DUBAI, March 26 (Reuters) – Blackstone has invested $250 million in Advanced Digital Gaming Technology, a new payments and data intelligence technology platform based in the United Arab Emirates, the asset manager said in a statement on Thursday.
It is the first private equity-backed inbound deal in the Gulf region since the beginning of the Iran war, according to LSEG.
Companies and advisers are trying to proceed with other deals in the Gulf, Reuters reported earlier this month, despite uncertainty around the impact of the war, which started on February 28 when the United States and Israel launched coordinated strikes against Iran.
The conflict has disrupted air travel and shipping, and led to an energy markets shock.
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(Reporting by Reuters, editing by Anousha Sakoui and Barbara Lewis)
