Business

Macao to host exclusive wealth and investment summit in May

Published

1 year ago

April 29, 2025

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Asia’s role in shaping global investment trends will be in the spotlight next month as senior financial leaders, family offices, and institutional investors gather in Macao for the second edition of the BEYOND Wealth Summit.

The invitation-only event will be held on May 23–24 at The Venetian Macao, alongside the wider BEYOND Expo 2025, one of the region’s noted technology and innovation gatherings. More than 300 participants are expected to attend the event, including family offices, market experts, and financial executives from across Asia and beyond.

This year, the summit adds a new dimension with the Greenwich Economic Forum (GEF) joining as a co-host alongside the Asian Family Legacy Foundation (AFLF) and BEYOND Expo. GEF is known for its global investment forums featuring high-profile names from the finance world.

The 2025 agenda seeks to cover a wide range of topics, including multigenerational wealth planning, institutional investment strategies, global market outlooks, technology-driven innovation, and philanthropy.

Over the years, some of the world’s most influential establishments have participated in GEF, including Dalio Family Office and Philanthropies, Hong Kong Monetary Authority, Abu Dhabi Investment Authority, Australian Retirement Trust, HESTA (Australia), Tamasek, TIAA, GE Pension, IBM Retirement Trust, Rockefeller Foundation, Blue Pool Capital, Cornerstone Group Family Office, Quilvest (France), Declaration Partners, Howard Family Office, and The Li Family Office.

While the full speaker lineup has not yet been announced, previous GEF events have featured renowned figures such as Ray Dalio, Founder and CIO Mentor of Bridgewater Associates; Alan Greenspan, former Chairman of US Federal Reserve; Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA); Michael Spence, Nobel Laureate Economist; Nouriel Roubini, Economist and Professor at NYU Stern; Cathie Wood, Founder, CEO and CIO of ARK Invest; David Rubenstein, Co-Founder and Co-Chairman of The Carlyle Group, among others.

Expert panels, keynote speeches, and networking opportunities

The forum will cover topics such as:

• The Future of Family Wealth

• Institutional Investing & Market Outlook

• Frontier Technology and Cutting-edge Innovation

• Global Asset Allocation

• Sustainable Impact and collaborative philanthropy

• Industry Spotlights

Shining the spotlight on wealth and finance

Jason Ho, co-founder of BEYOND Expo, said the summit reflects Asia’s increasing influence in the investment world. “This platform helps spotlight the region’s growing leadership in wealth and finance, while also fostering global connections,” he said.

Dr Gang Lu, also a co-founder of BEYOND Expo, added: “Investment strategies and wealth preservation are evolving quickly. Through this summit, we aim to shape conversations that will influence the next decade of decision-making.”

Michael Zhu, Chair of AFLF, noted that the event has become an important meeting point for families and institutions navigating the complexities of legacy and investment. “We’re building on last year’s momentum with broader participation and deeper discussions,” he said.

GEF co-founder Jim Aiello said the partnership opens new pathways into Asian markets. “Bringing the forum to Macao allows us to tap into the region’s most dynamic opportunities and expand the global investment dialogue.”

Registration for investors and industry professionals

While the BEYOND Wealth Summit is limited to guests by invitation only, the BEYOND Expo, which runs from May 21–24, offers open registration for investors and industry professionals. Events include panel sessions, networking lounges, gala dinners, and a charity golf tournament designed to encourage informal engagement among participants.

To register for the BEYOND Wealth Summit 2025: View the full schedule of BEYOND Wealth Summit speakers and events, and to request an invitation, please visit: www.beyondexpo.com/wealth-summit/.

To register for the Investor Pass at BEYOND Expo 2025, GPs and investors: Secure your Investor Pass now to take advantage of the early-bird offer. Don’t miss this opportunity to connect and network with peers, LPs, and the broader tech and innovation community. Book your pass at www.beyondexpo.com/registration.

For more details or to register, visit www.beyondexpo.com.

