Abu Dhabi artificial intelligence powerhouse G42 is taking advantage of the soaring share price of its data analytics firm Presight AI to sell a 2% stake worth about $100 million, amid a growing trend of raising funds through secondary share sales in the emirate.

G42 will retain 68.5% ownership in the firm after the sold-out offer to institutional investors closes today, Bloomberg reports. Presight’s shares, listed on the Abu Dhabi Stock Exchange, have risen more than 65% over the past year, closing on Wednesday at 3.47 dirhams ($0.94).

While the sale will boost G42’s coffers, the sell-down is largely aimed at increasing Presight’s free floating shares, which will give it a higher chance of inclusion in broader indexes such as the FTSE Emerging Market Index, which have greater exposure to international investors. 

It comes as Abu Dhabi sovereign wealth fund Mubadala, which backs G42, is also considering selling at least part of its $1 billion stake in Dubai-listed telecom operator Du, Bloomberg reports.

Mubadala holds around 10% of Du through Mamoura Diversified Global Holding, after cutting its stake in 2019 by selling 10% — then worth about $630 million — to Du’s largest shareholder, the federal Emirates Investment Authority, which holds just over 50%.

Bahrain’s sovereign fund, Mumtalakat and Abu Dhabi’s CYVN Holdings became the full owners of Formula One’s McLaren Racing on Tuesday in a transaction that is reportedly valued at as much as $5 billion.

The team issued a statement that confirmed the transfer of all shares that were previously held by MSP Sports Capital, funds managed by O’Connor Capital Solutions, Ares Sports, Media and Entertainment funds, and Caspian Funds.

Bahrain sovereign wealth fund Mumtalakat will remain the majority shareholder with CYVN holding a non-controlling stake, Reuters reports.

It comes amid an on-track resurgence for McLaren, with drivers Oscar Piastri and Lando Norris sitting in first and second place after winning 12 out of 15 races this season. 

The Qatar Investment Authority was named among the investors in Anthropic’s $13 billion funding round, which valued the AI startup at $183 billion, in a sign that the maker of the Claude large language models may be willing to entertain more backing from the Gulf.

The Series F round, led by San Francisco-based investment firm ICONIQ, and co-led by Fidelity Management & Research and Lightspeed Venture Partners, saw Anthropic double its valuation from $61.5 billion in March this year. 

Significantly, while QIA was the only Gulf investor on the list of 20 shared by Anthropic on Tuesday, its involvement may be a sign that CEO Dario Amodei is softening his stance on accepting backing from Middle Eastern funds, which have not been involved in previous rounds, Bloomberg reports.

The investment propels Qatar into greater competition with its neighbors, who are pouring billions into rival AI companies. Abu Dhabi AI investment firm MGX is a major investor in OpenAI and also backs its Stargate infrastructure project, while Elon Musk’s xAI has investments from MGX and Saudi Arabia’s Kingdom Holdings, as well as the QIA.

QIA Head of Technology Mohammed Al-Hardan told Bloomberg that Anthropic was one of many more AI deals to come and the fund may choose to lead future funding rounds, as well as write checks for early-stage ventures. The QIA expects to do as many as 25 technology deals this year and next – double its normal average.

“You would see us doing it all,” he said. “The luxury that we have — that the other funds don’t have — is that, because our mandate is so wide, we get to choose.”

Saudi banks could offload as much as $48 billion in mortgages to the Saudi Real Estate Refinance Co. by 2030, as the kingdom launches its first residential mortgage-backed securities.

The SRC, which is wholly owned by the Public Investment Fund, recently executed its first RMBS transaction following regulatory approvals, Bloomberg reports.

The move is a step toward boosting liquidity and bank lending in the kingdom, which is seen as central to Saudi Arabia’s economic transformation agenda.

The SRC has also forged partnerships with global asset managers and domestic institutions to deepen the real estate financing market.

It comes as home ownership in the kingdom has risen to 65.4% of families, surpassing this year’s target, boosted by initiatives to support access to mortgages.

The UAE, Singapore and New Zealand are leading the launch of a new trade coalition among World Trade Organization members as a counterweight to the Trump administration’s so-called “napkin deals” that have unsettled global trade.

Expected to draw in about 10 countries, including Morocco, Rwanda, Malaysia, and Norway, the Future of Investment and Trade Partnership initiative aims to promote rules-based trade, strengthen confidence in digital commerce, and ensure equal treatment for paper and electronic trade documents.

“The idea, at the start, is to keep it as a loose coalition to bolster trade openness and international trade rules, but it may evolve into something bigger over time. It is a work in progress,” one of the officials involved in discussions told The Financial Times.

The scheme will be formally announced next month, with a virtual launch in November and an in-person gathering planned for July 2026.

Abu Dhabi-based investment manager Lunate plans to capitalize on the rapid expansion of so-called thematic exchange-traded funds with the launch of a new portfolio of ETFs, starting with a fund based on companies developing quantum computing technology.

The Boreas Solactive Quantum Computing UCITS ETF, which tracks the Solactive Developed Quantum Computing Index, will list on the Abu Dhabi Securities Exchange on Sept. 22, The National reports. 

Holdings of 25 companies will include Microsoft, Nvidia and IBM, as well as quantum computing pure-plays Maryland-based IonQ and California-based Rigetti.

The market for thematic ETFs, which focus on selective investment categories ranging from sustainability to cryptocurrency, has doubled over the past five years to reach $562 billion globally. Lunate said its new range of thematic ETFs would “enable investors to tap into the structural megatrends driving tomorrow’s innovation and growth.”

The company, which is backed by Abu Dhabi’s ADQ and Chimera Capital – investment arms tied to Sheikh Tahnoun bin Zayed – has more than $50 billion under management and has been rapidly expanding its asset base and suite of investment products in recent months.

Last week it announced a $2 billion deal to acquire a minority stake in global hedge fund powerhouse Brevan Howard to anchor a new investment hub in the Gulf, which will be based in the Abu Dhabi Global Market.

Riyadh’s King Abdullah Financial District is picking up traction as its gleaming new office towers are increasingly populated by international law firms, investment banks, private equity funds and multinational corporations.

The growing success and new cachet of KAFD contrasts with close to two decades in which the original $10 billion project was filled with near-empty buildings and seen as a glaring failure, the Financial Times reports.

Now, after nearly a decade of false starts, KAFD is finally filling up as Saudi Arabia accelerates efforts to rival Dubai and Abu Dhabi as the Middle East’s financial capital, the FT writes.

The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has moved into Riyadh’s tallest tower while corporate giants such as HSBC and Accenture have set up offices.

Many of the new corporate tenants have come because of the law Saudi Arabia enacted that required companies to establish headquarters in the kingdom as a prerequisite for winning government contracts.

These days, cafés have started to line the central pedestrian zone, construction workers are completing skywalks to shield pedestrians from the desert heat, and a diverse crowd of Saudis and expatriates mingle in the once-deserted complex, the FT reports.

Qatar is moving ahead with its pledge to invest $7.5 billion in the Egyptian economy.

The funds are earmarked for sectors from agriculture and real estate to tourism.

Egyptian Prime Minister Mostafa Madbouly and Qatar Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani led delegations that met on Thursday in the northern coastal city of New Alamein to accelerate implementation of the investment package and broaden economic ties, The National reports.

“Qatar’s commitment to pump $7.5 billion into the Egyptian economy has been confirmed,” Egyptian Foreign Minister Badr Abdelatty said after the meeting.

“We have… begun this process and outlined specific ventures to be announced in the coming weeks during a grand ceremony that reflects the depth of our relations,” he said.