Thursday 26 April 2018
 
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wealthy

Nassef Sawiris tops Forbes Arab billionaires list

Construction and chemical tycoon Nassef Sawiris tops the 2018 Forbes Arab billionaires list with an estimated net worth of $6.6 billion.    He is followed by three Emirati business moguls -- Abdullah Al Ghur

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Wealthy 'take to the seas for unique experiences'

Wealthy Middle East travellers favour privacy, new experiences, and quality time with family above the offerings of traditional five-star resorts, Gulf Craft’s CEO has said.   Erwin Bamps said that his deal

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Wealthy 'take to the seas for unique experiences'

Wealthy Middle East travellers favour privacy, new experiences, and quality time with family above the offerings of traditional five-star resorts, Gulf Craft’s CEO has said.   Erwin Bamps said that his deal

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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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