• Kuwait has third largest millionaire population in world

    Dubai, UAE -- Kuwait ranked third and Qatar 22nd on the list -- prepared by the World of Statistics -- of the countries with large millionaire populations. About 15 percent of Kuwaitis were millionaires, after Hong Kong's 15.3 percent and Switzerland, which had the highest number of millionaires (15.5 percent)...

  • UAE’s financial advisory market to touch US$239 billion in 2023

    Dubai, UAE--The UAE's financial advisory market is expected to reach a market volume of nearly $239 billion by the end of this year. According to Bas Kooijman, CEO and Asset Manager of DHF Capital S.A., the UAE's ultra-high-net-worth individuals (UHNWI) demographic is projected to grow at a compound annual growth...

  • UAE to see second biggest migration of millionaires in 2023: Report

    Dubai, UAE -- The United Arab Emirates will see the second biggest migration of high-net-worth individuals (HNWIs) in 2023 with a net inflow of 4,500 HNWIs, next only to Australia that is expected to receive 5,200 millionaires, according to the Henley Private Wealth Migration Report 2023. The inflow of millionaires...

  • Why are millionaires flocking to UAE?

    By the end of 2022, the UAE is expected to attract more than 4,000 high-net-worth individuals, mostly from India, Russia, Turkey, Egypt, Lebanon, the UK, Saudi and Nigeria.

  • UAE ahead of US, UK as millionaire destination

    The Ukraine conflict has triggered the biggest immigration of high-net-worth Russians, many of whom are likely to move to the Emirates.

  • 8 lakh millionaires in Middle East have $3.2 trillion wealth

    Across the region, the population and wealth of HNWIs witnessed a growth of 13.2% and 17.2% The number of millionaires in Saudi Arabia and the UAE has grown almost at par   The population of high net worth individuals (HNWIs) grew 6.8 percent to 0.8 million while their wealth grew...