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UAE’s National Bonds creates 292 millionaires in Q1 2024National Bonds, the UAE's leading sharia-compliant savings and investment company, created 292 millionaires in the first quarter (Q1) of 2024. This achievement highlights an accelerated success rate, underscoring the effectiveness of the c 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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New York top city for millionaires; Dubai growing fastUS dominates the world’s Top 20 cities with the most millionaires in 2022, with New York taking the crown with 345,600 millionaires. Five other American cities — San Francisco, Los Angeles More… |
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UAE top draw for millionaires; 4,000 HNWIs to relocateThe UAE is expected to attract the largest net inflows of millionaires globally in 2022, overtaking many rich nations, according to the latest Henley Global Citizens Report. A tsunami of private capital has lef More… |
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UAE millionaires number to grow by 4.2pc annually: BCGThe number of millionaires in the UAE is expected to grow by 4.2 percent annually over the coming years, said global management consultancy Boston Consulting Group (BCG) in a new report, adding that 48.5 percent of the UAE’s wealth was hel More… |
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Bahrain’s millionaires held 68.8pc of wealth in 2019: BCGThe number of millionaires in Bahrain is expected to grow by 1.1 percent annually over the coming years, said global management consultancy Boston Consulting Group (BCG) in a new report, adding that 68.8 percent of the kingdom’s wealth was More… |
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Qatar, UAE top in average wealth in MenaQatar recorded the highest average wealth per adult of $161,700 in mid-2016, while the UAE followed closely with $151,100, according to the Global Wealth Report 2016. Average wealth in Mena declined by 2.6 per cent in the 12 month More… |
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Global middle class wealth ‘to grow 38pc in 5 years’Global middle class wealth could reach $345 trillion by mid-2020, 38 per cent above its mid-2015 level, said a Credit Suisse report, adding that the number of millionaires could increase by 46 per cent during the period, reaching 49.3 million. More… |
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Global wealth ‘to hit $345trn in 5 years’Global wealth could reach $345 trillion by mid-2020, 38 per cent above its mid-2015 level, said a Credit Suisse report, adding that the number of dollar millionaires could increase by 46 per cent during the period, reaching 49.3 million. More… |
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330,000 millionaires in Mena regionThe Middle East and North Africa (Mena) region accounted for about 330,000 millionaires in 2015 and the number is projected to rise by another 52 per cent to 500,000 adults by 2020, according to a report. Household wealth in the M More… |
