Dubai
The ultra-rich are increasingly parking their gold in Singapore as global risks and Trump volatility mount
“The idea of putting physical metal in a safe jurisdiction like Singapore with parties they can trust is becoming a big trend nowadays,” says Gregor Gregersen, founder of The Reserve. Alessia Pierdomenico | Bloomberg | Getty Images The ultra-wealthy are increasingly moving their gold offshore as economic and geopolitical uncertainty roils markets — and Singapore […]
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Yachts, Eric Trump and Habibi Doge: Dubai’s crypto party is bigger than ever
A yacht party hosted by DogeOS during the Token2049 Dubai conference week. Dubai, United Arab Emirates, May 1, 2025 Natasha Turak | CNBC DUBAI, United Arab Emirates — On a humid Dubai night in early May, I joined guests gathered on the five-storey, 220-foot long Lotus megayacht to celebrate the culmination of TOKEN2049, a major […]
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Dubai government to accept crypto payments through Crypto.com partnership
Crypto.com logo displayed on a phone screen with representation of cryptocurrencies. Nurphoto | Nurphoto | Getty Images Dubai’s Department of Finance announced a partnership with crypto platform Crypto.com that will allow government service fees to be paid with cryptocurrencies. The memorandum of understanding between Dubai government officials and Mohammed Al Hakim, president of Crypto.com UAE, […]
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Trump administration to announce U.S. will call Persian Gulf the Arabian Gulf during Middle East visit: Report
Strait of Hormuz in the Persian Gulf. Stocktrek | Photodisc | Getty Images DUBAI, Unites Arab Emirates — President Donald Trump’s administration reportedly plans to announce that the U.S. will officially call the Persian Gulf the Arabian Gulf or Gulf of Arabia, a move that would be welcomed by Arab Gulf leaders and likely draw […]
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Tether eyes U.S. expansion with new stablecoin as CEO courts Washington crypto players
DUBAI, United Arab Emirates — Tether, the world’s largest stablecoin issuer, is preparing to launch a U.S.-based stablecoin as soon as this year, as its CEO ramps up his presence in Washington to shape crypto regulation. In an interview with CNBC this week, Tether CEO Paolo Ardoino revealed that the company is working on plans […]
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Dubai Airports CEO talks about prioritizing speed & tech upgrades
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Dubai International’s DXB has cemented its place as the busiest airport in the world. CEO Paul Griffiths talks about managing that traffic, and his outlook on cargo & passenger volume in light of trade and recession concerns. Source
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New York is still the richest wealth hub. Here’s which cities are gaining ground
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Despite the recurring narrative of wealth flight, New York City is still the world’s richest city, and it’s gotten […]
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The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble
U.S. President Donald Trump with Mohammed bin Salman, crown prince of Saudi Arabia, at the start of the Group of 20 summit on 28 June 2019. Bernd von Jutrczenka | picture alliance | Getty Images DUBAI, United Arab Emirates — The wealthy Arab Gulf states are in a better position than many other regions of […]
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Family offices pause dealmaking in March on trade war fears
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment firms of the ultra-rich dialed back their deal-making in March as President Donald Trump ‘s tariffs loomed […]
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These 10 Asian markets offer high returns on short-term rentals — half top $40,000 a year
Short-term rentals in Hakuba, Japan on average, bring in over $60,000 annually, according to new data by AirDNA. Oscar Wong | Moment | Getty Images Starting a short-term rental business can be very lucrative if done correctly. One of the biggest initial hurdles is picking the right market to purchase a property, which can play […]
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