Saudi Wealth Fund Moves Billions From Blue Chips to ETFs
Saudi Arabia’s sovereign-wealth fund has sold shares valued at over $5.5 billion in several major multinational corporations just months after…
Sovereign wealth
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Dubai ruler issues decrees to restructure boards of Investment Corporation of Dubai and Meydan City Corporation
The ruler of Dubai on Saturday issued decrees to restructure the boards of the emirate's sovereign wealth fund Investment Corporation…
Sovereign wealth funds reveal COVID-19 impact on global economy
A recent study revealed how sovereign wealth funds (SWFs) are looking at the near-term investment environment. The report published…
Damac, Arabtec stock rallies keep UAE markets buzzing
Major UAE real estate sector stocks are on a tear with Arabtec rallying 14.85 per cent and Damac gaining 8.25…
Markaz: Issuances by GCC sovereign entities increased by 40% year-on-year amid growing budget deficits after the double blow of Covid-19 and slump in oil prices
Kuwait Financial Centre “Markaz”, in its recent research report titled GCC Bonds and Sukuk Market Survey H1-2020, highlighted the trends…
Kuwait sovereign wealth fund fights court battle with fired executives
The Kuwait Investment Authority’s London arm has launched High Court proceedings against former executives over an alleged conspiracy to award…
Qatar among top 10 emerging market sovereign issuers in H1: Moody's
In the first half of the year, Qatar sovereign issuances totalled $10bn; Qatar is currently rated ‘Aa3 stable’ by Moody’s…
Mideast sovereign investors hunt for bargains in Europe
Middle East sovereign investors have piled into European companies in the wake of the coronavirus disease (COVID-19) pandemic, according to…
Kuwait’s budget crunch may push it to tap fund for life after oil
Kuwait, one of the world’s wealthiest countries, is in a budget crunch so severe that it may have to soon…
Israel pushes back creation of sovereign wealth fund as gas revenue trickles in
Israel has pushed back the creation of a sovereign wealth fund because tax revenue from natural gas has not yet…
AIB into private hands
The Central Bank of Egypt has given the green light to the Sovereign Fund of Egypt and leading local investment…
Saudi net foreign assets rise for first time since January
Saudi Arabia’s net foreign assets rose in May, reversing three months of declines. The stockpile climbed by about SAR3bn…