Thursday 30 June 2016
 
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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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Kaya launches ‘Plasma Rich Platelets’ for skin rejuvenation

Kaya Skin Clinic, a leading skincare clinic chain in the Middle East, has launched a new service ‘Plasma Rich Platelets,’ which reinforces Kaya’s positioning as the market leader in service offerings and expertise.

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Oil rich Gulf countries ‘receive relatively high FDI’

The oil rich countries in the Gulf - Saudi Arabia and Kuwait - are receiving relatively high foreign direct investment in the Middle East, according to a report. The report developed by Deloitte in conjunction with the Social Prog

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Private wealth in GCC doubles to $2.2 trillion

Private wealth in the GCC has doubled from $1.1 trillion in 2010 to $2.2 trillion in 2014 at an overall compound annual growth rate (CAGR) of 17.5 percent, according to a study. The study by management consultancy Strategy&, f

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Richest 1pc ‘will own more than the rest by 2016’

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

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