About 78 per cent of new wealth builders (NWB) in the Middle East do not consider themselves wealthy, with 17 per cent of them having earned their wealth from real estate investments and land developments, according to a report.
Kuwait Finance House - Bahrain (KFH-Bahrain) has launched its wealth management department offering new premium investment and asset management services which will focus on a unique class of clientele.
“As part of our effort
Yemeni ex-president Ali Abdullah Saleh is suspected of corruptly amassing as much as $60 billion, equivalent to Yemen's annual GDP, during his long rule, and colluding in a militia takeover last year, UN-appointed investigators have told the
Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of Bahrain, has been ranked among the world's most transparent sovereign wealth funds.
Mumtalakat was rated 10 out of 10 in the 2015 Linaburg-Maduell Transpar
Hidden behind a pile of sand, a tank points its gun towards Libya's biggest oil port on the other side of an invisible frontier that now divides the north African nation.
Factions fighting for control of Li
More than half the world's wealth will be owned by just one per cent of the population by next year as global inequality soars, anti-poverty charity Oxfam said on Monday.
In a report released ahead of this week's annual me
Saudi Arabia's Finance Minister said there was no need for the kingdom to create a sovereign wealth fund to manage its oil wealth, rebuffing suggestions by prominent officials and businessmen.
At present, the surplus petrodoll
Billionaire wealth in the UAE surged to $132 billion in 2014 from $45 billion last year, marking a worldwide record increase of 193 per cent, a report said.
The number of billionaires in the UAE also increased to 46 from 37 in 201
Family businesses in Bahrain need to grow 15 to 20 per cent a year just to maintain the same level of wealth across generations, according to expert analysis.
KPMG Bahrain audit partner and family business head Harish Gopinath tol
A wealth-X list of India's richest individuals has been released revealing the top 5 entrepreneurs who collectively control $85.5 billion in personal wealth.
All five entrepreneurs on the wealth-X list made their fortunes through th