[news] Number of Millionaires in the World Swells to 8.7 Million

[Mostly Water - "Canadian" and International alternative news feed]

"This is becoming a very attractive place to invest," said Mones Bazzy, Merrill Lynch's head of Middle East private banking, based in the Gulf boomtown of Dubai (UAE)..."There are no unions, no taxes and administration is very easy. Barriers to entry are going lower and lower," Bazzy said. Overall, the UAE counts 59,000 millionaires, while neighbouring Saudi Arabia had 80,000..."

URL: http://mostlywater.org/node/7492