Reported about 1 month ago
Dubai and Abu Dhabi are increasingly vying for the attention of wealth managers, with Abu Dhabi emerging as a serious contender thanks to its vast sovereign wealth funds and efforts to diversify its economy. While Dubai historically held the title of the region's financial hub, Abu Dhabi has made notable strides in attracting investment firms with its favorable regulatory environment and lucrative opportunities. The presence of major hedge funds and financial institutions marks a significant shift in the competitive landscape, with both cities working to enhance their appeal for international finance amid growing interest in the crypto sector.
Source: YAHOO