sovereign wealth fund

This tag is associated with 6 posts

Crisis In Venezuela — A Lesson From Saudi Arabia

By Eric Simmons President Nicolás Maduro has implemented measures such as shortened workday, increased federal holidays and scheduled blackouts in an attempt to reduce energy consumption across the country amidst a nationwide energy crisis brought on by severe drought. However, the energy crisis is only a microcosm of the Venezuelan economy and regardless of oil’s recovery, the … Continue reading

Saudi Arabia And The Post-Oil Era: The Plan To Create A $2 Trillion Wealth Fund

Saudi Arabia is planning to establish a $2tn (£1.4tn) sovereign wealth fund by selling off its state petroleum assets in preparation for a world beyond oil. Greenpeace said it was a pivotal moment akin to Switzerland abandoning banking, but others claimed Riyadh had long wanted to diversify its economy and spread its wealth though it … Continue reading

Bangladesh To Launch Sovereign Wealth Fund To Help Finance Much Needed Infrastructure Projects

Bangladesh is planning to launch a sovereign wealth fund (SWF) with its foreign currency reserves to help invest in much needed infrastructure projects, according to reports from Asian news media outlets. A sovereign wealth fund is a pool of money derived from a country’s reserves, which is set aside for investment purposes that are believed to … Continue reading

Saudi Arabian Wealth Fund To Invest Up To $10 Billion In Russia

Saudi Arabia has inked a commitment to invest up to $10 billion in Russia, the Russian Direct Investment Fund (RDIF) said on Monday. Russia’s RDIF and the Public Investment Fund (PIF) of Saudi Arabia agreed to create a partnership to invest $10 billion into projects in Russia, RDIF head Kirill Dmitriev told RIA Novosti. Russia’s latest deal with its … Continue reading

Russia To Supply Banks With Up To $6.54bn To Fight Off Crisis

Banks in Russia will get a government boost to finance debt and projects as the country risks recession. On Friday, the State Duma passed the last two readings of a law to allocate up to 10 percent, or $6.54 billion, from a sovereign wealth fund. The law is essentially a bank bailout from the Ministry … Continue reading

Qatar’s Sovereign Wealth Fund Unfazed By Fall In Oil Prices

Qatar’s sovereign wealth fund – the Qatar Investment Authority (QIA), one of the world’s largest wealth funds – says it is unconcerned with the fall in oil prices and that it doesn’t plan to change its investment strategy, the sovereign wealth fund’s Chief Executive said on Thursday, according to Reuters. The plunge in oil prices … Continue reading

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