Published by
Al-Araby
Al-Araby
A new report by the world-renowned economist Thomas Piketty, has made headlines about striking gaps in global inequality, where the Middle East stood out as the most unequal region in the world in terms of wealth, income and gender. In the Middle East and North Africa, the income gap between the different countries varies significantly. In the Gulf countries, the gap in wealth is even higher than in the rest of the region. About 75 billionaires in the MENA – most of whom reside in Gulf countries – control about $200 billion dollars. “The inequality in the Middle East stands in stark contrast w…