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- Bahrain All Share Index closes higher
- Lufthansa shares soar after earnings top estimates
- Most GCC central banks cut key rates; Kuwait holds rates steady
- Central Bank of Oman lower repo rate for local banks by 25bps
- Qatar Central Bank issues treasury bills worth QR 250 million
- Qatar Stock Exchange index closes higher
- Bahrain, UAE central banks cut key interest rates
- UAE investment group MAIR seals Al Reem Island property deal
- Jahez, noon partnership to transform everyday convenience in Saudi Arabia
- Union Properties unveils $544.59m Mirdad in Dubai's Motor City
31/10/2025 06:23 AST
Yasir Al-Rumayyan, governor of the Public Investment Fund, said the fund's assets have tripled since 2015, adding the fund's goal is to reach $1 trillion by the end of this year, "and we are very close to achieving it."
The PIF has been the cornerstone of Saudi Vision 2030, with its workforce expanding from around 40 employees in 2015 to about 4,000 today. The fund has also established offices in major global cities.
Al-Rumayyan noted that the fund has launched more than 100 companies across a wide range of sectors to fill market gaps and drive economic diversification.
He revealed that a new PIF strategy is expected to be announced soon, as it is currently in the final stages of approval. The strategy will focus on six key sectors - tourism, travel and entertainment, as well as urban development, advanced manufacturing and innovation, logistics, renewable energy, and NEOM.
This focus, he said, will help the fund prioritize investments according to clear timelines, emphasizing: "We don't want to approach all investments with the same level of priority."
Al-Rumayyan also highlighted the PIF's success in revitalizing King Abdullah Economic City, part of the fund's portfolio. He said the PIF increased its ownership from a minority to a majority stake, transforming the company - which had been largely inactive for nearly two decades - into a dynamic hub by attracting ports, companies, and automotive industries, among others.
Arab News
| Ticker | Price | Volume |
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31/10/2025
Consumers in the UAE are set to enjoy lower borrowing rates as the UAE Central Bank on Wednesday lowered its Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.1
Khaleej Times
31/10/2025
Most Gulf central banks cut key interest rates on Wednesday after the US Federal Reserve moved to reduce rates by a quarter of a percentage point, its second rate cut decision this year. The Fed's de
Kuwait Times
31/10/2025
The Central Bank of Oman (CBO) has decreased its Repurchase Agreement rate (repo) for local banks, effective from Thursday, by 25 basis points (0.25%) to 4.50%.
The CBO's monetary policy aim
Times of Oman
31/10/2025
Qatar Central Bank (QCB) has issued treasury bills worth QR 250 million with maturities of 28 days, 98 days, 182 days, 273 days, and 364 days.
QCB announced in a post on its social media pla
QNA
31/10/2025
The central banks of the UAE and Bahrain have cut key interest rates by 25 basis points, effective October 30.
Central Bank of the UAE (CBUAE) cut the Base Rate applicable to the Overnight D
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