Aramco and SABIC to lead $1.3trn Saudi diversification drive

Oil and petrochemical giants Aramco and SABIC are to spearhead a new $1.3trn Shareek (Partner) programme…

SAMI plans to bring Saudi defence home

Saudi Arabia intends to be spending 50% of its military budget on equipment made at home…

Saudi replaces bank governor as PIF changes tack

New SAMA governor's appointment coincides with PIF sovereign wealth fund's push to attract more investment into…

MBS draws The Line

The Line will be a 100-mile pedestrianised belt of  carbon-free  communities big enough to house million…

Jakarta pledges $5bn to Indonesian sovereign wealth fund

The authorities in Jakarta are getting set to sink just over $5bn in the new Indonesian…

Jio valuation jumps on prospect of digital India

The Abu Dhabi Investment Authority (ADIA) has bought a 1.15% stake in Jio Platforms for $750m …

Gulf’s sovereign wealth funds snap up US stocks

The sovereign wealth funds of Saudi Arabia (PIF) and Qatar (QIA) are planning to capitalise on…

Spotlight falls on CEFC as Qatar sovereign wealth fund signs up to EN+ IPO

Qatar’s sovereign investment fund the QIA has applied to invest $250m in the  $1.5bn IPO of…

Putin celebrates as Qatar wealth fund and Glencore buy $11bn Rosneft stake

Russian President Vladimir Putin took to the TV airways yesterday to celebrate the news that the…

Islamic banking proposal could see ‘trillions of dollars’ flood into India

Islamic banking: Moves by the  Reserve Bank of India (RBI)  to offer  its banks an “Islamic window”…

China’s CIC sovereign fund posts first losses in four years

CIC: Battered by falling commodity prices and weak currencies, China’s $814bn China Investment Corp sovereign wealth fund…

Silk Road Fund eyes up Glencore’s Kazakh mine in Chinese gold rush

China’s state-backed  $40bn Silk Road Fund has teamed up with the  China National Gold Group Corporation to  explore…

Qatar Investment Authority eyes up Russian energy and property sectors

A delegation from Qatar including ruling family member and  Qatar Investment Authority (QIA) sovereign wealth fund chief Sheikh Abdullah bin Mohammed…

Prince shares vision of new $2trn Saudi sovereign wealth fund and Aramco sale

Saudi sovereign wealth fund: Saudi Arabia preparing for the life after oil by creating the world’s largest sovereign…

Seven top managers go as Kazakhstan restructures Samruk Kazyna

 Kazakhstan’s  Samruk Kazyna sovereign wealth fund  is to lose seven of its managing directors in a…

Samruk Kazyna to privatise 22 more assets this year

Samruk Kazyna to privatise 22 more assets:  Kazakhstan’s  Samruk-Kazyna Welfare Fund is looking to privatize 22 more assets…

Kazakh rail enterprises biggest draw in privatisation programme

Interest in Kazakh rail enterprises helped Kazkahstan’s sovereign wealth fund Samruk-Kazyna offload 12 of the 64 assets it…

Altel to spearhead Kazakhstan’s seven-year 4G network drive

Kazakhtelecom subsidiary Altel is to spearhead Kazkhstan’s drive to improve its telecommunications infrastructure with a KTZ105bn project that…

Yamal LNG allocated $2.6bn for construction of South Tambeisky facility

Yamal LNG: Russian Prime Minister Dmitry Medvedev  late last week signed a resolution that will see…

Kazakh road network to get $6bn cash injection over next five years

Kazakh road network: President Nursultan Nazarbayev has instructed Kazakhstan’s sovereign wealth fund to earmark KZT321bn (US$1.76bn) over the next…

Massimov sets out rationale for Kazakh privatisation program

Karim Massimov, Kazakhstan’s Prime Minister, today told a plenary session of the country’s Majilis  that the second…

Samruk Kazyna restructures and gets set to appoint foreign directors

Samruk Kazyna restructures: Kazakhstan’s  sovereign wealth fund Samruk Kazyna is getting ready to appoint international experts to…

Samruk-Kazyna privatisations attract US and European FDI

Samruk-Kazyna privatisations: US and European investors have been expressing an interest in a number of the…

Samruk Kazyna restructure set to halve company portfolio

Samruk Kazyna restructure : Kazakhstan’s National Welfare Fund Samruk Kazyna is planning to halve the number of companies…