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ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

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 10.7 percent to $3.2 trillion in 2020, the World Wealth Report 2021 released by Capgemini Research Institute has revealed.

    The number of millionaires in Saudi Arabia and the UAE has grown almost at par: The population and wealth of millionaires in Saudi Arabia grew by 3.3 percent and 5.4 percent, respectively.

    In the UAE, the population of millionaires  grew by 3.4 percent and their wealth by 5.3 percent

    Incidentally, Iran was a significant contributor to the millionaires club with population of ultra-HNWI and wealth advances registering a 24.5 percent and 27.3 percent growth, respectively.

    Across the Middle East, the population and wealth of HNWIs witnessed a growth of 13.2 per cent and 17.2 per cent, respectively.

    With around 120,000 people in 40 countries, Capgemini is one of the world’s foremost providers of consulting, technology and outsourcing services.