Michael Gomes

With over 35 years of experience in journalism, copywriting, and PR, Michael Gomes is a seasoned media professional deeply rooted in the UAE’s print and digital landscape.

Announcements

UAE fuel prices for June announced: Petrol edges closer to Dh4 a litre

Published

7 hours ago

May 31, 2026

Michael Gomes

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The UAE announced revised fuel prices for June 2026, with motorists set to pay significantly more for petrol while diesel costs decline compared to the previous month.

The latest adjustment is particularly notable as it marks the country’s first monthly fuel pricing update since formally leaving both OPEC and OPEC+ earlier this year.

Beginning June 1, Super 98 petrol will be priced at Dh3.95 per litre, up from Dh3.66 in May. Special 95 will rise to Dh3.83 per litre from Dh3.55, while E-Plus 91 will increase from Dh3.48 to Dh3.76 per litre.

In contrast, diesel users will benefit from a reduction, with prices falling from Dh4.69 per litre in May to Dh4.33 in June.

The latest increase extends a three-month upward trend in petrol prices, reflecting ongoing volatility in global energy markets and fluctuations in crude oil prices.

Impact on residents

For households across the UAE, fuel price movements remain a key economic indicator, influencing transportation costs, daily commuting expenses and overall household budgets. Rising petrol prices can have a noticeable impact on monthly spending, particularly for residents who rely heavily on private vehicles.

The June pricing announcement comes just weeks after the UAE officially ended its six-decade membership in OPEC and OPEC+, a move that took effect on May 1, 2026.

The revised prices will come into effect from June1, 2026.

Business

UAE waives Dh834 million in debt interest for low-income retirees

Published

5 days ago

May 26, 2026

Michael Gomes

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In a major humanitarian initiative announced ahead of Eid Al Adha, the UAE has approved the cancellation of accumulated interest and profit charges on loans owed by low-income retirees across the country.

The financial relief package, launched under the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and closely followed by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, is being implemented by the Defaulted Debts Settlement Fund in partnership with several UAE banks.

Valued at more than Dh834 million, the initiative is designed to ease financial pressures on 2,339 senior citizens while strengthening social stability and supporting family wellbeing across the country.

The initiative specifically targets Emirati retirees aged 50 and above who fall within limited-income categories.

Under the mechanism announced, participating banks will waive future interest and profit charges on outstanding loans while beneficiaries continue repaying only the original loan amount through flexible payment schedules.

Among the banks contributing to the initiative, Abu Dhabi Commercial Bank Group accounted for the largest share at Dh655 million, followed by First Abu Dhabi Bank with Dh150 million. Abu Dhabi Islamic Bank contributed Dh18.5 million, while Emirates NBD Group and Emirates Islamic Bank jointly provided Dh6.7 million.

Other participating institutions included Dubai Islamic Bank with Dh2.3 million, Commercial Bank of Dubai with Dh792,000, Sharjah Islamic Bank with Dh716,000 and the National Bank of Ras Al Khaimah with Dh566,000.

Officials confirmed that beneficiaries will be contacted directly by participating banks and financial institutions regarding the implementation process and revised repayment arrangements.

Business

What the UAE’s new poultry Premium Mark label means for shoppers

Published

6 days ago

May 25, 2026

Michael Gomes

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Chicken shopping in the UAE is about to change, with a new government-backed Premium Mark set to appear on selected locally produced poultry products from June.

The initiative, launched by the Abu Dhabi Quality and Conformity Council (ADQCC), aims to help shoppers quickly identify chilled chicken products that meet higher standards for food safety, quality, sustainability and production practices.

Retailers say UAE consumers are becoming far more selective about what they buy, especially when it comes to fresh poultry.

The certification will apply to producers that meet advanced standards across the poultry supply chain, including farming methods, feed quality, inspections and final product quality.

The rollout will begin in phases from June with selected Abu Dhabi poultry producers. Participation is voluntary, but industry players believe the label could strengthen consumer confidence in UAE-made products and help local brands compete more strongly against imported premium poultry.

Officials also said the framework could later expand to include eggs, dairy and red meat products.