March 20, 2024 Saudi Arabia’s PIF ranks 2nd among GCC sovereign wealth funds with $925 billion (AED 3.3 trillion) in assets. After a 55% increase in assets under management, the PIF has surged in global ranking of sovereign wealth organisations.…
March 13, 2024 U.S.-based climate technology firm CarbonCapture secured $80 million (AED 293 million) in funding from various investors, notably Saudi Aramco's venture capital unit. Prime Movers Lab spearheaded the Series A fundraising, with contributions from Aramco Ventures, Amazon's Climate…
March 13, 2024 Abu Dhabi’s sovereign wealth fund has increased its funding commitment to Cheyne Capital’s real estate private credit strategy in Europe. The Abu Dhabi Investment Authority (ADIA) committed an undisclosed amount to Cheyne’s programme, dubbed as the capital…
February 29, 2024 Abu Dhabi clean energy company Masdar has completed the acquisition of a 49% stake in 3-gigawatt (DBS) project, one of the world’s largest planned offshore wind farms, as it continues to expand its presence across renewable energy…
February 22, 2024 Along with other investor-partners, Abu Dhabi’s Mubadala Investment Co. has bought out a stake in the fifth largest insurance broker in the U.S. This is the Truist Insurance Holdings, headquartered in Charlotte, North Carolina, and which has…
February 26, 2024 The UAE sovereign investor Mubadala Investment Company and Goldman Sachs have signed a $1 billion deal to invest in private credit deals in Asia, with particular focus on India. The Abu Dhabi fund and Goldman Sachs Alternatives,…
February 22, 2024 Saudi Arabia’s sovereign wealth fund is set to increase its annual deployment of capital to $70 billion a year after 2025. The Public Investment Fund, or PIF, currently puts $40 billion to $50 billion of capital to…
February 2, 2024 Tasaru Mobility Investments, a company fully owned by Saudi Arabia’s Public Investment Fund (PIF) has made two strategic investments to develop its autonomous mobility sector. The first is an investment in Project 3 Mobility (P3), a Croatian…
January 26, 2024 Saudi Aramco, the world’s biggest oil exporter, is seeking refining and chemicals deals in Asia as it looks to rapidly expand the business and secure long-term buyers for its crude. The company is looking at China and…
January 23, 2024 Saudi Arabian sovereign wealth fund, Public Investment Fund (PIF) has announced a new multi-year partnership with Electric 360, Formula E, Extreme E and E1 to enhance the growth of the electric motorsport sector in the kingdom. The partnership specifically aims…