Gulf markets go for growth
Author: Martín Escobari, Laura Gardner Cuesta, Adveith Nair
“Some of the brightest minds” in Europe have moved to Dubai, Martín Escobari of General Atlantic tells the Bloomberg Masters in Business podcast. While the UK squeezes non-doms, Dubai is a “low-tax, low-bureaucracy” jurisdiction… eager to attract “the world’s best talent”. Even June’s Iran-Israel war didn’t slow Gulf markets, with Dubai’s DFM General Index rising 18.5% so far this year. Shares in the neighbouring emirate of Abu Dhabi have advanced 9% in 2025, with Kuwait's stocks up 18%. By cont...