Joshua Rubenstein Quoted in Citywealth on Appeal of United States for Dubai Family Offices

Partner and National Chair of Katten's Private Wealth Department Joshua Rubenstein was quoted in a Citywealth article on the Middle East's economic renaissance and how the biggest cities in the region have maneuvered for sustained growth.

Joshua commented on the interest that Dubai-based family offices have in the United States: "I see a lot of Middle Eastern money coming into the US, particularly from Dubai-based family offices, as they perceive the US to be entering a phase of minimal regulation of business interests, at least for the next four years."

Joshua elaborated on how the second Trump administration has impacted the movement of money domestically and in the Middle East. "From a US perspective, at the moment there is a lot of movement of money, and in some cases of people, by ultra-wealthy individuals who are concerned that they will be targeted by the current US administration for their support of liberal causes like pro-Democratic, pro-environmental or pro-diversity, particularly given Trump's promise to retaliate against his "enemies." But I don't see much if any of that movement going to the Middle East. Given the fear of confiscation of assets, that money is seeking more traditional financial centres with robust judicial systems that can be expected to resist extra-territorial judicial attack. That may change, however, particularly in the case of investing in Israel, if Trump pursues his surprising, announced plan to turn Gaza into a Riviera."

"Middle East's Financial Powerhouses: Discover the Latest Transformations," Citywealth, February 26, 2025