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G20 vows taxing global rich to mitigate climate disaster riskThe importance of financing for resilient infrastructure and early disaster risk warnings was the central theme of the first face-to-face meeting of the G20 Disaster Risk Reduction Working Group (DRRWG) which took place in Rio More… |
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UAE wealth to grow 5.5% to hit $1.3trn in 2027: reportThe United Arab Emirates (UAE) financial wealth is anticipated to experience a robust Compound Annual Growth Rate (CAGR) of 5.5% in new wealth, rising from $1 trillion to $1.3 trillion from 2022 to 2027, according to a new report by Boston Con More… |
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$629 TRILLION: Global wealth to rise 38% in five yearsGlobal wealth is likely rise by 38% over the next five years to reach $629 trillion by 2027, despite 2022 being the first year of wealth decline since 2008, says a key report. Growth by middle-income markets wi More… |
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Dubai has 67,900 millionaires says reportThe total number of high net worth individuals (HNWI) -- people with a wealth of $1 million or more -- is about 67,900 in Dubai as of June 2022, says a report. Strategy consultancy Webster Pacific h More… |
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Dubai’s high-end real estate market is ripe for pickingGavin Comerford, Projects Director at CHI SOL Investments Limited shares his industry experience on Dubai’s ever growing high-end luxury real estate market. More… |
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Global wealth soars 10.8% to $530trnGlobal wealth soared 10.6% to $530 trillion in 2021, compared to $479 trillion in 2020, according to a new report. The value represents the most significant yearly rise in the past decade, said the More… |
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US dominates private wealth at $68.8 trillionThe US, China, and Japan are now the top three countries in terms of privately-held wealth, according to the inaugural Henley Global Citizens Report. The US is the largest wealth market in the world by so More… |
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Ultra-rich numbers 'to grow by 26pc in GCC'The rate of wealth creation in the GCC region is expected to remain strong with the number of HNWIs ($1 million+) to increase by 12% on average in the next five years and UHNWIs ($30 million+) by over 26% over the same period, said a report.&n More… |
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250 HNWIs to take part in Wealth Arabia SummitMore than 250 High Net-worth Individuals (HNWIs) will listen to 32 wealth thought-leaders on the paradigm shift in the $360 trillion global wealth landscape at the fourth edition of the annual Wealth Arabia Summit (WAS) that will take place at More… |
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Mideast HNWI wealth to grow 6pc: reportThe wealth of high-net worth individuals (HNWIs) in the Middle East and Africa (MEA) region is likely to grow at 6 per cent annually over the next five years, according to a report. The wealth of HNWIs grew to More… |
