Ruggiero Lomonaco Pt 2 | Why Dubai IS the Best, Saving MY Family from Hell, Countries to Invest In
Dec 18, 2023
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Ruggiero Lomonaco, expert in Islamic Finance, discusses Dubai's transformation into a global powerhouse, the impact of a financial crash on average people, investing in different asset classes, power dynamics between East and West, the process of changing religion on a visa, and the coexistence of religions in the UAE.
Dubai's track record and ability to rebound from crises gives hope for future recovery.
Dubai has transformed into a global hub for business, tourism, and Islamic finance.
Deep dives
Dubai's resilience in the face of economic challenges
Dubai has proven its ability to rebound from crises, such as the 9/11 attacks and the financial crisis. Despite concerns about future challenges, including potential financial crashes, Dubai's track record and ability to rebound gives hope for future recovery.
The growth and development of Dubai
Dubai has witnessed significant development since the early 2000s, with the city expanding and evolving rapidly. From being a relatively small city with limited attractions, Dubai has transformed into a global hub for business, tourism, and Islamic finance. The construction of iconic landmarks such as the Burj Khalifa, Palm Jumeirah, and Dubai Marina are notable examples of its growth.
Dubai's embrace of Islam
Dubai provides a welcoming environment for Muslims, with numerous mosques throughout the city and a strong emphasis on Islamic principles. The city offers a sense of peace and security, where crime is virtually non-existent and Islamic practices are widely respected. Dubai's observance of Ramadan is particularly rich, with a vibrant nightlife and an array of opportunities for worship and reflection.
Opportunities for growth in Saudi Arabia
Saudi Arabia's recent efforts to open up and diversify its economy have presented significant investment opportunities. Riyadh, in particular, is undergoing transformation, with ambitious ventures in education, healthcare, agriculture, hospitality, and other sectors. The Saudi government's focus on attracting foreign investors and its policy of openness create an attractive environment for those seeking new opportunities in the region.
Invest with us at Cur8 Capital
We've bought back our most popular guest Ruggiero, an expert in Islamic Finance, and this time we talk about his move to Dubai, get some investment thoughts from a seasoned veteran and get really personal on his reversion journey by discussing his family.