{"id":12642,"date":"2025-05-28T03:36:42","date_gmt":"2025-05-28T03:36:42","guid":{"rendered":"https:\/\/fintechnews.ae\/?p=26359"},"modified":"2025-05-28T03:36:42","modified_gmt":"2025-05-28T03:36:42","slug":"ubs-expands-to-abu-dhabi-as-more-millionaires-move-to-middle-east","status":"publish","type":"post","link":"https:\/\/mena-fintech.org\/demo\/ubs-expands-to-abu-dhabi-as-more-millionaires-move-to-middle-east\/","title":{"rendered":"UBS Expands to Abu Dhabi as More Millionaires Move to Middle East"},"content":{"rendered":"

European banking giant UBS Group is establishing a new office in Abu Dhabi, aiming to tap into the growing number of wealthy individuals relocating to the Middle East, according to Bloomberg<\/a>.<\/p>\n

The ultra-rich have increasingly been moving away from high-tax countries such as the United Kingdom, opting instead for the region\u2019s favourable low-tax environment.<\/p>\n

\"Beatriz
Beatriz Martin Jimenez<\/figcaption><\/figure>\n
\n

\u201cThe Middle East has definitely been a winner for private individuals that have been moving away from higher-tax regimes, other places and other locations like the UK,\u201d<\/p>\n<\/blockquote>\n

said Beatriz Martin Jimenez, president of UBS\u2019s businesses across Europe, the Middle East, and Africa. She made the remarks during the Qatar Economic Forum in Doha.<\/p>\n

Over the past decade, the number of resident millionaires in the UAE capital has risen by 80%, according to data from Henley & Partners.<\/p>\n

The city is also expected to see its population of centi-millionaires more than double over the next ten years.<\/p>\n

 <\/p>\n

Featured image credit: Edited by Fintech News Middle East, based on image by wirestock<\/a> via Freepik<\/em><\/p>\n

The post UBS Expands to Abu Dhabi as More Millionaires Move to Middle East<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

European banking giant UBS Group is establishing a new office in Abu Dhabi, aiming to tap into the growing number of wealthy individuals relocating to the Middle East, according to Bloomberg. The ultra-rich have increasingly been moving away from high-tax countries such as the United Kingdom, opting instead for the region\u2019s favourable low-tax environment. \u201cThe […]<\/p>\n

The post UBS Expands to Abu Dhabi as More Millionaires Move to Middle East<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175,263],"tags":[],"class_list":["post-12642","post","type-post","status-publish","format-standard","hentry","category-abu-dhabi","category-ubs"],"_links":{"self":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/comments?post=12642"}],"version-history":[{"count":1,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12642\/revisions"}],"predecessor-version":[{"id":12643,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12642\/revisions\/12643"}],"wp:attachment":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/media?parent=12642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/categories?post=12642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/tags?post=12642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}