The UAE has been hit by another missile and drone attack, prompting some Middle Eastern funds to consider moving to Singapore.

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On March 13, the UAE stated that the region was attacked by seven missiles and 27 drones on Friday. On the same day, the Abu Dhabi National Oil Company (ADNOC) set the official selling price for its April Murban crude oil at $69.45 per barrel.


Meanwhile, crypto KOL "Lin Wanwan's Cat" revealed that some family offices from the Middle East have recently contacted Singapore, planning to relocate their funds there, and some Dubai-based family offices have already begun discussions about settling in Singapore. However, the funds entering Singapore still need to go through compliance procedures such as background checks by the Monetary Authority of Singapore.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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