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Elon Musk has named the "future president" of the US on X, sparking reactions online. Meanwhile, Dubai's financial landscape is thriving, with the Dubai International Financial Centre (DIFC) reporting a 25% increase in registered businesses, now hosting 75 hedge funds. The city is also a magnet for family offices, managing $1.2 trillion in assets, as it becomes a preferred destination for high-net-worth individuals seeking investment opportunities and succession planning.
Dubai is emerging as a global hub for family offices, driven by high-net-worth individuals seeking Sharia-compliant investments and access to international markets. The Dubai International Financial Centre (DIFC) has seen a 25% increase in registered businesses, with a strong focus on fintech and alternative investments. As family offices diversify their portfolios, they are increasingly investing in local startups and sectors aligned with their core businesses, contributing to Dubai's economic growth and innovation.
GMR Airports has raised ₹1,100 crore through non-convertible debentures from Deutsche Bank. Dubai's financial landscape is thriving, with the Dubai International Financial Centre (DIFC) seeing a 25% increase in registered businesses, now hosting 75 hedge funds. The city is also a hub for family offices, managing $1.2 trillion in assets, driven by high-net-worth individuals seeking investment opportunities and favorable regulatory conditions.
The primary market is set to see no new IPO launches in the upcoming Diwali week due to a sharp decline in the equity market, with the Nifty 50 down 8% from its September high. Experts suggest that while current market conditions may delay IPOs, a recovery is anticipated in November, with 2025 expected to surpass 2024 in IPO fundraising. Amit Jain of Ashika Global notes a robust pipeline for 2025 as market dynamics stabilize.
Amit Jain, co-founder of Ashika Global Family Office Services, identifies IT, Pharmaceuticals, FMCG, Real Estate, and Defence as overvalued sectors, advising against investments in them. He sees potential in PSU and PSU banks for medium to long-term value investing. The current market faces challenges from weak earnings, geopolitical tensions, and domestic issues, leading to a bearish sentiment and potential further declines in the Nifty 50. While the IPO landscape may improve in 2025, the ongoing correction could delay high-profile offerings.
Amit Jain
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Dubai emerges as a global hub for family offices and investments
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15:46 28.02.2025
dubai emerges as a global hub for family offices and investments
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family offices in dubai drive investment growth and economic diversification
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equity market weakness delays new ipo launches in upcoming week
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market correction highlights overvalued sectors and cautious investment strategies
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