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Abu Dhabi’s ADIA joins sovereign wealth’s $1 trillion club

Trailing Norway and China, ADIA holds $1.06 trillion in assets, Kuwait's KIA has $980 billion and Saudi Arabia’s PIF stands at about $950 billion

Dubai’s stock market surges to highest in close to a decade

The rally in the Dubai Financial Market comes amid expectations that the U.S. Federal Reserve will cut interest rates this week

Mubadala is ‘zooming in’ on AI, CEO Khaldoon Al Mubarak tells Milken

Middle East and Africa Summit wraps up in Abu Dhabi with U.S. Ambassador Martina Strong pointing to $1.5 billion Microsoft deal as indicator of UAE's value in tech partnerships

Lazard joins Goldman in setting up regional base in Saudi capital

Stonepeak, a New York-based investment firm managing $71 billion in assets, said it will open a Middle East office in the Abu Dhabi Global Market

Aramco profit surges as exports withstand Hormuz disruption

The world's largest oil company said attacks on key infrastructure in July had no material impact on its operations or financial results

Quick Hits

UNDER PRESSURE

Aramco CEO warns global oil stockpiles are getting ‘scarily thin’

game over

Saudi Arabia scraps NEOM Stadium, set to drop Joy Awards

The Daily Circuit: NEOM Stadium shelved + NEOPAY buys Noon Payments stake

The Daily Circuit: Abu Dhabi-built AI satellite launches + Rolls-Royce’s Saudi engines

sandy sounds

Saudi Arabia’s Soundstorm desert music festival scrubbed for 2026

Business Class

UAE’s first commercial AI satellite launches aboard SpaceX mission

risky business

Flydubai suspends Israel flights after attack forces Saudi landing

The Daily Circuit: Temasek expands in Gulf + flydubai temporarily halts Tel Aviv flights

NEW ARRIVAL

Singapore’s Temasek expands Middle East presence

BYPASS BILLIONS

L’Imad sovereign fund takes lead in UAE’s ‘Zero Hormuz’ strategy

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