Before the end of the year, the UAE might be home to another 4,000 millionaires

More than 4,000 millionaires are expected to relocate to the UAE this year, putting the country among the top ten destinations for high-net-worth individuals. According to the 2017 Henley Global Citizens Report, the reasons for this are the absence of a personal income tax and rising revenues in the oil and gas sector.

According to the survey, affluent Russians trying to avoid the effects of Western sanctions have begun to migrate to....