Dinesh Nair

(Bloomberg) -- Abu Dhabi's newest wealth fund is overhauling its executive ranks and reorganizing parts of its portfolio as the $300 billion investor

A conglomerate backed by Oman’s sovereign wealth fund is looking to sell a stake worth in the shipping business it listed last year, people familiar with the matter said.

Blackstone Inc. is opening an office in Kuwait, signaling its continued commitment to the Middle East even as the war in Iran approaches its sixth month and fighting intensified in recent weeks.

Brookfield Asset Management Ltd. has raised about $2 billion for a Middle East-focused vehicle backed by Saudi Arabia’s wealth fund even as the region grapples with the Iran war.

Abu Dhabi wealth fund L’imad Holding is offering to buy out minority shareholders in the city’s port operator valuing the firm at 31.8 billion dirhams ($8.66 billion), in a move that could reverse the emirate’s recent push to bring more strategic holdings to public markets.

Three Wall Street giants used capital from the insurance industry to finance a large chunk of a $16 billion pipeline deal in Kuwait, a rare move for a Middle Eastern infrastructure transaction.

Crown Prince Mohammed bin Salman’s recent trip to Paris showed glimpses of the depth of the French-Saudi relationship. He was spotted with Emmanuel Macron at the Esports World Cup, which was moved out of Riyadh due to the Iran war, and the two unveiled deals spanning everything from technology and defense to a €6 billion theme park.

BP Plc’s North Sea operations have drawn interest from suitors including Adura and NEO Next+, people familiar with the matter said, as the oil major works to exit the basin even as the UK government hints at allowing more drilling there.

Dow Inc. is considering plans to exit its $20 billion chemicals partnership with Saudi Aramco, people familiar with the matter said, as part of the US firm’s efforts to reshape its portfolio amid a prolonged downturn in the industry.

The private equity firm has assembled a deep bench of former CEOs to help it source deals.