Stonepeak is opening an office in Abu Dhabi, joining a flurry of new entrants to the oil-rich capital of the United Arab Emirates.Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughPipe Fire Near Houston Forces Residents to EvacuateTo Build a Happier City,

Abu Dhabi sovereign wealth fund Mubadala and U.S. private equity firm Silver Lake hold stakes in G42, whose chairman, Sheikh Tahnoon bin Zayed Al Nahyan, is the UAE's national security advisor and the president's brother.

Microsoft and G42 will set up two AI centers in Abu Dhabi, to focus on the responsible use of AI and address societal goals. Read more here