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Semafor World Economy

Kelsey Warner

Kelsey Warner

Reporter

Email Kelsey

Sign up for Semafor Gulf: Navigating the region’s capital, influence, and power.

Abu Dhabi lab advances AI search for non-opioid painkillers

Insilico Medicine has found success in Abu Dhabi thanks to available talent and cheap computing power in the UAE capital.
A graphic showing genome.
Al Lucca/Semafor

Ultra-rich pull back from Dubai real estate

Home sales above 10 million dirhams fell 54% in the second quarter compared to the first, according to real-estate brokerage Savills.
General view of the Burj Khalifa and the downtown skyline in Dubai.
Mohammed Salem/File Photo/Reuters

Abu Dhabi’s oysters outnumber expectation

A three-year effort to map the oyster population in Abu Dhabi’s waters yielded more than expected, according to the emirate’s environmental agency.
A research diver off the UAE coast. Courtesy of Environment Agency-Abu Dhabi.

Revived Iran conflict dims Gulf’s economic recovery hopes

The collapse of the interim peace deal between the US and Iran is delaying recovery in crucial economic sectors, including aviation, energy, tourism, and real estate.
People walk past a mural depicting the late leader of the Islamic Revolution, Ayatollah Ruhollah Khomeini, and Iran’s late Supreme Leader Ayatollah Ali Khamenei, on a street in Tehran.
Majid Asgaripour/WANA via Reuters

Saudi AI champion HUMAIN to supply compute to Canada startup Cohere

The deal follows a thawing of bilateral relations after a years-long diplomatic rift over Saudi Arabia’s human rights record.
Canadian Prime Minister Mark Carney meets Saudi Arabia Crown Prince Mohammed bin Salman in Jeddah, Saudi Arabia, July 9, 2026.
Saudi Press Agency/Handout via Reuters

Middle East venture capital collapses as international investors retreat

Deal count hit a five-year low in the first half of 2026 and there may be worse to come, according to venture capital tracker Magnitt.
A view of Abu Dhabi.
Hamad I Mohammed/Reuters

Saudi-UAE border trade slows amid tensions

Importers and truckers report long lead times for getting goods across the border into the kingdom.

Microsoft deepens AI ties with UAE to automate government work

Abu Dhabi is pushing to meet its own deadline to automate at least half of the public sector’s work using AI agents.

Dubai presses on with megabuilds

The emirate approved an 18 billion-dirham ($4.9 billion) spending plan for new measures aimed at improving the attractiveness of the city.

Gulf wealthy snap up exclusive European mansions

A Sardinian compound once known for “bunga bunga” parties and a “mini Buckingham palace” are among the luxury properties bought by Gulf billionaires.

Burjeel issues $500M Islamic bond as market thaws

The Abu Dhabi-listed company said demand was three times larger than supply, in a sign that Gulf debt markets are thawing after the US-Iran conflict stalled new issuances.

UAE passenger rail network to launch next week

The new 55 dirham ($15) route from Abu Dhabi to Fujairah has long been anticipated by road-weary residents.

UAE bans social media for under-15s

Children 14 years old or younger will be banned from having social media accounts, and 15- and 16-year-olds will only have access with parental controls.

AI energy firm born out of ADNOC and G42 eyes US

AIQ has around 200 use cases for the oil and gas industry and is now looking to export from Abu Dhabi.

Dubai free zone looks to expand with focus on food security

Dubai Multi Commodities Centre has developed new hubs for traders in cacao, meat and protein, honey, and saffron, in a push beyond its historical dominance in gold and diamonds.

Dubai wants residents to live longer

Dubai launched a new longevity authority, a body tasked with rolling out regulations covering R&D through to patient care.

Sam Altman calls off Abu Dhabi visit

As an investor and customer, the UAE has deep ties to OpenAI.

Blue Owl opens office in Abu Dhabi

Wall Street firms are still betting on the UAE capital despite uncertainty over the Iran war.
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