{"id":3166,"date":"2026-08-26T10:02:40","date_gmt":"2026-08-26T10:02:40","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=3166"},"modified":"2026-08-26T10:02:40","modified_gmt":"2026-08-26T10:02:40","slug":"why-dubai-has-become-a-city-of-retail-traders","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=3166","title":{"rendered":"Why Dubai has become a city of retail traders"},"content":{"rendered":"<p><\/p>\n<p>Welcome to this week\u2019s Fortune Gulf Brief. Regular readers might notice a different author byline today, that\u2019s because Melissa is taking a well-earned break although, knowing journalists, probably with one eye on her phone and what\u2019s happening in the Gulf. Ordinary service resumes next week.\u00a0<\/p>\n<div>\n<p class=\"wp-block-paragraph\">Until then, I\u2019m Inzamam Rashid, international journalist and broadcaster based in Dubai, and I\u2019ll be your guide to the region for this week.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">There\u2019s no shortage of things to talk about. Donald Trump\u2019s pronouncements are increasingly becoming trading signals for investors in the UAE, while Washington\u2019s new economic offensive against Iran comes as Tehran\u2019s currency hits a record low and one of its most important trading partners slams the door shut.<\/p>\n<h2 class=\"wp-block-heading\">We\u2019ll\u00a0also be covering:\u00a0\u00a0<\/h2>\n<ul class=\"wp-block-list\">\n<li>Iran\u2019s currency crisis deepens as UAE lifeline closes<\/li>\n<li>Saudi Arabia\u2019s Crown Prince goes to Paris and leaves with billions in deals<\/li>\n<li>Pop stars pull out of Abu Dhabi, but the F1 is staying put<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">So with Melissa temporarily swapping Gulf Brief for the beach, let\u2019s get into it.<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p class=\"wp-block-paragraph\">Retail trading activity in Dubai has shown signs of significant growth in response to the market-moving pronouncements of President Donald Trump and fluctuations in the prices of gold and oil.<\/p>\n<p class=\"wp-block-paragraph\">In the first half of 2026, the Dubai Financial Market\u2019s trading value soared 40% year-on-year to $32.5 billion, while Abu Dhabi\u2019s exchange saw $46.6 billion in trades.<\/p>\n<p class=\"wp-block-paragraph\">There might be another explanation for Dubai\u2019s retail trading boom beyond Donald Trump, war and a very good year for gold: it\u2019s the sort of people who move here.<\/p>\n<p class=\"wp-block-paragraph\">\u201cEveryone that moves to the UAE is a risk taker by definition,\u201d Tarik Chebib, Capital.com\u2019s Middle East CEO, told me when we sat down to discuss why trading volumes in the region have surged.<\/p>\n<p class=\"wp-block-paragraph\">Dubai has spent the past decade attracting entrepreneurs, financiers, executives and increasingly wealthy expats from around the world. Many have already taken one fairly major financial gamble, packing up their lives and moving to the Gulf (of course, the lack of tax is another major influence here).<\/p>\n<p class=\"wp-block-paragraph\">Chebib argues that this has helped create an unusually receptive audience for retail investing. When he arrived in the UAE 11 years ago, he says, conversations about brokerage accounts were relatively rare. Today, most clients arriving at Capital.com have traded before.<\/p>\n<p class=\"wp-block-paragraph\">COVID accelerated the change. Chebib says more people began thinking: \u201cI want to manage my own money. I don\u2019t want it to be sitting in a bank anymore. I need to prepare for my future.\u201d<\/p>\n<p class=\"wp-block-paragraph\">There is another very Gulf-specific factor at play. For many of the expats who make up the UAE\u2019s workforce, the traditional financial safety nets found in parts of Europe are less extensive.<\/p>\n<p class=\"wp-block-paragraph\">\u201cHere, you\u2019ve got to figure it out yourself,\u201d Chebib said. For some, he argues, trading has become one vehicle for doing exactly that.<\/p>\n<p class=\"wp-block-paragraph\">That doesn\u2019t mean everyone in Dubai has suddenly become a day trader. But the numbers suggest this is no longer a niche pastime. Chebib tells me the UAE retail trading market is now comparable in size to Singapore, a remarkable shift for a market that hardly registered in international research five years ago.<\/p>\n<p class=\"wp-block-paragraph\">And traders here certainly aren\u2019t short of things to bet on. This year alone, the obsession has shifted from gold to oil during the war, to AI, and U.S. equities. Nasdaq and S&amp;P 500 products remain particularly popular, while Chebib says Gulf traders are already positioning themselves for what comes next.<\/p>\n<p class=\"wp-block-paragraph\">Which brings us back to Donald Trump. His statements are now moving this increasingly sophisticated\u2014and increasingly heavily invested\u2014audience almost instantly.