The funding bolsters considerations about overseas affect, initially stemming from a significant funding by MGX, a UAE state-backed funding firm, that boosted the market capitalization of the Trump household’s stablecoin by nearly $2 billion in a single day.
This is the place it will get attention-grabbing. Inside months of the deal, the Trump Administration took coverage choices that benefited the UAE, in accordance with the letter. In Could 2025, it accepted a $1.4 billion arms sale to the nation, regardless of congressional considerations about weapons flowing to armed teams in Sudan the place greater than 150,000 folks have died.
In the identical month, Treasury created a “Identified Investor Pilot” program to streamline funding approvals via CFIUS, a fast-track course of that the UAE had lobbied for.
The Division of Commerce additionally rescinded Biden-era chip export restrictions, permitting the UAE to obtain as much as triple or quadruple the variety of superior chips it beforehand might have imported. It licensed G42, a UAE AI firm chaired by Sheikh Tahnoon bin Zayed Al Nahyan, to obtain 35,000 Nvidia Blackwell chips. The deal was price over a billion {dollars}.
However U.S. intelligence officers reportedly caught G42 offering U.S. know-how that was used to boost China’s missile capabilities. Although G42 allegedly dedicated to divesting its Chinese language holdings, experiences recommend the agency tried to obfuscate its ties to Beijing by shifting its enterprise holdings in China to a brand new funding agency.
