Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, reinforced its contribution to the UAE’s economy and its commitment to driving the future of finance, following strong performance during the first half of 2019. The...
Dubai has risen up the ranks of the Global Financial Centres Index (GFCI) to No. 8 position, representing its highest ever ranking. The city is the only financial centre within MEASA to appear within the top 10 rankings, placing it alongside other pivotal financial hubs such...
The popularity of family offices, the private wealth management advisory firms that have ultra-high-net-worth investors, are helping shape the investment routes that Asia's ultra-rich take in preserving their wealth for generations. Such is the number of inter-generational transfers during these times as business founders retire. The Financial...
Family offices have been known to fly under the radar and often not share much about themselves. What they all want to know, however, is what other family offices are doing. For this reason, many reports are always keenly anticipated and the UBS Global Family Office...
Dubai: A number of listed companies in the UAE, particularly banks, have announced their intention to increase foreign ownership limits (FOL), attracting higher portfolio investments into the UAE. nalysts expect the increased foreign investment into domestic banks to offer manifold benefits for the institutions concerned, the...
Mashreq, the UAE’s oldest bank, and Emirates NBD, Dubai’s biggest lender by assets, both rolled out online banks for small and medium-sized enterprises (SMEs) and start-ups as they invest in digital transformation and address challenges faced by new businesses. Mashreq’s NeoBiz is a business account version...
Banks and financial institutions in the UAE can use online validation gateway of the Federal Authority for Identity and Citizenship for identification verification of customers when opening their bank accounts. This will eliminate the need for physical checking of the Emirates ID card of individual and...
Dubai: Three-fourths of customers trust their banks in the UAE, according to the 2018 Trust Index Survey of UAE Banks Federation (UBF) conducted in collaboration with Kantar, the data consultancy. The results show that 74 per cent of respondents had high trust in the UAE...
The UAE once again has the largest domestic banking sector in the Gulf region, with a 38 per cent share of the region’s total in 2018, according to Gulf Business‘ annual list of the Top 50 biggest GCC banks. In the UAE, bank loans increased by a higher...
The 2016 vintage in Bordeaux is unique – offering wines that are both age-worthy and accessible. Peter Newton from our Fine Wine team looks at how the wines from this pivotal vintage are drinking now Up until two and a half years ago, the Bordeaux en primeur model...
