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Middle East Set For $1 Trillion Generational Wealth Transfer By 2030, With Technology At The Forefront

by THEFUTURE.TEAM

January 30, 2025

The Middle East is set to witness an unprecedented $1 trillion transfer of wealth by 2030, with High Net Worth individuals (HNWIs) in the UAE experiencing significant growth in assets, which have surged by 20% since 2022 to hit $700 billion. This historic wealth transition is made all the more complex by the increasingly diversified nature of assets, which now encompass everything from traditional real estate and investments to digital assets like cryptocurrency.

Emerging digital technologies such as artificial intelligence (AI), blockchain, smart contracts, and tokenization are offering promising solutions to streamline and secure this generational wealth transfer, addressing the rising demand for transparency and efficiency in asset distribution. According to Mohammad Alblooshi, CEO of DIFC Innovation Hub, “We are at the crossroads of a monumental generational wealth shift in the Middle East, at a time when wealth portfolios are increasingly complex.”

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Increased Complexity In The Inheritance Process

Despite the potential of new technologies, the wealth transfer process remains incredibly complicated. A recent report from DIFC Innovation Hub, Julius Baer, and Euroclear reveals that only 24% of HNWIs have comprehensive estate plans in place. Many families are overwhelmed by the task of managing diverse assets and the allocation process, with over half of them citing the challenge of organizing wealth across large families as too time-consuming and complex.

Historically, inheritance was limited to physical assets like land or gold, but today’s wealth is spread across multiple asset classes, including real estate, investments, art, and even crypto. The changing nature of wealth demands a corresponding evolution in the processes that support it, creating the need for a new ecosystem to manage this growing complexity.

Human Factors Hampering Wealth Transfer

The wealth transfer system, however, faces significant barriers due to human challenges. A substantial 73% of wealth holders are reluctant to engage in discussions about legacy planning, even with their most trusted advisors, which can delay or complicate wealth transfers. Over half of all wealth transfers face delays due to insufficient preparation, legal hurdles, and probate processes that can extend up to 12 months. This often results in wealth being temporarily inaccessible, subjected to legal scrutiny, and incurring hefty fees, which weakens the financial legacy passed on to future generations.

Digital Technology As A Key To Preserving Wealth

To address these challenges, wealth managers in the Middle East must rethink how they approach the transfer of assets. Digital innovations, particularly blockchain and AI, are beginning to reshape the inheritance landscape by offering greater visibility, faster transfers, and fewer obstacles. As Alireza Valizadeh, CEO of Julius Baer Middle East, explains, “The onset of digital assets calls for a new approach to legacy management that promotes readiness and reduces friction.”

The Role Of Regulation In Building Trust

For these new technologies to gain widespread acceptance, regulatory support will be crucial. A unified approach between wealth managers, service providers, and regulators will help build a secure, scalable wealth transfer platform that not only protects assets but ensures equitable distribution, securing long-term financial stability for future generations.

As the Middle East moves toward a digital-driven future, these advancements will play a pivotal role in preserving wealth across generations.

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EU Moderates Emissions While Sustaining Economic Momentum

by THEFUTURE.TEAM

November 15, 2025

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.