Latest Intelligence on Financial Services in United Arab Emirates

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Type Product title / description Pub Price
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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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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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