QIA buys historic St. Regis New York for $310 million
November 1, 2019 (New York) Bloomberg has reported that the Qatar Investment Authority (QIA) has acquired the historic St. Regis New York from Marriott International Inc. for $310 million. The St. Regis New York, an 18-story building which contains more than 200 guest rooms originally opened by John Jacob Astor IV in 1904, is a historic property that served as…
KSA & UAE Sovereign Wealth Funds expanding across markets
October 30, 2019 (Riyadh) Zawya has reported experts who attended the 3rd Future Investment Initiative (FII) in Riyadh say that Saudi Arabia and UAE Sovereign Wealth Funds are expanding across markets such as Russia, China, India, and Latin America to mitigate risks of uncertainty. The article went on to note that diligent global investments are being used to mitigate the slowing…
Sovereign Wealth Funds seek to diversify investments to distribute risks
October 30, 2019 (Riyadh) A recent article on Asharq Al-Awsat reported that a number of officials from the world's sovereign funds who participated in the 3rd Future Investment Initiative (FII) in Riyadh, said that their funds were seeking to diversify their investments to distribute the risks. Khalid Al-Rumaihi, chief executive of Bahrain’s Mumtalakat Holding Company, was quoted saying that he…
Mubadala takes a positive outlook on the global gas market with $50 million investment
October 28, 2019 (Abu Dhabi) A recent article on Hydrocarbon Engineering reported that Abu Dhabi based sovereign investor, Mubadala Investment Company (Mubadala) will purchase NextDecade’s common stock in a private placement at a price of $6.27 per share. The article went on to disclose that as part of the invetsment, Mubadala will receive one seat on NextDecade’s board of directors…
Warba, Watar Partners, KAAF, and Rimco invest in Beco Capital Fund II
October 2, 2019 (Dubai) The National has reported that Beco Capital, a Dubai-based venture capital firm, raised $100 million through its second fund, which thanks to investor appetite for start-ups, the fund oversubscribed its initial target by $20 million. The company typically invests in regionally-based early-stage start-ups with seed and Series A funding, and provides follow-on funds for the best-performing…