ADIA names new infrastructure headThe Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, appointed John McCarthy as global head of infrastructure division, it said in a statement on Wedne More… |
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Mumtalakat not to join Gulf spending spreeMumtalakat has no plans to sell stakes in domestic companies and will be focusing on its existing portfolio and could even increase its investments, said its chief executive Mahmood al-Kooheji. More… |
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Libya's sovereign wealth fund 'in limbo'The outgoing head of Libya's sovereign wealth fund said a decision to sack him has left its restructuring plans and the pursuit of compensation for investment losses in limbo, potentially costing the country millions. More… |
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Sovereign wealth funds to hit $5.6 trillion by year endSovereign wealth funds (SWFs) are set to see their assets grow to $5.6 trillion by the end of 2013, a study found, a sum more than double British GDP and underscoring their status as the world's wealthiest investors. SWFs, sta More… |
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Kuwait wealth fund had $261bn assets: reportA rainy day fund managed by Kuwait Investment Authority (KIA) had assets currently worth more than $261 billion at the end of March last year, a local newspaper reported on Sunday citing a government audit. Oil-producing Kuwait, o More… |
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Chinese wealth fund eyes Daimler stakeChina's sovereign wealth fund is considering buying a four to 10 per cent stake in German carmaker Daimler, the website of the official People's Daily newspaper said. The potential purchase comes as China Investment Corpor More… |
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ME wealth funds' global investment falls sharplyMajor sovereign governments and sovereign wealth funds (SWFs) in the Middle East are investing less internationally than they have done at any point in the last three years, according to a recent study. The international flow of money dire More… |
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Dubai fund says no bond issue this yearThe Investment Corporation of Dubai (ICD), the emirate's sovereign wealth arm, has no current plan to issue a bond this year and will likely pay off a $2 billion loan that is due next year, the fund's CEO said. 'ICD at the mome More… |
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Dubai Investments Q1 net up 6.3pcConglomerate Dubai Investments posted a 6.3-per cent rise in quarterly net profit on Sunday and said the company was reviewing opportunities to divest some of its businesses. The firm, in which sovereign wealth fund Investment Corporation More… |
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Qatar wealth fund buys major stake in ShellQatar is ploughing more of its commodity wealth back into the gas sector with the purchase of a major stake in Royal Dutch Shell while also reportedly eyeing a chunk of Italian oil major Eni. A Shell spokeswoman confirmed the purchase whil More… |
