UAE investors concerned about war impact, rising inflation

UAE investors concerned about war impact, rising inflation

While 85 per cent of the UAE investors expect the war to increase inflation vis-a-vis 92 per cent globally, 43 per cent of those from the Emirates who took part in the survey believe inflation will last longer than 12 months

While 85 per cent of the UAE investors expect the war to increase inflation vis-a-vis 92 per cent globally, 43 per cent of those from the Emirates who took part in the survey believe inflation will last longer than 12 months. — AFP file photo

Published: Thu 5 May 2022, 3:55 PM

High-net-worth investors in the UAE and across the world remain deeply concerned about the impact of the war in Ukraine on the global economy and rising inflation, according to the new quarterly Investor Sentiment survey from UBS, the world’s leading global wealth manager.

While 85 per cent of the UAE investors expect the war to increase inflation vis-a-vis 92 per cent globally, 43 per cent of those from the Emirates who took part in the survey believe inflation will last longer than 12 months.

The survey, which polled across 14 markets over 2,500 investors and 1,000 business owners with at least $1 million in investable assets, found more than half believe inflation