Originally Posted by FCZ

It was published today at thenational.ae:
"A Brazilian investment bank will begin operations in Dubai in the autumn to capture part of the region’s capital destined for emerging markets.

Large institutional investors in the Gulf have been shifting their interest and capital from the weakening economies in the US and Europe to take advantage of the growth in the East. Itaú Securities, the investment banking arm of Brazil’s second largest lender, plans to divert some of the region’s cash into Brazilian debt, stocks, private equity, real estate, and infrastructure sectors. Thomas DeCoene, the New York-based president of Itaú, said institutional investors in the GCC had been active in a number of initial public offerings (IPOs) last year, and were looking for more opportunities in Brazil.

“We will bring all Brazilian IPOs here,” Mr DeCoene said. The company is currently offering investors in Abu Dhabi a stake in a US$1.4 billion (Dh5.1bn) equity offering in a steel producer. Brazil is also seeing increased local appetite for biofuels, tourism, and property...

The scale and depth of these markets make the country naturally attractive to the massive pools of cash available in the GCC." (GCG = Gulf Cooperation Countries).
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It is estimated that Just Abu Dhabi Investiment Authority has funds around 900 billion dollares; Dubai authority around 500 billions.

By the price of one bed ap. in Dubai it's possible to buy a 3 bedrooms Villa in Brazil. It fits those who like party/sensuality & those who prefer a peaceful place (huge coastline). July-August in Dubai reaches 50C and it is at least 7 hrs flight from Europe. Shopping is better in Dubai though.