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Within hours of Iran's retaliatory strikes hitting the UAE in late February 2026, Dubai's wealthy were already moving - paying hundreds of thousands of dollars for private jets out of partially closed airspace, wiring seven-figure sums to Singapore and Hong Kong, and calling lawyers to ask how quickly assets could be transferred. This was not panic confined to the fringes. Singapore-based wealth advisers reported that several of their Dubai-based clients, each holding an average of $50 million in assets, contacted them that same week, with some requesting immediate transfers.
Continue readingI enjoyed my stay in Cannes, with the stunning French Riviera serving as the perfect backdrop to the 47th edition of the Cannes Yachting Festival. During my visit, I explored yachts and superyachts of all shapes and sizes, participated in numerous walkthrough tours of boats, and discovered the latest trends in yachting that blend style, elegance, innovation, performance, and sustainability. Most importantly, I had the chance to meet yacht builders, brokerage firms, and service providers.
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