Back to all brand-view news

Capital Haus enters the UAE with a clear view on the future of private wealth management

The Australian-founded financial services group has secured its DIFC licence and opened in Dubai, bringing a cross-border wealth model built around transparency, client participation, and long-term advisory relationships

Gulf Business
Gulf Business

02 June, 2026

Capital Haus enters the UAE with a clear view on the future of private wealth management

TT

16

Dubai’s wealth management market has expanded rapidly in recent years, driven by the movement of global capital, the growth of family offices, and the UAE’s position as a gateway between East and West. With that growth has come a crowded advisory landscape, where credibility, regulatory depth, and client trust have become increasingly important.

Capital Haus enters this market with a clear point of difference. The Australian-founded financial services group has secured its DIFC licence, established a Dubai office, and introduced a model that its founder, Brendan Gow, describes simply: “We do it with you, not for you.”

That distinction sits at the centre of the firm’s approach. In a market where clients can often feel distant from decisions made about their own capital, Capital Haus is built around transparency, personal involvement, and a close working relationship between advisor and client. These are not external brand messages for the firm. They are the principles on which the business was founded.

From Sydney to Dubai

Capital Haus was founded in Sydney in 2019. Since then, it has grown from 15 clients and approximately $5 million in assets under management to around $1.2 billion across approximately 7,000 clients and 65 staff. That expansion has been achieved without raising institutional capital or selling equity. Instead, the firm has grown through a disciplined mergers and acquisitions strategy funded through its own cash flow.

Its first acquisition tripled assets under management and increased revenue. In December 2025, Capital Haus acquired Baker Young, a 40-year-old Australian private wealth firm with a long history in stockbroking and funds management. Capital Haus says it was selected ahead of firms with longer operating histories, with the decision shaped by brand, vision, and strategic fit rather than price alone.

A similar outcome followed in Singapore, where the firm won an acquisition process against UBS on the same terms. For Capital Haus, the pattern reflects a broader strategy: competing through clarity of thinking, culture, and long-term vision rather than scale alone.

“The Middle East rewards ambition, but it demands seriousness from firms that want long-term relevance. We are entering this market with regulatory depth, operational infrastructure, and a philosophy that puts client relationships before short-term revenue.”
— Brendan Gow

Image credit: Supplied

The Australia-UAE wealth corridor

Capital Haus’s entry into the UAE is more than a geographic expansion. It reflects the growing movement of capital, families, and business interests between Australia and the Middle East.

For Middle Eastern families and entrepreneurs, Australia offers stability, regulatory transparency, and access to alternative investment opportunities. For Australian businesses and investors, the UAE provides access to emerging markets, a strategic base between East and West, and an internationally connected platform for growth.

Capital Haus sits at the intersection of these two flows. With Australian market expertise, international infrastructure, and multi-jurisdictional regulatory standing, the firm is positioned to support clients whose wealth, families, and business interests extend across borders.

Its founding philosophy, “Global Vision, Local Insight,” was developed for this client profile. It reflects Gow’s view that many financial services firms remain too domestically focused to properly serve internationally minded clients.

Regulatory credibility in a crowded market

For Capital Haus, its DIFC licence is central to its UAE proposition. In a market where the gap between regulated advisors and transactional operators has widened, regulatory credibility has become a key factor for clients assessing long-term advisory relationships.

Alongside its oversight by the Australian Securities and Investments Commission and its Luxembourg presence, Capital Haus offers clients a multi-jurisdictional framework. For families managing intergenerational wealth, or businesses operating across borders, that regulatory structure provides an important layer of confidence.

The firm is also formally qualified across its advisory team, a distinction that further supports its positioning in a market where professional standards can vary significantly.

A platform built for cross-border clients

Capital Haus offers services across stockbroking, private wealth management, financial advice, portfolio management, funds management, accounting, corporate advisory, corporate finance, and research. This breadth allows clients to coordinate their wealth across jurisdictions without relying on multiple disconnected service providers.

