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Dubai News Club > Business > Gulf oil cash becomes a magnet for global money managers
Business

Gulf oil cash becomes a magnet for global money managers

Press Room
Last updated: 2022/07/05
Press Room
Published: July 5, 2022
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Gulf oil cash becomes a magnet for global money managers
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Global asset managers have their sights set on the Gulf as the oil-rich region emerges as a rare source of spare capital in a market laid low by the war in Ukraine, Covid lockdowns and inflation.

Officials and executives said the United Arab Emirates was a prime target for money managers seeking to tap this liquidity. Many are looking to base themselves in the financial centres of Dubai and Abu Dhabi as a launch pad for fundraising across the region, where soaring crude prices are…

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