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
The number of millionaires worldwide grew by nearly 2 million last year and the group grew nearly 14 per cent richer, boosted by rising stock markets and improving economies, according to a study released on Wednesday.
Bahrain is ranked sixth in the world for its percentage of millionaire households, according to a new study from a global management consulting firm.
In its latest Global Wealth report, US-based The Boston Cons
Political and financial upheaval in some of the world's largest emerging economies is driving a new wave of rich migrants to London's supercharged property market as a place to park their wealth, data from a leading real estate agency sh
Abu Dhabi-based Masdar Institute of Science and Technology, an research-driven graduate-level university focused on advanced energy and sustainable technologies, is set to host a panel to tackle the economic and social challenges faced by resour
Saudi billionaire investor Prince Alwaleed bin Talal is the wealthiest man in the Middle East with an estimated personal fortune of $24.5 billion, according to a new report.
He heads Wealth-X’s list of th
A growing divide between rich and poor risks will grow still wider if cash-strapped governments keep cutting back the welfare state, an industrialised nations' think-tank warned on Wednesday.
Weighing into a debate on inequali
India should consider the argument for higher taxes on the "very rich", Finance Minister P Chidambaram said in comments likely to fuel speculation about steps he may take in next month's budget to boost tax flows