ABU DHABI INVESTMENT AUTHORITY
India must lead, not linger, on global Crypto regulation
As global jurisdictions advance clear crypto regulations, India risks falling behind despite its digital prowess. With the G20 Declaration anniversary and FSB review approaching, experts urge a structured national dialogue and a principles-based discussion paper to retain talent, capital, and leadership in the evolving digital asset economy.
Gulf deal-making spree also benefited Elon Musk and his family
Elon Musk secured multiple deals in the Persian Gulf, including approvals for SpaceX's Starlink service and Neuralink's clinical trial in Abu Dhabi. Musk's companies have deep ties to the region, with past investments from Gulf funds. His family members are also involved in projects in the UAE and Saudi Arabia.
G42, Mistral AI partner to make AI accessible beyond tech hubs
G42 and Mistral AI will collaborate on AI platforms. The goal is to broaden AI access beyond tech hubs. Mistral's platform will integrate with G42's tech. They will develop AI agents and explore new markets. Mistral will also work with Mohamed bin Zayed University of Artificial Intelligence. This partnership follows AI cooperation agreements supported by UAE and French Presidents.
Trump family’s crypto deals spark White House turmoil, critics warn of a ‘Hunter Biden-style’ scandal brewing in plain sight
Trump’s family is involved in crypto deals that are raising concerns about foreign influence and ethical issues. Critics say it could lead to a scandal, like Hunter Biden’s, affecting trust in the government.
IDFC Bank investors reject resolution of Warburg affiliate
IDFC First Bank's shareholders have rejected a special resolution to appoint a nominee director from Warburg Pincus due to concerns over the absence of a minimum shareholding threshold. Despite this, Warburg Pincus and ADIA are still set to infuse ₹7,500 crore into the bank through a preferential equity issue.
Trump's AI power play: Deep dive into US-Middle East deals
The deals signed during US President Donald Trump’s visit to the Middle East go beyond just exporting technology—they aim at bringing Gulf investment into US-based AI infrastructure. It marks a shift that ties the Middle East closer to US tech and strengthens US influence in the region.
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For Trump, adulation and no risk of protests made the Gulf a dream trip
Donald Trump had a successful trip to Saudi Arabia, Qatar, and the United Arab Emirates. He received praise and investment pledges. Gulf leaders lauded Trump's policies. They highlighted deals with American companies. Trump announced over $2 trillion in economic investments. He held campaign-style rallies. Trump also downplayed concerns about his family's business dealings.
OpenAI to help UAE develop one of world's biggest data centres
OpenAI is reportedly planning to support the development of a vast data centre in Abu Dhabi, potentially among the world’s largest. The 5-gigawatt campus may host OpenAI as a key tenant. Though not yet confirmed, an announcement is expected soon, following a UAE-US AI development agreement.
Trump wraps up Gulf tour with $1.4 trillion investment pledge from UAE over 10 years
On his first foreign tour of his second term, Trump oversaw a $200 billion order from Qatar Airways for Boeing jets and a $600 billion investment from Saudi Arabia -- including nearly $142 billion in weapons, which the White House described as the largest-ever arms deal.
UAE to invest $1.4 trillion in US over 10 years, says Sheikh Mohamed in show of strong Trump-era ties
Sheikh Mohamed of the UAE announced a $1.4 trillion investment plan in the US over the next decade, highlighting a strong partnership during President Trump's Gulf tour. The investments will focus on technology, AI, and energy sectors. Trump's trip also included significant business deals with Saudi Arabia and Qatar, alongside diplomatic efforts regarding Syria and AI cooperation with the UAE.
Trump announces $14.5 billion Etihad commitment with Boeing, GE
President Trump announced deals exceeding $200 billion between the U.S. and the UAE, highlighted by a $14.5 billion commitment from Etihad Airways to purchase Boeing aircraft powered by GE engines. This investment strengthens the aviation partnership, supporting American manufacturing and exports. Etihad aims to expand its fleet significantly by 2030, contributing to Abu Dhabi's economic diversification.
Trump says wants to meet Putin 'as soon as we can set it up'
Donald Trump expressed his eagerness to meet with Vladimir Putin, stating his willingness to travel immediately once a meeting is arranged. This comes amidst stalled peace talks between Russia and Ukraine, where Zelensky challenged Putin to direct negotiations. Trump's stance contrasts with Biden's approach, who emphasized Ukraine's sole right to negotiate its future.
UAE to build biggest AI campus outside US in Trump deal, bypassing past China worries
The countries did not say which AI chips from Nvidia or other companies could be included in UAE data centres, but sources had said a deal would give the Gulf country expanded access to advanced AI chips. Nvidia Chief Executive Jensen Huang was seen in televised footage conversing with US President Donald Trump and UAE President Sheikh Mohamed bin Zayed Al Nahyan at a palace in Abu Dhabi on Thursday.
Trump says Qatar will invest $10 billion in US airbase
During his Gulf tour, President Trump announced Qatar's $10 billion investment in the Al Udeid Air Base and highlighted $42 billion in Qatari defense purchases. He also addressed a potential deal for the UAE to import Nvidia AI chips, sparking national security concerns.
Who owns World Liberty Financial, the company that links Pakistan with Trump family
As per official information from WLF, the company is mainly owned by DT Marks DEFI LLC, an entity linked to Donald Trump and certain family members. DT Marks DEFI LLC holds around 60% of the equity in WLF Holdco LLC.
