Blackstone invests $250 million in UAE despite war disruption

Reuters

Thu, March 26, 2026 astatine 9:21 AM CDT 1 min read

DUBAI, March 26 (Reuters) - Blackstone has invested $250 cardinal successful Advanced Digital Gaming Technology, a caller payments and information quality exertion ‌platform based successful the United Arab Emirates, the plus manager ‌said successful a connection connected Thursday.

It is the archetypal backstage equity-backed inbound woody successful the ​Gulf portion since the opening of the Iran war, according to LSEG.

Companies and advisers are trying to proceed with different deals successful the Gulf, Reuters reported earlier this month, contempt uncertainty astir the interaction of the ‌war, which started connected ⁠February 28 erstwhile the United States and Israel launched coordinated strikes against Iran.

The struggle has disrupted aerial question ⁠and shipping, and led to an vigor markets shock.

Here are immoderate details:

* ADGT was acceptable up done a strategical concern betweenBlackstone, Abu Dhabi-based concern ​company Raya ​Holding, andtechnology partners NRT Technology and ​Sightline Payments. * Headquartered successful Abu ‌Dhabi, ADGT aims to "supportregulated integer markets globally", Blackstone said. It did notspecify erstwhile the level was established. * ADGT volition initially absorption connected deployments crossed the UAE,the Middle East, Africa, and prime planetary corridors. Thefirm is the premier payments and compliance exertion providerto the UAE commercialized gaming market. * “We ‌see important accidental to deploy superior ​at scalein the UAE to physique companies ​that tin turn some domesticallyand ​internationally, contempt near-term headwinds," saidBlackstone President and Chief Operating ‌Officer Jon Gray. * Blackstone has $1.3 ​trillion successful assets nether ​managementand successful the UAE it has invested successful companies includingclassifieds level Property Finder. * Prior to the woody connected Thursday, the astir ​recent PE-backedinbound woody ‌in the Gulf portion had been VC steadfast EmergenceCapital's acquisition ​of Dubai-based automotive AI companyAlgoDriven successful February.

(Reporting by Reuters, editing ​by Anousha Sakoui and Barbara Lewis)