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Bank Sohar names wealth management headBank Sohar, a leading bank in Oman, has appointed Aziz Al Jahdhami as its new assistant general manager and head of wealth management. In his new role, Al Jahdhami will be responsible for spearheading the bank’s wealth manag More… |
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Mena billionaire wealth hits $165bn in 2017The total number of billionaires in the Mena region increased by 24 per cent to 52 in 2017, while total billionaire wealth grew by 15 per cent, reaching $165 billion during the year, a report said. Self-made billionaires account f More… |
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Abu Dhabi tops in number of rich households in MEAbu Dhabi boasts the highest number of households earning more than $250,000 in the Middle East with 270,686, said The Wealth Report, launched today, by Knight Frank. This number is forecast to grow seventh fas More… |
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Abu Dhabi tops in number of rich households in MEAbu Dhabi boasts the highest number of households earning more than $250,000 in the Middle East with 270,686, said The Wealth Report, launched today, by Knight Frank. This number is forecast to grow seventh fas More… |
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Saudi firm eyes stake in Accor property unitSaudi Arabia's Public Investment Fund (PIF) is in talks with international hotel operator Accor to acquire a 15 per cent stake of its property business, said a report. The potential transaction could value to SR28.66 billion ( More… |
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Bahrain's credit rating ‘backed by wealth values’Bahrain's Ba2 credit rating with a negative outlook is supported by the country's high wealth levels, a diversified economy and the positive net international investment position, Moody's Investors Service said in a report. More… |
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Instability, oil price main concern for HNWIsPolitical instability, conflict and threat of terrorism, along with a possible oil price decline are the primary concerns of high net-worth individuals (HNWIs) in the GCC region, according to a new study. For both the global and r More… |
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Instability, oil price main concern for HNWIsPolitical instability, conflict and threat of terrorism, along with a possible oil price decline are the primary concerns of high net-worth individuals (HNWIs) in the GCC region, according to a new study. For both the global and r More… |
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Barclays reinforces wealth and investment management teamBarclays announced today the appointment of three new senior bankers in its Wealth and Investment Management division for Middle East and North Africa (Mena). Antoine Roger Chemali and David Stephan both join Barclays Wealth and I More… |
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8 men control same wealth as poorest half of world: OxfamNew estimates show that just eight men own the same wealth as the poorest half of the world and as growth benefits the richest, the rest of society – especially the poorest – suffers, says an Oxfam report. The very des More… |