Donald Trump heads to UAE as it hopes to advance AI ambitions
A string of business agreements has been inked during Trump's four-day swing through the Gulf region, including a deal for Qatar Airways to purchase up to 210 Boeing widebody jets, a $600 billion commitment from Saudi Arabia to invest in the U.S. and $142 billion in U.S. arms sales to the kingdom.
US close to letting UAE import millions of Nvidia's AI chips, sources say
US president Donald Trump this week is on a tour of the Gulf region and on Tuesday announced $600 billion worth of commitments from Saudi Arabia, including deals to buy large quantities of chips from Nvidia, Advanced Micro Devices and Qualcomm. Trump has made improving ties with some Gulf countries a key goal of his administration.
OpenAI plans Stargate data centre in UAE in push beyond US: Report
It is not clear whether the ChatGPT maker will use the UAE data centre for its own work in the artificial intelligence (AI) space.
Deals take centre stage in Trump's Gulf visit: $80 bn tech push, $20 bn AI data centres & more
Donald Trump secured a $600 billion investment commitment from Saudi Arabia. This happened during his Gulf states tour. Several deals were unveiled in Riyadh, Doha, and Abu Dhabi. These deals focused on artificial intelligence and emerging technologies. Amazon, AMD, and other companies announced significant investments. These investments are for AI infrastructure and data centers.
Dubai's new airport promises shorter queues, quicker check-ins & immigration procedures
Dubai plans a 35 billion dollar terminal at Al Maktoum International Airport. The goal is a fully contactless passenger experience. Advanced tech will automate check-in and baggage handling. Biometrics will speed up security. Luggage will have barcodes from manufacture. The airport aims for better retail and transport links. Dubai wants to attract more visitors and residents.
Asian Paints shares in focus as Reliance eyes $1.3-billion exit
Reliance Industries plans to sell its 4.9% stake in Asian Paints, potentially exiting a 17-year-old investment worth over Rs 11,000 crore. The move comes amid intensifying competition and shrinking margins in the Rs 75,000-crore paints market. New players like Grasim and a potential AkzoNobel acquisition are reshaping the landscape, pressuring Asian Paints’ market share and profitability.
Reliance looks for $1.3-billion gloss finish to its exit from Asian Paints
Reliance Industries is considering selling its 4.9% stake in Asian Paints, a 17-year-old investment, amid increasing competition and margin pressures in the Indian paints market. The sale, managed by Bank of America, could fetch ₹11,141 crore, representing a significant return on Reliance's initial investment. However, the deal hinges on securing bids within the desired price range.
Eurasia-Asia bonding: Kazakhstan signs strategic partnership with Vietnam; expands ties with UAE
Kazakhstan and Vietnam have elevated their ties to a strategic partnership, pledging closer cooperation in diplomacy, economics and culture. During General Secretary To Lam’s state visit to Astana, leaders signed a joint statement and memoranda covering technology, innovation, digital transformation, cultural and sports exchanges, and a twinning plan between Kyzylorda region and Hung Yen province.
UAE introduces 5 new categories for Golden Visa eligibility
The UAE has broadened its Golden Visa program to attract global talent by offering 10-year residencies to various professionals. Recent expansions include nurses, educators, content creators, e-sports professionals, and luxury yacht owners. These initiatives aim to bolster the nation's economic growth and knowledge sectors by providing stability and security to qualified individuals and their families.
With Israel ties on the table, UAE offers Saudis an example
President Trump's Gulf tour in May 2025 focuses on persuading Saudi Arabia to recognize Israel, following the UAE's Abraham Accords experience. While the UAE gained economically and strategically from normalizing ties, its regional standing suffered due to the Gaza war. Saudi Arabia, mindful of reputational risks and public opinion, is hesitant to normalize relations without a resolution for the Palestinians.
Indigo launches direct flights from Bhubaneswar to Abu Dhabi starting June
Bhubaneswar will soon have direct flights to Abu Dhabi starting June 2025, under the B-MAAN initiative, announced by the Odisha CMO. IndiGo will operate the service thrice a week, enhancing international connectivity for tourism and trade. This addition brings Bhubaneswar's total international destinations to five, alongside ongoing airport upgrades to manage increasing passenger traffic.
Disney to build a magic kingdom theme park in Abu Dhabi
Disney plans to open a new theme park in Abu Dhabi, its first in the Middle East, slated for the early 2030s. Miral, an Abu Dhabi-based firm, will develop the park, with Disney leading the design. The park will be located on Yas Island, featuring advanced technology and a unique crystal-like castle, aiming to attract visitors from the surrounding region.
Arijit Singh postpones Abu Dhabi concert amid India-Pakistan tensions; here’s what he said
Arijit Singh has postponed his concert in Abu Dhabi. The event was originally scheduled to take place on May 9. The concert has been postponed in the light of the tensions between India and Pakistan.
Disney's maiden theme park in Middle East to be built on Abu Dhabi's Yas Island. What travelers need to know
Disney has announced its latest theme park that will come up on Abu Dhabi's Yas Island. The upcoming waterfront resort will be entirely developed and built by Abu Dhabi-based Miral. The company is a leading creator of immersive destinations and has developed the Ferrari amusement park and the Warner Bros indoors theme park, among other iconic commercial properties, on Yas Island.
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