The technology sector just witnessed a seismic shift. With the announcement that Abu Dhabi’s tech investment vehicle, MGX, has raised a staggering US$49 billion for a dedicated artificial intelligence fund, the global tech landscape has officially entered a new era. This is not just another venture capital pool; the Abu Dhabi MGX AI fund represents a massive institutional validation of AI as the defining economic engine of the next century. By eclipsing its original US$45 billion target, MGX isn't merely participating in the tech boom-it is aggressively positioning itself to dictate its direction. What makes the new Abu Dhabi MGX AI fund a game-changer? In my view, the sheer scale of this fund alters the venture capital ecosystem entirely. Raising US$49 billion in a climate where some tech stocks are experiencing volatility shows incredible contrarian conviction. This capital gives MGX unmatched structural leverage. The fund allows Abu Dhabi to anchor the most capital-intensive pr...
On Friday, an Islamabad district and sessions court converted the non-bailable arrest warrants issued against former Prime Minister Imran Khan into bailable warrants till April 18 in a case related to alleged threats made to a judge. The case was registered against Khan in 2017 for allegedly making threats against a judge during a public gathering in Islamabad . The judge had ordered the registration of the case after he received threatening phone calls and messages following a verdict against Khan's Pakistan Tehreek-e-Insaf (PTI) party. Khan, who was served as the Prime Minister of Pakistan, had failed to appear in court despite multiple summons, leading to the issuance of non-bailable arrest warrants against him. However, Khan's legal team argued that their client was not aware of the summons, and that the arrest warrants were issued without following the proper legal procedure. The court agreed with Khan's legal team and converted the non-bailable arrest warrants int...