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Cryptopolitan
2023-05-10 17:14:16

Abu Dhabi royal firm bets against US stocks amid global recession fears

Abu Dhabi royal firm bets against US stocks amid global recession fears

An Abu Dhabi royal-controlled investment firm, Royal Group, has reportedly built a short position worth billions of dollars in US stocks in anticipation of a potential market recession. The firm, chaired by United Arab Emirates National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan, has taken a more negative stance on equities since the beginning ... Read more

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