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Abu Dhabi’s MGX envisions $10 billion in annual spending on AI

The fund expects to reach $100 billion in assets under management and help the UAE convert its oil wealth into global technological influence

Cairo stocks top emerging markets, buoyed by Gulf investments, economic reforms

The turnaround has been fueled in part by $35 billion in Abu Dhabi sovereign fund investment that helped ease Egypt’s foreign-currency crunch

Abu Dhabi’s IHC merges holdings to establish Judan Financial

Sheikh Tahnoon bin Zayed, the UAE National Security Adviser, will serve as Judan’s Chairman, Investment Minister Mohamed Alsuwaidi as CEO

Saudi Investment Minister Al-Falih replaced by banker Al-Saif

Move comes as Public Investment Fund prepares five-year strategic plan, addressing new era of declining oil revenue and budget shortfalls

Qiddiya bets big on Saudi Cup to anchor $40B entertainment city

The Saudi Cup carries a $20 million purse with more than $35 million across the race weekend, drawing top international horses and stables

Quick Hits

EXPO EXPOSED

Abu Dhabi breach reveals IDs of Cameron, Howard, Scaramucci

INVESTOR TRIFECTA

Abu Dhabi’s MGX envisions $10 billion in annual spending on AI

The Daily Circuit: MGX’s $10B AI bet + PIF gaming shuffle

EGYPT RISES

Cairo stocks top emerging markets, buoyed by Gulf investments, economic reforms

DATA CORRIDOR

$700 million undersea cable to connect UAE, Turkey and Iraq

The Daily Circuit: Stocks jump in Cairo + Aramco LNG deal

SPACE SHOT

UAE launches first homegrown rocket to conduct space research

The Daily Circuit: Abu Dhabi’s new finance giant + SISCO buys Transcorp

SErViCEs cEnTer

Abu Dhabi’s IHC merges holdings to establish Judan Financial

CLAUDE BILLIONS

Abu Dhabi’s MGX co-leads $30 billion funding round in AI startup Anthropic

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