MOON DANCE

The Qatar Investment Authority has co-led a $350 million fundraising round for a company manufacturing space suits for NASA’s Artemis III moon mission and building the world’s first commercial space station. Texas-based Axiom Space, which is valued at more than $2.5 billion, received backing from the QIA, along with Type One Ventures, Hungary-based IT company 4iG and Florida-based 1789 Capital, which counts Donald Trump Jr. as a partner. The company will use the funds to enhance its spacesuits and build the first two modules of its space station, which is expected to be the future successor of the International Space Station. It comes amid global rivalry over space technology and as Elon Musk’s SpaceX plans for a potential IPO this year. 

DATA CORRIDOR

An Iraqi-Emirati consortium is planning a $700 million high-speed cable linking the UAE to Turkey through Iraq, aiming to ease pressure on crowded east-west data routes. The project, called WorldLink, would run underwater from Fujairah in the UAE to Iraq’s Faw Peninsula, then continue overland to the Turkish border. Backers say the network will be built in stages over about five years to serve big cloud and AI companies while offering a faster alternative to routes that pass through the Suez Canal, Reuters reports. The plan underscores intensifying Gulf competition to become a regional hub for digital connectivity and data-center investment.

Mubadala: The Abu Dhabi fund backed a $31 million fundraising round by Dubai-based fractional property investment app Stake, which was led by Emirates NBD. Other investors included Saudi Aramco’s venture capital arm and Middle East Venture Partners.

Mubadala: Mubadala Bio, a subsidiary of Mubadala, has completed the full acquisition of Al Ittihad Drug Store and Global Medical Supply Chain  following its initial 80% stake purchase at the end of 2024. 

Mubadala Capital: The sovereign wealth fund’s investment is taking on more complex deals following its $6.2 billion Clear Channel Outdoor buyout, as it seeks higher returns by targeting niche opportunities that larger rivals often avoid, Bloomberg reports.

Mubadala: The co-founders of Turkish grocery and food delivery platform Getir are seeking $700 million in damages from the Abu Dhabi fund, alleging in a London court that it failed to transfer key assets promised under a restructuring agreement. It comes after Mubadala agreed to sell Getir’s delivery operation in Turkey to Uber for $335 million.

L’imad Holding: Modon Holding has awarded $316 million contract to Egypt’s Orascom Construction to deliver a mixed-use project within the $35 billion Ras El Hekma development.

L’imad Holding: EMSTEEL Group and Oldendorff Carriers have signed a five-year $162 million freight agreement to transport iron ore pellets to the UAE.

Dubai Holding: Dubai Holding and U.K.-based Nord Anglia Education have partnered to develop and operate premium K-12 schools across Dubai.

Public Investment Fund: Flyadeal, which is indirectly owned by the PIF, plans to more than double its fleet from 45 to over 100 aircraft by 2030, adding wide-body Airbus A330 jets alongside its Airbus A320 fleet to operate flights to destinations across Southeast Asia.

🔥 LNG Lock-In: U.S. gas producer Caturus signed a 20-year deal to supply Saudi Aramco with 1 million tons per year of LNG from its planned Louisiana export project, underscoring long-term global demand for American gas.

💰 Digging Funds: Kuwait Energy Basra Company, an oil and gas company operating in Iraq, secured a $346 million reserve-based lending facility from Arab Energy Fund to expand Iraq’s Block 9 oil field

💵 Property Play: EIGHTClouds, a Dubai-based alternative investment firm, has launched an open-ended real estate fund, aiming to raise over $300 million.

🚧 Belt Billions: China’s Belt and Road Initiative reached a record $213.5 billion in 2025, with the Middle East accounting for about $39.4 billion, driven by construction and energy projects.

🏗️ Property Push: Gulf real estate markets are expected to keep expanding into the first half of 2026, led by Saudi Arabia, the UAE and Kuwait, according to the Kuwait-based Markaz research organization.

✈️ Luxury Flying: Dubai-based premium leisure airline Beond signed a letter of intent with Bahrain’s civil aviation regulator to launch operations in the kingdom.

🛃 Visa Clampdown: Riyadh is tightening scrutiny of business visas, disrupting the long-standing “fly-in fly-out” model used by UAE-based professionals to work in Saudi Arabia without relocating.

🛑 One Stop: The UAE and Bahrain have launched a one-point travel pilot enabling preclearance at departure through Zayed International Airport and Bahrain International Airport, ahead of a planned Unified GCC Tourist Visa.

🛢️ Pipe Dream: Algeria said that construction of the $13 billion Trans-Saharan Gas Pipeline, linking Nigeria, Niger and Algeria, will begin after Ramadan.

UAE President Sheikh Mohamed bin Zayed held a phone call on Monday with Kyriakos Mitsotakis, Prime Minister of Greece.

Sheikh Tahnoon bin Zayed, Deputy Ruler of Abu Dhabi and UAE National Security Adviser, met with former British Prime Minister Tony Blair on Monday.

Lt. Gen. Sheikh Saif bin Zayed, UAE Deputy Prime Minister and Minister of Interior, met with Aziz Tashbulatov, Minister of Interior of Uzbekistan.

Lana Nusseibeh, UAE Minister of State, met with Mark Rutte, Secretary-General of NATO, on the sidelines of the Munich Security Conference.

Eileen Jennings-Brown was appointed as Chief Technology Officer of Juvenescence, a clinical-stage AI-enabled biotech company developing novel medicines to extend healthy lifespan, which has new research offices in Abu Dhabi’s Masdar City.

