Wall Street Giants Split Time Between Trillion-Dollar Gulf Hubs [Yahoo! Finance Canada]
Blackstone Inc. (BX)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The $11.5 trillion asset manager Fink runs recently received approval to set up its regional headquarters in Riyadh. It's also teaming up with the Abu Dhabi royal on one of the largest efforts to date to bankroll the build-out of data warehouses and energy infrastructure. The biggest firms on Wall Street operate across geographies and top executives often fly to multiple countries while visiting a region. But Riyadh and Abu Dhabi, which are competing to be the Middle East's main business hub, offer unique opportunities: The cities control over $1 trillion in sovereign wealth each, making them among the biggest pools of capital in the world. Sheikh Tahnoon — one of Abu Dhabi's two deputy rulers, the United Arab Emirates' national security adviser and brother to its president — had conversations with many executives who also spoke at the FII, according to posts on the royal's X profile. That list included Morgan Stanley Chief Executive Officer Ted Pick,
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