Hong Kong and Turkey are both making a play for the wealthy expats London and the Gulf are losing

Two financial centers that spent the last decade playing catch-up are now making a coordinated pitch rolled out Hong Kong

The tax terms are only half the pitch:

Hong Kong’s package is narrower but more targeted at capital allocators specifically. cut its own taxes

This all comes as Dubai and Abu Dhabi’s safe-haven status gets tested by the US-Iran conflict

(** Tap or click the headline above to read this story with all of the links

Interest rates (CBE)

S&P Egypt Sovereign Bond Index

S&P MENA Bond & Sukuk

VIX (Volatility Index)

The EGX30 marginally rose at Thursday’s close