Saad Sherida Al-Kaabi, Qatar’s Minister of Energy and President and CEO of QatarEnergy hosted a farewell reception in honor of Abdulrahman Ahmad Al-Shaibi, QatarEnergy’s Executive Vice President for Finance and Planning, who is retiring.

📷 Decisive Moment: The remarkable career of Ramesh Shukla, the UAE’s first royal photographer, is being remembered after his death on Sunday at the age of 87. Shukla, who arrived by boat from Mumbai in 1965, saw his life change forever after a chance meeting with the UAE’s Founding Father Sheikh Zayed at the Sharjah Camel Festival, where he snapped his photograph. The budding photographer gifted the resulting image to the late UAE President and from that day on remained by his side capturing some of the key moments in the history of the emirates, The National reports.

March 25-27, Miami. FII Miami 2026. A summit on disruptive technology and investment trends hosted by the Public Investment Fund’s Future Investment Initiative Institute. Faena Hotel, Miami Beach.

March 31-April 2, Dubai. Arab Media Summit. The annual gathering brings together Arab media personnel, influencers and organizations. DWTC. 

April 6-13, Dubai. Quantum Innovation Summit. Part of Global Quantum Week, focusing on quantum technology and applications. Grand Hyatt.

April 6-7, Riyadh. Real Estate Supply Chain Forum. Transforming the real estate supply chain landscape. Mandarin Oriental. 

April 7-9, Dubai. Middle East Energy. Discover what’s new in energy. Dubai World Trade Centre. 

April 7-9, Abu Dhabi. Future Health. Bringing together global leaders in government, science, technology and investment. ADNEC.

April 11-20, Abu Dhabi. Abu Dhabi International Book Fair. Fostering collaboration between regional publishing sectors and creative industries. ADNEC.

April 20-22, Riyadh. Future Aviation Forum. Exploring the future of air transport, sustainability, advanced air mobility, and artificial intelligence. King Abdulaziz International Conference Center.

April 13-16, Riyadh. LEAP 2026. Global tech event covering AI, 5G and startups. RECC Malham.

April 21-23, Dubai. UITP Summit 2026. A high-level event for the public transport sector looking at the future of urban mobility. Dubai World Trade Centre

April 24-26, Abu Dhabi. Middle East Film & Comic Con. Featuring some of the world’s biggest brands in film, TV, sci-fi, animation, manga, comics and collectibles.

April 29-30, Dubai. TOKEN2049 Dubai. A global gathering for the crypto ecosystem. Madinat Jumeirah.

OLD NEW HAND

Saudi Arabia’s tapping veteran banker Fahad Al-Saif as Investment Minister appears to signal a pragmatic pivot toward deal-making that delivers hard cash, as the kingdom pushes to triple annual foreign direct investment to $100 billion by 2030. The appointment comes as Riyadh scales back costly megaprojects while maintaining pressure to advance Crown Prince Mohammed bin Salman’s economic diversification agenda. Al-Saif orchestrated Saudi Arabia’s $21.5 billion bond issue in 2017 that established the kingdom as one of the most active emerging-market sovereign issuers, and most recently led investment strategy at the $1 trillion Public Investment Fund. He told the American Business Forum in Miami in November that the PIF would shift from a growth phase centered on deploying capital to an “impact” phase aimed at turning investments into productive industries. What that means should become clear in the coming weeks, with the PIF expected to lay out its refreshed plans for the next five years.

SPACE SHOT

The UAE has successfully launched its first homegrown rocket to conduct space research. The tiny projectile, weighing 13 kilograms (29 pounds), blasted off on Friday from a remote island off Abu Dhabi and soared to an altitude of 3 kilometers (1.9 miles) before a parachute opened and the vessel landed in the UAE desert, The National reports. The flight itself was a test of the UAE’s ability to launch a reusable research rocket, which was equipped with an engine, injectors, tanks, control systems and avionics that were designed and built by the government’s Technology Innovation Institute. “This launch is a defining moment for science and engineering in the UAE,” said Najwa Aaraj, the institute’s CEO.

International Holding Co.: The Abu Dhabi-owned conglomerate, led by Sheikh Tahnoon bin Zayed, said 2025 revenue jumped 29% from the previous year to $30.3 billion, while profit after taxes rose 35% to $9.4 billion.

Mubadala: Blue Owl, a New York-based asset manager whose backers include the Abu Dhabi Mubadala sovereign wealth fund and the Qatar Investment Authority, is seeking new deals tied to rising demand for AI infrastructure and financing, The Information reports.

Mubadala: The fund joined Japan’s SBI Investment Co. and a Saudi billionaire family in backing Egyptian ecommerce startup Breadfast in a $50 million financing round. 

Public Investment Fund: Saudi Basic Industries Corp. signed an agreement to supply raw materials to a joint venture between the PIF and Pirelli Tyre.

ADNOC: The six listed companies owned by Abu Dhabi’s national oil company posted a combined $9.7 billion net profit for the 2025 financial year, based on revenues of $51.8 billion.

💰Strategic Takeover: Jeddah-based SISCO said its portfolio firm Green Dome Investments acquired 100% of Dubai-based cold-chain logistics provider Transcorp International for $61 million.

🛡️ Defense Startup: Anduril, a Silicon Valley defense startup founded by former Palantir employees and backed by Peter Thiel’s Founders Fund, Andreessen Horowitz and 8VC, is seeking to raise funds at a $60 billion valuation, The Information reports.

🚢 Shipping Sale: Hapag-Lloyd, a German cargo shipping company whose backers include Qatar Holding and Saudi Arabia’s Public Investment Fund, is in advanced talks to acquire Israel’s ZIM Integrated Shipping for $3.5 billion, Bloomberg reports.

