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Private equity firm joins rivals with Dubai authorisation

City Correspondent

Dubai has seen an influx of private equity firms in recent years

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Global private equity firm Warburg Pincus has received full authorisation to operate in Dubai, as buyout shops flock to the Middle Eastern hub.

New York-headquartered Warburg obtained a licence from the Dubai Financial Services Authority in late June, according to regulatory filings.

Warburg Pincus picks Dubai for Middle East outpost

Lars Mucklejohn

Investing

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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