Semafor Gulf

Organizers feared a subdued annual gathering for Abu Dhabi’s seven-year-old entrepreneurial center Hub71; the vibe at the event this week was anything but.

The region’s listed companies saw net profits rise 15.5% to a record $67.9 billion in the first quarter, before the beginning of the war in Iran.

The country is proving more able than others in the region to handle the disruption caused by the Iran war.

In a first for the US, the two American aviators aboard the chopper were rescued by a drone boat.

The deal, which would create a 140-acre industrial park in Pakistan’s port city of Karachi, is a further sign of warming ties between the two countries.

Mutlaq Al-Ghowairi Contracting Co said it had attracted enough demand to cover its $799 million share sale, but decided to pull the offering “after careful consideration.”

A survey of 546 firms from US recruiting firm ManpowerGroup offers a rare forward-looking read on sentiment.

Flights have returned, with Etihad and Emirates back close to their prewar capacity, but the war is hammering their profits, and hotels are even worse off.

Oil market dynamics were mostly influenced by supplies. The Iran war is testing whether demand-side management is also possible.

Both countries vowed retaliation if the other resumed strikes.

The US government approved a Kuwaiti order for $2 billion in counter-drone systems.

Saudi billionaire Prince Alwaleed bin Talal has picked many winners in his career, but outside investors in his holding company haven’t benefited.