Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Mining PIF’s Manara seeks long-term deals, not just a ‘quick buck’ The Saudi investment fund Manara Minerals is targeting long-term deals and is not looking to “flip a quick return” during the current market slump, the CEO of its parent company owner has declared. Prices in critical minerals such as lithium, nickel and cobalt have slumped since 2023, after an initial surge as the market recovered […] October 31, 2024 Aviation Riyadh Air takes aim at online travel giants Saudi Arabia’s new airline, Riyadh Air, is to compete with global travel companies such as Booking.com and Expedia by developing a one-stop digital platform for customers to plan and manage entire trips. The website will cover flights, accommodation, car rentals, AI-generated itineraries and tickets to attractions and concerts. It will also include shared shopping cart […] October 31, 2024 Finance PIF to back Brookfield Middle East fund Saudi Arabia’s Public Investment Fund (PIF) plans to back Brookfield Asset Management’s new $2 billion Middle East fund, helping the Canadian investment firm pursue deals in the Gulf. The investment platform, known as Brookfield Middle East Partners, will target $2 billion from a range of investors and intends to focus on buyouts and structured solutions, […] October 30, 2024 Giga-projects Neom raises $24 billion from the private sector The Saudi giga-project Neom has secured SAR60 billion ($16 billion) in private sector funding and SAR30 billion ($8 billion) in loans as it tries to move away from reliance on government cash. The revelation was made by deputy CEO Rayan Fayez to the Future Investment Initiative forum in Riyadh on Wednesday. Fayez said: “What we’ve […] October 30, 2024 Renewable Energy Acwa Power signs $1.8bn deals to promote renewables Saudi renewable energy major Acwa Power has signed agreements worth $1.8 billion to develop renewable energy and battery storage projects, as well as research and development, across the GCC, China, Central Asia and North Africa. The agreements were signed during the Future Investment Initiative conference in Riyadh. The first pact includes a $690 million agreement […] October 30, 2024 Video length: 03:46 Economy PIF renews focus on domestic investment and AI Saudi Arabia’s Public Investment Fund is planning to reduce its foreign investments to around a fifth of its total assets under management, as it focuses on domestic funding and artificial intelligence, its governor said on Tuesday. “Initially we had less than 2 percent of investments internationally, that was with $150 billion assets under management,” Yasir […] October 30, 2024 Sustainability UAE green steel project brushes off hydrogen concerns The UAE has completed a pilot programme looking into the use of green hydrogen to decarbonise the steel industry. UAE steel company Emsteel and renewable energy major Masdar joined forces to produce “green” steel despite increasing concerns over cost, regulations, demand and scalability of the clean energy source. Conventional steel production accounts for around 8 […] October 29, 2024 Development Saudi Arabia to invest $41bn in Africa over next decade Saudi Arabia is providing at least $41 billion in funding for low-income sub-Saharan countries in Africa, the government announced on Monday. Finance minister Mohammed bin Abdullah Al-Jadaan revealed a $1 billion development initiative for Africa, $5 billion for startups from the Saudi Development Fund over the next ten years, $10 billion in financing from the […] October 28, 2024 LUNCH WITH FRANK KANE Finance Richard Attias: ‘I feel more welcome here than in France’ Over a Parisian-length lunch in Riyadh, Richard Attias, CEO of the FII Institute, gives Frank Kane a taster of next week’s record-breaking investment gathering in Saudi Arabia – and explains the failure of leadership in today’s polarised world October 25, 2024 Editor's Insight Economy Labour would do well to heed the Gulf There is still another week to go before UK chancellor Rachel Reeves’s first Budget. The long-awaited statement should set the direction and priorities for the new Labour government over the next four years. And, for Gulf investors and many others, it can’t come soon enough. It has not been the best start for the government […] October 25, 2024 Posts navigation Previous 1 … 23 24 25 … 95 Next
Mining PIF’s Manara seeks long-term deals, not just a ‘quick buck’ The Saudi investment fund Manara Minerals is targeting long-term deals and is not looking to “flip a quick return” during the current market slump, the CEO of its parent company owner has declared. Prices in critical minerals such as lithium, nickel and cobalt have slumped since 2023, after an initial surge as the market recovered […] October 31, 2024
Aviation Riyadh Air takes aim at online travel giants Saudi Arabia’s new airline, Riyadh Air, is to compete with global travel companies such as Booking.com and Expedia by developing a one-stop digital platform for customers to plan and manage entire trips. The website will cover flights, accommodation, car rentals, AI-generated itineraries and tickets to attractions and concerts. It will also include shared shopping cart […] October 31, 2024
Finance PIF to back Brookfield Middle East fund Saudi Arabia’s Public Investment Fund (PIF) plans to back Brookfield Asset Management’s new $2 billion Middle East fund, helping the Canadian investment firm pursue deals in the Gulf. The investment platform, known as Brookfield Middle East Partners, will target $2 billion from a range of investors and intends to focus on buyouts and structured solutions, […] October 30, 2024
Giga-projects Neom raises $24 billion from the private sector The Saudi giga-project Neom has secured SAR60 billion ($16 billion) in private sector funding and SAR30 billion ($8 billion) in loans as it tries to move away from reliance on government cash. The revelation was made by deputy CEO Rayan Fayez to the Future Investment Initiative forum in Riyadh on Wednesday. Fayez said: “What we’ve […] October 30, 2024
Renewable Energy Acwa Power signs $1.8bn deals to promote renewables Saudi renewable energy major Acwa Power has signed agreements worth $1.8 billion to develop renewable energy and battery storage projects, as well as research and development, across the GCC, China, Central Asia and North Africa. The agreements were signed during the Future Investment Initiative conference in Riyadh. The first pact includes a $690 million agreement […] October 30, 2024
Video length: 03:46 Economy PIF renews focus on domestic investment and AI Saudi Arabia’s Public Investment Fund is planning to reduce its foreign investments to around a fifth of its total assets under management, as it focuses on domestic funding and artificial intelligence, its governor said on Tuesday. “Initially we had less than 2 percent of investments internationally, that was with $150 billion assets under management,” Yasir […] October 30, 2024
Sustainability UAE green steel project brushes off hydrogen concerns The UAE has completed a pilot programme looking into the use of green hydrogen to decarbonise the steel industry. UAE steel company Emsteel and renewable energy major Masdar joined forces to produce “green” steel despite increasing concerns over cost, regulations, demand and scalability of the clean energy source. Conventional steel production accounts for around 8 […] October 29, 2024
Development Saudi Arabia to invest $41bn in Africa over next decade Saudi Arabia is providing at least $41 billion in funding for low-income sub-Saharan countries in Africa, the government announced on Monday. Finance minister Mohammed bin Abdullah Al-Jadaan revealed a $1 billion development initiative for Africa, $5 billion for startups from the Saudi Development Fund over the next ten years, $10 billion in financing from the […] October 28, 2024
LUNCH WITH FRANK KANE Finance Richard Attias: ‘I feel more welcome here than in France’ Over a Parisian-length lunch in Riyadh, Richard Attias, CEO of the FII Institute, gives Frank Kane a taster of next week’s record-breaking investment gathering in Saudi Arabia – and explains the failure of leadership in today’s polarised world October 25, 2024
Editor's Insight Economy Labour would do well to heed the Gulf There is still another week to go before UK chancellor Rachel Reeves’s first Budget. The long-awaited statement should set the direction and priorities for the new Labour government over the next four years. And, for Gulf investors and many others, it can’t come soon enough. It has not been the best start for the government […] October 25, 2024
