UAE set to attract migrating millionaires

WealthA report has forecast that the UAE will attract the largest net inflows of millionaires globally in 2022. The Henley Global Citizens report tracks global wealth and investment migration trends and its most recent issue has UAE as the top millionaire magnet. It forecasts that 4,000 more millionaires will move to the UAE than leave with the majority coming from Russia, India, Africa and elsewhere in the Middle East. This is roughly four times the net inflow of millionaires in the UAE prior to the pandemic. According to Henley Global Citizens, the UAE has been the beneficiary of an exodus of wealth in Russia and the gradual decline of the UK as a centre for high net worth individuals. The UAE could see the inflow of millionaires increase yet further in 2023 which is predicted to see 125,000 millionaires relocated, the largest migration flows on record. According to Henley & Partners chief executive Juerg Steffen, the mass movement is a result of affluent investors and their families earnestly preparing for the “new post-Covid world order”. ©2022 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.


Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.