The new office in the DIFC will help investors in the UAE access top-tier exclusive private market opportunities
The new office in the DIFC will help investors in the UAE access top-tier exclusive private market opportunities
The new office in the DIFC will help investors in the UAE access top-tier exclusive private market opportunities
The new office in the DIFC will help investors in the UAE access top-tier exclusive private market opportunities

The Family Office expands its presence in the GCC region, inaugurating an office in DIFC



The Family Office, a leading wealth manager in the GCC, is pleased to announce the inauguration of its new office in the Dubai International Financial Centre in the United Arab Emirates, its third office in the GCC after Riyadh and Manama.

The new office will offer a wide range of wealth management services, including financial planning, investment advice, advising on building customised portfolios in private equity, private debt, real estate, direct funds and more to professional clients in the region. With a long track record in the wealth management industry since 2004, The Family Office is committed to continuously providing the highest level of service to its clients.

"We are excited to expand our presence in the GCC and bring our expertise in wealth management to Dubai," said Abdulmohsin Al Omran, Founder and CEO of The Family Office. "Our team of experienced financial advisors is dedicated to helping investors achieve their financial goals, and we look forward to providing tailored solutions to meet the unique needs of investors in the UAE."

The new office in the DIFC will help investors in the UAE access top-tier exclusive private market opportunities in collaboration with major international asset managers, starting from US$300,000. The firm has recently availed direct investment funds in private equity starting from US$50,000.

The team of expert financial advisors at The Family Office provides advisory services to investors who need expert assistance in building customised portfolios that meet their specific financial needs.

In May 2022, The Family Office launched its digital wealth management platform which allows investors to create financial plans, assess their risk appetite, access international and exclusive private market opportunities in partnership with world-class asset managers, receive an asset allocation proposal then build and simulate their portfolio for 10 years, all within 10 minutes. This platform is a natural extension of the digital transformation journey which the company started in 2020 with the launch of its client application. The platform will soon become accessible to clients of the Dubai office.

Learn more about The Family Office digital platform available for Bahrain and Saudi Arabia here

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Uefa Champions League semi-final, first leg

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50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater

1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.  

1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.

1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.

-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.

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Avatar: Fire and Ash

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Rating: 4.5/5

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

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Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.

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•   Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.

•   Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.

•   Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.

•   Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.

•   Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.

•   Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.

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Tori Amos
Native Invader
Decca

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The specs
Engine: 3.0-litre twin-turbo flat-six

Power: 480hp at 6,500rpm

Torque: 570Nm from 2,300-5,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 10.4L/100km

Price: from Dh547,600

On sale: now 

Updated: May 02, 2023, 3:30 AM