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Why the New Abu Dhabi MGX AI Fund Changes Global Tech Forever

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...
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Ramadan Moon Sighted: Central Ruet-i-Hilal Committee Confirms First Day of Holy Month to Begin Tomorrow


Muslims around the world are preparing to welcome the holy month of Ramadan after the Central Ruet-i-Hilal Committee confirmed the sighting of the Ramadan moon on Wednesday. The first day of the holy month will fall on Thursday (tomorrow), according to the committee's chairman, Maulana Abdul Khabir Azad.

The announcement was made after a meeting of the committee at Peshawar's Eidgah, where separate meetings of the zonal and district Ruet-i-Hilal committees were also held. The committee received moon sighting testimonies from a number of places in the country, including Bahawalpur, Rahim Yar Khan, Swabi, Qila Saifullah, and Mardan.

Ramadan is considered the holiest month in the Islamic calendar, during which Muslims observe fasting from dawn until sunset, perform charitable acts, and spend time in prayer and reflection. It is a time for spiritual growth, self-discipline, and increased devotion to God.

The announcement of the moon sighting is a significant event in the Islamic calendar as it marks the start of the holy month. Muslims across the globe eagerly anticipate the announcement and prepare for the month-long observance.

The Central Ruet-i-Hilal Committee is responsible for announcing the sighting of the moon in Pakistan, and its decision is followed by Muslims across the country. The committee considers the testimonies of witnesses and scientific calculations to determine the start of the month.

As Muslims prepare to welcome the holy month of Ramadan, they are reminded of the importance of reflecting on their spiritual growth, strengthening their faith, and spreading compassion and kindness to others. The month provides an opportunity for Muslims to strengthen their connection with God and deepen their understanding of Islam.

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