It’s been interesting to watch investor interest grow in the Middle East, even if in bursts, despite the region reeling from a war—and possibly expecting another wave of attacks.

Let’s start with the big deal. Investment giant Apollo announced that it is taking a minority stake in Mubadala Capital, the alternative asset management arm of the Abu Dhabi sovereign wealth fund Mubadala. Reportedly, the stake is nearly 10%. The overall commitment from Apollo, along with other strategic investors (who will join as minority shareholders), to Mubadala’s investment strategies is expected to be $5 billion. The firms haven’t disclosed the rest …