The firm has also developed capabilities that are uncommon among advisory businesses of its size. Its in-house media division, IHM, supports thought leadership and client education, while its technology strategy favours ownership and control through proprietary and white-labelled platforms. This gives the business room to scale while maintaining consistency in the client experience.

For UAE-based partners, family offices, and institutions, the platform also creates strategic opportunities. Capital Haus’s cross-border licensing, white-label capability, and acquisition experience provide potential pathways for regional businesses seeking access to Australian markets or broader international wealth infrastructure.

What the UAE market needs now

Dubai’s wealth management market is evolving. First-generation entrepreneurs are planning for succession. Family offices are diversifying beyond real estate and traditional asset classes. A younger generation of investors expects transparency, digital access, and a more active role in how their wealth is managed.

These are the conditions Capital Haus was built to address. Its model brings together intergenerational wealth planning, access to alternative investments and ASX-listed opportunities, and a service approach that combines institutional capability with personal attention.

Capital Haus is not positioning itself as the largest wealth manager in the region. Its ambition is more focused: to become a trusted cross-border advisor for clients and families operating between Australia, the Middle East, and global markets.

Capital Haus is an Australian-founded financial services group operating across private wealth management, stockbroking, funds management, corporate advisory, and research. The firm is headquartered in Sydney, with offices in Dubai’s DIFC and Luxembourg, and is developing operations in Singapore and London.

Bahrain bans citizens from traveling to Iran and Iraq amid regional tensions

It said the move was intended to protect national security and ensure the safety of citizens

Nida Sohail
Nida Sohail

02 June, 2026

Bahrain bans citizens from traveling to Iran and Iraq amid regional tensions

TT

16

Bahrain has banned citizens from traveling to Iran and Iraq until further notice, citing regional security concerns, the interior ministry said Tuesday.

The ministry said it had decided to prohibit travel to both countries due to the current security situation and the “repercussions of the Iranian aggression,” according to an Arab News report.

It said the move was intended to protect national security and ensure the safety of citizens. The statement added that legal action would be taken against violators, state news agency BNA reported.

Iran and its proxies in Iraq have launched attacks against Gulf countries, including Bahrain, since the start of the US-Israeli conflict with Iran.

DMCC launches incentives package to cut costs for 26,000 Dubai businesses

New companies can benefit from a 10 per cent discount on one-year licence packages and a 20 per cent discount on multi-year business set-up packages, subject to certain programme exclusions

Rajiv Pillai
Rajiv Pillai

02 June, 2026

DMCC launches incentives package to cut costs for 26,000 Dubai businesses
Image: Dubai Media Office

TT

16

DMCC has launched a targeted acceleration initiative aimed at helping businesses reduce operating costs, improve cash flow and strengthen growth prospects across its ecosystem of more than 26,000 member companies.

The package introduces a range of financial incentives, fee waivers and operational flexibilities designed to support companies as they navigate evolving global market conditions while enhancing Dubai’s competitiveness as a business and investment hub.

At the core of the initiative are licence renewal incentives for existing members, with discounts of up to 25 per cent available for companies committing to multi-year renewals. Businesses renewing for two years will receive a 15 per cent discount, rising to 20 per cent for three-year renewals and 25 per cent for five-year commitments.

DMCC is also encouraging business expansion within its ecosystem by offering a 20 per cent discount on additional licences for existing members.

The initiative includes the waiver of penalties of up to Dhs5,000 for late licence renewals and Dhs1,000 for late Business Centre lease renewals. DMCC has also introduced temporary administrative flexibilities and operational adjustments aimed at easing compliance requirements for member companies.

In addition, businesses operating outside the Flexi Desk model will be able to transition to Flexi Desk facilities without paying security deposit or change-of-address fees.

