Qatar royal family seeks Deutsche Bank chairman departure after huge investment losses
Qatari investors in Deutsche Bank are pressuring the German lender to force its chairman to quit after regulators blocked a…
Extremely Wealthy
274 articles found
Why Dubai matters to the rich
Dubai ranks third among the world's top cities that are expected to grow strongly in terms of total wealth over…
Israeli tycoon faces trial in Switzerland on corruption charges
Swiss prosecutors have ordered that an Israeli billionaire should stand trial on corruption and bribery charges allegedly involving a widow…
Egyptian tycoon and Mubarak ally Hussein Salem dies
Hussein Salem, one of Egypt’s most prominent businessmen and an ally of deposed president Hosni Mubarak, died in Spain on…
UAE billionaire warns of capital flight
United Arab Emirates billionaire, Khalaf Ahmad Al-Habtoor, yesterday warned of “possible escape by the foreign investors” from the Gulf state.…
16,700 millionaires to transfer $572 billion in Middle East
Around 16,700 millionaires will pass on their wealth to the next generation in the Middle East, which is estimated to…
Wealth in Kuwait
The Wall Street Journal recently published a list of the world’s richest countries. Kuwait ranked fifth in the world…
Princess Haya Bint al-Hussein: The Dubai royal 'hiding in London'
Princess Haya Bint al-Hussein, a wife of the ruler of Dubai, Sheikh Mohammed Al Maktoum, has left her husband -…
Mahendra K. Asher: The multi-millionaire who gave up the 'American dream' for UAE
Who gives up their US green card citizenship? I guess only someone with bigger aspirations and life goals. …
Saudi's Amaala resort to attract millionaires with special regulatory structure
An ultra-luxurious destination on Saudi Arabia's northwestern coast of the Red Sea will have its own regulatory structure as it…
BlueRed a bridge linking Israeli startups to Asia's wealthy
LOCAL venture firm BlueRed Partners has raised US$75 million for its inaugural US$100 million fund, which aims to connect the…
UAE is home to 55 billionaires worth $165bn
The UAE has been ranked among the top 10 countries globally in terms of the number of billionaires as the…