Mariam Al-Yazidi, Author at icnlive

DMCC

Dubai’s total diamond trade reached a new all-time high at $41.7 billion

Dubai’s total diamond trade reached a new all-time high during 2025 across every major category. Official figures from Dubai Customs place the yearly diamond total at 41.7 billion dollars overall. This result beats the earlier record of 40.9 billion dollars set back in 2011. Traders also moved 359.5 million carats, a volume rising 42.5 percent from last year. DMCC has announced today that, for the first time, the Emirate of Dubai hit record value and record volume in one year. Dubai diamond trade 2025 figures show steady demand across natural stones and coloured gemstones. Total trade value climbed 16.2 percent from the 35.8 billion dollars recorded during 2024.

The market added 5.8 billion dollars in fresh trade across a single twelve-month span. Dubai now works as a key gateway linking mines, cutting hubs, and buyer markets worldwide. Producers ship rough stones here, while cutters and traders prepare them for retail shelves. Retail demand in India, the United States, and Europe keeps large orders flowing steadily. Strong regulation and secure vaults give global buyers real confidence in each recorded deal. Access to finance also helps smaller firms trade larger stone volumes across each season. Grading services and clear customs steps move each shipment through the emirate at speed.

Why Dubai’s total diamond trade reached a new all-time high

Records confirm Dubai’s total diamond trade reached a new all-time high through natural stone strength. Natural diamond trade value hit 39.9 billion dollars, near 95.8 percent of the total. Dubai traded 205.2 million carats of natural rough stones, the second highest volume on record. Rough volume rose by nearly 34 percent, showing strong appetite among global cutting and polishing centres. Polished natural trade reached 18.7 billion dollars, a rise of nearly 25 percent from 2024. Over five years, Dubai’s total diamond trade reached a new all-time high with 139 percent value growth.

Average value per carat rose about eight to nine times across the same five-year window. Ten-year data shows Dubai’s wider diamond trade rose 63 percent by value overall. Volume across the same decade climbed 44 percent, a sign of deeper market roots. Investors read these gains as proof of steady policy and reliable long-term trade rules. Ahmed Bin Sulayem, DMCC’s Chairman and Chief Executive Officer, tied the results to long planning.

He said: “Dubai’s latest diamond trade figures demonstrate the success of a long-term strategy to build the world’s most connected, transparent, and efficient precious stones ecosystem. Since the Covid-19 pandemic in 2020, we have seen trade through Dubai double in physical volume and grow by almost 140% in value. For natural polished diamonds alone, value has grown by 246%. We are the partner of choice for producers, manufacturers, traders, and retailers across the global industry. Through world-class infrastructure, regulatory certainty, access to finance, and one of the world’s most sophisticated ecosystems for precious stones, we will continue to provide the platform the industry needs to grow.”

Leadership and demand behind the record

DMCC’s diamond trade leaders point to strong demand from producers, manufacturers, and global retailers. Buyers worldwide noticed Dubai’s total diamond trade reached a new all-time high last year. From my view, this run signals real staying power for the emirate’s precious stones sector.

Reports on coloured gemstones Dubai handled last year show a record 1.1 billion dollars. This category grew 48 percent, with imports up 68.8 percent and re-exports up 33.5 percent. Synthetic and industrial diamonds now make up nearly 39 percent of total carat volume. DMCC runs the Dubai Diamond Exchange, the region’s largest tender site for precious stones. The Emirate also hosts many tenders and auctions for both rough and polished stones. Each tender draws bidders from Africa, Asia, and Europe onto a single trading floor. You can watch these figures to judge where global diamond demand heads through 2026. The exchange keeps Dubai near the front of the entire world’s diamond trading network.

By Mariam Al-Yazidi
4 min read

Abu Dhabi

$49 billion AI fund by Abu Dhabi’s MGX closes above its $45 billion target

$49 billion AI fund by Abu Dhabi’s MGX closed this week above its original target. The firm set out to raise $45 billion and finished the round with $49 billion. Investors from the Gulf, North America, Asia, and Europe supplied the new pool of capital. MGX said the fund gives backers exposure across the whole artificial intelligence technology stack. Since launch, the vehicle has taken positions in 14 separate companies around the world. You should read the size of this raise as a signal about capital concentration. Abu Dhabi AI investment now sits near the centre of the global technology finance system.

MGX Fund I holds stakes in OpenAI, Anthropic, xAI, Binance, SpaceX and TikTok USDS. Mubadala Investment Company and technology group G42 established the firm back in March 2024. Sheikh Tahnoon bin Zayed, Deputy Ruler of Abu Dhabi, chairs the MGX board of directors. He works at the same time as national security adviser for the United Arab Emirates. At launch, the company named AI infrastructure, semiconductors and core AI applications as targets. Fund I follows the same three-part plan with a much larger pool of money.

