The cover that appears in most of the world highlights a story that considers the promise and the perils of the new Middle East, which the Gulf countries want to reshape in their image. Economies are booming and wars are fading—but climate change is looming.

Leader: The new Middle East has more money and less mayhem. For now
Briefing: The Gulf countries want to reshape the Middle East in their image

Meanwhile, on our cover in Asia we look at how more competition in the wealth-management industry could change global finance.

Leader: Wall Street is racing to manage your wealth. That is a good thing
Our report: The $100trn battle for the world’s wealthiest people

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