Sunday 23 September 2018
 
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Abu Dhabi tops in number of rich households in ME

Abu Dhabi boasts the highest number of households earning more than $250,000 in the Middle East with 270,686, said The Wealth Report, launched today, by Knight Frank.   This number is forecast to grow seventh fas

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Abu Dhabi tops in number of rich households in ME

Abu Dhabi boasts the highest number of households earning more than $250,000 in the Middle East with 270,686, said The Wealth Report, launched today, by Knight Frank.   This number is forecast to grow seventh fas

More…

Saudi firm eyes stake in Accor property unit

Saudi Arabia's Public Investment Fund (PIF) is in talks with international hotel operator Accor to acquire a 15 per cent stake of its property business, said a report. The potential transaction could value to SR28.66 billion (

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Bahrain's credit rating ‘backed by wealth values’

Bahrain's Ba2 credit rating with a negative outlook is supported by the country's high wealth levels, a diversified economy and the positive net international investment position, Moody's Investors Service said in a report.

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Instability, oil price main concern for HNWIs

Political instability, conflict and threat of terrorism, along with a possible oil price decline are the primary concerns of high net-worth individuals (HNWIs) in the GCC region, according to a new study. For both the global and r

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Instability, oil price main concern for HNWIs

Political instability, conflict and threat of terrorism, along with a possible oil price decline are the primary concerns of high net-worth individuals (HNWIs) in the GCC region, according to a new study. For both the global and r

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Barclays reinforces wealth and investment management team

Barclays announced today the appointment of three new senior bankers in its Wealth and Investment Management division for Middle East and North Africa (Mena). Antoine Roger Chemali and David Stephan both join Barclays Wealth and I

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8 men control same wealth as poorest half of world: Oxfam

New estimates show that just eight men own the same wealth as the poorest half of the world and as growth benefits the richest, the rest of society – especially the poorest – suffers, says an Oxfam report. The very des

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8 men control same wealth as poorest half of world: Oxfam

New estimates show that just eight men own the same wealth as the poorest half of the world and as growth benefits the richest, the rest of society – especially the poorest – suffers, says an Oxfam report. The very des

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Quilter Cheviot opens office in Dubai

Discretionary investment management company Quilter Cheviot, part of Old Mutual Wealth, which can trace its heritage back to 1771, has been granted approval to open a new representative office in the Dubai International Financial Centre (DIFC) u

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