📈 Parallel Push: Saudi Arabia is expanding the role of Nomu, the kingdom’s small-cap equity market, as a stepping-stone for companies to access capital before potentially graduating to the main Tadawul exchange, Arab News reports.

💬 Another Try: Warner Bros. Discovery is weighing whether to re-engage in sale talks with Paramount Skydance after receiving a revised offer, Bloomberg reports. 

🌐 New Defense: Saudi intelligence has quietly approached rival defense data vendors for Palantir-like tools to hedge against geopolitical risk after U.S. control concerns, Intelligence Online reports.

🤝 New Arrival: Charles Park Family Office, a U.K.-based multi-family office, formed a strategic partnership with financial planning firm AES International to establish a Dubai presence.

UAE President Sheikh Mohamed bin Zayed received Emir of Qatar Sheikh Tamim, following his arrival in the UAE on Sunday.

Sheikh Mohamed held a phone call with Turkey’s President Recep Tayyip Erdoğan on Sunday. 

U.S. President Donald Trump is expected to attend Saudi Arabia’s Future Investment Initiative conference in Miami in March, marking his second consecutive appearance at the event, Reuters reports. 

Prince Faisal bin Farhan, Saudi Arabia’s Minister of Foreign Affairs, participated in a discussion session at the Munich Security Conference on Friday.

Prince Faisal met with Syrian Foreign Minister Asaad Al-Shaibani and his delegation on the sidelines of the Munich Security Conference on Saturday.

Sheikh Hamdan bin Mohammed bin Rashid, Crown Prince of Dubai and UAE Deputy Prime Minister and Minister of Defense, granted the title of Arab Hope Maker and a cash prize of AED1 million to Fouzia Jbara Mahmoudi from Morocco on Saturday.

Queen Rania of Jordan visited Indian billionaire Mukesh Ambani and his family at their Mumbai residence, Antilia, on Saturday.

Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, and Ahmad Alattar, UAE Ambassador to Germany, hosted a reception on Friday on the sidelines of the Munich Security Conference. The event was attended by UAE figures including Dr. Anwar Gargash, Diplomatic Advisor to the UAE President and Lana Nusseibeh, UAE Minister of State. European dignitaries included Alois, Hereditary Prince of Liechtenstein, and Katherina Reiche, Germany’s Federal Minister of Economic Affairs and Energy.

Jasem AlBudaiwi, Secretary-General of the Gulf Cooperation Council, met on Saturday with the European Union’s Special Representative for the Gulf region Luigi Di Maio, on the sidelines of the Munich Security Conference.

Nawaf Salam, Lebanon’s Prime Minister, told Bloomberg that his government can overcome differences with the International Monetary Fund over a proposed law to let depositors recover trapped funds from the country’s banks.

Sultan Al Neyadi, the astronaut who is UAE’s Minister of State for Youth Affairs, won a silver medal in jiu-jitsu on Friday at the Open Masters Games in Abu Dhabi.

Abdulaziz Mohammed Faraj Al Mulla was appointed as Director General of the UAE Federal Tax Authority by a presidential decree. 

✈️ Modern Treasure: Abu Dhabi’s decommissioned airport terminal will be protected from demolition, as one of 40 buildings and sites added to the emirate’s Modern Heritage Register. The old Terminal 1 of Zayed International Airport, which opened in 1982, was designed by French architect Paul Andreu, who was also responsible for Charles De Gaulle Airport in Paris and Terminal 3 at Dubai. Other sites added to the list include the Corniche Hospital, Madinat Zayed Bus Station and the Abu Dhabi Geneva Flower Clock. 

March 25-27, Miami. FII Miami 2026. A summit on disruptive technology and investment trends hosted by the Public Investment Fund’s Future Investment Initiative Institute. Faena Hotel, Miami Beach.

March 31-April 2, Dubai. Arab Media Summit. The annual gathering brings together Arab media personnel, influencers and organizations. DWTC. 

April 6-13, Dubai. Quantum Innovation Summit. Part of Global Quantum Week, focusing on quantum technology and applications. Grand Hyatt.

April 7-9, Dubai. Middle East Energy. Discover what’s new in energy. Dubai World Trade Centre. 

April 7-9, Abu Dhabi. Future Health. Bringing together global leaders in government, science, technology and investment. ADNEC.

April 11-20, Abu Dhabi. Abu Dhabi International Book Fair. Fostering collaboration between regional publishing sectors and creative industries. ADNEC.

April 20-22, Riyadh. Future Aviation Forum. Exploring the future of air transport, sustainability, advanced air mobility, and artificial intelligence. King Abdulaziz International Conference Center.

April 13-16, Riyadh. LEAP 2026. Global tech event covering AI, 5G and startups. RECC Malham.

April 21-23, Dubai. UITP Summit 2026. A high-level event for the public transport sector looking at the future of urban mobility. Dubai World Trade Centre

April 24-26, Abu Dhabi. Middle East Film & Comic Con. Featuring some of the world’s biggest brands in film, TV, sci-fi, animation, manga, comics and collectibles.

April 29-30, Dubai. TOKEN2049 Dubai. A global gathering for the crypto ecosystem. Madinat Jumeirah.

CLAUDE BILLIONS

Abu Dhabi tech investor MGX co-led a $30 billion funding round in U.S. firm Anthropic, the maker of the Claude AI chatbot. The deal, led by Singapore’s sovereign wealth fund GIC and Coatue Management, roughly doubled Anthropic’s valuation to $380 billion. Anthropic, founded in 2021, has rapidly grown its revenue run rate to $14 billion, focusing on safer AI applications for sectors like finance, healthcare, and software. MGX, which was set up less than two years ago with support from Mubadala and tech conglomerate G42, has been expanding its U.S. tech footprint, including stakes in OpenAI and Elon Musk’s xAI, and participation in a $40 billion acquisition of Aligned Data Centres.

