Middle East Capital ‘Comes of Age’ in the Shadow of War

When Iran launched a missile barrage at an American air base in Qatar this summer, it was one of the most direct attacks on US assets in the Middle East in years. Yet just hours after the projectiles were shot down in the night sky over Doha, it was business as usual in the country’s capital and financial hub. In neighboring Abu Dhabi, investments proceeded on track, and bankers in Dubai expressed confidence that the United Arab Emirates would sidestep any major fallout. In the weeks after the attack, Bloomberg News reported that American companies including BlackRock Inc. and Elon ...