fiogf49gjkf0d
Despite the economic headwinds, the UAE can still lay claim to being the richest place in the Gulf Cooperation Council (GCC) region as residents’ combined wealth continued to climb in June. According to the latest data released by New World Wealth, a global intelligence and market research company, indicated that the total amount of fortunes held by all individuals in the country — including property, cash, equities and business interests — increased by three per cent over the past six months to reach $710 billion (Dh2.6 trillion), the highest in the region. The UAE is also one of the only two countries in the Gulf that posted an increase in private wealth. The latest data also showed that UAE residents now earn more than most people in the region, with private wealth per capita estimated to be around $75,800, the second-highest in the GCC.