RAISING ROBOTS

The Qatar Investment Authority has backed a Tesla Optimus rival that plans to sell humanoid robots for the price of a car. Austin, Texas-based Apptronik raised $520 million in a round backed by investors including Google, Mercedes-Benz and the QIA, valuing the company at about $5 billion. Apptronik plans to use the new funds to speed up production of its Apollo robot and expand its global pilot programs and commercial deployments. The QIA has been raising its stakes in advanced technology, with recent investments in Elon Musk’s xAI, U.S.-based chipmaker Positron and OpenAI competitor Anthropic.

Qatar Investment Authority: The QIA and Franklin Templeton announced the launch of a day-traded mutual fund with an initial capital of $200 million.

Mubadala: Mubadala Energy awarded Texas-based SLB multiple drilling contracts for an offshore gas project in Indonesia.

Public Investment Fund: PIF subsidiary Saudi Arabian Military Industries, known as SAMI, signed a deal with a Turkish company to jointly develop unmanned surface vehicles.

L’imad Holding: AD Ports Group will invest $87 million in a new dry bulk terminal at the Port of Douala in Cameroon.

XRG: Adnoc’s international investment arm signed an agreement with Eni and YPF to advance the Argentina LNG project.

Norges Bank Investment Management: Norway’s wealth fund cut ties with Turkish financial firm Istanbul Portfoy Yonetimi AS after regulators fined one of its top managers for market manipulation.

🎮 Games Talk: Saudi Arabia’s Savvy Games Group reportedly nearing a $6 billion deal to buy mobile gaming studio Moonton from China’s ByteDance.

⛽ Exploring Libya: QatarEnergy has entered Libya’s energy sector by securing a 40% stake in an offshore block alongside Eni, under the country’s first licensing round since 2007.

⚡ Power Grant: Egypt secured $107 million from the European Union to modernize its power grid and integrate renewables.

🛢️ Oil Assets: Saudi-backed Midad Energy signed a term sheet to acquire sanctioned overseas assets of Russia’s Lukoil with an all-cash deal.

🏗️ New CEO: Dubai’s DP world has replaced long-time CEO Sultan bin Sulayem with Group Deputy CEO and CFO Yuvraj Narayan, following scrutiny over Sulayem’s communication with disgraced financier Jeffrey Epstein. 

🚢 Carrier Warrior: U.S. President Donald Trump is preparing to send a second aircraft carrier strike group, including the USS Gerald R. Ford, to the Middle East ahead of possible military action in Iran.

🚖 Robot Rollout: WeRide and Uber have extended robotaxi services to downtown Abu Dhabi, the first autonomous vehicle deployment in the UAE capital’s city center. 

🧠 New Arrival: Humain-backed Luma AI, a Silicon Valley AI film production startup, announced plans to open an office in Riyadh and said that it has formed a partnership with Publicis Groupe Middle East to support AI-driven advertising.

🗞️ Headline Deal: The limbo over ownership of London’s Telegraph Media Group is dragging on after the U.K. government intervened in the Daily Mail’s $682 million bid, nearly three years after a UAE-backed deal was blocked, Bloomberg reports.

UAE President Sheikh Mohamed bin Zayed met with Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, on Thursday at Qasr Al Shati palace in Abu Dhabi.

Sheikh Mohamed held a phone call with Yoweri Museveni, President of Uganda, on Thursday.

Sheikh Mansour bin Zayed, UAE Vice President, Deputy Prime Minister and Chairman of the Presidential Court, met with Lutfullah Goktas, Turkey’s Ambassador to the UAE.

Sheikh Abdullah bin Zayed, UAE Deputy Prime Minister and Minister of Foreign Affairs, wrote about the UAE’s relationship with Europe in an article published by the Center for International Relations and Sustainable Development.

Sheikh Tahnoon bin Zayed, UAE National Security Advisor, said on X that he met with Ana Botín, CEO of the Banco Santander Group, on Thursday.

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and UAE Deputy Prime Minister and Minister of Defense, chaired the first Defense Council meeting of 2026.

Prince Faisal bin Farhan, Saudi Arabia’s Foreign Minister, arrived in Munich on Thursday to head the Kingdom’s delegation at the Munich Security Conference. 

Brad Smith, Vice President of Microsoft, spoke to Khaldoon Al Mubarak, CEO of Mubadala, about the AI transformation underway in the UAE. 

Dr. Ali Saeed Bin Harmal Aldhaheri was appointed Chairman of Dubai-based healthcare and education investor Amanat Holdings. 

Ali bin Ahmed Al Kuwari, Qatar’s Minister of Finance, met with Ted Pick, Chairman and CEO of Morgan Stanley, on Thursday in Doha.

André Erasmus was appointed Chief Operating Officer of Auriga International Management Consultancy, a hospitality and real estate advisory firm.

🎨 Ancient Creativity: Egyptian archaeologists have discovered a sandstone shelter at Umm Erak Plateau containing a continuous record of human art spanning 10,000 years. The 100-metre-long rock shelter features ancient drawings from 10,000–5,500 BCE, including red-pigmented depictions of animals that reflect early prehistoric life. Archaeologists also found flint tools and pottery fragments from the Middle Kingdom and Roman era, indicating the site was used continuously over thousands of years.

