Monday 10 June 2013

Private wealth in Gulf states rises 7% in year - FT.com

"Private wealth in the Gulf states has grown 7 per cent over the past year amid strong oil revenues and rebounding equity markets, but the region continues to harbour some of the world’s starkest wealth disparities, a new study shows.
Wealth in the broader Middle East and Africa has risen from $4.4tn in 2011 to a forecast $4.8tn in 2012, putting it in the “same ballpark” as global growth of 8 per cent in the same period, says Boston Consulting Group’s Global Wealth Report 2013."

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