Davos in the Desert: UAE Becomes Global ATM as Western Finance Dries Up

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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