Feb. 13-15, Munich. Munich Security Conference. A global forum for senior political, military and diplomatic leaders to debate major international security challenges. Hotel Bayerischer Hof.

March 31-April 2, Dubai. Arab Media Summit. The annual gathering brings together Arab media personnel, influencers and organizations. DWTC. 

April 6-13, Dubai. Quantum Innovation Summit. Part of Global Quantum Week, focusing on quantum technology and applications. Grand Hyatt.

April 7-9, Dubai. Middle East Energy. Discover what’s new in energy. Dubai World Trade Centre. 

April 7-9, Abu Dhabi. Future Health. Bringing together global leaders in government, science, technology and investment. ADNEC.

April 11-20, Abu Dhabi. Abu Dhabi International Book Fair. Fostering collaboration between regional publishing sectors and creative industries. ADNEC.

April 20-22, Riyadh. Future Aviation Forum. Exploring the future of air transport, sustainability, advanced air mobility, and artificial intelligence. King Abdulaziz International Conference Center.

April 13-16, Riyadh. LEAP 2026. Global tech event covering AI, 5G and startups. RECC Malham.

April 21-23, Dubai. UITP Summit 2026. A high-level event for the public transport sector looking at the future of urban mobility. Dubai World Trade Centre

April 24-26, Abu Dhabi. Middle East Film & Comic Con. Featuring some of the world’s biggest brands in film, TV, sci-fi, animation, manga, comics and collectibles.

April 29-30, Dubai. TOKEN2049 Dubai. A global gathering for the crypto ecosystem. Madinat Jumeirah.

EMERGING OMAN

Omani stocks are heading for their best week since 2014 as investors bet the country could win an upgrade to emerging-market status, drawing fresh foreign investment into the Muscat exchange. Optimism over the potential reclassification has fueled a surge in share prices, with traders staking out positions ahead of the expected action, Bloomberg reports. Oman’s MSX 30 benchmark has advanced more than 9% since Sunday to its highest level since 2014. Gains of nearly 20% so far this year on the Muscat Stock Exchange are almost double those for MSCI Inc.’s emerging-market index.

QIDDIYA CUP

Saudi Arabia’s Qiddiya megaproject is galloping ahead with plans to make the Saudi Cup horse race a global showpiece, even as the kingdom trims spending on some other giant developments. The $40 billion entertainment city is investing heavily in racing facilities and fan experiences tied to the world’s richest horse race, Arabian Gulf Business Insight reports. The Saudi Cup itself carries a $20 million purse for the main race and more than $35 million across the race weekend, drawing top international horses and stables. Backers see the high-stakes event as a headline attraction designed to anchor Qiddiya’s push to become a global sports and entertainment hub. The new venue will include a 21,000-seat grandstand and a 110-meter parade ring.

ADNOC: The UAE’s national oil company plans to order up to six new LNG tankers as part of its push to expand liquefied natural gas shipping.

Public Investment Fund: Saudi and U.S. energy firms, including Baker Hughes, Argent LNG and Hunt Energy, are forming a consortium with Saudi partners like PIF-owned ACWA Power and TAQA to explore and produce oil and gas in northeastern Syria following the easing of sanctions.

Qatar Investment Authority: Several airlines are “at war” against the $33 billion construction of a new runway and terminal at London’s Heathrow Airport, in which the QIA owns a 20% stake, the Financial Times reports.

International Holding Co.: The Abu Dhabi conglomerate, along with subsidiary Sirius and First Abu Dhabi Bank, has been granted approval by the UAE Central Bank to launch a dirham-backed stablecoin. 

Presight AI: The big data analytics arm of Abu Dhabi-owned G42 posted a 37% jump in 2025 revenue, which Dr. Sultan Al Jaber, Presight Chairman and UAE Minister of Industry and Advanced Technology, said “would drive long-term growth and competitiveness.”

💺 Bahrain Connection: AirAsia X announced a new Kuala Lumpur-Bahrain-London service beginning June 2026, establishing Bahrain as its Middle Eastern hub.

⛽ Gas Search: Syria plans to award licences to Chevron, ConocoPhillips, TotalEnergies and Eni to explore for vast undiscovered reservoirs of natural gas, the Financial Times reports.

⚡ Power Holding: Dubai Electricity and Water Authority bought 2.4 billion shares in district cooling company Empower from Emirates Power Investment, a Dubai Holding company, increasing its ownership stake to 80%.

🛬 Plane Fund: BlueFive Capital launched BlueFive Leasing in Muscat to raise over $1 billion for its first aircraft investment fund, targeting commercial aircraft leasing opportunities across MENA and Asia.

🏭 LNG Deals: Iraq is set to receive its first LNG cargo this year, likely from Qatar, after signing a $450 million deal with Excelerate Energy for an offshore import terminal amid declining Iranian gas supplies and a failed Turkmenistan agreement.

🤖 AI Upheaval: The massive bet by private equity firms such as Blackstone, KKR and Blue Owl on niche software companies is being shaken by rising interest rates and new AI tools that can replicate many of their functions, forcing sharp revaluations, the Financial Times reports.

📈 IPO Jump: Dubai Investments Park, the real estate arm of Dubai Investments, is likely to take the lead in what’s expected to be an increase in IPO activity following the Eid Al Fitr holiday next month, Zawya reports.

🏨 Waldorf Sale: Middle Eastern and Asian sovereign funds are potential buyers for the Waldorf Astoria hotel in New York City which is expected to go on sale by its Chinese owners, The Wall Street Journal reports.

