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WEALTHY ARAB CLIENTS
A $176 billion reality check for Europe’s luxury brands as Middle East tensions hit shoppersA distant war is impacting global luxury sales. Europe's top luxury firms have lost billions in market value. The Middle East, a key growth...- West Asia crisis: Dubai real estate sector shows early signs of weaknessDubai's property market shows early signs of weakening amid the US-Israeli war on Iran. Transaction volumes have fallen significantly, and ...
- Israel-Iran-US war: Goldman Sachs, other Wall Street banks Offer UAE staff option to relocate temporarilyMajor Wall Street banks are letting staff in the United Arab Emirates work remotely. This move comes as attacks on the Gulf nation continue...
- Asia’s ultra-rich having second thoughts on Dubai as war ragesAsia’s wealthy families are reconsidering their investments and relocation plans in Dubai as the Iran war raises security concerns in the r...
- Some wealthy Asians look to move Dubai assets closer to home on Iran war fearsIran war: Iranian missile and drone attacks on Dubai have prompted some wealthy Asians and entrepreneurs to consider shifting assets out of...
- London fights for family office stronghold as rivals circleLondon aims to retain its status as a global wealth hub. Alastair King, the Lord Mayor, is trying to attract family offices to London. He i...
- Indian billionaires who amassed gold fortunes in Dubai face slowdownIndian entrepreneurs are dominating Dubai's retail gold market, building empires from the Gold Souk to high-end malls. Malabar Gold & Diamo...
- Zero income tax, little red tape, access to luxury and ease of business: How Dubai became a magnet for millionaires as they flock to the city in large numbersDubai is becoming a magnet for the world's wealthy. The UAE attracts millionaires with its zero income tax, stability, and luxury lifestyle...
- World’s rich ignore Mideast strife to bet on Dubai and Abu DhabiDubai and Abu Dhabi attract wealthy individuals globally. These emirates offer tax benefits and a strategic location. Despite regional geop...
- Rothschild launches wealth management office in Dubai to tap wealth influxRothschild & Co. has opened a wealth management office in Dubai to serve ultra-high-net-worth individuals and families in the region. The b...
- Hyderabad's 'bride bazar': How young girls are traded to marry old Gulf menYoung girls in Hyderabad are being married off to wealthy men from Gulf nations via online arrangements. Poor families are lured by promise...
- 4,300 millionaires may leave India this year. Here's where they are moving toThe Henley Private Wealth Migration Report 2024 reveals India's significant net loss of 4,300 millionaires in 2024, reflecting global wealt...
- Super-rich may quit UK over Labour plans for inheritance taxes on trustsLabour Party's proposed inheritance tax changes may prompt wealthy individuals to leave the UK, affecting private banks and advisers. The p...
- Julius Baer targets rich Indians in Dubai with UBS, JPMorgan hiresJulius Baer Group Ltd. hired senior bankers from UBS Group AG and JPMorgan Chase & Co. to strengthen its business serving wealthy Indians i...
- UAE dropped from financial crime watch list in win for nationThe United Arab Emirates, particularly Dubai, celebrates as it is removed from a global watchdog's list of countries posing risks of illici...
- Bank of Baroda looks to ramp up wealth management businessThe bank aims to nearly triple its assets under management (AUM) to over ₹85,000 crore, from ₹30,000 crore at present, in the next five yea...
- Beauty pageants in the camel world are a real thing; Dubai scientists working round the clock to clone animalsTech allows wealthy clients to replace their most-beautiful camel with one just like it.
- Amid squeeze on air travel, HNIs party on charter jetsCharter companies have seen a boom in such leisure-trip business, given the constraints of post-pandemic commercial air travel. In Mumbai, ...
- Citigroup to focus on corporate and institutional banking business in IndiaCiti started retail operations in India in 1985 and was among the pioneers of credit cards in the country. It will focus on corporate and i...
- Luxury brands offer gift vouchers & expensive phones to lure rich IndiansMost Indian partners of luxury brands take such initiatives, knowing the Indian consumer loves to be pampered and showered with free gifts.
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