We See Growth Everywhere Across the GCC, Says UBS’s Novakovic

The transcript discusses UBS's expansion in Dubai, highlighting a 30% growth in wealth management. It explores growth opportunities across GCC countries, noting no significant money outflow post-Khashoggi. The discussion shifts to client concerns about market volatility and economic uncertainty, affecting investment behavior. Despite nervousness, clients are considering re-entering markets with hedging strategies.

What has been the growth percentage in wealth management for UBS in the last year?

• 20%

• 30%

• 40%

• 50%

Which regions are seeing growth according to UBS?

• Only Dubai

• Only Qatar

• Only Saudi Arabia

• All GCC countries

What has been the impact of significant events in Saudi Arabia on money flow according to UBS?

• Significant outflow

• Complete status quo

• Slight increase

• Slight decrease

What is a major concern for clients that affects their investment decisions?

• Market volatility

• High inflation

• Low interest rates

• Currency fluctuations

How have clients' investment strategies changed after market fluctuations?

• Investing in real estate

• Hedging their investments more

• Avoiding all investments

• Investing more in stocks