Semafor Gulf

XRG’s board scrapped plans for a partnership with Apollo to invest in AI and energy projects after pushback from Blackstone’s Jon Gray, people familiar with the matter said.

Today’s Gulf countries still have cash — not to splash around, but to invest in projects that bring tangible benefits back home.

The project will include luxury residential units and hotels, shops, business parks, a marina, and cultural venues, targeting high-net worth individuals.

The Abu Dhabi sovereign wealth fund increasingly relies on AI to screen deals, make investment decisions, monitor assets, and sell its own tech products.

The new homegrown AI firm has a mandate to build the platforms and systems needed to speed up AI adoption across Qatar, its CEO said.

US mom-and-pop investors will be able to access private equity funds “in the next year or two,” Carlyle’s chairman said at Abu Dhabi Finance Week.

Shifting away from religious symbolism may help address the Israeli-Palestinian conflict’s political roots.

The world’s top asset managers are convening in the city as the government commits billions of dollars to accelerate its ascent as a global financial hub.

The emirate’s government is partnering with a firm offering bespoke concierge services to ultra-high-net worth individuals.

Oil prices remain the defining metric of the region’s future fortunes, even if their impact is not uniform across countries.

Backed by Lunate and BNY, Alpheya’s platform gives banks the tools to modernize wealth management.

The UAE and Saudi Arabia have supported different groups in Yemen for years, but the latest developments bring their rivalry there to a new level.