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FINANCIAL NEWS
UAE’s private wealth to post USD1tr by 2020
30 Jun 2016
(MENAFN) Private wealth in the UAE is predicted to record an annual growth rate of 14.1 percent to reach almost USD1tr by 2020.
Meanwhile, the growth was driven basically by cash and deposits, whereas between 2014 and 2015, the amount of wealth held in cash grew by 16.7 percent.
The UAE will show a solid growth in the coming five years, with the wealth breakdown expected to be 19.2 percent in equities.
In addition, the whole number of millionaire households in the country jumped by 8.5 percent last year, and will grow by another 7.9 percent by 2020.
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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