The pool has grown fast. Six active funds in 2024 held a combined USD 572 mn, only USD 42 mn of it deployed. By 2025, the cumulative count reached 14 funds targeting USD 1.28 bn, 89% still undeployed.

WEATHER- It’s getting hotter and hotter in Abu Dhabi, with temperatures rising to 46°C before cooling to a low of 32°C. It’s less warm in Dubai, with the mercury topping out at 42°C before cooling to ...

Emirates REIT’s headline earnings fell 71% y-o-y to USD 54.3 mn in 1H 2026, as unrealized valuation gains dropped 79% to USD 37.2 mn off a high base, according to its interim report (pdf) and 1H ...

Eni plans to drill 30 exploration wells and 200 development wells in Egypt during the next phase of its investment program, CEO Claudio Descalzi told President Abdel Fattah El Sisi during a meeting in ...

Abu Dhabi National Energy Company (Taqa) is delisting from the ADX, following a vote from its board of directors and the completion of L’imad’s acquisition of full control of the firm earlier this ...

Abu Dhabi-based Al Dahra has begun implementing a five-year wheat supply agreement with Egypt worth up to USD 500 mn ...

The regional war’s biggest beneficiaries aren’t the companies with the most oil — they’re the ones with a way around Hormuz. ExxonMobil’s net income doubled y-o-y to USD 14.5 bn, Chevron’s rose close ...

Monthly rent may ease the upfront pain for tenants, but the real test is who fronts the rent and carries the risk ...

Adnoc has chartered around 15 crude carriers to maintain shuttle movements and customer deliveries amid Red Sea and Hormuz disruptions ...

Good afternoon, ladies and gents, and congratulations on making it to the long weekend. Can’t stop scrolling? We’ve broken down everything that’s been happening ...

Khanna joins from Bank of Singapore, where he led its private banking business for Europe and the Middle East out of Dubai ...

Plus: Amea Power is in talks with Egypt's Housing Ministry on potential investments in solar-powered water infrastructure ...