playbook Partners close to striking deals with UAE, Saudi institutional investors, large family offices for $250mn fund
The initial target of $250 million corpus for the fund could go up several notches if the institutional investors from the region agree to write bigger cheques
family business
Global family office wealth to hit $9.5tr by 2030: Report
This accounts for an 189% rise between 2019 and 2030, according to Deloitte
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
Family offices
Sovereign Wealth Fund Institute gathers $2tn asset managers in Dubai
Family Office Round Table Dubai 2024 concludes with awards
Bahrain
Invest in local talent who ‘will not transfer money outside’ the country says The Family Office CEO
Al Omran stressed that for any country’s growth, investment in local talent is crucial
digital performance management
US-based software provider Eton Solutions sets up Middle East HQ in Dubai, targets growing family office market
The company’s expansion move comes amid the internal troubles in Hong Kong – historically a major global hub for family offices – said to have triggered a wide spread relocation move, with Dubai expected to emerge as the major gainer
Abu Dhabi
UAE ultra-rich, family offices to contribute $500bn to economy by 2026
The UAE economy is set for a half a trillion USD boost from the super wealthy and family offices
Cryptocurrency
Digital asset custody solution providers hold key to the next bull run in cryptocurrency: PwC study
The demand spike is projected to help the digital asset custody market grow several-fold in the next few years from the current estimated market size of $448 billion
Abu Dhabi
Ray Dalio sets up Abu Dhabi office to manage $19bn fortune in region
Ray Dalio, the world’s 83rd richest man, is setting up an office in Abu Dhabi
ADGM
UAE launches family office group to support wealth transfer
UAE launches family office association to support wealth transfer
digital performance management
Eton Solutions to transform family office businesses amid UAE’s rise as the new hub for global rich
The UAE is estimated to have attracted the maximum number of millionaires globally in 2022 – at around 4000 – and more UHNW families are said to be setting their sights on the country as a home for their family offices
digital transformation
How to revitalise traditional family businesses in the Gulf
A generational milestone has been reached for the economic powerhouses of the Arabian Gulf