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Coronavirus Impact: IMF Could Reduce Global Economic Growth Forecast

Kristalina Georgieva, Managing Director – International Monetary Fund (IMF), has warned of serious effects on the world economy if the Wuhan coronavirus outbreak (COVID-19)...
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Some of the world’s richest brace for major stock sell-off

(Bloomberg) --Wealthy people around the globe are hunkering down for a potentially turbulent 2020, according to UBS Global Wealth Management. A majority of rich investors...
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World Wealth Report: Global rich ‘poorer’ but Middle East Millionaires buck the trend

  The world’s richest people may not be as wealthy as they were, according to French technology consulting firm Capgemini's 2019 World Wealth Report that...
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Being Rich in New York City Is More About Cash Than Real Estate

(Bloomberg) -- We know that the older you are, the higher you set the bar for what it takes to be considered wealthy. But...
Skyscrapers stand in the King Abdullah financial district in Riyadh; wealth fund

Saudi Wealth Fund on Track to Manage $400 Billion Assets in 2020

(Bloomberg) -- Saudi Arabia’s sovereign wealth fund is on track to manage $400 billion of assets by the end of next year, its head...

MENA billionaire population grows 24%

Billionaire wealth in the region grew to $165bn last year The firms said in their Billionaires Insights report that the number of billionaires in the...