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Arid regions of the Arabian Peninsula are characterized by a short wet season with erratic rainfall, high temperature, and high evaporation. In these arid regions, the leafless stem succulent Euphorbia fractiflexa S. Carter & J.R.I. Wood (Euphorbiaceae) is an abundant perennial. Work presented in this paper aimed at investigating crassulacean acid metabolism (CAM) as a physiological adaptation crucial for survival of E. fractiflexa in arid regions of the Arabian Peninsula. Work involved investigations of stomatal diffusive conductance, chlorophyll fluorescence, and cell sap titratable acidity. Results represent the first report of obligate CAM in E. fractiflexa. Low values of stomatal conductance and dampening of CAM acidification-deacidification cycles during the long dry season also denoted tendency of this species to shift from obligate CAM to CAM-idling. Results also showed water stress-induced reduction in Photosystem II (PSII) activity occurring in concomitance with increased non-photochemical quenching of chlorophyll fluorescence denoting operation of non-photochemical energy dissipation mechanisms that are important for photoprotection of the photosynthetic machinery under stress conditions.