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MGX’s exec on board of new TikTok JV + Mubadala CEO to lead WEF’s business council
MGX’s David Scott will represent MGX on the board and oversee data privacy, cybersecurity, and algorithm governance
THIS MORNING: Rakbank is the latest to join the stablecoin party + Contract awards fell in 2025
Plus: Health and Prevention Ministry is drafting rules to cap salt levels in food
Inside MGX’s investment in TikTok
The investment marks a widening of MGX’s original AI and digital infrastructure-focused scope
Binance becomes first crypto exchange to secure global license under ADGM framework
Co-CEO Richard Teng confirmed that Binance’s “global platform” will be governed from ADGM
THIS MORNING: Adnoc eyes USD 150 bn in capex until 2030 + Lunate to invest USD 1 bn in MGX?
Plus: Oracle deploys MENA’s first Blackwell-powered supercluster in Abu Dhabi
MGX, BlackRock take over Aligned Data Centers for USD 40 bn
The move,which is said to be the largest global data center buyout yet, is expected to close in 1H 2026
THIS MORNING: Binghatti taps banks for IPO + Opec+ agrees to another production hike in November
Plus: MGX reportedly in talks to invest in Texan data center firm
MGX takes stake in TikTok alongside Oracle, Silver Lake
The transaction reportedly values the business at USD 14 bn
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