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Saudi wealth fund eyes $2 trillion AUMs by 2030Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) aims to have at least $2 trillion of assets under management by 2030, said its managing director in his first-ever interview. Speaking exclusively to Bloomber More… |
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Saudi Aramco plans to set up new construction unitState oil giant Saudi Aramco plans to set up a new construction company with local and international partners to build non-oil infrastructure in Saudi Arabia, reported Reuters, citing senior industry sources. Saudi Arabia More… |
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Saudi Aramco plans to set up new construction unitState oil giant Saudi Aramco plans to set up a new construction company with local and international partners to build non-oil infrastructure in Saudi Arabia, reported Reuters, citing senior industry sources. Saudi Arabia More… |
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Turkey wealth fund to finance logistics projectsTurkey’s new national wealth fund will finance projects including airports, seaports, roads and railroads across the country, a senior government official was quoted as saying in a Gulf Times report. The fund, which More… |
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GCC funds pull out $19bn from asset managers as low oil bitesGulf sovereign wealth funds have withdrawn money from asset managers at a record rate this year as falling oil prices have left gulf economies scrambling to inject cash into their economies, said a report. Data provider eVestment More… |
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Iran to spend $4.8bn from sovereign fund on oil projectsIran will withdraw up to $4.8 billion from its sovereign wealth fund to spend on developing its oil and gas fields next fiscal year under a proposal approved by parliament. The decision to dip into the National Development Fund un More… |
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Saudi to launch debut sovereign wealth fundSaudi Arabia is preparing to launch its first sovereign wealth fund to manage budget surpluses from a rise in crude prices estimated at hundreds of billions of dollars, said a media report. The central bank has managed investment More… |
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Qatar fund plans $2bn Russia investmentQatar's sovereign wealth fund the Qatar Investment Authority is allocating $2 billion to Russia via joint investments with state-backed private equity fund the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, the chief executive of Ru More… |
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SocGen faces $1.5bn Libya bribery lawsuitLibya's sovereign wealth fund has filed a $1.5 billion lawsuit against Societe Generale, accusing it of funnelling bribes worth tens of millions of dollars to associates of Saif al-Islam, the son of former Libyan leader Muammar Gaddafi. More… |
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Kuwait fund plans $676m investment in ItalyKuwait’s sovereign wealth fund will invest 500 million euros ($676 million) in Italian companies in co-ordination with Italy’s own strategic investment fund. The deal follows similar agreements with Qatar’s inves More… |
