Adveith Nair

Residents across the United Arab Emirates received emergency alerts on their phones on Friday warning of a potential missile threat, minutes before authorities issued an all-clear and instructed people to disregard the original message.

The scale of MGX’s efforts are unprecedented in the city’s history.

The emirate is deploying its sovereign wealth to become one of the hedge fund industry’s biggest sources of capital.

Besides the pipeline partnership, Kuwait’s largest-ever foreign direct investment, the country also sold $6 billion of bonds.

Dubai’s financial hub topped 10,000 active registered companies for the first time, underscoring the emirate’s continued success in attracting global firms despite a period of heightened geopolitical tensions in the region.

HSBC Holdings Plc agreed to sell its retail banking business in Egypt to Emirates NBD PJSC, as Chief Executive Officer Georges Elhedery continues to simplify the lender and sharpen its focus on core markets.

While top finance talent continues to bet on the Gulf, recruitment has become more complicated.

The UAE has moved more oil through Hormuz than anyone else over the past two months.

For Middle Eastern investors, the results offer another marker of what their AI bets may ultimately be worth.

The on-again, off-again nature of the conflict threatens to halt the region’s attempts to return to normalcy.