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L’Imad takes over ADQ in shake-up of Abu Dhabi wealth funds

The three-year-old investment firm will now hold subsidiaries including Etihad Airways, Etihad Rail, Abu Dhabi Ports, McLaren and Modon

ADQ chief Mohamed Alsuwaidi steps down to steer Lunate

Lunate, launched in 2023 as an independent alternative investment manager backed by Abu Dhabi capital, manages about $115 billion in assets

Dubai International Financial Centre, an investment hub in the Middle East. (Photo: Getty Images)

DIFC plans $27B expansion to anchor Dubai as finance hub

Plans for the DIFC Zabeel District reflect growing demand from banks, hedge funds and tech firms for office space and homes for their employees

Saudi Arabia puts brakes on Riyadh’s Mukaab megaproject

The PIF-financed venture was billed as large enough to fit 20 Empire State Buildings, a centerpiece to the kingdom's redevelopment of its capital city

Trojena forfeit of Asian Games heralds NEOM restructuring

Administration of NEOM projects may be transferred to other state entities so they can be better aligned with Saudi Arabia’s required budget-tightening

Quick Hits

HANDS UP

UAE tests making retail payments using facial, palm recognition

The Daily Circuit: L’Imad takes over ADQ + Manara-Glencore talks

SOVEREIGN overhaul

L’Imad takes over ADQ in shake-up of Abu Dhabi wealth funds

POWER SHUFFLE

ADQ chief Mohamed Alsuwaidi steps down to steer Lunate

Greener grass

Saudi-backed LIV Golf looks to sell team stakes, recoup losses

The Daily Circuit: Mohamed Alsuwaidi moves to Lunate + MBZ visits Moscow

Dubai International Financial Centre, an investment hub in the Middle East. (Photo: Getty Images)

doubling down

DIFC plans $27B expansion to anchor Dubai as finance hub

The Daily Circuit: DIFC plans $27B twin + Mubadala Capital’s new fund

metal milestone

UAE aluminum maker to build U.S. smelter in Oklahoma

colossal cube

Saudi Arabia puts brakes on Riyadh’s Mukaab megaproject

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