INTERNATIONAL. The report ranks Dubai as the 13th most important city in the world, and 8th in terms of growing in importance to HNWIs; For HNWIs from the Middle East and Africa, in terms of fastest growing in importance, Dubai is overshadowed by only London.
INTERNATIONAL. New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around US$1,098 billion by 2020, from a 2008 total of US$293 billion.
UAE. Egis acquires 51% of Projacs, the leading project and construction management firm in the Middle East. This transaction represents a new stepping stone for the development of both Egis and Projacs.