Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Analysis Banking & Finance Gulf sovereign wealth funds vary recipes for success Gulf sovereign wealth funds are pursuing differing investment strategies when it comes to the way they buy into target companies, according to a report by analyst Global SWF Institute. The paper highlights how the Kuwait Investment Authority (KIA) and Investment Corporation of Dubai prioritise buying into target assets via funds, while Saudi Arabia’s Public Investment […] August 3, 2023 Tech Mubadala buys minority stake in US data centre firm Abu Dhabi sovereign investor Mubadala Investment Company has taken a minority stake in a US-based data centre company, as it ramps up its global investments in digital infrastructure. Texas-headquartered Aligned Data Centres (Aligned) has the majority of its operations in North America, but this year has expanded into Latin America by acquiring LatAm data centre […] August 3, 2023 Analysis Agriculture Saudi and Brazil sow seeds to partner on food security Saudi Arabia is intensifying its trade and investment ties with Latin America in pursuit of food security and green energy, as a ministry-led delegation hunts for opportunities in Brazil, Chile, Costa Rica, Argentina, Panama and Paraguay. A visit to São Paulo earlier this week by Khalid al-Falih, Saudi minister of investment, coincided with a Brazilian […] August 3, 2023 Energy PIF-backed contractor to buy Dubai energy services firm Saudi contracting firm Nesma & Partners has agreed to acquire Kent, a Dubai-based privately-owned energy services provider. The company, which is partly owned by Saudi Arabia’s Public Investment Fund (PIF), will close the acquisition of Kent by year-end, subject to regulatory approvals. The value of the deal was not given. Kent, backed by UK-based energy […] August 2, 2023 Real Estate Oyo expands to meet expat demand for Abu Dhabi flats Indian hospitality chain Oyo is adding 2,000 apartments to its offering in Abu Dhabi as demand grows for expat housing. The furnished units will be available for long-term rent and many will be located in business districts such as Khalifa City, Al Zeina, Al Raha, Al Reem Island, Al Reef and Al Mushrif. Other apartments […] August 2, 2023 Banking & Finance Standard Chartered not expecting further FAB approach The boss of British bank Standard Chartered does not anticipate a further acquisition approach from First Abu Dhabi Bank as a six-month cooling off period required by UK takeover rules comes to an end. The London-listed bank has been the subject of speculation this year around a possible sale to FAB, the UAE’s biggest lender. […] July 31, 2023 Business of Sport Newcastle winger Saint-Maximin joins Saudi club Newcastle United winger Allan Saint-Maximin has joined Saudi Pro League side Al-Ahli on a three-year deal. “We pick the best, and he’s one of them,” Al-Ahli said on social media messaging platform X. The transfer fee for the 26-year-old was not disclosed. The winger will team up with former Premier League players Roberto Firmino, Edouard […] July 31, 2023 Banking & Finance Saudi Telecom’s H1 revenue hits record high at $9.7bn Revenues of Saudi Telecom Company (STC), the largest mobile operator in Saudi Arabia, hit a record-high of SAR36.5 billion ($9.73 billion) in the first half of 2023, up 8 percent year on year. Net profit for the period grew by 4.2 percent year on year to SAR6.12 billion, the company said in a filing to […] July 31, 2023 Opinion Lifestyle Air-kisses and trees: all part of Saudi Arabia’s welcome Inside Riyadh’s astonishing, ongoing transformation July 28, 2023 Tourism PIF launches investment firm targeting domestic tourism Saudi Arabia’s Public Investment Fund (PIF) has launched the Saudi Tourism Investment Company (Asfar) as the kingdom aims to attract 100 million domestic and international visitors annually by 2030. The new entity will invest in new tourism projects and develop destinations with hospitality and retail attractions in cities across the kingdom, in addition to investing […] July 28, 2023 Posts navigation Previous 1 … 68 69 70 … 93 Next
Analysis Banking & Finance Gulf sovereign wealth funds vary recipes for success Gulf sovereign wealth funds are pursuing differing investment strategies when it comes to the way they buy into target companies, according to a report by analyst Global SWF Institute. The paper highlights how the Kuwait Investment Authority (KIA) and Investment Corporation of Dubai prioritise buying into target assets via funds, while Saudi Arabia’s Public Investment […] August 3, 2023
Tech Mubadala buys minority stake in US data centre firm Abu Dhabi sovereign investor Mubadala Investment Company has taken a minority stake in a US-based data centre company, as it ramps up its global investments in digital infrastructure. Texas-headquartered Aligned Data Centres (Aligned) has the majority of its operations in North America, but this year has expanded into Latin America by acquiring LatAm data centre […] August 3, 2023
Analysis Agriculture Saudi and Brazil sow seeds to partner on food security Saudi Arabia is intensifying its trade and investment ties with Latin America in pursuit of food security and green energy, as a ministry-led delegation hunts for opportunities in Brazil, Chile, Costa Rica, Argentina, Panama and Paraguay. A visit to São Paulo earlier this week by Khalid al-Falih, Saudi minister of investment, coincided with a Brazilian […] August 3, 2023
Energy PIF-backed contractor to buy Dubai energy services firm Saudi contracting firm Nesma & Partners has agreed to acquire Kent, a Dubai-based privately-owned energy services provider. The company, which is partly owned by Saudi Arabia’s Public Investment Fund (PIF), will close the acquisition of Kent by year-end, subject to regulatory approvals. The value of the deal was not given. Kent, backed by UK-based energy […] August 2, 2023
Real Estate Oyo expands to meet expat demand for Abu Dhabi flats Indian hospitality chain Oyo is adding 2,000 apartments to its offering in Abu Dhabi as demand grows for expat housing. The furnished units will be available for long-term rent and many will be located in business districts such as Khalifa City, Al Zeina, Al Raha, Al Reem Island, Al Reef and Al Mushrif. Other apartments […] August 2, 2023
Banking & Finance Standard Chartered not expecting further FAB approach The boss of British bank Standard Chartered does not anticipate a further acquisition approach from First Abu Dhabi Bank as a six-month cooling off period required by UK takeover rules comes to an end. The London-listed bank has been the subject of speculation this year around a possible sale to FAB, the UAE’s biggest lender. […] July 31, 2023
Business of Sport Newcastle winger Saint-Maximin joins Saudi club Newcastle United winger Allan Saint-Maximin has joined Saudi Pro League side Al-Ahli on a three-year deal. “We pick the best, and he’s one of them,” Al-Ahli said on social media messaging platform X. The transfer fee for the 26-year-old was not disclosed. The winger will team up with former Premier League players Roberto Firmino, Edouard […] July 31, 2023
Banking & Finance Saudi Telecom’s H1 revenue hits record high at $9.7bn Revenues of Saudi Telecom Company (STC), the largest mobile operator in Saudi Arabia, hit a record-high of SAR36.5 billion ($9.73 billion) in the first half of 2023, up 8 percent year on year. Net profit for the period grew by 4.2 percent year on year to SAR6.12 billion, the company said in a filing to […] July 31, 2023
Opinion Lifestyle Air-kisses and trees: all part of Saudi Arabia’s welcome Inside Riyadh’s astonishing, ongoing transformation July 28, 2023
Tourism PIF launches investment firm targeting domestic tourism Saudi Arabia’s Public Investment Fund (PIF) has launched the Saudi Tourism Investment Company (Asfar) as the kingdom aims to attract 100 million domestic and international visitors annually by 2030. The new entity will invest in new tourism projects and develop destinations with hospitality and retail attractions in cities across the kingdom, in addition to investing […] July 28, 2023
