Private credit giant Blue Owl Capital is opening a regional headquarters — somewhat of a loaded term in the Gulf — in Abu Dhabi, an indicator that Wall Street firms are still betting on the UAE capital despite uncertainty over the Iran war. The firm, which manages $315 billion in assets, joins an increasingly crowded field at the city’s financial hub ADGM, which includes Bain Capital, Barings, BlackRock, Man Group, and Vista Equity Partners.