Davos in the Desert: UAE Becomes Global ATM as Western Finance Dries Up
- Date: 08-Sep-2023
- Source: Gulf Insider
- Sector:Financial Services
- Country:UAE
Davos in the Desert: UAE Becomes Global ATM as Western Finance Dries Up
Five years ago, virtue-signaling American finance executives peeled out of a Saudi Arabian event in Riyadh following the murder of Washington Post columnist Jamal Khashoggi in the Saudi consulate in Istanbul.Now, with Western financiers hampered by rising interest rates and a reduced appetite for dealmaking, private equity, venture capital and real estate funds have come back with hats-in-hand to tap into …
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