Several weeks ago, I was on an extended business trip in the Middle East, staying both in the UAE, Jordan and Saudi Arabia. The region as a whole is undergoing seismic changes. The UAE, always a trading and cultural entrepot, is going from strength to strength. Its property market has surged in recent years, reflecting huge inward migration from Russia following the outbreak of the war in 2022. The financial sector, known as the DIFC, has seen a significant increase in business start-ups, particularly in the fintech sector. Hedge funds are also increasingly being lured there with portfolio managers being…

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