Browsing: Financial Trends

UAE’s net wealth reached $2.9T in 2023, according to BCG’s Global Wealth Report 2024. Financial wealth in the UAE grew by 10% between 2022 and 2023, outpacing the Middle East and Africa’s 8% growth. Globally, financial wealth increased by 7% after a 4% decline in 2022, with $92T in new wealth expected over the next five years.

South Korea’s economy experienced respectable growth in the past year, despite challenges like sluggish exports and subdued domestic demand amid global monetary tightening, as reported by Yonhap News Agency on Thursday.