UAE President Sheikh Mohamed bin Zayed met with Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, who was accompanied by Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah, at Qasr Al Shati palace in Abu Dhabi on Wednesday. 

Sheikh Mohamed also met with Lt. Gen. Sheikh Nasser bin Hamad Al Khalifa, National Security Advisor, Royal Guard Commander and Secretary General of the Supreme Defense Council of Bahrain.

Prince Faisal bin Farhan, Saudi Arabia’s Minister of Foreign Affairs, received a letter from Russian Foreign Minister Sergey Lavrov on Wednesday concerning relations between the two countries.

Mustafa Suleyman, CEO of Microsoft AI, told the Financial Times that the software giant is pursuing “true self-sufficiency” in artificial intelligence by building its own powerful models and reducing its reliance on OpenAI.

Shahab Lutfi, Chairman of Dubai-based H&H Development, who just sold a penthouse for $108 million, told Bloomberg the demand for ultraluxury residences will continue to rise. 

Alvaro Lario, President of the U.N.’s International Fund for Agricultural Development, said he is in talks with Middle East sovereign wealth funds to raise money for addressing hunger and food insecurity in the MENA region.

📺 On The Box: The Muslim holy month of Ramadan, when families spend a lot of time together, has become the most competitive period of the year for Arabic-language television. Streamers release episodes daily to capture audience share during the key ratings stretch. From crime stories to historical dramas, this year’s new shows reflect the growing scale and diversity of the Arab entertainment industry, The National reports. Among the highlights from MBC Shahid’s Ramadan line-up is “Kuhailan,” which traces the violent rivalry between two Bedouin horsemen in a “sweeping story of power, honor and desire.”

Feb. 13-15, Munich. Munich Security Conference. A global forum for senior political, military and diplomatic leaders to debate major international security challenges. Hotel Bayerischer Hof.

March 31-April 2, Dubai. Arab Media Summit. The annual gathering brings together Arab media personnel, influencers and organizations. DWTC. 

April 6-13, Dubai. Quantum Innovation Summit. Part of Global Quantum Week, focusing on quantum technology and applications. Grand Hyatt.

April 7-9, Dubai. Middle East Energy. Discover what’s new in energy. Dubai World Trade Centre. 

April 7-9, Abu Dhabi. Future Health. Bringing together global leaders in government, science, technology and investment. ADNEC.

April 11-20, Abu Dhabi. Abu Dhabi International Book Fair. Fostering collaboration between regional publishing sectors and creative industries. ADNEC.

April 13-16, Riyadh. LEAP 2026. Global tech event covering AI, 5G and startups. RECC Malham.

April 21-23, Dubai. UITP Summit 2026. A high-level event for the public transport sector looking at the future of urban mobility. Dubai World Trade Centre

April 24-26, Abu Dhabi. Middle East Film & Comic Con. Featuring some of the world’s biggest brands in film, TV, sci-fi, animation, manga, comics and collectibles.

April 29-30, Dubai. TOKEN2049 Dubai. A global gathering for the crypto ecosystem. Madinat Jumeirah.

SILICON STAKES

Abu Dhabi-backed investment firm MGX may be close to putting hundreds of millions of dollars into AI startup Anthropic as part of a massive fundraising round expected to top $20 billion. The round, which would value Anthropic at about $350 billion, has attracted major support from Singapore’s sovereign wealth fund GIC and other large institutional backers, Bloomberg reports. MGX was set up last year with support from Abu Dhabi funds including Mubadala and technology group G42, with a mandate to invest heavily in artificial intelligence and related infrastructure. The firm has already taken stakes in OpenAI and Elon Musk’s xAI.

LONDON LIMITS

Boris Johnson, while serving as Mayor of London, jokingly referred to the city as the “eighth emirate.” But the days of Knightsbridge and Mayfair being the favorite playground of the Gulf’s uber-rich could be numbered after Mayfair enacted a 200 square-meter (2,152 square-foot) size limit on new build apartments, effectively ending a run on enormous trophy penthouses in the swanky inner borough, The National reports. Wealthy buyers from the UAE and Saudi Arabia have become the dominant international group hunting for property in the neighborhood in recent years, but developers say waitlists are growing as supply of luxury apartments dwindles.

Public Investment Fund: Saudi Arabia’s Public Investment Fund warned that without rapidly expanding domestic manufacturing to support Vision 2030 projects, the kingdom risks supply shortages and costly reliance on imports.

Sanabil Investments: Richard Attias & Associates, the events organizer that is 75% owned by the PIF’s investment arm Sanabil, has picked banks for its planned IPO, Bloomberg reports.

G42: OpenAI is teaming up with Abu Dhabi’s G42 to develop a UAE-tailored version of ChatGPT for government use, adapted to local language, cultural values, and regulations.

DP World: Quebec’s main pension fund said it has paused new investments with Dubai-based port operator DP World after details of Chairman Sultan Ahmed bin Sulayem’s contacts with disgraced financier Jeffrey Epstein were revealed by the U.S. Justice Department.

🌍 Africa Bet: Cairo-based Beltone Capital agreed to acquire French microlender Baobab Group for $198 million, expanding its financial services across Africa.

🐔 Chicken Sandwich: UAE-based Americana Restaurants is acquiring the Emirati and Saudi franchises of Lebanese fast-food chain Malak Al Tawouk in a $21 million deal that includes licensing rights for the business in 13 countries.

🚆 Linking Cities: Saudi Arabia has approved a 785-kilometer (490-mile) high-speed electric railway linking Riyadh and Qatar’s capital city of Doha in two hours, with construction set to take six years.

