Latest news with #TahnoonbinZayedAlNahyan
The Star
3 days ago
- Business
- The Star
Abu Dhabi's MGX could raise up to $25 billion for AI fund, Bloomberg News says
(Reuters) -Abu Dhabi-based MGX is considering plans to raise as much as $25 billion in third-party capital as the investment group looks to ramp up its artificial intelligence holdings, Bloomberg News reported on Tuesday, citing people familiar with the matter. MGX declined to comment on the report and Reuters could not immediately verify it. Company executives are weighing raising money from financial and strategic investors in Abu Dhabi and beyond, but Mubadala Investment Co and AI firm G42 will remain MGX's main backers, the report said. No final decisions have been made, according to the report. MGX, which has invested in OpenAI and Elon Musk's xAI, is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's national security adviser and a brother of UAE President Sheikh Mohammed bin Zayed. The Financial Times reported last week that French AI startup Mistral is in talks with MGX and other investors to raise $1 billion at a valuation of $10 billion. (Reporting by Dheeraj Kumar in Bengaluru; Editing by Mrigank Dhaniwala and Devika Syamnath)
Time of India
3 days ago
- Business
- Time of India
Abu Dhabi's MGX could raise up to $25 billion for AI fund: Report
Academy Empower your mind, elevate your skills Abu Dhabi-based MGX is considering plans to raise as much as $25 billion in third-party capital as the investment group looks to ramp up its artificial intelligence holdings, Bloomberg News reported on Tuesday, citing people familiar with the declined to comment on the report and Reuters could not immediately verify executives are weighing raising money from financial and strategic investors in Abu Dhabi and beyond, but Mubadala Investment and AI firm G42 will remain MGX's main backers, the report final decisions have been made, according to the which has invested in OpenAI and Elon Musk's xAI, is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's national security adviser and a brother of UAE President Sheikh Mohammed bin Financial Times reported last week that French AI startup Mistral is in talks with MGX and other investors to raise $1 billion at a valuation of $10 billion.
Economic Times
3 days ago
- Business
- Economic Times
Abu Dhabi's MGX could raise up to $25 billion for AI fund: Report
Company executives are weighing raising money from financial and strategic investors in Abu Dhabi and beyond, but Mubadala Investment and AI firm G42 will remain MGX's main backers, the report said. Tired of too many ads? Remove Ads Abu Dhabi-based MGX is considering plans to raise as much as $25 billion in third-party capital as the investment group looks to ramp up its artificial intelligence holdings, Bloomberg News reported on Tuesday, citing people familiar with the declined to comment on the report and Reuters could not immediately verify executives are weighing raising money from financial and strategic investors in Abu Dhabi and beyond, but Mubadala Investment and AI firm G42 will remain MGX's main backers, the report final decisions have been made, according to the which has invested in OpenAI and Elon Musk's xAI, is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's national security adviser and a brother of UAE President Sheikh Mohammed bin Financial Times reported last week that French AI startup Mistral is in talks with MGX and other investors to raise $1 billion at a valuation of $10 billion.
Sharjah 24
15-06-2025
- Business
- Sharjah 24
UAE President, Pakistani PM discuss bilateral cooperation
During the meeting, which took place at Qasr Al Shati in Abu Dhabi, His Highness and the Pakistani Prime Minister exchanged Eid Al Adha greetings, offering prayers for continued prosperity for both nations and peace and stability across the Muslim world and beyond. Discussed ways to strengthen bilateral cooperation The two sides discussed ways to strengthen bilateral cooperation, with a particular focus on the economic, investment and development sectors. They reaffirmed their commitment to deepening constructive ties and broadening their partnership in pursuit of shared interests and national development goals that aim to deliver greater prosperity for both peoples. His Highness Sheikh Commended the efforts of His Highness in advancing peace, security and stability The Pakistani Prime Minister commended the efforts of His Highness in advancing peace, security and stability at both regional and global levels. He highlighted the key role played by UAE diplomacy in promoting dialogue and finding common ground for diplomatic solutions to conflicts and crises around the world. He also expressed his appreciation for the UAE's ongoing support to Pakistan and its impactful development initiatives in the country. The meeting was attended by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser; His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs; Sheikh Mohammed bin Hamad bin Tahnoon Al Nahyan, Advisor to the UAE President; Ali bin Hammad Al Shamsi, Secretary-General of the Supreme Council for National Security; Mohamed bin Mubarak Al Mazrouei, Minister of State for Defence Affairs, and Dr. Ahmed Mubarak Al Mazrouei, Chairman of the President's Office for Strategic Affairs and Chairman of the Abu Dhabi Executive Office. The meeting was also attended by the accompanying delegation of the Prime Minister of Pakistan, which included a number of ministers and senior officials. Earlier, Prime Minister Shehbaz Sharif arrived in Abu Dhabi, where he was received at Al Bateen Airport by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, along with a number of senior officials.
Al Etihad
12-06-2025
- Business
- Al Etihad
UAE President, Pakistani Prime Minister discuss bilateral cooperation, regional developments
12 June 2025 18:34 ABU DHABI (WAM) UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday received His Excellency Muhammad Shehbaz Sharif, Prime Minister of the Islamic Republic of Pakistan, who is on a working visit to the the meeting, which took place at Qasr Al Shati in Abu Dhabi, His Highness and the Pakistani Prime Minister exchanged Eid Al-Adha greetings, offering prayers for continued prosperity for both nations and peace and stability across the Muslim world and two sides discussed ways to strengthen bilateral cooperation, with a particular focus on the economic, investment, and development sectors. They reaffirmed their commitment to deepening constructive ties and broadening their partnership in pursuit of shared interests and national development goals that aim to deliver greater prosperity for both Highness Sheikh Mohamed bin Zayed and Prime Minister Sharif also reviewed a range of regional and international issues of mutual concern and exchanged views on recent developments. They emphasised the importance of supporting international efforts to promote stability and strengthen peace both regionally and Pakistani Prime Minister commended the efforts of His Highness in advancing peace, security, and stability at both regional and global levels. He highlighted the key role played by UAE diplomacy in promoting dialogue and finding common ground for diplomatic solutions to conflicts and crises around the world. He also expressed his appreciation for the UAE's ongoing support to Pakistan and its impactful development initiatives in the meeting was attended by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser; His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs; Sheikh Mohammed bin Hamad bin Tahnoon Al Nahyan, Advisor to the UAE President; Ali bin Hammad Al Shamsi, Secretary-General of the Supreme Council for National Security; Mohamed bin Mubarak Al Mazrouei, Minister of State for Defence Affairs; Dr. Ahmed Mubarak Al Mazrouei, Chairman of the President's Office for Strategic Affairs and Chairman of the Abu Dhabi Executive meeting was also attended by the accompanying delegation of the Prime Minister of Pakistan, which included a number of ministers and senior officials. Earlier Thursday, Prime Minister Shehbaz Sharif arrived in Abu Dhabi, where he was received at Al Bateen Airport by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, along with a number of senior officials.
