The Emirates remains top millionaire magnet, Saudi is a record riser

A study sheds light on how millionaires are on the move in 2025. A new firm eyes their millions and Oman finally has a personal income tax law.

This is The Gulf Report, a weekly newsletter that brings you the latest developments in tech and business from the Middle East.

Ahlan from Dubai, dear readers. Before we dive into the news of the week, I want to take a quick detour. 

This week, we held our first subscriber meet in the emirate—a sweet and small catch-up where we talked about the Gulf public markets, private capital, content consumption and just the general quirks of the region. Our thanks to everyone who joined in and a special mention to Hoya for graciously hosting us.

From here on, we’ll be …

Author

Harveen Ahluwalia

Harveen is a co-founder at The Morning Context, and leads our coverage in the Middle East. She has previously worked as a media, consumer and tech writer at The Ken and Mint. At The Morning Context, she writes on tech, venture capital, consumer and media businesses across India and Gulf—from e-commerce to healthtech to streaming.

Co-Founder & Editor, Middle East

harveen@mailtmc.com

Dubai