International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
UAE’s richest survive crisis best
Only a fifth of the UAE’s wealthiest individuals have felt any significant impact from the world downturn.
May 24, 2010 3:59 by Samuel Potter
Only a fifth of the UAE’s richest individuals have felt any significant impact from the global downturn, reports Emirates 24-7.
That’s roughly the proportion of individuals (21 percent) who say their net worth has been “substantially negatively impacted” by global economic woes. The report is quoting results from a survey by Barclays Wealth and Ledbury Research that encompassed 2,000 people across 20 countries.
Globally, 38 percent of respondents report that the downturn had a “negative” or “quite negative” impact on their net worth; in contrast, less than a quarter of respondents from the UAE said the same.