Omani wealth fund backs Musk’s AI venture, Trump secures more Saudi deals

Issue 1195 - 20 Dec 2024 | 3 minute read

Oman Investment Authority has bought an undisclosed stake in XAI, the artificial intelligence company set up by US billionaire – and key Donald Trump backer – Elon Musk. It comes as the Trump Organization has struck more real estate deals in Saudi Arabia.

Tagged with:

Economy & business, Politics & people

Pin Saudi Arabia, Oman, United Arab Emirates (UAE)

Want to read more?

Subscriber only content

An active subscription is required to view this article

Subscribe to Gulf States Newsletter

View subscription options

Login

Don't have an account?

Register for access to our free content

Free

Issue 1195 - 16 January 2025

Kuwaiti repression gathers pace as thousands more stripped of citizenship

Politics & people, Politics

Free

Issue 1194 - 28 November 2024

Cracks emerge in Saudi diversification drive, with little to show after eight years

Pin Saudi Arabia

Economy & business, Business, Economy, Energy & industry, Politics & people

Issue 1194 - 20 November 2024

Abdullah Al-Khalifa takes on transport and telecoms portfolio in Bahrain’s mini-reshuffle

Economy & business, Politics & people, Decision makers, Politics, Royals watch

See all free articles

An account also allows you to view selected free articles and set up news alerts.

Register

Join our community

Sign up for an account to gain:

Set up news alerts on the countries and sectors that matter to you.
Free access to newsletter articles under 100 words.
Free access to GSN View articles articles.

View a selection of Free articles

Explore subscription options

Follow us on Google News

Gulf States Newsletter is a brand of

©Copyright 2025 Gulf States Newsletter

Contact us

Head Office
4 Bank Buildings
Station Road
Hastings
TN34 1NG
United Kingdom

T: +44 (0)1424 721667

Twitter feed

Tweets by GulfStatesNews