More than 5,000 SPVs are said to have been set up in Abu Dhabi including by CZ, Lisin and Dalio. For decades, many of the world’s richest people chose to safeguard their assets in overseas locales ranging from the Cayman Islands to Switzerland and the British Virgin Islands. But a new wealth hub is becoming wildly...
Saudi Arabia and UAE’s rivalry intensifies in race for foreign investments. The two Gulf neighbors have reached the point where they are enacting laws that contravene their common Gulf Cooperation Council goals. Intense competition between Gulf Cooperation Council members and geographical neighbors Saudi Arabia and the United Arab Emirates to attract foreign investments and foreign billionaires has...