Hours after the US and Iran agreed to a two-week ceasefire, an executive from an Abu Dhabi fund booked the first flight back to the Emirati capital, while another said they plan to return over the weekend.

The top official at Saudi Arabia’s wealth fund said it remains committed to investments around the world despite growing concerns over the mounting economic costs of the war.

Many top Wall Street banks are allowing staff in the United Arab Emirates to temporarily leave the country and work remotely as attacks on the Gulf nation continue.

Three facilities have suffered damage in drone strikes, and analysts say such installations are increasingly at risk.

Saudi Arabia’s wealth fund has asked a top executive charged with helping drive local development to also oversee its investment strategy, a move that hints at a further pivot towards the domestic economy.

Saudi Arabian artificial intelligence company Humain has invested $3 billion into Elon Musk’s xAI, deepening ties between the world’s richest man and the kingdom as it pushes to become a global AI powerhouse.

Saudi Arabia has appointed Fahad Al-Saif as its new investment minister, putting an official from the kingdom’s sovereign wealth fund at the helm of the entity tasked with drawing more capital to the country.

PwC executives have asked teams to resume pitching for work with Saudi Arabia’s wealth fund, according to people familiar with matter, as the one-year ban on the consulting firm in an important market comes to an end.

The outlook for initial public offerings is getting better in Gulf markets, according to Investcorp’s Executive Chairman Mohammed Alardhi.

The United Arab Emirates’ largest weapons manufacturer says developing an air-defense system is its top priority, underscoring the Gulf nation’s growing worries of drone attacks.