Friday 21 July 2017
 
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Prince Alwaleed remains richest Arab: Forbes

Saudi Arabia’s Prince Alwaleed bin Talal remains the richest Arab with an estimated net worth of $18.7 billion, according to the Forbes Middle East. Forbes Middle East unveils in its April issue its 2017 rankings of the Worl

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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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Qatar, UAE top in average wealth in Mena

Qatar recorded the highest average wealth per adult of $161,700 in mid-2016, while the UAE followed closely with $151,100, according to the Global Wealth Report 2016. Average wealth in Mena declined by 2.6 per cent in the 12 month

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Richest 62 people own same as half world's population

The wealthiest 62 people now own as much as half the world's population, some 3.5 billion people, as the super-rich have grown richer and the poor poorer, an international charity said on Monday. The wealth of the richest 62 p

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Emirati super-rich 'donate $10m in lifetime'

Emirati ultra-high net worth (UHNW) philanthropists donate on average of $10.2 million per person over the course of their lifetime, according to a new report by Wealth-X and Arton Capital.   UHNW individuals globally donate $

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Decade-old rich-poor nation divide looms over climate talks

Among the stumbling blocks for a global climate deal in Paris is a decades-old UN view that divides the world into two camps - wealthy countries that bear the financial responsibility for climate change and developing nations that do not.

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330,000 millionaires in Mena region

The Middle East and North Africa (Mena) region accounted for about 330,000 millionaires in 2015 and the number is projected to rise by another 52 per cent to 500,000 adults by 2020, according to a report. Household wealth in the M

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DGCX launches new data enriched micro-website

The Dubai Gold and Commodities Exchange (DGCX) has launched the ‘Market Watch,’ a content rich micro-website that will provide in-depth analysis of trading data and price movements of DGCX products along with charts and market depth

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Gap between rich and poor 'is widening'

The widening gap between haves and have-nots in much of the developed world not only raises concerns about the fraying social fabric - it's also dramatically holding back economic growth, according to a new global study. Far f

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