Zainab Fattah

Gulf Arab states are set to urge U.S. President Donald Trump to avoid any escalation of hostilities with Iran at a meeting on Tuesday, according to several people familiar with the matter.

Gulf Arab states are set to urge U.S. President Donald Trump to avoid any escalation of hostilities with Iran at a meeting on Tuesday, according to several people familiar with the matter.

Abu Dhabi’s newest sovereign wealth fund is laying the groundwork to raise money from outside investors for one of its units, the latest sign the emirate is looking to attract capital rather than just deploy its own cash.

The counterdrone market is beginning to expand beyond governments

A United Arab Emirates-based school operator is in advanced talks to buy Saudi Arabia’s Ajialuna Educational Co., according to people familiar with the matter, a sign that Gulf dealmaking is continuing despite the regional war.

For years, banks in the United Arab Emirates were flush with cash as a domestic economic boom and geopolitical uncertainty elsewhere drew in strong capital inflows. Now, many are competing more aggressively for new deposits as a lending surge collides with a liquidity squeeze.

Even before the Iran war began, Wall Street executives were privately questioning Saudi Arabia’s ability to deploy cash. Now, strikes by Yemen’s Houthis could further imperil Riyadh’s quest to lure foreign investment just when the kingdom needs it the most.

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Dubai is doubling down on its financial center with a new $1.4 billion district, looking past the Iranian attacks that rattled the city’s residents earlier this year and drove down property sales.

Wealthy buyers from around the world continued to snap up Dubai luxury homes during the third quarter, according to researcher Knight Frank, although sales volumes declined about 17% from last year as the Iran war dragged on.