Spotlight cast on how wealthy in the Middle East spend their cash | The National

Spotlight cast on how wealthy in the Middle East spend their cash | The National:



"There is nothing so fascinating as other people’s money. We seem to have an endless appetite for rich lists and power lists, all predicated on the fact that the wealthy are intrinsically interesting.



Khaled Sifri understands that, and also understands, as the head of Emirates Investment Bank (EIBank), the importance of what the bankers call “high net worth individuals” in the financial industry, and in the role they play in the economy.



That is why Mr Sifri commissioned the bank’s first survey of the investment habits of some of the wealthier individuals in the region. The EIBank’s GCC Wealth Insight Report, published yesterday, is a fascinating look at how the well-off see the regional and global investment scene, and how they intend to make their money work for them."



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