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
International asset management firms are showing renewed interest in setting up in the Gulf, drawn by markets performing better than those in more volatile emerging economies.
Despite high incomes and large sovereign wealth funds,
The most startling part of Washington's sanctions on Russian businessmen loyal to President Vladimir Putin may be a single sentence that contains an explosive allegation: that Putin himself profits from the world's No 4 oil trading compa
The European industrial and logistics real estate market saw more investment from sovreign wealth funds (SWF) in the Middle East, said a report.
It has attracted more than 14 billion euros ($19.1 billion) of investment in 2013, th
Private wealth is increasingly shaping the world’s real estate markets and the use of private equity in major property deals worth at least $10 million has nearly trebled since 2009, said a report.
Real estate now accounts f
Saudi Fransi Capital has won the ‘Best Wealth Manager’ award at the 2013 Islamic Business and Finance Awards from CPI held in Dubai recently.
The bank was recognised for its wide range of products and excellent level o