Ahlan from Dubai, dear readers. A bunch of us met last week to talk about what Indian startups get wrong about the Gulf markets—and what they sometimes get right. Before we dive into this week’s news, I want to thank our guest Vish Narain of Pulsar Capital for his time and insights. And to all our subscribers, for adding so much value to the conversation. 

This week, let’s start with Abu Dhabi’s youngest sovereign wealth fund. L’imad, the $300 billion fund chaired by the emirate’s crown prince, is planning to raise funds from external investors for one of its units—something …