MGX, BlackRock, Global Infrastructure Partners (GIP), a subsidiary of BlackRock, and Microsoft have announced the inclusion of the Kuwait Investment Authority (KIA) into their AI infrastructure partnership. This collaboration aims to drive advancements in artificial intelligence and enhance infrastructure capabilities. Credit: Abu Dhabi Media Office The partnership signifies a commitment to fostering AI innovation and...
Bitcoin continues to dominate global markets, and a significant indication of this trend comes from Abu Dhabi. The sovereign wealth fund Mubadala has officially announced an investment of $408.5 million in the iShares Bitcoin Trust (IBIT) managed by BlackRock. This move strengthens Bitcoin’s position as a strategic financial asset for institutional investors, revolutionizing the traditional...
International Holding Company (IHC), recognized as one of the UAE’s most valuable listed companies, has teamed up with BlackRock, the world’s largest asset manager, to establish a $1 billion reinsurance company. The new entity, which is still unnamed, will be supported by over $1 billion in initial equity commitments and aims to target $10 billion...
Abu Dhabi investment firm International Holding Company (IHC) has joined forces with BlackRock to establish a reinsurance platform valued at $1 billion, which will be based in the Abu Dhabi Global Market (ADGM). The partnership aims to incorporate additional hybrid and debt financing into the venture. The unnamed platform will offer underwriting capabilities and will...
BlackRock Inc. is collaborating with Emirates NBD, a prominent Dubai-based lender, to launch a new platform aimed at providing Middle Eastern investors with enhanced access to rapidly growing private markets. This initiative is expected to significantly benefit wealth clients of Emirates NBD by offering them opportunities in private credit and alternative assets. The new product...