Qatar is moving ahead with its pledge to invest $7.5 billion in the Egyptian economy.

The funds are earmarked for sectors from agriculture and real estate to tourism.

Egyptian Prime Minister Mostafa Madbouly and Qatar Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani led delegations that met on Thursday in the northern coastal city of New Alamein to accelerate implementation of the investment package and broaden economic ties, The National reports.

“Qatar’s commitment to pump $7.5 billion into the Egyptian economy has been confirmed,” Egyptian Foreign Minister Badr Abdelatty said after the meeting.

“We have… begun this process and outlined specific ventures to be announced in the coming weeks during a grand ceremony that reflects the depth of our relations,” he said.

Investors from Saudi Arabia, Turkey and across the Middle East are in Syria this week for the war-weary country’s first major economic conference since the overthrow of former President Bashar Assad.

The new Syrian leader, President Ahmad al-Sharaa, opened the 62nd Damascus International Fair on Wednesday night, presenting the forum as an opportunity for rebuilding economic links with foreign partners after years of conflict.

Some 800 foreign investors, corporate executives and senior government officials attended the event, which marked the return of several Gulf states to the Syrian market.

“Since the moment of liberation, the new Syria has made security, stability and economic development its priorities,” al-Sharaa said in his address, highlighting reforms in investment, banking and infrastructure aimed at drawing back foreign capital.

Saudi Assistant Minister of Investment Abdullah al-Dubaikhi, representing King Salman and Crown Prince Mohammed bin Salman, said Riyadh is implementing previously signed agreements worth about $6.4 billion and expects further deals, particularly in energy.

Sotheby’s, the venerable auction house owned in part by sovereign wealth fund ADQ, is coming to Abu Dhabi in December.

Up for sale will be a collection of jewelry, rare watches, real estate and racing cars, Sotheby’s announced today.

Auctions will take place from Dec. 2 to Dec. 5 during the same week as the Formula One Grand Prix in Abu Dhabi.

Meanwhile, Patrick Drahi, the French telecom magnate who acquired Sotheby’s in 2019 and sold a $1 billion stake to ADQ last year, is the subject this week of a profile in the New Yorker.

Dubai is putting a $1 million spotlight on artificial intelligence, launching the world’s largest prize for AI-generated films at the 1 Billion Followers Summit 2026 in January.

The event will also unveil a $13.6 million Creators Ventures Program, signaling the emirate’s intent to dominate the fast-evolving content economy.

Under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and UAE vice president, the summit will honor the winning AI-generated short film, with the top ten entries screened during the gathering.

All submissions must be created entirely with artificial intelligence and will be judged on storytelling, creativity, and humanitarian themes, according to Arabian Business.

“The content economy is an economic power with limitless horizons,” said Mohammad Al Gergawi, the UAE Minister of Cabinet Affairs. 

India is on track to becoming the UAE’s largest buyer of liquified natural gas.

Abu Dhabi-owned ADNOC Gas signed a 15-year sales and purchase agreement to supply LNG to Indian Oil Corp. the state-backed Indian energy giant.

The deal covers one million tons a year of LNG that will be sourced mainly from ADNOC’s lower-carbon Ruwais project.

It follows a Comprehensive Economic Partnership Agreement signed by the UAE and India in 2022, which is projected to double bilateral trade between the two countries to $100 billion by 2030.

“This long-term agreement with Indian Oil underscores the robust energy relations between the UAE and India,” Rashid Khalfan Al Mazrouei, ADNOC Gas Senior Vice president of Marketing, said in a statement on Wednesday.

Global natural gas demand is projected to grow in 2026 after a slowdown in 2025, according to the International Energy Agency. 

ADNOC Gas has been steadily increasing LNG exports to India. In February, it signed a 14-year agreement valued at $7 billion to $9 billion to provide up to 1.2 million tons annually to Indian Oil.

It also signed a 10-year supply contract with Gail India in January 2023.

Abu Dhabi-based BlueFive Capital and China International Capital Corp.’s private equity arm are preparing a new fund to support Chinese companies aiming to expand in the Middle East.

The proposed investment vehicle will target sectors where Chinese firms can build up operations across the Gulf region, leveraging both capital and regional market access, Bloomberg reports.

While details regarding the fund’s size and timeline remain undisclosed, the move reflects growing financial collaboration between Chinese investors and Gulf economies.

The planned fund is positioned to facilitate business expansion by offering both strategic and financial resources to participating Chinese companies.

Abu Dhabi is pouring $2 billion into hedge fund powerhouse Brevan Howard to anchor a new investment hub in the Gulf.

The deal was set in motion by Abu Dhabi-owned asset manager Lunate’s agreement to acquire a minority stake in Brevan Howard and commit the funds to launch a new investor platform.

Lunate, which has more than $100 billion under management and is backed by Abu Dhabi’s ADQ and Chimera Capital – investment arms tied to Sheikh Tahnoun bin Zayed – said the partnership is designed to strengthen the city’s role as a global hub for alternative investments.

The venture will be based in the Abu Dhabi Global Market, the emirate’s international financial center, and will oversee funds tailored to global investors. 

London-based Brevan Howard, which manages more than $35 billion worldwide and is best known for its macro trading and digital asset strategies, will contribute its investment expertise and client base to the new platform.

Brevan Howard’s founder, Alan Howard, said in a statement that the partnership “reflects our deep and ongoing commitment to the region.”

The UAE is going deep into Angola.

On a state visit to the southern African nation, which holds substantial supplies of diamonds, copper and oil, UAE President Sheikh Mohamed bin Zayed sat beside Angolan President João Lourenço to witness the signing on Monday of a free-trade deal between the two countries.

Dr. Thani Al Zeyoudi, the UAE’s Minister of Foreign Trade, said the Comprehensive Partnership Trade Agreement and other accords signed during the trip would generate bilateral returns reaching $10 billion a year by 2033.

Among the areas for cooperation covered in the deal are artificial intelligence, banking, agriculture, tourism and energy.