Latest Intelligence on Financial Services in United Arab Emirates

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Type Product title / description Pub Price
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UAE: inheritance planning vital for HNWs

Expats dominate the HNW population in the UAE and thus present a lucrative client base for wealth managers. However, to gain significant market share wealth managers must ensure that they provide appealing expat services.

Published By Datamonitor
31 Jul 2013
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UAE: hub for HNW entrepreneurs

Due to the success of the Emirati government in attracting entrepreneurs, wealth managers in the UAE need to provide specialized support to expats arriving to set up new enterprises.

Published By Datamonitor
18 Nov 2013
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UAE investors hold 45% of their wealth offshore

Due to the underdevelopment of the local investment market, Emirati HNW investors offshore almost half of their wealth, the most significant proportion globally. This means that international wealth managers are best placed to service their needs.

Published By Datamonitor
28 Aug 2013
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South Africa sees its wealth market growth prospects undermined by eurozone crisis

The South African wealth market is the largest in the Middle East and Africa, accounting for nearly 36% of the region's total value of liquid assets held by affluent individuals in 2011. South Africa is, however, forecasted to have the lowest growth prospects in the region, and will see its market value rise to only $265bn by 2015.

Published By Datamonitor
20 Mar 2012
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RBC Wealth Management seeks to double its AUM in emerging markets

RBC intends to increase its AUM in emerging countries from $20bn to $50bn by the end of 2015. As recently announced, Dubai will play an important role in the wealth manager's expansion plans as the bank seeks to double its staff in the emirate during the same period. However, RBC's growth targets are ambitious given the fierce competition and its plan to mainly grow organically.

Published By Datamonitor
26 Apr 2012
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Middle Eastern multimillionaires to increase by 45%

Middle Eastern wealth markets, driven by stubbornly high oil prices and the stabilization of the world economy, are expected to continue booming. As a result, the number of individuals with $10m+ will increase by 45% between 2013 and 2017.

Published By Datamonitor
29 Jan 2014
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Mashreq's innovative boost to mobile banking

In the UAE Mashreq Bank has made it even more attractive for customers to use mobile banking by offering a desirable incentive and removing some of the friction.

Published By Datamonitor
18 Jun 2014
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EFG International: 2012 set to be a critical year

EFG International is undergoing a significant restructure following a review of the business at the behest of its recently appointed CEO. The Swiss bank has struggled in recent years due to troubled forays into non-private banking activities, as well as poor cost management. The restructure of the group has seen it close offices and divest operations, and more announcements are likely to follow.

Published By Datamonitor
05 Jan 2012
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Credit cards in the UAE: green is the new black

FGB and renewable energy company Masdar have jointly launched the UAE's first green Visa card, targeting affluent and HNW individuals. Increasing demand for philanthropy services in the UAE means uptake of the card should be strong despite lower forecast demand for credit cards from the affluent.

Published By Datamonitor
17 Jan 2013
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Credit Agricole to strengthen its presence in the Gulf and the Middle East

Oil wealth has already attracted many private banks to the Middle East, and the latest bank to announce that it is seeking to capitalize on the region's huge potential is Credit Agricole Suisse, which intends to increase its presence. Although competition in private banking is intense, Datamonitor believes that Credit Agricole's long established presence in the region gives it a competitive edge.

Published By Datamonitor
16 May 2012

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