Abu Dhabi Finance Week (ADFW) opened its doors yesterday, convening the world’s financial elite to address the shifting dynamics of global capital. With over $30trillion in assets under management represented, the event signalled the UAE’s intent to cement its status as a primary node in the global financial network. The opening day, themed ‘Capital of Capital’, moved beyond standard pleasantries to address the fractured geopolitical landscape and the role of the Middle East as a stabilising financial corridor. Ray Dalio, founder of Bridgewater Associates, set the macroeconomic tone early in the proceedings. Addressing a packed plenary hall, Dalio analysed the changing world order, noting that capital is increasingly flowing away from traditional western centres toward neutral, stable jurisdictions. He highlighted the Gulf Cooperation Council (GCC) region not merely as a source of oil wealth, but as a growing hub for sophisticated capital deployment. Dalio commented on the necessity of diversification in an era of conflict. He suggested that investors must look at the “fundamentals of nations” that are investing in their own infrastructure and education. He noted that the region is currently enjoying a “renaissance” driven by prudent fiscal management and a willingness to engage with global partners regardless of political polarity. Following the macroeconomic outlook, Jamie Dimon, chairman and CEO of JPMorgan Chase, took the stage to discuss the resilience of the banking sector. Dimon addressed the complexities of the current US economic climate and its ripple effects on global markets. He warned against complacency regarding inflation and interest…
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