High-earning expatriates are being attracted to the middle east, with mass affluents in the uae predicted to reach more than 153,000 by 2009
In the aftermath of 9/11, billions of dollars generated by the Gulf oil industry were repatriated back to countries in the Gulf Co-operation Council (GCC). This significant transfer of cash combined with high oil prices has bloated the region's stock markets and fuelled a massive wave of construction. The GCC consists of Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). The UAE is a federation of seven internally self-governing emirates, Abu Dhabi and Dubai being the most prominent in economic terms. Its population is around five million and...
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