UAE fund says Malaysia's 1MDB in default on $1 billion deal
An Abu Dhabi sovereign fund said on Monday Malaysia's troubled state fund 1Malaysia Development Berhad was in default of its…
Sovereign wealth
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Muslim sovereign wealth funds strong drivers for Islamic economy
Sovereign wealth funds of Muslim countries, most of them managing the fiscal surpluses from oil and gas exports, are a…
Saudi Arabia could increase $8bn sovereign loan on heavy demand
Saudi Arabia has drawn substantial demand for its first foreign borrowing in more than a decade, and looks likely to…
Saudi prince wants world’s largest sovereign wealth fund
In an interview with Bloomberg, Saudi Deputy Crown Prince Mohammed bin Salman said he is planning to transform the kingdom’s…
Chairman of Hakkasan Group resigns amid disappearance of billions
Khadem Al Qubaisi, the Emirati-born chairman of the Hakkasan Group — which in three short years has become a top…
Interview-Dubai's National Bonds eyes expansion in Saudi Arabia
CEO Mohammed Qasim Al Ali told Zawya that 60 percent of National Bonds ' allocations are in Saudi Arabia, which…
Sovereign wealth fund deals down 17 pct in first quarter
Sovereign wealth funds made $19.2 billion worth of overseas acquisitions in the first quarter, down almost 17 pct from the…
Saudi Arabia wants to build a $2 trillion mega-fund — and fundamentally change its economy
Saudi Arabia is planning to create a $2 trillion sovereign wealth fund to reduce the country's reliance on oil and…
Libya asks UN to ease wealth fund sanctions
Libya on Thursday asked the UN Security Council to allow its sovereign wealth fund to manage accounts frozen under UN…
Gulf states not holding back on major reforms
Oil’s dramatic fall since June 2014 is emboldening Middle East policymakers. Generous fuel and food subsidies are being slashed, sales…
Abu Dhabi fund set to finance Latin American property deal
GP Investments Ltd , Latin America's largest private equity firm, has reached a deal with a subsidiary of Abu Dhabi's…
Saudi Arabia is trying to borrow billions from banks
Saudi Arabia is seeking a bank loan of between $6 billion and $8 billion, sources familiar with the matter told…