Tuesday 1 September 2015
 
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Luxury homes in big demand across ME, Europe

Ultra-high net worth (UNHW) individuals are buying up luxury homes in the EMEA (Europe, Middle East and Africa) region which offers major purchasing and investment opportunities, a report said. The report “Europe, Middle Eas

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Luxury homes in big demand across ME, Europe

Ultra-high net worth (UNHW) individuals are buying up luxury homes in the EMEA (Europe, Middle East and Africa) region which offers major purchasing and investment opportunities, a report said. The report “Europe, Middle Eas

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UAE wealthy to spearhead global property investment

A cosmopolitan lifestyle and increased disposable income are likely to be among the main factors that influence the selection of a real estate investment destination for buyers in the Middle East region, said a study by leading international rea

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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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Gulf banks start to muscle in on global bond deals

When the Kenyan government issued a debut $2 billion Eurobond last month, most of the lead arrangers were top Western and African banks. But there was a standout: Qatar's QNB Capital. After decades during which banks from the

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Egypt implements temporary tax increase for wealthy

Egypt's interim president, Adly Mansour, on Thursday signed into law a temporary five per cent income tax increase on individuals earning more than 1 million Egyptian pounds ($139,900) a year, state news agency Mena said. The tax will appl

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Egypt cabinet approves tax rise for wealthy

Egypt's government approved a temporary 5 per cent tax on wealthy individuals to fund social programs, the cabinet said in a statement. The tax rise, which will apply to those earning over one million Egyptian pounds ($142,200

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Gulf's wealthy happy with assests nearer home

Majority of the high networth individuals (HNWIs) in the GCC region are likley to invest in assets closer to home rather than globally mainly due to their confidence in the local economy, said a study. Globally, these super rich i

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GCC investors adopting new investment strategy

Many years of high oil price has enabled the wealthy Gulf investors to buy massive properties across the globe. Although there is no lull in their appetite for real estate, the way these groups are making investments is changing, said a report b

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Citi taps ME families to boost private bank

Citigroup Inc, one of the world's largest banks, is betting on wealthy Middle Eastern family firms who are in expansion mode to boost its private bank business, senior executives said. Citi's family office unit is part of

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