Latest news and articles about wealthy families from NEX English
Wealthy family offices are increasingly investing in the oil and gas sector following a retreat by private equity funds due to environmental pressures. Oil prices have surged to over <strong>94 dollars</strong> per barrel since the onset of the conflict in Iran.
Reports indicate that wealthy families reduced their investments by <strong>25%</strong> in March due to tensions arising from the conflict in Iran. Despite this decline, some families are still pursuing significant deals.
Despite recent tax changes in the UK, some wealthy Gulf families are opening investment offices in London. This move reflects their desire to diversify investments and ensure sustainability in varied economic environments.