Tuesday 23 December 2014
 
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UAE tops world in billionaire wealth growth

Billionaire wealth in the UAE surged to $132 billion in 2014 from $45 billion last year, marking a worldwide record increase of 193 per cent, a report said. The number of billionaires in the UAE also increased to 46 from 37 in 201

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Bahrain family businesses 'need 15-20pc growth'

Family businesses in Bahrain need to grow 15 to 20 per cent a year just to maintain the same level of wealth across generations, according to expert analysis. KPMG Bahrain audit partner and family business head Harish Gopinath tol

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Top five Indian billionaires' wealth hits $85.5bn

A wealth-X list of India's richest individuals has been released revealing the top 5 entrepreneurs who collectively control $85.5 billion in personal wealth. All five entrepreneurs on the wealth-X list made their fortunes through th

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Gulf growth drawing global funds to set up shop

International asset management firms are showing renewed interest in setting up in the Gulf, drawn by markets performing better than those in more volatile emerging economies. Despite high incomes and large sovereign wealth funds,

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Russia's oil giant Gunvor and Putin's 'wealth'

The most startling part of Washington's sanctions on Russian businessmen loyal to President Vladimir Putin may be a single sentence that contains an explosive allegation: that Putin himself profits from the world's No 4 oil trading compa

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Mideast SWFs invest in European industrial market

The European industrial and logistics real estate market saw more investment from sovreign wealth funds (SWF) in the Middle East, said a report. It has attracted more than 14 billion euros ($19.1 billion) of investment in 2013, th

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Super-rich shaping world property market

Private wealth is increasingly shaping the world’s real estate markets and the use of private equity in major property deals worth at least $10 million has nearly trebled since 2009, said a report. Real estate now accounts f

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Saudi Fransi Capital wins top award

Saudi Fransi Capital has won the ‘Best Wealth Manager’ award at the 2013 Islamic Business and Finance Awards from CPI held in Dubai recently. The bank was recognised for its wide range of products and excellent level o

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Wealth-X to provide news on super rich

Wealth-X, the world’s leading ultra high net worth (UHNW) intelligence provider, has launched a unique digital intelligence and analysis platform collating daily news about the ultra wealthy – Wealth-X News. Wealth-X N

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Qatar tops average wealth per adult in Mena

Qatar recorded the highest average wealth per adult of $153,294 in mid-2013 in the Mena region, growing two per cent from the same period last year, said a report. The fourth annual Global Wealth Report 2013 released by Credit Sui

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