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https://www.wsj.com/articles/dubai-uae-saudi-arabia-oil-ukraine-qatar-aa72c59

A promenade near the Burj Khalifa skyscraper in Dubai. Christopher Pike/Bloomberg News

​​Persian Gulf States Boom With ​​Billionaires, Beyoncé and Bling

Oil-rich Gulf countries have become a magnet for global wealth, and they’re trying new strategies to keep the good times rolling

By Rory Jones
 and Stephen Kalin

DUBAI—Sports stars, tech billionaires and influencers arrive on more than 30 charter flights a day at this Persian Gulf emirate’s main private-jet terminal, where traffic has tripled in the past three years. Fliers are served macarons and cappuccinos with their faces printed on the froth.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.