Monday 31 August 2015
 
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Luxury brands eye prospects as millionaire numbers surge

A surge in the number of millionaires and a shift in luxury consumer behaviour in emerging markets in the coming decade present opportunities for brands that serve the wealthy, according to a new report. About $4.1 trillion will b

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Luxury brands eye prospects as millionaire numbers surge

A surge in the number of millionaires and a shift in luxury consumer behaviour in emerging markets in the coming decade present opportunities for brands that serve the wealthy, according to a new report. About $4.1 trillion will b

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Bahrain ranks global second in density of millionaires

Bahrain has the world's second-highest density of millionaires with 123 out of every 1,000 households holding private wealth greater than $1 million, according to a new report. The Boston Consulting Group (BCG)'s "Glo

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Bankers test technology to attract millionaires

No longer is schmoozing over long lunches and fine wines enough; Swiss private bankers are turning to video games and virtual reality to attract a new generation of sceptical clients and see off digital rivals. Technology is likel

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Wealth growth in the GCC outpaces global increase

Wealth growth in the GCC has outpaced global growth since 2000, a report said, highlighting that aggregate wealth per adult in the GCC grew by 236 per cent against 125 per cent for the world. Wealth per adult in the GCC has grown

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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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