Ahmed Bin Sulayem, executive chairman and chief executive officer, DMCC, said: “Companies today are navigating a global business environment that is moving faster and becoming more competitive. Through this targeted acceleration package, DMCC is enabling our members to grow more efficiently and confidently by introducing greater flexibility across licence renewals, streamlining administrative processes and unlocking more effective use of existing resources. We are also creating clearer pathways for business expansion and new company formation, ultimately supporting our members scale more efficiently, strengthen their long-term resilience and continue pursuing new opportunities with ease in global markets.”

Alongside measures aimed at supporting existing companies, DMCC has introduced incentives to attract new businesses to its ecosystem.

New companies can benefit from a 10 per cent discount on one-year licence packages and a 20 per cent discount on multi-year business set-up packages, subject to certain programme exclusions.

Additional incentives are available for companies establishing operations within DMCC Premium Offices at Jewellery & Gemplex, where businesses can secure savings of more than 15 per cent on one-year packages and over 20 per cent on multi-year commitments.

Read: Dubai rolls out Dhs1bn support package: easing costs, boosting businesses

DMCC said Jewellery & Gemplex offers premium office space within one of its most established commercial ecosystems, providing businesses with access to a connected environment designed to support collaboration and long-term growth.

The free zone has also expanded its consultant incentive programme to accelerate company formation, increasing commission payments and broadening eligibility to include all successful registrations completed during the promotional period.

DMCC said the initiative forms part of its broader strategy to continuously enhance its value proposition by aligning support measures with market conditions and enabling businesses at different stages of growth to scale more effectively.

The organisation added that the package is designed to stimulate new business inflows, support organic expansion and reinforce Dubai’s position as a leading global centre for trade, investment and entrepreneurship.

British American Tobacco sees faster growth in smoke-free products

The company is actively preparing to launch new products after a significant policy shift

Reuters
Reuters

02 June, 2026

British American Tobacco sees faster growth in smoke-free products
Image: Getty Images/Image for illustrative purpose

TT

16

British American Tobacco raised its forecast for revenue from smoking alternatives like vapes on Tuesday, partly thanks to strong demand in the US, where the company is actively preparing to launch new products after a significant policy shift.

The Lucky Strike and Dunhill cigarette maker is leaning further into smokeless products to drive growth, as the FDA’s decision to exercise enforcement discretion on certain unauthorized nicotine products opens the door for the firm to roll out new versions of its Vuse vapes and Velo pouches in its largest market.

BAT now expects annual revenue growth from its new category segment to be in the mid-teens, up from its prior forecast of low double-digit growth.

UAE to get a public holiday in June: Will it become a long weekend?

This occasion represents the formal transition into the new Hijri calendar year and is observed as a statutory non-working day for both public and private sector employees

Nida Sohail
Nida Sohail

02 June, 2026

UAE to get a public holiday in June: Will it become a long weekend?

TT

16

The UAE maintains a structured and legislated public holiday framework under federal law across government and private sector entities.

In accordance with UAE Cabinet Resolution No. (27) of 2024 regarding public holidays, the Hijri New Year (Muharram 1) is designated as an official one-day public holiday.

Update-UAE declares June 15 public holiday for Hijri New Year

In 2026, the Hijri New Year marking the commencement of the Islamic year 1448 is expected to fall on Tuesday, June 16, 2026, subject to official moon sighting confirmation by competent UAE authorities.

This occasion represents the formal transition into the new Hijri calendar year and is observed as a statutory non-working day for both public and private sector employees under the applicable federal resolution.

Holiday calendar overview

Following the Hijri New Year in June 2026, the remaining official public holidays are concentrated in the latter half of the year. These include the Prophet Muhammad’s Birthday (Rabi’ Al Awwal 12), observed as a one-day holiday subject to lunar calendar confirmation, and subsequently the UAE National Day holidays on December 2 and 3, which are formally designated as a two-day national holiday period under federal law.

Collectively these observances conclude the 2026 public holiday calendar cycle, with the National Day marking the most structurally significant fixed-date commemoration in the national schedule, reflecting the federation’s establishment and its continued institutional continuity. The framework continues to provide clarity for employers and employees planning operational schedules across the year in the UAE economy overall.

