Kuwait Hasn’t Renewed Wealth Fund’s Board Since Term Expired
Kuwait hasn’t approved a new term for the board of its $600 billion sovereign wealth fund since its tenure expired…
Sovereign wealth
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Saudi wealth fund PIF leads investment in $800m Middle East infrastructure fund
The Public Investment Fund, Saudi Arabia’s sovereign wealth fund chaired by the Crown Prince, has agreed to commit up to…
Saudi sovereign fund PIF to invest in Investcorp-Aberdeen infrastructure fund
Saudi Arabia's sovereign wealth fund PIF will become an anchor investor in an infrastructure fund being launched by Bahrain's Investcorp…
See Why Abu Dhabi’s Big Sovereign Wealth Fund Wants an AI Group for Investing
As sovereign investors rapidly embrace data as the new oil, artificial intelligence (AI) can be perceived as the refineries. …
Egypt's EFG Hermes to acquire control of state-owned Arab Investment Bank
EFG Hermes Holding, Egypt's biggest investment bank, will acquire 51% of state-owned Arab Investment Bank, the Cabinet said in a…
MENA sovereigns: Only Abu Dhabi, Qatar will have fiscal surpluses in 2021
Gulf Cooperation Council sovereigns will experience significant narrowing of fiscal deficits/GDP in 2021, said Fitch Ratings in a report on…
Egypt Sovereign Fund puts Tahrir Complex development into motion
The Sovereign Fund of Egypt (TSFE) has started the first executive steps to develop the Tahrir Complex by completing the…
UAE to invest $10bn with Indonesia sovereign wealth fund
The UAE said it will invest $10 billion with Indonesia’s sovereign wealth fund as the two countries strengthen commercial ties.…
Dubai Eyes Its Second IPO in Three Years With Tristar Listing
Middle Eastern logistics firm Tristar Transport is looking to raise gross primary proceeds of between $120 million and $160 million…
Saudi sovereign fund signs $15bn loan with 17 international banks
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced yesterday that it had agreed to a $15 billion multi-currency…
Saudi wealth fund PIF to support corporate credit growth, S&P says
Investments by Saudi Arabia's wealth fund Public Investment Fund will support credit growth among companies in the kingdom, ratings agency…
Abu Dhabi's ADQ assets estimated at $110bln
Abu Dhabi's state holding company ADQ is worth $110 billion, sovereign wealth fund tracker Global SWF said - the first…