Adveith Nair

(Bloomberg) -- In a surprise move, the PGA Tour and its well-funded rival, LIV Golf, have agreed to merge, ending a seismic dispute between the two organizations. Most Read from BloombergUkraine Dam Blast Blamed on Russia Tips War Into New PhaseApple Headset Looks Sleek in Person But Battery Pack Stands OutApple’s $3,499 Vision Pro Headset Will Test Marketing MightSEC Sues Binance and CEO Zhao for Breaking Securities RulesA Wall Street Titan Scores One of the Best Real Estate Trades Ever“After t

Bahrain is set to invest £1 billion in the UK through private sector entities as part of an agreement signed during the Crown Prince’s visit to Britain.

Vodafone Group Plc’s biggest shareholder is pushing ahead with an ambitious global expansion strategy, undeterred by a slump in the British carrier’s share price that’s wiped out a chunk of its most high-profile investment.

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As Gulf wealth continues to flow to all corners of the world, some jurisdictions are starting to scrutinize transactions more closely. Among them — the US and Britain, where governments are evaluating certain deals over national security concerns.

(Bloomberg) -- Sanjay Shah, a hedge-fund trader accused of defrauding the Danish state of $1.3 billion in the Cum-Ex trading scam, will be handed over to Denmark to face criminal charges just over a year after he was arrested in Dubai. Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune India Stock Value Tops $4 Trill

(Bloomberg) -- Dubai is setting up a new fund to drive investments in strategically-important projects, adding to a constellation of state-backed wealth funds in the region that manage close to $4 trillion.Most Read from BloombergJPMorgan Is in a Fight Over Its Client's Lost $50 Million FortuneAbu Dhabi Is the World’s Newest Wealth Haven for BillionairesJack Ma’s Biggest E-Commerce Rival Is Coming for AmazonHarvard’s Deepening Disunity Pits Alumni Against FacultyWall Street Holds Back on Big Bet

The oil-rich Middle East is close to becoming the only region with three trillion-dollar wealth funds.

(Bloomberg) -- Abu Dhabi sovereign wealth fund ADQ is consolidating some of its pharmaceutical assets to create one of the region's largest life sciences firms, with operations across four continents.

Over the next few days, private jets will ferry financiers to the site of Crown Prince Mohammed bin Salman’s $1.5 trillion desert dream — the futuristic city of Neom. The event is part of Saudi Arabia’s efforts to drum up interest in the project, unveiled seven years ago as the centerpiece of a massive rejig of the oil-dependent economy.