作者： admin

Dubai’s vibrant economy and modern infrastructure have positioned it as a hub for global professionals and high-net-worth individuals, making it an ideal location for financial advisory services. Anish Devkaran, Partner at St. James’s Place Middle East (SJP), relocated from the UK to the UAE in November 2024, driven by the region’s emergence as a global wealth centre. With over 20 years of experience in financial services, Anish saw an opportunity to bring world-class financial advice to the UAE, where demand for regulated and qualified financial advisers is on the rise. SJP, a FTSE 100 advisory giant with $245 billion in assets under management, established its Middle East office two years ago to cater to the growing need for tailored wealth management services, including tax advice, retirement planning, and estate planning. Since receiving regulatory approval from the Dubai Financial Services Authority (DFSA), SJP has been raising the bar for financial advice in the region. Anish highlights Dubai’s dynamism, safety, and collaborative professional environment as key factors that make it an exciting place to live and work. He balances his UAE client list with his UK business, advising clients on complex financial plans as they relocate between the two countries. Anish’s approach to financial planning is deeply personal, treating each client like family and ensuring transparency and trust. He emphasizes the importance of helping clients gain peace of mind and equipping them with the knowledge to make informed decisions about their financial futures. SJP’s presence in the Dubai International Financial Centre (DIFC) reflects its commitment to elevating financial advice in the region, fostering trust and professionalism in the sector.

As Wall Street’s rally shows signs of fatigue and gold loses its shine, global attention is increasingly drawn to China’s economic slowdown. Despite not being in a state of collapse, China’s 4.8% growth rate in the third quarter of 2025—the slowest this year—has raised red flags worldwide. External demand has kept China on track to meet its 5% annual growth target, but mounting trade tensions, including a threatened 130% U.S. tariff, have positioned China as a significant downside risk to U.S. economic growth. Stephen Miran, a Federal Reserve governor, has expressed concerns about China’s potential use of its rare earths monopoly as a retaliatory measure against U.S. tariffs, urging policymakers to consider new tail risks. Miran advocates for a 125 basis point rate cut to mitigate economic vulnerabilities. Meanwhile, global debt has surged to a record $337.7 trillion, with China, the U.S., and other major economies contributing significantly to this increase. The Institute of International Finance (IIF) warns that rising military spending and geopolitical tensions will further strain government finances. In the Eurozone, industrial production has weakened, and Japan faces challenges from trade uncertainties and domestic demand stagnation. China’s ambitious 5% growth target is increasingly threatened by U.S. tariffs, prompting calls for urgent fiscal stimulus and measures to boost domestic consumption. As Chinese Communist Party officials gather for the Fourth Plenum, the focus is on devising strategies to transition China into higher-value-added industries and strengthen social safety nets to encourage spending. The global economic outlook remains fraught with risks, with policymakers worldwide bracing for potential shocks as 2026 approaches.

Dubai’s jewellery stores witnessed an unprecedented surge in demand for gold coins during Diwali, leading to a temporary shortage of smaller denominations. Despite gold prices soaring over 50% this year, the festive season saw a remarkable increase in purchases, particularly for gifting purposes. Jewellers reported that five and 10-gram coins were the most sought-after, with demand surpassing last year’s figures. The rush peaked in the days leading up to Diwali, as customers flocked to buy coins for Lakshmi Puja and festive gifts. While larger denominations and bars remained well-stocked, the sudden spike in demand for smaller coins created a brief supply gap. Industry experts attributed this trend to gold’s dual role as a traditional gift and a safe investment. Suppliers and refineries are now working to replenish stocks, ensuring availability improves swiftly. The festive spirit, coupled with rising gold prices, has reinforced consumer confidence in gold as a valuable asset. Jewellers anticipate this momentum to continue through the wedding and year-end season, driven by both cultural and investment motivations.