July 29, 2020 (Middle East) Bloomberg has reported that Kuwait’s Public Institution for Social Security had an investment profit of $7.3 billion in the three months through June, which corresponds to a 66% increase compared to 2019 results. The article notes that the Kuwaiti Fund would seek new investment opportunities as they strategize reducing their cash available for investments to…

July 29, 2020 (United Arab Emirates) According to an article published by Arabian Business, Kuwait’s Public Institution for Social Security (PISS) posted a record first-quarter investment profit of $7.3 billion in the three months through June 2020, up 60% on the same period last year.  PISS has over $112 billion in assets as of March 2019, including a 25% stake…

July 22, 2020 (United Arab Emirates) Arabian Business has reported that Gulf investors showed strong interest in the UK property market and made significant acquisitions based on the Sterling Pound's reduced value and an increase in political stability. Read the original article on Arabian Business: Gulf Buyers Return to UK Property Market in Post-Lockdown Boom

July 20, 2020 (United Arab Emirates) According to a report published by Boston Consulting Group, the National has reported that UAE millionaires’ combined wealth expects growth of 4.2% year on year reaching $510 billion by 2024. The report notes that multiple segments of UAE wealth are on track to grow despite the Covid-19 pandemic. Read the original article on The…

July 20, 2020 (United Arab Emirates) Arabian Business has reported that Middle East-based sovereign wealth funds are planning to increase their exposure to European assets as the prices take a hit during the Covid-19 pandemic. The article further noted that over the next 12 months, c. 43% of sovereign funds in the Middle East will buy equities with lower valuations…