{"id":547716,"date":"2022-07-04T04:19:13","date_gmt":"2022-07-04T04:19:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/hedgies-%f0%9f%92%93-dubai\/"},"modified":"2022-07-04T04:19:13","modified_gmt":"2022-07-04T04:19:13","slug":"hedgies-%f0%9f%92%93-dubai","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/hedgies-%f0%9f%92%93-dubai\/","title":{"rendered":"Hedgies ? Dubai"},"content":{"rendered":"

<\/a> Dubai is emerging as a favorite spot for hedge funds<\/strong>, Bloomberg<\/a>reports. A handful of well-known fund managers are either expanding operations in the emirate or decamping there entirely as Brexit takes the shine off London as a global financial hub, Hong Kong suffers under covid restrictions, and living costs soar globally. Dubai\u2019s efforts to lure financiers come with sizable incentives, including low or no taxes and reduced fees.<\/p>\n

\u201cWe are in a unique situation where the classic financial centers are disintegrating,\u201d<\/strong> one London School of Economics professor tells the business newswire. \u201cLiving in Dubai -- that\u2019s now come down to personal preferences with low taxes, good infrastructure and low regulation.\u201d<\/p>\n

Is the Gulf IPO boom running out of steam? <\/strong>Saudi Arabia\u2019s Al Othaim family has pulled its plans to IPO 30% of its malls business on the Saudi stock exchange, Bloomberg<\/a> reports. The u-turn could indicate a slowdown in the red-hot Gulf IPO market, which had a record first half this year<\/a> on the back of surging oil prices. Long insulated from the market volatility that has gripped other parts of the world this year, Gulf equities have fallen in recent weeks on fears of a global recession.<\/p>\n

ALSO IN PLANET FINANCE- <\/strong><\/p>\n