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Wealthy Qataris to spend more on real-estate deals this year: survey
Doha, Qatar-- Rich Qataris are pouring millions of dollars into the country's luxury real-estate market, with residential sector and office sector being their main investment target. The conclusion was drawn in a report "Destination Qatar" prepared by leading global property consultancy, Knight Frank. With Qatar boasting the fourth highest GDP...
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‘Rich nations must achieve net zero carbon by 2040’
UN Secretary General Antonio Guterres called on wealthy countries to move up their goals of achieving carbon neutrality as close as possible to 2040 in order to "defuse the climate time bomb." He made the remark while introducing a capstone report by the Intergovernmental Panel on Climate Change on the... -
Mahzooz one of Dubai’s several tickets to success
Dubai, known as the 'City of opportunities' for one and all, offers many ways to help individuals become rich and prosperous, including Mahzooz's Weekly Draw. -
Financing for climate damages finally on COP27 agenda
Countries least responsible for planet-heating emissions -- but hardest hit by an onslaught of weather extremes -- have been ramping up the pressure on wealthy polluting nations to provide financial help for accelerating damages. -
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. -
Flood of net zero vows suffer ‘credibility gap’: report
While countries, cities and companies have massively ramped up net-zero emissions promises in recent months there remain "major flaws" in many plans, according to an analysis published Monday that raises fears of potential large-scale greenwashing by businesses. Faced with mounting urgency and public pressure as deadly and costly climate impacts... -
Vaccine supply outstrips demand, inequity remains
Many richer nations are now approaching oversupply. European Union and G7 countries had a surplus of 497 million doses at the end of last month. -
Pandemic turns out to be a boon for billionaires
The share of global wealth of the world's richest people soared at a record pace during the Covid pandemic, a report on inequality showed Tuesday. -
Bahrain’s rich own half of its total wealth
Nearly half of Bahrain’s wealth, of $69 billion, is possessed by its super-rich citizens, according to Boston Consulting Group (BCG). -
Rich-poor gap widening due to unequal vaccine access: IMF
Advanced nations have vaccinated nearly 40 percent of the population, compared to barely 11 percent in emerging markets and a tiny fraction in low-income countries