Millionaire Magnet UAE Spurs Private Banking Boom

Welcome to the Mideast Money newsletter, I’m Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global finance. You can sign up here.

This week, we look at another billionaire setting up in Abu Dhabi, a food delivery firm’s plans to list in Dubai and Saudi football spending. But first, why are private bankers making a beeline for the UAE?