Daniel Diemers | Al Bawaba

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“The UAE has created the most affluence in the GCC, growing its share of affluent households from 16 per cent to 26 per cent from 2009 to 2013,” Strategy& said in its report.

February 19th, 2015 - 08:06 GMT

The marriage between money and power: who controls 74% of the Gulf's wealth?

The Gulf Cooperation Council (GCC) countries region is fast becoming a lucrative place for banks and wealth managers to do business.

The study reveals that geopolitical events also intensified the migration of new wealth to the region.

February 17th, 2015 - 11:12 GMT

What oil price slump? GCC's private wealth doubles to $2.2 trillion