🚕 Robo-Rides: Uber said it will start offering autonomous taxi rides in Dubai over the coming month using vehicles supplied by China’s Baidu.

🏭 Factory Incubator: Bahrain is setting up a shared manufacturing workspace and industrial incubator for small and mid-sized factories as part of a project called HQ Industrial.

⚽ Soccer Science: FIFA has named Saudi Arabia’s King Abdullah University of Science and Technology as its first research institute in the Middle East and Asia, marking a milestone for Saudi Arabia’s global sports ambitions.

🛡️ Arms Sale: Israel’s state-owned defense firm Rafael may start a privatization process toward the end of 2026, Chairman Yuval Steinetz told Reuters.

UAE President Sheikh Mohamed bin Zayed met with Sheikh Mohammed bin Rashid, UAE Vice President and Ruler of Dubai, at Qasr Al Bahr palace in Abu Dhabi on Tuesday along with Sheikh Mansour bin Zayed, UAE Vice President, Deputy Prime Minister and Chairman of the Presidential Court.

Sheikh Mansour, who is also Chairman of Mubadala, led a meeting of the sovereign wealth fund’s board on Tuesday at Qasr Al Watan palace in Abu Dhabi.

Saudi Crown Prince Mohammed bin Salman is coming to terms with the need to cut spending and rein in some of the ambitious projects started under his Vision 2030 plan, MBS biographer and former publisher Karen Elliott House writes in The Wall Street Journal. 

Qatar’s Emir Sheikh Tamim held a phone call with U.S. President Donald Trump ahead of a ⁠meeting between Trump ‌and ‌Israel’s Prime Minister Benjamin Netanyahu.

Prince Badr bin Abdullah, Saudi Minister of Culture, accompanied Britain’s Prince William on a tour of AlUla, where he visited Sharaan Nature Reserve and planted a tree. 

Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, attended a reception hosted by Reza Ameri, Ambassador of Iran to the UAE, on Monday. 

Faisal Al-Kahtani, Deputy CEO of the Saudi Fund for Development, met with Kotaro Tanaka, a senior official from the Japan International Cooperation Agency.

Tareq Amin, CEO of Humain, said Saudi Arabia is aiming to become the world’s largest exporter of artificial intelligence tokens, speaking at the PIF Private Sector Forum on Tuesday.

Mohammed Saeed Al Shehhi, Director-General and Board Member of the Emirates Racing Authority, was re-elected as Vice-Chairman of Asian Racing Federation for a second consecutive term. 

Naveen Kumar M was appointed Senior Associate Director at global asset manager Janus Henderson.

🏈 Gulf Gridiron: Abu Dhabi could be the site of a regular-season NFL football game in the near future, according to the league’s commissioner, Roger Goodell. In a pre-Super Bowl interview on Westwood One, Goodell talked about the American sport’s international expansion plans that may include 16 games a season played in foreign countries including the UAE and Japan.

Feb. 8-12, Riyadh. World Defense Show. Brings together global weapons manufacturers, government procurement officers and defense contractors. Riyadh International Convention and Exhibition Centre.

Feb. 9-12, Dubai. WHX Dubai 2026. World Health Expo Dubai (formerly Arab Health) brings together global healthcare professionals, innovations and ideas within the sector. Dubai Exhibition Center. 

Feb. 11-12, Cairo. Ai Everything Middle East and Africa, Egypt. Bringing together AI leaders, innovators, startups, investors, and policymakers to explore transformative technologies and accelerate AI adoption across industries. Egypt International Exhibition Center.  

Feb. 12-13, Riyadh. PIF Private Sector Forum. The event, in its third edition, aims to support the Saudi Public Investment Fund’s Private Sector Engagement Strategic Initiative. King AbdelAziz International Conference Center. 

Feb. 13-15, Munich. Munich Security Conference. A global forum for senior political, military and diplomatic leaders to debate major international security challenges. Hotel Bayerischer Hof.

Feb. 18-March 18, Abu Dhabi. Capital Majlis Abu Dhabi. A Ramadan dining experience featuring Arabian Nights Iftar and Suhoor menus. ADNEC. 

March 31-April 2, Dubai. Arab Media Summit. The annual gathering brings together Arab media personnel, influencers and organizations. DWTC. 

April 7-9, Abu Dhabi. Future Health. Bringing together global leaders in government, science, technology and investment. ADNEC.

ELECTRIC KINGDOM

Saudi Arabia’s electric vehicle maker CEER has signed nearly $1 billion in deals as it seeks to localize its supply chain. The company, which is a joint venture between the Public Investment Fund and Taiwanese manufacturer Foxconn, is planning to source 45% of its raw materials and parts from inside the kingdom by 2034. CEER is planning to roll its first vehicle off the production line in late 2026 and launch six more models over the next five years, Arabian Gulf Business Insight reports. “Our approach goes beyond mere assembly; we are utilizing local raw materials and empowering Saudi companies to become global suppliers,” CEO James DeLuca said as he announced the signing of the 16 agreements at the PIF’s Private Sector Forum in Riyadh.

GOLDEN GOOSE

Foie gras and French goat cheese fueled Gourmet Egypt’s stunning debut on the Cairo stock exchange today, in which the upscale grocer’s shares rose as much as 38%. With sales split between institutional and retail investors at 6.90 Egyptian pounds per share, the store’s IPO raised almost $28 million, Bloomberg reports. Gourmet Egypt, which opened its business 20 years ago and specializes in imported foods such as Angus beef and Roquefort cheese, recently introduced ready-to-heat meals under its own “Handcrafted by Gourmet” label. The Egyptian Exchange’s benchmark index has soared 68% over the past 12 months and officials are expecting as many as eight new listings this year.

