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UAE loses a quarter of its millionaires in one year

The number of UAE’s high net worth individuals (those with $1 million or more in financial assets) declined by 24.8 per cent to 41,324 in 2011 from 54,971 in 2010, according to just released second annual Global Wealth Report by Credit Suisse Research Institute (CSRI). The CSRI report reckons it…

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