Saudi Arabia and the UAE Are Seeing Diverging Market Trajectories
An investor walks past a stock price index board at the Dubai Financial Market.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
Welcome to the Mideast Money newsletter, I’m Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global finance. You can sign up here.
This week: Saudi Arabia taps consultants to review Neom’s ‘Line’ project, PIF-backed Lucid gets a boost from Uber and Elon Musk’s xAI is eying data center capacity in the kingdom. But first, let’s examine the stark divergence across Gulf equity capital markets, with insights from Laura Gardner Cuesta.