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Thursday, June 09, 2005

The Economy Is Booming

...if you own oil stock in the Middle East; via The Daily Star of Lebanon...
BEIRUT: Booming oil prices were the ticket for almost 30,000 people across the Middle East to an exclusive club: the world's millionaires. The annual world wealth report, released Thursday by Merrill Lynch and Co. and the Capgemini Group consulting firm, found that the Middle East was the fastest growing region in the world in terms of assets owned by "high net worth individuals," defined as those with more than $1 million. The amount of wealth controlled by this millionaire class in the Middle East grew by 28.9 percent in 2004 to $1 trillion.

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