Public Investment Fund: PIF Governor Yasir Al-Rumayyan said in a speech to the PIF Private Sector Forum on Monday that the Saudi sovereign wealth fund is committed to “empowering the private sector to contribute to leading the kingdom’s economic growth and transformation.”

Mubadala: Abu Dhabi’s Mubadala Capital and U.S.-based TWG Global have agreed to acquire Clear Channel Outdoor Holdings in a $6.2 billion all-cash deal. 

G42: Khazna Data Centers, backed by the Abu Dhabi tech conglomerate G42, launched an in-house operations business for running hyperscale data centers, called Khazna NextOps.

Humain: Luma AI, a Silicon Valley artificial intelligence film production startup backed by Saudi Arabia’s Humain, is expanding in the region as the kingdom doubles down on digital infrastructure as an economic growth engine, Arabian Gulf Business Insight reports.

🏗️ CO2 Contract: Australia-based Worley secured a contract from Samsung C&T to provide detailed engineering services for the QatarEnergy LNG Carbon Dioxide Sequestration Project in Ras Laffan, Qatar.

🌊 Tourism Boost: Egypt has unveiled plans for the $1 billion Monte Galala Towers and Marina project on the Red Sea, a 10-tower mixed-use development set to begin construction in the second half of the year.

🧪 Chemical Plant: Egypt will build the Middle East’s first sodium cyanide plant in Alexandria, led by DrasChem Specialty Chemicals, with $200 million in first-phase investment.

⏳ Gas Timing: Qatar has pushed the start of production from its massive North Field LNG expansion to the end of 2026, delaying a key phase of a project that will raise capacity by tens of millions of tons a year.

🪙 Digital Coins: The UAE Central Bank issued commemorative gold and silver coins to mark the fifth anniversary of the Mohamed bin Zayed University of Artificial Intelligence.

🛰️ Space Comms: Dubai-based electronics company Elcome has signed a deal to resell Amazon Leo’s low-Earth-orbit internet to the maritime sector, The National reports. 

Britain’s Prince William is on a three-day visit to Saudi Arabia, where Crown Prince Mohammed bin Salman took him on Monday night for a tour of Diriyah, the ancestral home of the Saudi royal family.

Sheikh Mohammed bin Rashid, UAE Vice President and Ruler of Dubai, opened the World Health Expo Dubai 2026 at the Dubai Exhibition Centre.

Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, attended a dinner held at Al Jazeera Al Hamra Heritage Village, hosted by the embassies of Costa Rica, El Salvador and Guatemala to celebrate Central American cuisine.

Khalid Al-Falih, the Saudi Investment Minister, said at the PIF Private Sector Forum on Monday that the government must be willing to reshape its investment priorities when it encounters “a radical, unexpected change in demand, competition, or feasibility.” 

Lana Nusseibeh, UAE Minister of State, and Khalid Belhoul, UAE Ambassador to Iran, met in Tehran with Majid Takht Ravanchi, Iran’s Deputy Foreign Minister for Political Affairs, and Reza Ameri, Ambassador of Iran to the UAE.

Burhan Al Hashemi was appointed CEO of Emirates Petroleum Company, known as Emarat. 

Mohamed Galal, a 22-year veteran executive at Bayer, was appointed Cluster Head for the Middle East and North Africa region at the German pharmaceutical company. 

📚 Page Turner: Syria is hosting its first post-liberation book fair, as the war-torn country tries to resume its historical role as a regional center of culture and learning. The 10-day Damascus International Book Fair, which includes some 500 publishing houses presenting more than 100,000 titles, was launched under the patronage of President Ahmed Al-Sharaa last week. Organizers emphasized the role of cultural freedom as the key to social cohesion and as a bulwark against extremism. 

Feb. 8-12, Riyadh. World Defense Show. Brings together global weapons manufacturers, government procurement officers and defense contractors. Riyadh International Convention and Exhibition Centre.

Feb. 9-12, Dubai. WHX Dubai 2026. World Health Expo Dubai (formerly Arab Health) brings together global healthcare professionals, innovations and ideas within the sector. Dubai Exhibition Center. 

Feb. 10-11, Abu Dhabi. Top Advisors & Investors Summit. The event will convene advisors, financiers, and investors from across the Middle East in the UAE capital. Conrad Etihad Towers.

Feb. 11, Dubai. AIMA Middle East Forum. A conference for alternative asset managers in the UAE and the wider alternative assets eco-system. Kempinski Central Avenue Dubai.

Feb. 11-12, Cairo. Ai Everything Middle East and Africa, Egypt. Bringing together AI leaders, innovators, startups, investors, and policymakers to explore transformative technologies and accelerate AI adoption across industries. Egypt International Exhibition Center.  

Feb. 12-13, Riyadh. PIF Private Sector Forum. The event, in its third edition, aims to support the Saudi Public Investment Fund’s Private Sector Engagement Strategic Initiative. King AbdelAziz International Conference Center. 

Feb. 13-15, Munich. Munich Security Conference. A global forum for senior political, military and diplomatic leaders to debate major international security challenges. Hotel Bayerischer Hof.

Feb. 18-March 18, Abu Dhabi. Capital Majlis Abu Dhabi. A Ramadan dining experience featuring Arabian Nights Iftar and Suhoor menus. ADNEC. 

March 31-April 2, Dubai. Arab Media Summit. The annual gathering brings together Arab media personnel, influencers and organizations. DWTC. 

April 7-9, Abu Dhabi. Future Health. Bringing together global leaders in government, science, technology and investment. ADNEC.