UAE Hit Again by Missile and Drone Attacks, Some Middle East Funds Consider Shifting to Singapore

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Mars Finance News: On March 13, the UAE announced that it was attacked by a total of 7 missiles and 27 drones on Friday. On the same day, Abu Dhabi National Oil Company (ADNOC) set the official April Murban crude oil price 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 transfer funds there. Some Dubai family offices have already begun discussions about establishing a presence. However, the transfer of related funds to Singapore still requires compliance procedures such as background checks by the Monetary Authority of Singapore.

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