Tuesday 21 October 2014
 
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millionaires

Qatar tops the world in millionaire density

Qatar ranks first in the world with the highest density of millionaires, with 17.5 percent holding private wealth of at least $1 million, according to a new report. Kuwait is fifth with 9 per cent, while Bahrain (5.9pc) secured th

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GCC luxury spending spree 'on the rise'

GCC nationals spend 260 per cent more on airfares against other nationalities, with between 40-60 per cent booking business class travel, said an industry expert, adding that the number of millionaires in the UAE is set to grow at 12 per cent an

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Mercedes to revive luxury Maybach

Daimler is set to revive Maybach, a brand once coveted by oligarchs, rap stars and royals, to woo a growing class of ultra-wealthy clients in Asia and the US, a person familiar with the company's plans said. The brand will be

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Mideast, Africa wealth jumps to $4.8trn in 2012

Wealthy individuals in the Middle East and Africa saw the value of their assets rise by 9.1 percent to $4.8 trillion in 2012, a study by the Boston Consulting Group (BCG) showed, as strong economies and rising equity markets fuelled regional gro

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Qatar has highest density of millionaires

Qatar has the highest concentration of millionaires in the world with 143 out of every 1,000 households having private wealth of at least $1 million, according to a new report from Boston Consulting Group.   The

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450,000 millionaires in Mideast

The number of millionaires rose 2.7 percent to 450,000 in the Middle East, while weakening economies that roiled markets last year took their toll on the world's rich. Asia for the first time had more millionaires than North America, accor

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8,000 millionaires in Bahrain says study

Bahrain is fourth in the Gulf in number of millionaires per population pro-rata, said a study on wealth list by American Investment House, adding that the number surpassed 8,000. The study also affirmed that Bahrain’s financial position ha

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Facebook IPO to create 1,000 millionaires

The much anticipated initial public offering of Facebook could create at least a thousand millionaires and has sparked dreams of riches and adventure.   The IPO, in 2012, is expected to value Facebook at as much as $100 billion, whic

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Asia to add 1.66m super rich by 2015

Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world's fastest-growing major economies of China and India continue to mint millionaires, a report from Julius Baer said on Wedne

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Middle East millionaires' wealth totals $1.7 trillion

The 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

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