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Inside the Everything Bubble

Forbes Middle East - English

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Forbes ME December English Issue

FROM AN AI-FUELED STOCK RALLY TO RECORD-HIGH GOLD, THE SIGNS ARE STACKING UP THAT NEARLY EVERY ASSET CLASS IS DUE FOR A RECKONING.

- by BRANDON KOCHKODIN

Asset bubbles give off a scent. Stocks far outpace earnings. Junk debt looks gold-plated. But, no matter how good the rally feels, eventually skepticism arises. The question is whether the smoke alarm is chirping from a dead battery or fire?

The S&P 500 sits at 6,700, nearly double what it was five years ago. The Magnificent 7 tech titans are the rocket fuel. They account for nearly 40% of the index and they're placing trillion dollar bets that AI rewires the world.

FLERE HISTORIER FRA Forbes Middle East - English

Forbes Middle East - English

Forbes Middle East - English

THE RELUCTANT VISIONARY

Sobha Group's Founder, PNC Menon, the U.A.E.'s wealthiest real estate expat billionaire, has built a fully integrated empire of luxury property and interiors. From record 2025 sales to landmark island projects, his next-generation leadership is redefining the region's property landscape.

time to read

6 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

Jackpot Stock Scare Story

WHAT TO DO IF MUCH OF YOUR WEALTH IS IN A SINGLE ASSET AND YOU DON'T WANT TO BE CLOBBERED BY CAPITAL GAINS TAXES.

time to read

5 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

Crash-Proof Funds

WORRIED ABOUT A BUBBLE? INNOVATOR CAPITAL HAS 160 ETFS DESIGNED TO LET YOU RIDE THE BULL MARKET WITH YOUR SEAT BELT SECURELY FASTENED.

time to read

4 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

BUILDING BLOCKS

As Founder and Chairman, Rizwan Sajan has grown Danube Group into a multi-vertical conglomerate, cementing its position as one of Dubai's most prominent private-sector developers. His latest move, a Shah Rukh Khan-branded tower, introduces one of Danube's most high-profile projects to date.

time to read

6 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

Leadership: The Journey Continues

Becoming a leader is not a conclusion, it is the beginning of a journey and the Middle East's business elite is putting its best foot forward.

time to read

6 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

PROFITING PERSONALLY

Lili Reinhart rode mainstream media to stardom. Now she's building a huge social media fan base to back her entertainment and skin care bets.

time to read

2 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

UNLOCKING VALUE

Mahmoud AbdelMaksoud, Cofounder and Co-CEO of Nawy Unlocked, is transforming Egypt's rental market by converting idle unfinished units into income-generating homes. After joining Nawy in January 2025 via acquisition, he plans to scale from 300 units to 7,000 within five years.

time to read

5 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

AI's Inner Voice

ELEVENLABS' computer voices are so convincing they could fool your mother. That's both a blessing-its 30 Under 30 alumni founders are now both billionaires- and a curse for the four-year-old company.

time to read

5 mins

Forbes ME December English Issue

Forbes Middle East - English

Inside the Everything Bubble

FROM AN AI-FUELED STOCK RALLY TO RECORD-HIGH GOLD, THE SIGNS ARE STACKING UP THAT NEARLY EVERY ASSET CLASS IS DUE FOR A RECKONING.

time to read

1 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

Investment, Innovation, Ambition: The GCC Logistics Sector Is Evolving

In a context of economic diversification, shifting trade patterns, and advancing technology, the GCC is developing a logistics sector that is fit for the future.

time to read

4 mins

Forbes ME December English Issue

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