The majority of GCC’s high net worth individuals (HNWIs) are more optimistic about the economic situation in the region than global growth prospects, a new survey showed. According to a report by Emirates Investment Bank, almost 55 per cent of those polled said that the economic condition in the Gulf was improving compared to jus t 31 per cent who were optimistic about the global economy.
HNWIs are defined as individuals with $2 million or more in investable assets. The survey was conducted among GCC’s HNWIs in the fourth quarter of 2014, a period characterised by falling oil prices...............................................Full Article: Source
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