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...
US national security officials are scrutinising an Abu Dhabi sovereign wealth fund’s planned $3bn takeover of New York-based Fortress Investment Group amid concerns in Washington over the United Arab Emirates’ ties to China, people close to the situation told the Financial Times. The review by the Committee on Foreign Investment in the United States, an...