Inside the biggest dedicated AI vehicle on record

Bloomberg reported the raise puts the two-year-old firm among the sector’s most consequential investors. MGX plans to deploy up to $10 billion each year for the coming years. Executives have set a goal of more than $100 billion in assets under management. A sovereign wealth fund normally deploys state savings and avoids outside limited partners entirely. MGX broke with the pattern and raised institutional money from investors on four continents. Reports put the minimum ticket size for entry at around $500 million per investor.

From my standpoint, the structure matters more than the headline number attached to it. Sheikh Tahnoon described the company’s purpose when Abu Dhabi first announced the venture in 2024. He said the emirate was “establishing a UAE national champion focused on AI and advanced technologies”. The $49 billion AI fund by Abu Dhabi’s MGX now gives weight to the claim. United States senators have already asked MGX to preserve documents tied to its Binance stake.

What the $49 billion AI fund by Abu Dhabi’s MGX buys next

Fund I spreads its capital across three layers of the artificial intelligence supply chain. AI infrastructure occupies the middle layer, covering data centres, power access and compute platforms. Power access, land and construction timelines shape every serious wager on AI infrastructure today. In October 2025, MGX helped acquire Aligned Data Centres in a $40 billion deal. BlackRock’s Global Infrastructure Partners joined the consortium behind one of the largest infrastructure deals. MGX, Nvidia, Bpifrance and Mistral AI back a French campus targeting three gigawatts of compute. The $49 billion AI fund by Abu Dhabi’s MGX buys time as much as assets.

MGX co-led Anthropic’s $30 billion round in February and joined its $65 billion Series H. Dealroom counts a record $416.6 billion flowing into AI companies during this calendar year. Anthropic and OpenAI absorbed most of the capital, and MGX holds stakes in both. S&P puts Abu Dhabi’s net asset position near 358 per cent of national output. The $49 billion AI fund by Abu Dhabi’s MGX will face its test through deployment. Watch the pace of spending, the choice of chips, and the location of new compute.

By Mariam Al-Yazidi
3 min read

Media

Social media viewership climbs to new highs during the 2026 NBA Finals run

Fans set new online records while the league celebrated its strongest ratings in decades. Social media viewership reached record highs during the 2026 NBA Finals between New York and San Antonio. The Knicks won their first championship in 53 years, and millions of fans watched everywhere. Games drew 20.6 million average viewers on ABC and ESPN, the most since 1998. Social platforms told a bigger story with 15 billion views across the five-game series. This figure nearly tripled the previous record, showing how fans now follow the action. Merchandise sales also hit a league record within the first day after Game 5.

Records fall on every screen

NBA Finals viewership climbed as young fans mixed live games with quick online clips. Game 5 alone pulled more than 4 billion views across the major social platforms online. A record comeback in Game 4 spread across feeds within minutes of the buzzer. Many viewers watched sports highlights on TikTok and YouTube instead of every full broadcast. An S&P Global report found 68 percent of fans still watch live games somewhere. About 38 percent watch clips and interviews on social media and other video sites. YouTube holds the largest share of all streaming time, according to Nielsen tracking reports. Global searches for the Knicks and Spurs reached all-time highs during the series run. These numbers explain why sports content on social media now shapes every league strategy.

Why social media viewership keeps climbing

Social media viewership grows because young fans want fast, shareable moments on their phones. Gen Z sports fans treat clips, memes, and reactions as part of the game. They follow teams through short videos rather than sitting for a whole live broadcast. Group chats and watch parties turn each game into a shared online social event. Short videos let fans follow teams during busy days without a long time commitment. Leagues see this shift and treat a young audience as a real business need. Teams now post behind-the-scenes videos and player clips to reach these younger viewers daily. Jonathan Miller, chief executive of Integrated Media, framed the stakes for team owners plainly. It is no longer a luxury to have a young base, Miller said clearly.

What broadcasters decide next

Broadcasters now face a hard choice about social media viewership and paid subscriptions online. Free clips build new fans, yet they can pull attention from costly live coverage. Live sports streaming still earns the most money through big television deals and subscriptions. Advertising also helps networks recover the huge cost of these long-term media contracts. The NBA works within an eleven-year deal worth 77 billion dollars with its partners. Rising fees push every network to earn back this spending as fast as possible. FIFA now lets broadcasters post the first ten minutes of each World Cup match. Each clip ends with a link, sending viewers toward the full paid live stream. New streaming viewers during the Finals skewed older, according to one audience tracking firm. From my standpoint, leagues win when free clips feed fans toward paid live games. Strong social media viewership can grow into loyal audiences for years to come now.

By Mariam Al-Yazidi
3 min read

Mariam Al-Yazidi