Latest News for: Sovereign wealth


Yemen Houthis give foreign oil companies ultimatum to stop oil extraction

Middle East Monitor 03 Oct 2022
... to prepare official communications to all foreign companies and entities involved in "looting Yemen's sovereign wealth" to immediately cease their activities.

Saudi Arabia's SRC extends mortgage benchmark maturity to 30 years

Khaleejtimes 03 Oct 2022
"SRC will further support the development of a robust mortgage market in the Kingdom, providing longer term liquidity to primary originators," the firm, fully owned by the powerful Saudi sovereign wealth fund, the Public Investment Fund, said in a statement ... — Reuters .

Investment Expert Tasks Industry Players on Investing in ETFs

This Day 03 Oct 2022
Kayode Tokede ... Crunching the numbers, she stated that; “Based on Jun 2022 data from ISLA, globally, pension plans account for about 30 per cent of securities lending transactions, Collective Investment Schemes (CIS), 16 per cent and Government/Sovereign Wealth Fund accounting for about 30per cent.”.

Gokaldas Exports shares jump after Abu Dhabi Investment Authority's stake buy | Mint

Live Mint 03 Oct 2022
Shares of Gokaldas Exports today witnessed spurt in volume and sharp rise as Abu Dhabi Investment Authority (ADIA) — a sovereign wealth fund owned by the Emirate of Abu Dhabi, bought stake in the export company on 30th September 2022 ... TRENDING STORIESSee All. Premium Samvardhan Motherson shares trade ex-bonus; stock rises ... See ... MINT PREMIUM See All.

Saudi Arabia to boost 2023 spending and post narrow surplus

Gulf News 03 Oct 2022
The kingdom will also look to use the budget surplus to replenish reserves, make additional transfers to sovereign wealth funds, and potentially boost spending on projects intended to help diversify the economy away from a reliance on crude sales, Finance Minister Mohammed Al Jadaan said in comments on Twitter ... .

Talking Horses: Alpinista’s Arc win a shot in the arm that racing needed

The Observer 03 Oct 2022
Baaeed was back home in Newmarket, Christophe Soumillon did his best to spoil the build-up and Alpinista, the winner, could struggle to make the top 10 when the international handicappers’ annual ratings are published in January ... The huge influx of sovereign wealth into British racing since the 1970s has changed the game completely ... Read more ... .

Why debt financing within climate tech set to grow

New Business Ethiopia 03 Oct 2022
... asset managers such as TPG, Blackrock and KKR, ESG focused government backed funds such as UK’s Local Electric Vehicle Infrastructure Fund (LEVI), sovereign wealth funds such as Temasek, GIC, Mubadala and infrastructure funds such as Macquarie and M&G to name a few.

Alloy Therapeutics Raises $42 Million Series D Financing to Accelerate Discovery Technology Development Across Biologic Modalities

Pharmiweb 03 Oct 2022
BOSTON--(BUSINESS WIRE)--Alloy Therapeutics, a biotechnology ecosystem company, has closed $42 million in Series D financing led by its existing investors 8VC and Mubadala Capital and joined by return investors Thiel Capital, Presight Capital, Founders Fund, and other unnamed family offices and sovereign wealth funds ... About Alloy Therapeutics ... .

The global elite have forgotten Jamal Khashoggi’s murder

Vox 03 Oct 2022
Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative (FII) conference in Riyadh on October 24, 2017. Fayez Nureldine/AFP via Getty Images ... I spotted him in the audience in late September at a conference hosted by an offshoot of Saudi Arabia’s sovereign wealth fund, the Future Investment Initiative Institute.

Saudi Arabia outlines plans to invest $38 billion in Esports

Financial Express 02 Oct 2022
Savvy Games Group, a unit of the country’s sovereign wealth fund, will spend 50 billion riyals to acquire and develop a games publisher and 70 billion riyals to take minority stakes in gaming companies ... Savvy Games Group, a unit of the country’s sovereign wealth fund, will spend ...
photo: AP / Hani Mohammed
A Houthi rebel fighter holds a weapon during fighters gathering for the Houthi movement, Yemen

Houthis announce end of truce, demand oil companies leave Yemen

The Jerusalem Post 02 Oct 2022
"We will take all strict measures to prevent the continuation of looting of Yemeni sovereign wealth in accordance with international laws," said the Houthi oil minister. "The coalition of aggression and mercenaries looted the  country’s wealth, and they should take the warning of the armed forces seriously.".

Process for concession of 20% of NBG goes on

Ekathimerini 02 Oct 2022
... the process of selling the NBG share package in the context of the official expression of interest submitted by the Saudi Arabian sovereign wealth fund Public Investment Fund (PIF) for the acquisition of 20% of the lender.

Yemen's warring parties receive UN proposal for truce extension

China Daily 02 Oct 2022
Also in the day, Mahdi al-Mashat, chairman of Houthi's political council, warned foreign oil and mining companies in Yemen to "stop looting Yemen's sovereign wealth, starting from six o'clock in the evening tomorrow (Sunday)" or facing "full responsibility," according to the Houthi-run al-Masirah TV ... It was later renewed twice through Oct. 2 ... .

Yemeni leader, UN envoy discuss extension of truce set to expire tonight 02 Oct 2022
ADEN, Yemen, Oct ... Meanwhile, Mahdi al-Mashat, chairman of Houthi's political council, warned foreign oil and mining companies in Yemen to "stop looting Yemen's sovereign wealth, starting from six o'clock in the evening (on Sunday)" or facing "full responsibility," according to the Houthi-run al-Masirah TV ... 2 ... Enditem .

Qatar Investment Authority invests $2.43bn to accelerate RWE’s green energy strategy 

Arab News 02 Oct 2022
RIYADH ... According to a Reuters report, RWE will issue a mandatory convertible bond to a QIA subsidiary, through which Qatar’s sovereign wealth fund will become a 9.1 percent shareholder in RWE. By acquiring Con Edison’s Clean Energy Businesses, RWE is expected to become one of the major players in the US renewable energy sector ... He added ... ....

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A Somali soldier stands near the dead body of one of the two Al-shabab fighter who were killed during clashes with security forces in Mogadishu, Somalia, Sunday, April, 16, 2017.
AP / Farah Abdi Warsameh
Azuqueca de Henares (Guadalajara), January 20, 2021.- The President of Castilla-La Mancha, Emiliano García-Page, accompanied the Minister of Health, Salvador Illa, on his visit to the Spanish pharmaceutical group Insud Pharma, which will manufacture the vials of the AZD1222 vaccine developed by AstraZeneca and the University of Oxford
Creative Commons / Emiliano García-Page Sánchez