From Maktoob.com: The number of millionaires in the Middle East fell 6 percent in 2008, with the number in the UAE dropping 13 percent, as the rich around the world saw as billions of dollars was wiped off their fortunes due to the global financial crisis, Merrill Lynch said on Wednesday.

The U.S. bank said in its annual World Wealth Report that the world’s population of high net worth individuals (HNWIs) slumped 14.9 percent last year, compared to 2007, while the number of ultra-HNWIs tumbled 24.6 percent……..Full Article: Source