Saturday 28 March 2015
 
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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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Cash-flush Gulf banks grab top spots in loan market

Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms, elbowing aside some of the foreign banks which used to dominate lending. &nbs

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Global millionaire population booming, getting richer

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. The number

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Bahrain ranks high in rich households

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

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Super-rich heading for London as new crises bite

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

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Challenges of ‘resource-rich countries’ in focus

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

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Prince Alwaleed 'richest in Mideast'

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

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Rich nations' wealth gap widens as welfare cut

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

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