Mideast Money

Dubai Hits Milestone in Bid to Become Hedge Fund Hub

Dubai’s financial hub is now home to 102 hedge funds.
The Dubai International Financial Centre.Photographer: Walaa Alshaer/Bloomberg
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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: Gulf funds pledge $24 billion to back a hostile bid, Qatar’s $20 billion AI partnership, and four signs the Mideast IPO boom is fading.