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Saudi Arabian Monetary Authority (SAMA) has retained its position as the world’s sixth largest sovereign wealth fund (SWF) with a net worth of $515.6 billion, the November 2018 data from SWF Institute showed.
Meanwhile, the Saudi Public Investment Fund (PIF) maintained its 10th spot with assets valued at $360 billion. PIF had already announced plans to increase its total assets to nearly $600 billion by the end of 2020.
Norway’s Government Pension Fund topped the list of SWFs with assets standing at $1.058 trillion. China Investment Corporation (CIC) came in the second with $941.4 billion worth of assets. It was followed by Abu Dhabi Investment Authority ($683 billion) and Kuwait Investment Authority (KIA) with $592 billion worth of assets.
The assets of Investment Corporation of Dubai grew by $4 billion to $233.8 billion in November.
The combined assets of all sovereign funds under study amounted to $8.11 trillion by the end of November 2018, with Saudi Arabia and UAE accounting for 10.8 and 14.5 percent of total assets, respectively.
The Middle East and North Africa (MENA) region continues to present one of the world’s key growth regions for printing.
In 2019, the total value of the commercial print business in MENA is
The Quality Improvement Committee at Raysut Industrial Estate held its first meeting chaired by Eng. Hamad Al Qasabi, Director General of the estate and the committee’s chairman.
Times of Oman
The Zayed Fund for Innovation and Entrepreneurship, established by the Khalifa Fund for Enterprise Development, is contributing to the economic development of Chechnya with a number of projects.
Masdar, the Abu Dhabi Future Energy Company, announced yesterday the installation of the first of 13 turbines at the 50 megawatt (MW) Dhofar Wind Farm. Located in Dhofar Governorate, the project is f
Oman Daily Observer
The UAE has moved ahead of other regional and overseas destinations in positioning itself as a hub for investment and international talent, say experts at STA Law Firm.
The introduction of
The Gulf Today