business / news / / New York Post
Despite the headline-grabbing hiccups and the missiles and the drones, for places like Saudi Arabia, Qatar, and UAE’s Abu Dhabi, it's mostly business as usual, sources tell me.
BlackRock's 46% Q1 earnings jump was partly driven by strong business in the Middle East.
KEY POINTS
- Inflows from Gulf sovereign wealth funds to BlackRock remain robust despite regional conflicts.
- BlackRock has completed new co-investments in the Middle East in recent months.
- Fink reported no significant shift by Gulf funds to safe-haven assets like US Treasuries.
- US Navy actions may be helping to reopen shipping traffic in the Strait of Hormuz.
COMPANIES
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