UAE-based Arada Developments will buy a 75% stake in London residential property developer Regal in a $680 million deal, as it continues its overseas expansion drive.

Founded by Saudi Prince Khaled bin Alwaleed, the son of Prince Alwaleed bin Talal, and Sheikh Sultan bin Ahmed Al Qasimi, the Deputy Ruler of Sharjah, Arada made its international debut in Australia last year and is now building 5,000 homes across the state of New South Wales.

Regal’s U.K. arm, which will be renamed Arada London, has a development pipeline of 10,000 units across 11 projects in the U.K.

That pipeline is expected to triple over the next three years with the new injection of funds. Regal’s projects include Fulton & Fifth in Wembley, a mixed-use residential development with 876 units, of which 40% are categorized as affordable homes. 

Abu Dhabi’s Technology Innovation Institute is collaborating with Nvidia to improve artificial intelligence models and build smarter robots.

The UAE tech center and U.S. chipmaker said on Sunday they will establish a joint research lab focused on developing next-generation AI models, robotics platforms, and humanoid technologies, The National reports.

Among the projects will be pairing Nvidia’s accelerated computing with TII’s Falcon AI software to expand the capabilities of robotic learning in Arabic. 

Najwa Aaraj, CEO of TTI, said the lab will use Nvidia’s Thor chip to build robotic systems capable of reasoning, adapting, and acting in complex environments. TTI already works on four-legged robots, robotic arms, and humanoids that resemble people.

“By combining our advanced robotic platforms with powerful AI models,” she said, “we are accelerating the convergence of perception, control and language – laying the foundation for a new era of intelligent machines.”

The joint venture comes as the UAE pushes to accelerate AI adoption across government and business, aiming to position the country among the world’s most advanced digital economies.

UAE President Sheikh Mohamed bin Zayed and U.S. President Donald Trump agreed in May to establish an “AI Acceleration Partnership” and build an academic center dedicated to pushing the frontiers of artificial intelligence.

CloudKitchens, the Los Angeles food startup led by former Uber CEO Travis Kalanick, is adding more banks to its lineup for managing an IPO if it moves ahead with plans for a dual listing in Riyadh and Abu Dhabi.

The company, backed by Saudi Arabia’s Public Investment Fund, added JPMorgan, SNB Capital, and First Abu Dhabi Bank to existing adviser Goldman Sachs, Bloomberg reports.

CloudKitchens operates delivery-focused commercial kitchens around the world. It has connections to both the UAE and Saudi Arabia, with its Middle East unit based in Abu Dhabi and the PIF’s $400 million stake in the company.

Kalanick, who was ousted from Uber in 2017, cultivated deep ties with the PIF, which invested $3.5 billion in Uber.

Saudi Arabia’s Public Investment Fund agreed to buy a 54% controlling stake in MBC Group, consolidating its leadership in revamping the kingdom’s approach to media and entertainment.

The near $2 billion purchase essentially transfers the company – one of the Middle East’s biggest broadcasters – from one Saudi government entity to another. Under terms of the deal announced on Thursday, the sovereign wealth fund is buying MBC’s shares from Istedamah Holding Co., a subsidiary of the Ministry of Finance.

MBC Group was founded in 1991 in London by investor Walid Al-Ibrahim and a group of partners, established as the first independent Arabic satellite TV channel and later growing to launch the streaming service Shahid. Walid retains a 40% stake in MBC and will continue as its Chairman.

As part of its strategy under the new ownership, MBC said it will invest heavily in local content production in Saudi Arabia, expand its streaming offerings on Shahid and explore expansion into music, gaming and live events.

The PIF, which has spearheaded Crown Prince Mohamed bin Salman’s strategy to diversify the economy from dependence on oil, has assembled a collection of media and entertainment properties, including Savvy Games, the Sela sports and events group and the tourism-focused Asfar fund.

In a bid to bring two financial hubs closer together, Hong Kong’s HKEX stock market and Abu Dhabi’s ADX signed an agreement to expand cooperation and strengthen links.

The deal includes potential initiatives in exchange-traded funds, ESG-focused products and cross-listings, Reuters reports.

The Hong Kong exchange last year granted the ADX and Dubai Financial Market the status of Recognized Stock Exchanges and is also preparing to open a representative office in Saudi Arabia.

HKEX CEO Bonnie Y. Chan said the partnership seeks to “unlock new investment opportunities, strengthen market infrastructure, and meet the evolving needs of global issuers and investors.”

Luxury home prices in Saudi Arabia’s Red Sea Global development are selling for as much as $40 million, after prices climbed sharply over the past two years.

With ultra-high-end villas and mansions overlooking the coastline, the area has become one of the most expensive residential markets in the kingdom, Bloomberg reports.

Red Sea Global, a unit of Saudi Arabia’s Public Investment Fund, is adding golf courses, private beaches and luxury hotels to meet demand for upscale property.

The company’s resort projects are central to plans to turn the kingdom into a top luxury holiday destination.

XRG, the lower-carbon global investment arm of Abu Dhabi’s national oil company ADNOC, has walked away from a $19 billion takeover bid for Australian energy company Santos after the parties failed to agree on key terms.

Santos shares fell 12% on Thursday in trading on Sydney’s ASX, wiping some $2 billion off its market value.

A consortium led by XRG and including Abu Dhabi sovereign wealth fund ADQ and private equity firm Carlyle made the play for Australia’s second-largest gas producer in June. 

While the deal promised to be the largest all-cash buyout in Australian history, analysts expressed doubts over whether the sale would materialize after a lukewarm reception from shareholders and uncertainty over whether it would win regulatory approval.

Santos, a perennial takeover target still smarting from failed talks with domestic rival Woodside Energy last year, has stakes in prized gas assets in Papua New Guinea as well as its major Australian LNG projects. 

The failed deal and three months of lost time is also a setback for XRG, which is rapidly scaling up global operations and has set an ambitious goal to build a gas and LNG business with capacity of 20-25 million metric tons a year by 2035. 

The company, which was launched late last year with an enterprise value of more than $80 billion, is also facing headwinds in Europe, where its $17 billion acquisition of German chemicals firm Covestro is under review by the European Commission. 

Abu Dhabi-owned MGX agreed to co-invest with private equity firm Silver Lake and a group of partners in acquiring 51% of Intel’s programmable chip business, Altera.

The deal, which was announced on Tuesday after being completed on Sept. 12, values Altera at about $8.75 billion. The investor group led by Silver Lake paid approximately $3.3 billion for its majority stake.

The size of MGX’s individual investment was not immediately disclosed. Under the agreement, Intel will retain a 49% ownership in Altera (not to be confused with the UAE climate investment fund, Altérra).

MGX, founded last year by Abu Dhabi’s Mubadala sovereign wealth fund and tech company G42, said the deal aligns with its strategy to invest in the world’s most promising AI developers.

“Altera provides a foundational platform for next-generation computing,” Omar Alismail, MGX Chief Investment Officer, Semiconductors and Infrastructure, said in a statement. “This is an opportunity to scale a company of such significance into a true global leader for the AI era.”

The deal is one of the first in the semiconductor sector for MGX, which has set a goal to build its assets under management to at least $100 billion.