IslamicFinance.de

Emirates Investment Bank (EIBank) has published its second “GCC Wealth Insight Report”, which outlines the views of high net worth individuals (“HNWIs”) across the Gulf on local and global economies as well as the main elements that define their investment and banking decisions. The Report found that GCC HNWIs are more positive about the economic situation in the Gulf region than globally. The more cautious approach to the global economy taken by regional HNWIs is matched by an increasing preference to keep assets closer to home, which has risen 19 percentage points since last year to 83 per cent. Regional HNWIs are also more likely to have a local rather than international bank to help manage their wealth compared to last year.