In recent years, very few global figures have attracted as much attention as Mohammed bin Salman Al Saud. As the de facto ruler of Saudi Arabia, he has become a dominant force in shaping the country's foreign policy, implementing ambitious economic reforms, and challenging social norms. In this article, we focus on the life and political career of Mohammed bin Salman, exploring his rise to power, key policy decisions, and the lasting impact he has had on the kingdom.
At the United Nations Climate Change Conference (30.12.-12-12.2023) in Dubai, the global community made a significant breakthrough. It is the first time in the history of climate conferences, known as "COPs," that all 197 participating countries and the EU have agreed to abandon oil and gas. This was previously solely true for coal. The governments are urged to abandon fossil fuels in their energy systems in the 21-page report that has now been accepted.
Economic growth due to demographic changes is a unique opportunity for the demographic dividend. The population in the Middle East and North Africa region is expected to double in size within the next twenty years. With the right investments and opportunities, young people can build a stable future in their countries.
In a world teeming with investment options, the Arabian Peninsula, stands far above the rest regarding oil: the Middle East. With countries like Saudi Arabia, the UAE, and Kuwait holding some of the world's largest oil reserves, the potential for wealth generation here is extremely large. According to the Organization of the Petroleum Exporting Countries (OPEC), a significant player in the Persian Gulf and around the Mediterranean Sea, the Middle East controls nearly 48% of global oil reserves. The statistics have drawn the worldwide gaze of Ultra-High-Net-Worth Individuals (UHNWI) and High-Net-Worth Individuals (HNWI) worldwide.
Dubai, known for its iconic skyline and record-breaking structures, has added another architectural marvel to its repertoire: the Museum of the Future (MOTF). This groundbreaking project stands 78 metres tall and has quickly become one of the most remarkable buildings in the world. Set to open its doors in February 2022 in Dubai's Financial District, the museum is a perfect blend of art, technology, and innovation.
The Saudi royal family, also known as the House of Saud, is known for its immense wealth and extravagant lifestyle.
A groundbreaking project is taking shape in the heart of Saudi Arabia. Neom, a $500 billion smart city, is set to revolutionise urban living and become a beacon of innovation and sustainability. Led by Crown Prince Mohammed bin Salman, Neom aims to create a futuristic city that embraces technology, clean energy, and harmonious coexistence with nature.
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Deciding whether to establish a family office is often one of the most important choices wealthy families make. A wide range of factors shape this decision. In this article, we examine three of them by comparing four wealthy families and their approaches to managing their fortunes.
María Asunción Aramburuzabala formed family office Tresalia Capital after her father Pablo – executive vice president of Grupo Modelo, the brewer of Corona beer that his own father Felix founded after the Mexican Revolution – died unexpectedly of cancer in 1995 at age 63 with no finalized succession plan. Today she is worth an estimated $8.2 billion, making her Mexico’s wealthiest woman and Latin America’s second after Chilean mining magnate Iris Fontbana. Her story holds three valuable lessons for today’s family office builders.
Today’s family offices face two challenges that seem to work against each other: keeping talented staff and controlling costs. Recent industry research shows this phenomenon to be widespread. Simply paying higher salaries is not the answer. The way forward is to invest in modern technology that transforms how family offices operate.
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María Asunción Aramburuzabala formed family office Tresalia Capital after her father Pablo – executive vice president of Grupo Modelo, the brewer of Corona beer that his own father Felix founded after the Mexican Revolution – died unexpectedly of cancer in 1995 at age 63 with no finalized succession plan. Today she is worth an estimated $8.2 billion, making her Mexico’s wealthiest woman and Latin America’s second after Chilean mining magnate Iris Fontbana. Her story holds three valuable lessons for today’s family office builders.
