Tag: Money
UBS Billionaire Ambitions Report 2023: The Great Wealth Transfer
For the first time in nine editions of the report, billionaires have accumulated more wealth through inheritance than entrepreneurship, indicating that the great wealth...
Wealthiest Billionaires Have Seen Their Wealth Increase By $1.1 Billion This...
Average wealth of the top 500 wealthiest billionaires is now more than $15 billion as wealth of UHNW individuals surges worldwide, Communications Specialist Ltd...
UAE’s Financial Wealth Grows to $600 Billion Despite Pandemic Challenges
51% of the country’s wealth is owned by individuals whose net worth is more than $5 million.The United Arab Emirates (UAE) financial wealth grew...
Bitcoin Price Will Be “Permanently Hiked” By Institutional Investors
A Bitcoin price drop will trigger a surge in institutional investment, driving up the price permanently.
The observation from Nigel Green, chief executive and founder...
Industry Insiders Optimistic About Financial Services in UAE for 2021
56% of respondents agreed that the outlook for remittances remains positive for the coming year
Companies rate changing demographic, labour mobility, unemployment and current pandemic...
Coronavirus Prompts Growing Number To Re-evaluate Savings
The coronavirus pandemic has triggered a ‘significant rise’ in the demand for savings solutions, reveals one of the world’s largest independent financial advisory organisations.
deVere...
Western Union and Amazon to Launch New Way to Pay
The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement, today announced it is has been engaged by Amazon to launch...
Cryptocurrencies, Blockchain Are a Rerun of The Dotcom Mania
A new Technology Quarterly report from The Economist published in the September edition examines blockchain and cryptocurrencies. Tim Cross, The Economist’s science correspondent, takes...
What Are Cryptocurrencies?
A potential new form of money that offers benefits while posing risks
Hundreds of them have sprouted, with fanciful names like Primecoin, Dash, and Verge....
The World’s Highest Paid Athletes
Having beaten Conor McGregor in their blockbuster fight last year, boxer Floyd 'Money' Mayweather is the highest earning athlete in the world over the...
Dubai Holding to Launch Region’s First Digital Bank
Dubai Holding, the global investment holding company, has announced it will invest up to AED 1 billion over the next five years to launch...
UAE Expats Sent Home AED164.3 Billion in 2017
Expats remittances from the UAE amounted to AED164.3 billion during 2017, a growth of 2.2 percent from AED160.8 billion in 2016.
According to a report...
UAE Home of Seven Out of 31 Arab Billionaires
Forbes Middle East is uncovering the Arab billionaires that have been revealed in the 2018 Forbes US Global Billionaires ranking. The 31 mega-wealthy Arab...
Saxo Bank Warns of Possible Global Economic Slowdown
The GCC states are likely to face economic challenges this year due to the increased risk of a global economic slowdown created by global...
Bitcoin Investors Beware: Highly Volatile, Lacks Regulations
Global banking regulator sends a warning to bitcoin investors
Stefan Ingves, chairman of global regulators at the Basel Committee and governor of Sweden's Riksbank, said...
Customers Who Pay By Card Less Likely to Remember Paid Amounts
The transparency of spending money depends on the mode of payment used: cash, single-function cards that offer only a payment function, or multifunctional cards...
A Campaign To Encourage Personal Saving Launched in Dubai
National Bonds, a leading UAE investment company, has launched a nationwide campaign to encourage UAE residents to identify personal challenges to saving in a...
Confirmed: Dollar Appreciation Hurts Emerging Markets
A strong dollar is not so good for emerging markets, according to new research co-authored by Valentina Bruno, an associate professor of finance at...