23 Hrs
الاقتصادية
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الاقتصادية

2026-08-20T10:25:52.640Z

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Cool India opens Singapore branch

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Zatka urges VAT declarations for July

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O'Donnell: US moves may prompt Iran talks

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O'Donnell: US moves may prompt Iran talks

Russia remains China's top oil supplier in July

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23 Hrs2026-08-20T10:58:23.000Z
Russia remains China's top oil supplier in July
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Saudi Arabia gains new millionaire hourly

Saudi Arabia gains new millionaire hourly

Saudi Arabia experienced a noticeable increase in the number of millionaires during 2025, with approximately 8,700 new millionaires added—that's about one millionaire every hour—raising the total to around 350,000 millionaires by the end of the year. This positions the country at the forefront among Arab nations in terms of millionaire density. The growth is driven by a culture of investment, rising property values, and the availability of investment opportunities. Saudi Arabia remains the only Arab country ranked among the top 20 nations globally for millionaire concentration, with 59% of their wealth held in financial assets, and a decline of nearly 6% in debt-to-wealth ratio.

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