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StanChart unveils Islamic solutionsStandard Chartered Private Bank has announced the launch of a comprehensive suite of Islamic financial solutions mainly aimed at its high net worth individuals (HNWI) customers. The solutions include fiduciary deposits, property financing, More… |
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Real estate safe bet say Qatar investorsAmost all of Qatari high net worth individuals (HNWIs) who participated in a survey indicated that they are currently invested in the real estate sector. Qatari respondents in the survey by Barclays Wealth expressed a p More… |
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Middle East millionaires' wealth totals $1.7 trillionThe number of millionaires in the Middle East swelled 10.4 per cent in 2010 to 400,000, while their wealth jumped 12.5 per cent to $1.7 trillion, a report said. Meanwhile, the ranks of millionaires in Asia for the first time surpassed Eur More… |
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Mideast HNWIs wealth surges to $1.7trnThe Middle East witnessed one of the biggest growth in high net worth individuals (HNWIs) population which surged by 10.4 per cent to 440,000, and their combined wealth increasing by 12.5 per cent to $1.7 trillion, said a report. The More… |
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Gulf HNWIs 'show complex behaviour in investing'In the Middle East, high net worth individuals (HNWIs) show complex behaviour towards investing and financial decision making, says the latest report in the Barclays Wealth Insights series. In Saudi Arabia, HNWIs revealed a tendency to pur More… |
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Middle East wealthy rise 7.1pc in 2009The total HNWI (high net worth individuals) population in the Middle East rose 7.1 per cent to 400,000, returning to 2007 levels, and their combined wealth increased 5.1 per cent to $1.5 trillion, a report said. The 14th annual World Wealt More… |
Rich splurge money despite market turmoilDespite rising costs and financial market turmoil, high net worth individuals (HNWIs) and ultra-high net worth individuals (Ultra-HNWIs) last year spent considerable amounts of their wealth on ‘investments of passion’. According to the 12t More… |
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UAE will stick to Opec dealThe United Arab Emirates would only increase oil production as part of a decision agreed by all of Opec, Oil Minister Mohammed Al-Hamli said on Wednesday. The statement has dashed faint hopes that UAE might follow recent Saudi boosts. More… |
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ME super-rich's wealth poised to hit $3.4 trillionThe total value of super-rich or high-net worth individuals (HNWI) in the Middle East region is poised to grow from BD642 billion ($1.7 trillion) last year to BD1.285 trillion ($3.4 trillion) by 2012, according to a global study. The More… |
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GCC investors' wealth to hit $3.8 trillionWealth held by high net worth individuals (HNWI) in the GCC, those with investable wealth of more than $1 million, is expected to grow from $2.1 trillion last year to $3.8 trillion by 2012. In a report published on Thursday, 'The Future o More… |
