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Source: Yahoo Finance

Temasek to Open First Middle East Offices in Abu Dhabi and Riyadh

Singapore state investor Temasek Holdings announced plans to establish its first Middle East offices in Abu Dhabi and Riyadh in the first half of 2027, subject to regulatory approvals. The strategic hubs are designed to deepen regional partnerships and accommodate co-located portfolio companies targeting the Gulf, Central Asia, and Africa. As of March 31, 2026, Temasek managed a net portfolio valued at S$518 billion ($405.5 billion).

Industry News
Source: The New York Times

Binance Founder Changpeng Zhao Settles in Abu Dhabi Following US Prison Term

Binance founder Changpeng Zhao is living in Abu Dhabi following the completion of a four-month U.S. prison sentence and a presidential pardon from Donald Trump. According to The New York Times, Zhao retains majority ownership of Binance and a net worth exceeding $10 billion. The report notes UAE leadership is seeking his collaboration in expanding the country's technology powerhouse ambitions.

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