Reported 3 days ago
As the US presidential election approaches, Gulf wealth funds are looking to capitalize on the growing ties between Elon Musk and Donald Trump. Key figures from the UAE and Saudi Arabia see Musk's involvement with Trump as a gateway to expanding investments in sensitive sectors like technology and artificial intelligence, despite concerns over regulatory challenges from the Biden administration. With more than $4 trillion in sovereign wealth, these funds are eager to demonstrate their commitment to the US economy, amidst a backdrop of shifting diplomatic relations.
Source: YAHOO