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Wednesday, 11 August 2021

UAE's financial wealth grows to $600bn despite Covid pandemic challenges

Half of country's wealth is owned by individuals whose net worth exceeds $5m, according to...

The UAE’s financial wealth reached $600 billion in 2020, 69 percent of which is investable wealth, according to Boston Consulting Group’s (BCG) latest global wealth report.The report, titled ‘Global Wealth 2021: When Clients Take the Lead’, stated that 51 percent of the country’s wealth is owned...

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Definite trends emerging in the Middle East investment landscape

One of the major trends that we have witnessed in the investment funds market is an intensified...

Star Indian start-up founder Nikhil Kamath to woo cash-rich Gulf-based NRIs with new $200m India-focused fund

True Beacon II is to be launched next week and will have a minimum investment requirement of $1m

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US dollar outlook is negative for coming weeks

The dollar started to lose traction at the end of July as the Federal Reserve made clear that...

How a UAE-based start-up is building a global business from Dubai

Fintech start-up, Xare, has already created a vast global footprint, with more than 500,000 users...

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Property sales prices in Abu Dhabi up, rent prices down in most neighbourhoods

The average apartment sales listing price for a property in Abu Dhabi increased from AED1.15...

Luxury Dubai villa sells for $18.24m - 30% over asking price

The Marsa Al Arab Villas are an exclusive group of nine villa mansions situated next to the Burj...

Aldar announces sell-out of Abu Dhabi beachfront residential project

Abu Dhabi developer says construction of the second phase of the Al Gurm project is due to begin...

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Family offices in EMEA region focus on ESG investing, shy away from cryptocurrency

Analysis from Goldman Sachs found that the EMEA region is the most focused on green investment,...

Crude oil steadies as investors size up delta's threat to demand

Highly infectious Covid-19 variant is forcing governments to reimpose or extend curbs, and...

 
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