<\/p>\n<p class=\"wp-block-paragraph\">Read my full story here on why Trump is becoming one of the Gulf\u2019s most powerful trading signals for the Middle East.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Inzamam Rashid<\/strong><\/p>\n<h3>Iran&#8217;s currency crash deepens as the UAE closes a vital economic lifeline<\/h3>\n<p><span style=\"font-weight:400\">Iran\u2019s rial plunged to an all-time low of 2.02 million to the dollar this week as Washington launched a new economic offensive against Tehran and one of Iran\u2019s most important trading partners closed the door.<\/span><\/p>\n<p><span style=\"font-weight:400\">The currency has weakened sharply from 1.53 million to the dollar in early March. The IMF forecasts Iran\u2019s economy will contract 5.4% this year, while inflation is projected at around 70%. Tehran\u2019s central bank governor, Abdolnasser Hemmati, has said the country is not currently exporting oil, depriving it of a critical source of foreign currency.<\/span><\/p>\n<p><span style=\"font-weight:400\">On Monday, Treasury Secretary Scott Bessent formally launched \u201cOperation Economic Outcast,\u201d expanding secondary sanctions and targeting sectors including digital assets, gold, aviation, technology, and shipping. \u201cThe clock just started ticking,\u201d he said.\u00a0<\/span><\/p>\n<p><span style=\"font-weight:400\">But Matin Mirramezani, project manager of Stanford University\u2019s Iran 2040 Project, told <\/span><i><span style=\"font-weight:400\">Fortune<\/span><\/i><span style=\"font-weight:400\"> the impact will ultimately depend on enforcement. Previous sanctions have sometimes existed \u201con paper\u201d while enforcement lagged, allowing Iranian exports to increase. This time Mirramezani believes Washington might not even need to act against every company. The threat itself could persuade banks and businesses around the world to stop dealing with Tehran.<\/span><\/p>\n<p><span style=\"font-weight:400\">That makes the UAE\u2019s decision last week to suspend all trade, commercial exchanges, and financial transactions with Iran particularly consequential.<\/span><\/p>\n<p><span style=\"font-weight:400\">Before the war, the UAE was Iran\u2019s largest source of imports, accounting for 33.3% of imports in the first quarter of 2025, worth almost $3.9 billion. Mirramezani said roughly a sixth of Iran\u2019s non-oil exports also go to the UAE, while Dubai has long been an important hub for Iranian financial transactions.<\/span><\/p>\n<p><span style=\"font-weight:400\">Cutting that route means Iran\u2019s options for trade and cross-border transactions \u201cbecome narrower and narrower,\u201d Mirramezani said, adding pressure to an economy already battling inflation and a collapsing currency.<\/span><\/p>\n<p><span style=\"font-weight:400\">Two Gulf diplomats told <\/span><i><span style=\"font-weight:400\">Fortune<\/span><\/i><span style=\"font-weight:400\"> that Washington has pressed Gulf states to cut financial ties with Iran. The gamble is whether that pressure forces Tehran towards a deal, makes escalation in the Strait of Hormuz look like its best remaining leverage, and determines who else joins the U.S. in economically isolating Iran.<\/span><span style=\"font-weight:400\"><br \/><\/span><\/p>\n<h3>MBS came to Paris for for esports, the real prize was billions in deals<\/h3>\n<p><span style=\"font-weight:400\">During his visit to Paris, Saudi Crown Prince Mohammed bin Salman joined Emmanuel Macron at the Esports World Cup closing ceremony. Gaming is a key part of Saudi Arabia\u2019s Vision 2030 goals\u2014its Public Investment Fund purchased video game company Electronic Arts for $55 billion earlier this month.<\/span><\/p>\n<p><span style=\"font-weight:400\">Saudi Arabia and France announced a series of deals in entertainment, transport, logistics, AI, and defence, totaling over $8 billion in investments.<\/span><\/p>\n<p><span style=\"font-weight:400\">One standout deal is Qiddiya\u2019s \u20ac6 billion ($7 billion) plan to build three theme and leisure parks near Paris, including a Dragon Ball Z-themed attraction. The project should create about 22,000 jobs and give Saudi investors a clear presence in France\u2019s entertainment sector.<\/span><\/p>\n<p><span style=\"font-weight:400\">And investment is moving in both directions. French shipping company CMA CGM and Saudi port operator RSGT agreed on a $434 million deal to expand Jeddah Islamic Port, increasing its capacity by up to 2.6 million containers a year. French rail manufacturer Alstom also won a $580 million contract to provide metro carriages for Riyadh.<\/span><\/p>\n<p><span style=\"font-weight:400\">The two countries also signed agreements on AI, quantum technology, and defense, and extended their partnership to develop AlUla through 2035.