UAE. Globally, HNWIs hold on average 10% of their total net worth in treasure assets, compared to 18% in the UAE, 17% in Saudi Arabia and 2% in Qatar; 41% of global respondents feel that there is a duty to share their treasure assets for the good of society.
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.