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Detailed stories on technology startups, business and economic current affairs.
Other than setting up a fund for loss and damage, COP27 fell short of expectations.

For a few minutes on Saturday evening, it seemed as if the COP27 climate conference was concluding. Phones buzzed with notifications of newly uploaded draft treaty documents. These indicated a consensus on major issues like loss and damage, which had dominated the headlines since the summit’s opening, and had delayed the close by an extra day. Observers and journalists appeared relieved. Some clicked group photos and cheered. The UN climate secretariat even scheduled a YouTube live stream of the closing meeting.
“We’re tired, we just want to end this and go home,” a European negotiator had told me earlier, standing …

2026 is on track to be the second-highest year ever for dealmaking in the MENA region.
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
L’imad Capital’s new idea of outside money, Manchester City’s thorny verdict and other updates from this week.