Featured · Finance
London's non dom exodus and volatility around the Gulf have sent tens of thousands of wealthy households looking for a new base, and most of that money has landed in Dubai. Turkey now wants a share of it, and its pitch to the Istanbul Financial Centre is more serious than the reputation suggests.
Finance
The Dubai International Financial Centre has passed 10,000 active firms for the first time, adding 2,318 new companies in a single year even as a regional conflict weighed on tourism, aviation and property. The resilience of the finance and wealth sectors is the part worth sitting with.
Finance
Blackstone, the largest alternative asset manager in the world, is planning to open an office in the Dubai International Financial Centre while keeping its Abu Dhabi base. The decision to hold both is the most revealing part.
Finance
Another global hedge fund has chosen Dubai, while Abu Dhabi, Doha and Riyadh compete to attract the world's startups and finance. The contest between the Gulf's capitals is intense, and the region as a whole is the winner.
