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
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
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
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
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
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 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
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
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
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