<\/span><\/p>\n<p><span style=\"font-weight:400\">The main point is that Saudi-French relations are becoming more transactional and increasingly mutual. Riyadh is seeking French technology and infrastructure skills, while Paris is openly welcoming Saudi money.<\/span><\/p>\n<h3>Pop stars are pulling out of Abu Dhabi but F1 isn&#8217;t<\/h3>\n<p><span style=\"font-weight:400\">It hasn\u2019t been a particularly good few weeks for Abu Dhabi\u2019s concert calendar. Shakira, Christina Aguilera, and The Corrs have all disappeared from upcoming schedules, while the Offlimits Music Festival\u2014also featuring the Jonas Brothers and Ne-Yo\u2014has been scrapped until at least 2027. The Corrs cited \u201cunforeseen circumstances\u201d while other cancellations came without detailed explanations.<\/span><\/p>\n<p><span style=\"font-weight:400\">It doesn\u2019t necessarily mean international artists think Abu Dhabi is unsafe. Thomas Ovesen, CEO of All Things Live Middle East, told <\/span><i><span style=\"font-weight:400\">Fortune<\/span><\/i><span style=\"font-weight:400\"> that the bigger problem is often commercial, because artists need certainty months in advance to sell tickets, move equipment, and protect a wider tour schedule. Insurance is another headache. Cover for cancellations caused by the conflict can be difficult to obtain, potentially leaving promoters exposed to huge losses.<\/span><\/p>\n<p><span style=\"font-weight:400\">Then came a rather useful vote of confidence. Formula 1 CEO Stefano Domenicali confirmed this weekend that December\u2019s Abu Dhabi Grand Prix will go ahead as planned, ending speculation that the season finale might move elsewhere.<\/span><\/p>\n<p><span style=\"font-weight:400\">For an events industry that Ovesen described as otherwise \u201con its knees,\u201d it\u2019s a crucial announcement. He says F1\u2019s commitment gives promoters something positive to take into conversations with nervous international artists.<\/span><\/p>\n<p><span style=\"font-weight:400\">Plenty is riding on it financially too. Ethara, the Grand Prix promoter, says the event generates more than AED1.5 billion ($408 million) in economic impact and requires more than 12,000 accredited workers.<\/span><\/p>\n<p><span style=\"font-weight:400\">David Powell, Ethara\u2019s chief portfolio and strategy officer, tells <em>Fortune<\/em> the race is Abu Dhabi\u2019s version of the Super Bowl, a single weekend that ripples through the economy by driving tourism, hospitality spend and temporary employment. Without it, that money and those jobs would simply not materialize, leaving a conspicuous financial hole in the UAE\u2019s crucial winter tourism season. Formula One\u2019s confirmation is \u201cexactly what\u2019s needed at the right time,\u201d he added.<\/span><\/p>\n<p><span style=\"font-weight:400\">The race looks secure. The question is how many global pop stars will join the party.<\/span><\/p>\n<h3>The Big Number<\/h3>\n<div class=\"block w-full\"><img alt=\"\" data-cy=\"article-image\" loading=\"lazy\" width=\"1090\" height=\"539\" decoding=\"async\" data-nimg=\"1\" class=\"transition-opacity duration-300 alignnone wp-image-4555473 size-full not-prose w-full\" style=\"color:transparent;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url(&quot;data:image\/svg+xml;charset=utf-8,%3Csvg xmlns='http:\/\/www.w3.org\/2000\/svg' viewBox='0 0 1090 539'%3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'\/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'\/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'\/%3E%3CfeComposite operator='out' in='s'\/%3E%3CfeComposite in2='SourceGraphic'\/%3E%3CfeGaussianBlur stdDeviation='20'\/%3E%3C\/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='none' style='filter: url(%23b);' href='data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR4nGNgYAAAAAMAASsJTYQAAAAASUVORK5CYII='\/%3E%3C\/svg%3E&quot;)\" sizes=\"auto, (max-width: 320px) 50vw, (max-width: 768px) 85vw, (max-width: 1024px) 50vw, (max-width: 1200px) 40vw, 33vw\" srcset=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/08\/EU-CARDS-2026-7.png?format=webp&amp;w=128&amp;q=100 128w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/08\/EU-CARDS-2026-7.png?format=webp&amp;w=256&amp;q=100 256w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/08\/EU-CARDS-2026-7.png?format=webp&amp;w=320&amp;q=100 320w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/08\/EU-CARDS-2026-7.png?format=webp&amp;w=384&amp;q=100 384w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/08\/EU-CARDS-2026-7.png?format=webp&amp;w=480&amp;q=100 480w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/08\/EU-CARDS-2026-7.png?format=webp&amp;w=576&amp;q=100 576w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/08\/EU-CARDS-2026-7.png?format=webp&amp;w=768&amp;q=100 768w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/08\/EU-CARDS-2026-7.png?format=webp&amp;w=1024&amp;q=100 1024w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/08\/EU-CARDS-2026-7.png?format=webp&amp;w=1280&amp;q=100 