Presight’s Dr Adel Alsharji on building the future of AI-powered government

Presight’s COO shares why scaling AI across government is a systems engineering problem, not a technology one and how Abu Dhabi is becoming the world’s blueprint for sovereign AI

Neesha Salian
Neesha Salian

02 June, 2026

Presight’s Dr Adel Alsharji on building the future of AI-powered government
Image: Supplied

TT

16

When Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, set a target for half of all UAE government services to be powered by AI agents within two years, the ambition was clear. The execution, as ever, is the harder part.

Few are closer to that challenge than Dr Adel Alsharji, COO of Presight, the Abu Dhabi-listed AI and big data company that has become one of the UAE’s primary delivery engines for national-scale artificial intelligence. Already reporting a 22.2 per cent revenue increase in Q1 2026 alongside double-digit growth in EBITDA and profit after tax, and with systems that process over two million government decisions every day, Presight is no longer talking about what AI could do for public service; it is the infrastructure quietly doing it.

Recent months have seen the company deepen its footprint considerably, from a strategic partnership with Kazakhstan as the country accelerates its AI-driven transformation, to a commercially significant contract with Khazna Data Centers for an AI-powered unified command and control platform, and a partnership with the Federal Competitiveness and Statistics Centre to build a unified national AI-powered data and statistics platform. In March,

Presight also unveiled the first six companies selected for investment through its AI Innovation Ecosystem, backing the next generation of intelligent systems technologies at national and enterprise scale.

Yet for all the momentum, Alsharji is measured in his assessment of where the hard work lies. Data quality, workforce integration, edge-case reliability at scale — these, he states, are the unglamorous fundamentals that determine whether AI pilots become mission-critical infrastructure or remain permanently at proof-of-concept stage.

In this interview with Gulf Business, he sets out where agentic AI is already delivering in the UAE government, where it is still falling short, and why Abu Dhabi has become the model other governments are now travelling to replicate.

With the UAE leadership’s mandate to have 50 per cent of government services powered by AI agents within two years, where are the biggest execution risks right now?

Execution at this level comes down to getting two fundamentals right. The first is data readiness. Many agentic AI use cases are conceptually strong but struggle to move beyond early deployment because the underlying data is fragmented, unstructured, or difficult to access.

Without well-organised, high-quality data, agents cannot operate reliably or deliver consistent outcomes.

The second is workforce integration. The priority is not just deploying AI agents but embedding them into day-to-day government operations in a way that complements human roles. If these workflows are not carefully integrated, they can introduce duplication or friction rather than improving efficiency and service delivery.

Everyone talks about AI pilots, but far fewer reach scale. What’s the hardest part of turning agentic AI into embedded, mission-critical infrastructure inside government?

The real challenge is making these systems perform reliably within complex, real-world environments. In government settings, agentic systems must operate across legacy infrastructure, fragmented data environments, and multiple agencies, all while maintaining consistency, speed, and accuracy. These are dynamic, high-stakes conditions where systems need to work every time. The pressure increases as deployment expands. Performance that holds in a pilot can break down when exposed to thousands of scenarios, edge cases, and continuous user interaction. This is where robustness, testing, and system design become critical.

Ultimately, this is a systems engineering problem. Embedding agentic AI into infrastructure requires the same standards of reliability, resilience, and governance expected of any mission-critical system.

Across deployments like TAMM and healthcare use cases, where AI agents have clearly delivered better outcomes, where are they still falling short?

We are already seeing measurable impact in real-world environments. Across Presight’s deployments with UAE government entities, our systems are processing over two million decisions per day, handling more than 100 petabytes of data annually, with response times under three seconds, less than 0.01% downtime, and zero security breaches to date. In practical terms, this translates into tangible outcomes. On the TAMM platform, services are becoming more integrated, responsive, and outcome-driven.

