Abu Dhabi's Embrace of Wall Street-Style Pay Creates Multimillionaires
A man jogs along the waterside on the corniche in Abu Dhabi, United Arab Emirates.
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: a $22 billion hedge fund expands to Abu Dhabi, MGX considers raising billions for an AI fund, and a UAE firm explores an IPO that could rank among the Middle East’s largest. But first, let’s talk about Wall Street’s favorite form of compensation.