1280w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/08\/EU-CARDS-2026-7.png?format=webp&amp;w=1440&amp;q=100 1440w\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/08\/EU-CARDS-2026-7.png?format=webp&amp;w=1440&amp;q=100\"\/><\/div>\n<p><i><span style=\"font-weight:400\">Source: Communications, Space &amp; Technology Commission, 2026<\/span><\/i><\/p>\n<h3>The 3 things we enjoyed reading this week<\/h3>\n<ul>\n<li><span style=\"font-weight:400\">A $5,000 drone interceptor being assembled in the UAE could offer one answer to an increasingly expensive problem for the U.S. and its Gulf allies. The<\/span><i><span style=\"font-weight:400\"> New York Times<\/span><\/i><span style=\"font-weight:400\"> reports on Florida startup Powerus, whose Guardian interceptor is designed to destroy Iranian drones without resorting to multimillion-dollar missiles. The company is producing roughly 3,000 interceptors a month and wants to reach 15,000 globally by mid-2027. It\u2019s a fascinating look at how the war in Iran is reshaping the economics and geography of the defense industry.<\/span><span style=\"font-weight:400\"><br \/><\/span><\/li>\n<li><span style=\"font-weight:400\">Saudi Arabia is considering becoming an insurer of last resort for war risk, as conflict with Iran and Houthi attacks send commercial insurance costs soaring. The <\/span><i><span style=\"font-weight:400\">Financial Times<\/span><\/i><span style=\"font-weight:400\"> reports that Riyadh is discussing a state-backed scheme with London brokers that could provide up to $186 million of cover per incident, potentially backed further by the Saudi Export-Import Bank. It\u2019s another reminder that the war\u2019s economic consequences extend well beyond oil prices and why keeping ships moving increasingly requires governments to step in where private markets are getting nervous.<\/span><\/li>\n<li><span style=\"font-weight:400\">And finally, a little Dubai nostalgia. The city\u2019s Toyota Building, a 15-storey Sheikh Zayed Road landmark dating from 1974, is set to be demolished next year. <\/span><i><span style=\"font-weight:400\">The National\u2019s<\/span><\/i><span style=\"font-weight:400\"> Daniel Bardsley, who once lived there, writes about a building that predates almost everything now surrounding it and provided an affordable home to thousands of residents over five decades. Dubai is remarkably good at building the future. The piece raises the more difficult question of what from its relatively young past is worth keeping.<\/span><\/li>\n<\/ul>\n<\/div>\n<p>#Dubai #city #retail #traders<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to this week\u2019s Fortune&hellip; <\/p>\n","protected":false},"author":1,"featured_media":3167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3475,373,5050,1815,1816,22,717,2495,1515,2224,1443,1818],"class_list":["post-3166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-city","tag-debt","tag-dubai","tag-energy-prices","tag-fortune-gulf-brief","tag-investment","tag-oil","tag-retail","tag-saudi-arabia","tag-strait-of-hormuz","tag-traders","tag-uae"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Dubai has become a city of retail traders - Finance News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vaultinsider.top\/?p=3166\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Dubai has become a city of retail traders - Finance News\" \/>\n<meta property=\"og:description\" content=\"Welcome to this week\u2019s Fortune&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vaultinsider.top\/?p=3166\" \/>\n<meta property=\"og:site_name\" content=\"Finance News\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-26T10:02:40+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 \u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=3166#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=3166\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/#\\\/schema\\\/person\\\/ed40724a3e5d482ce66781a042c3c31e\"},\"headline\":\"Why Dubai has become a city of retail traders\",\"datePublished\":\"2026-08-26T10:02:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=3166\"},\"wordCount\":1837,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=3166#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.vaultinsider.top\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/GettyImages-2267678038-e1787736391312.jpg\",\"keywords\":[\"city\",\"debt\",\"Dubai\",\"energy prices\",\"Fortune Gulf Brief\",\"INVESTMENT\",\"oil\",\"Retail\",\"Saudi Arabia\",\"Strait of Hormuz\",\"Traders\",\"UAE\"],\"articleSection\":[\"Finance News\"],\"inLanguage\":\"zh-Hans\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.vaultinsider.top\\\/?p=3166#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=3166\",\"url\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=3166\",\"name\":\"Why Dubai has become a city of retail traders - 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