With investments in Alphabet, JPMorgan Chase, and Amazon, the Saudi wealth fund PIF increases its U.S. holdings.
August 16, 2022 Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has bought minority stakes in a string of top American companies including Alphabet Inc., JPMorgan Chase & Co., American Tower Corporation, Amazon.com, Inc. and Zoom Video Communications, according to a regulatory filing. The PIF disclosed stakes worth $464 million in Alphabet, the parent company of Google, $433.6…
GCC nationals are anticipated to boost their real estate investments in the UK according to report
July 13, 2022 In the face of global inflationary pressures, supply-chain disruption, and interest rate rises, GCC nationals are expected to increase their investments in UK real estate, according to a new report. The Bank of London and The Middle East (BLME), a London-based independent Shariah-compliant bank, stated that there is a "clear opportunity for GCC investors to unleash the…
UAE’s ADIA and ADQ support the first Africa Sovereign Investors Forum and sign Rabat Declaration the Rabat Declaration
June 22, 2022 Abu Dhabi Investment Authority (ADIA) and ADQ, have signed the Rabat Declaration, extending support to the first Africa Sovereign Investors Forum (ASIF), organized by Ithmar Capital, Morocco’s sovereign strategic investment fund. The Rabat Declaration marks “the establishment of ASIF as a facilitator and a catalyzer of bankable investment opportunities”. The forum brought together the region’s leading sovereign…
In the next five years, MENA energy investments will reach $879 billion
June 14, 2022 Energy investments in the Middle East and North Africa are projected to grow 9 per cent in the next five years to more than $879 billion, as energy exporters boost spending amid higher oil revenue, according to a report by Arab Petroleum Investments Corporation (Apicorp). The investments, which include both planned and committed investments in the region…
ESG investments boosts to $22.7 billion by global sovereign wealth funds in 2021
January 18, 2022 Investments by sovereign investors globally into funds and companies following environmental, social and governance standards surged by more than three times last year as government investment arms continued to add sustainability-linked assets to their portfolios. Investments by sovereign wealth funds in the ESG space surged to $22.7 billion at the end of last year from $7.2bn reported…