Ray Dalio praises the Gulf’s ‘rebirth states’ in the midst of global chaos

Renowned hedge fund tycoon Ray Dalio expressed his optimism about the investment potential in the Gulf states, particularly the United Arab Emirates, amidst global volatility. Dalio highlighted the UAE’s favorable financial situation and its emergence as a renaissance state, positioning it as an attractive investment destination. Dalio, the founder of Bridgewater Associates, the world’s largest…

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Foreign Portfolio Investors (FPIs) shift from selling to investing; infuse Rs 378 crore in equities in November

Foreign Portfolio Investors (FPIs) have shifted their stance on Indian equities during November, making a net investment of Rs 378 crore due to the sharp decline in US treasury bond yields. This comes after FPIs sold Indian equities worth Rs 24,548 crore in October and Rs 14,767 crore in September. Before the outflow, FPIs had…

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Companies given deadline to relocate regional headquarters in Saudi Arabia

Saudi Arabia Maintains Ultimatum for Foreign Companies to Establish Regional HQs in the Kingdom By Pierre Herubel In a surprising move back in February 2021, the Saudi government announced that international companies would need to establish their regional headquarters in Saudi Arabia by January 1, 2024, or risk losing lucrative government contracts. This bold ultimatum…

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