Adveith Nair

Gulf wealth funds are adopting a more assertive approach to investments around the world.

When Saudi Prince Alwaleed bin Talal bought into Twitter in 2011, he was among the world’s most prominent investors, worth about $20 billion and known for outsized bets on Apple Inc. to News Corp.

The listing will mark the first major crystallization of value for investors.

Friday’s debut share surge for SpaceX is bolstering the fortunes of one of Saudi Arabia’s richest men.

(Bloomberg) -- Friday's debut share surge for SpaceX is bolstering the fortunes of one of Saudi Arabia's richest men. Most Read from Bloomberg

Two of Abu Dhabi’s biggest wealth funds are committing £1.5 billion ($1.9 billion) to back private equity firm EQT AB’s acquisition of Intertek Group Plc, the latest sign of the emirate’s appetite for big-ticket dealmaking despite the cloud of war.

Such projects will “likely continue to attract capital to the region for years to come,” KKR’s Henry McVey said.

Residents across the United Arab Emirates received emergency alerts on their phones on Friday warning of a potential missile threat, minutes before authorities issued an all-clear and instructed people to disregard the original message.

The scale of MGX’s efforts are unprecedented in the city’s history.

The emirate is deploying its sovereign wealth to become one of the hedge fund industry’s biggest sources of capital.