The Briefing

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Erbil Rotana

Credit Suisse - Global Wealth Databook 2015 — The Credit Suisse Global Wealth Databook provides detailed information on the evolution of household wealth levels through the period 2000 to mid-2015 at both the regional and country level. It presents our estimates on the distribution of wealth for over 200 countries. Based on this rich data, the Databook presents findings on the global middle class, its size and how it fared over time.


China GDP worst since 2009 — China's economic growth dipped below 7 percent for the first time since the global financial crisis, hurt partly by cooling investment, raising pressure on Beijing to further cut interest rates and take other measures to stoke activity. The world's second-largest economy grew 6.9 percent between July and September from a year ago, the National Bureau of Statistics said, slightly better than forecasts of a 6.8 percent rise but down from 7 percent in the previous three months.

Iran about to see a 'tsunami' of tourists — Iran is due to unveil an investment package of 1,300 projects in the coming days to attract foreign investment and is already home to 19 UNESCO registered historical sites. Iran aims to host 20 million tourists a year by 2025 and is currently trying to remove obstacles for tourists to acquire visas.

Viettel invests $736 million in Tanzania — Vietnam's ambitious state-run telecoms operator Viettel launched mobile and internet services in Tanzania after investing $736 million in East Africa's second-biggest economy. Tanzania's mobile telecoms sector has grown rapidly over the past decade, driven by demand for 3G mobile services. The number of mobile phone subscribers in Tanzania rose by 16 percent in 2014 to 31.86 million.

Israel growth rate the lowest for six years — GDP is projected to rise 2.5% in 2015, following a 2.6% increase in 2013, Israel's Central Bureau of Statistics reported. This is the lowest growth figure for six years. Private consumption is expected to grow by 4.1% this year, compared with 3.7% last year and 3.9% in 2012.

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