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The Sheikh Who Dominates One of the World’s Hottest Stock Markets
The UAE’s exchanges approach $1 trillion in value as Abu Dhabi’s index almost triples since April 2020.
08 Apr 2024, 08:38 AM IST
(Bloomberg Markets) -- The United Arab Emirates’ rulers will soon achieve a distinction they’ve long coveted. Their once sleepy stock exchanges will be home to companies valued at $1 trillion. This outsize success—the markets already ranked No. 17 in the world at the end of March, ahead of Brazil and Spain—relies on the recent chart-topping performance of the Abu Dhabi Securities Exchange, run by the UAE’s biggest and wealthiest ci...
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