Overall growth of wealth in UAE rose by 8.3%…



DUBAI: The growth of private wealth in the UAE witnessed a significant 8.3 per cent increase in 2016, leading the Gulf Cooperation Council, GCC, countries, according to a new report by The Boston Consulting Group, BCG.

The overall growth of wealth in the UAE is projected at 7.4 per cent over the next five years, to reach $0.8 trillion. Cash deposits, at a 5.5 per cent compounded annual growth rate, CAGR, and bonds, at 3.6