The investment aligns with the United Arab Emirates’ broader push to establish itself as a global technology and crypto hub.

Abu Dhabi wealth fund MGX invests $2 billion in Binance using stablecoins, setting a new record for crypto-related investments.

Binance announced Wednesday that Abu Dhabi-based AI and tech investor MGX has put $2 billion into the company, paid in stablecoins.

The investment came in the form of stablecoins and reflects the growing presence of crypto in the Middle East.

Companies who between them control around $6 trillion worth of funds have made their way to Auckland for the event.

Profits at Emirates Global Aluminium (EGA) have fallen by nearly a quarter, hit by the suspension of operations in Guinea and corporation tax in the UAE. In October 2023, the Guinea Alumina ...

Abu Dhabi's MGX sovereign wealth fund makes a historic $2 billion investment in Binance using stablecoins, marking the ...

Binance said on Wednesday that acquisition of a minority stake in MGX is the “biggest-ever” injection of funds into a crypto company, the largest investment ever paid out in cryptocurrencies, and the ...

Hamas spokesman Hazem Qassem welcomed US President Donald Trump's apparent softening of his proposal to relocate Palestinians ...

They prayed for the UAE and its people, seeking continued prosperity, Dubai Media Office reported, and they discussed the values of Ramadan – particularly generosity, giving and spreading happiness.

Riyadh is set to become the epicenter of artificial intelligence innovation as it prepares to host the Global AI Show on June 23-24, 2025. Organized by VAP Group, the event is expected to attract over ...

Binance, the world’s largest cryptocurrency exchange by trading volume, has sold a minority stake to United Arab Emirates ...