UAE Urged to Sustain Appeal for Millionaire Investors Amid Growing Financial Hub Status

UAE, 22 June, 2024 : Ben Laidler, Global Markets Strategist at eToro, emphasized the UAE's critical role as a global financial center, highlighting the importance of continuing to attract millionaire investors. He noted that the UAE's business-friendly environment, low taxes, and strategic location have made it highly attractive for investments, bolstering its position in global trade.

Laidler pointed out that alongside traditional advantages, the UAE has also seen significant interest from digitally savvy investors, particularly in tech stocks and AI. According to eToro data, 71% of UAE investors currently hold AI-related stocks, including major names like Tesla, Apple, Amazon, and NVIDIA. Additionally, the region has been proactive in adopting cryptocurrencies, with 74% of UAE retail investors now holding crypto assets, reflecting favorable regulatory policies and appeal to sophisticated investors.

Source : www.zawya.com