Wednesday 23 July 2014
 
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Cash-flush Gulf banks grab top spots in loan market

Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms, elbowing aside some of the foreign banks which used to dominate lending. &nbs

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Global millionaire population booming, getting richer

The number of millionaires worldwide grew by nearly 2 million last year and the group grew nearly 14 per cent richer, boosted by rising stock markets and improving economies, according to a study released on Wednesday. The number

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Bahrain ranks high in rich households

Bahrain is ranked sixth in the world for its percentage of millionaire households, according to a new study from a global management consulting firm.   In its latest Global Wealth report, US-based The Boston Cons

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Super-rich heading for London as new crises bite

Political and financial upheaval in some of the world's largest emerging economies is driving a new wave of rich migrants to London's supercharged property market as a place to park their wealth, data from a leading real estate agency sh

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Challenges of ‘resource-rich countries’ in focus

Abu Dhabi-based Masdar Institute of Science and Technology, an research-driven graduate-level university focused on advanced energy and sustainable technologies, is set to host a panel to tackle the economic and social challenges faced by resour

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Prince Alwaleed 'richest in Mideast'

Saudi billionaire investor Prince Alwaleed bin Talal is the wealthiest man in the Middle East with an estimated personal fortune of $24.5 billion, according to a new report.   He heads Wealth-X’s list of th

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Rich nations' wealth gap widens as welfare cut

A growing divide between rich and poor risks will grow still wider if cash-strapped governments keep cutting back the welfare state, an industrialised nations' think-tank warned on Wednesday. Weighing into a debate on inequali

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Mideast's ultra-rich 'not linked to oil'

  For most ultra high net worth individuals (UHNWIs) in the Middle East, the oil sector is not the source of their wealth, according to a new research.    The typical Middle Eastern UHNWI is no

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India debates raising taxes on the rich

  India should consider the argument for higher taxes on the "very rich", Finance Minister P Chidambaram said in comments likely to fuel speculation about steps he may take in next month's budget to boost tax flows

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Bill Gates still richest American

  The net worth of the richest Americans grew by 13 percent in the past year to $1.7 trillion, Forbes magazine said, and a familiar cast populated the top of the annual list, including Bill Gates, Warren Buffett, Larry Ellison an

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