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GCC wealth market doubles to US$2.2 trillion in four years: report

While the region is facing challenges spanning increased competition, rapid consolidation and intensifying regulatory and compliance requirements, wealth within the Gulf Cooperation Council (GCC) has grown at an average of 17.5%, totalling US$2.2 trillion from 2010 to 2014, according to a consultant’s report. Liquid wealth in the region doubled in four years from US$1.1 trillion in 2010 to US$2.2 trillion in…

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