wealth

Half of MEA wealth in cash and deposits

Private wealth in the Middle East and Africa region is set to reach $11.8 trillion by 2020 – and the UAE, Saudi Arabia, and Kuwait’s contribution will account for 22.7% of that total, according to the annual wealth report by the Boston Consulting Group.

UAE’s wealthiest to see higher growth

Private wealth held by the United Arab Emirates’ wealthy elite is expected to hit $1 trillion by 2020, according to Boston Consulting Group’s Global Wealth Report 2016.

Wealth hard hit by Brexit vote

The U.K.’s referendum to leave the European Union was a costly decision in more ways than one. Worldwide markets hemorrhaged more than $2 trillion in paper wealth on Friday, according to data from S&P Global, the worst on record. For context, that figure eclipsed the whipsaw trading sessions of the 2008 financial crisis, according to […]

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