Within the Department of Health in Abu Dhabi, AI agents are being used to dynamically coordinate patient flows during emergencies, optimising hospital allocation, ambulance routing, and system-wide readiness. In other areas, such as civil defence and urban planning, agents are enabling more proactive decision-making through simulation and predictive modelling. As these systems scale, the focus now shifts to handling edge cases and variability at scale.

Systems can still struggle with highly unstructured data, unexpected inputs, or scenarios that fall outside their training distribution. Closing this gap is a key focus as deployments continue to mature.

With G42’s AI Agent Factory, how scalable and repeatable is agent development today, and where does Presight fit in that stack?

Agent development is rapidly becoming more scalable and repeatable. G42’s AI Agent Factory is designed to industrialise how agents are built, trained, and deployed, moving away from bespoke development towards standardised, production-ready pipelines. This significantly accelerates the ability to deploy agents across multiple use cases and sectors.

Within that ecosystem, Presight serves as the primary delivery engine, responsible for translating these capabilities into operational systems for government and enterprise clients. We are already deploying agents across our government engagements, demonstrating that this model can scale in practice, not just in theory.

You emphasise augmentation, but in practical terms, which roles are most exposed to automation, and how quickly will government workforce structures need to evolve?

The impact is best understood at the level of tasks rather than entire roles. Most government roles include a significant proportion of administrative and process-driven work, such as handling applications, coordinating workflows, and managing data. These are the areas where AI agents can have the most immediate impact, by reducing manual effort and increasing speed and consistency. This is a shift from automation for efficiency to augmentation for impact.

As agents take on routine tasks, human roles move toward judgment, oversight, and citizen-facing service delivery. The objective is to elevate human contribution by removing administrative burden and enabling more effective decision-making. In terms of timing, this transition is already underway and is likely to accelerate over the next few years, requiring governments to actively rethink workforce structures, skills, and training.

As these systems move into critical areas like healthcare and civil defence, how are you managing risk, accountability, and failure scenarios at scale?

As AI systems become mission-critical, the approach to risk must evolve accordingly. Our systems are designed to be sovereign, secure, and resilient by design, ensuring that data governance and regulatory requirements are fully met.

Equally important is the integration of clear governance frameworks, with transparency, accountability, and human oversight embedded at every layer of the system. We also draw on extensive experience operating in highly regulated, mission-critical sectors, including healthcare, energy and financial services. This informs how we design for reliability, implement continuous monitoring, and plan for failure scenarios.

Ultimately, these systems must meet the same standards as any critical national infrastructure, with robust safeguards, clear accountability, and the ability to operate reliably under pressure.

Presight has been expanding beyond the UAE. What does your current international pipeline look like in terms of signed deals versus active bids, and which markets are gaining traction?

Our international expansion is being shaped by governments prioritising sovereign AI capabilities and national-scale system transformation. More and more, they are moving beyond isolated deployments and looking to embed intelligence into core infrastructure. We are seeing that translate into real momentum across multiple regions.

Recent collaborations in markets such as Kazakhstan and Albania reflect this, with governments looking to replicate elements of the Abu Dhabi model, integrating infrastructure, data platforms, and AI-driven applications into unified systems. What is changing now is the shift from interest to implementation, and that is what is driving sustained international growth.

In international tenders, you’re up against players like Palantir Technologies and hyperscalers. Where does Presight have a clear edge?

Our differentiation lies in both our model and our track record. We take a flexible approach to sovereign AI adoption, working with governments to design systems that align with their national requirements. This can include building local infrastructure within a country or leveraging models such as G42’s Digital Embassies.

At the same time, we bring the advantage of proven deployment at a national scale. Abu Dhabi is not a pilot environment; it is an operating example of how intelligence can be embedded across government systems, delivering measurable outcomes across sectors. What sets us apart is how these capabilities come together.

We focus on integrated, outcome-driven systems, combining data, AI agents, and operational workflows into a single, cohesive architecture. This goes beyond providing tools or analytics and enables governments to fundamentally redesign how they operate.

More news in brand-view