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

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

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

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

China’s ByteDance will retain a 20% interest in the U.S. app, while MGX, Larry Ellison's Oracle and private equity firm Silver Lake will each hold 15%