Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Manufacturing Olayan and Canoo sign deal for electric vehicles in Saudi Saudi Arabian general contracting company GCC Olayan has signed a deal with US electric vehicles maker Canoo for the sale, service and distribution in the kingdom of its EVs. Part of Saudi conglomerate The Olayan Group, GCC Olayan said the partnership was the first step in plans to expand beyond the initial dealership agreement, with […] January 27, 2023 Analysis Business of Sport Middle East continues to dominate football’s rich list Nine of the top 20 clubs in football’s rich list have investment links to the Middle East – and analysts are predicting that Gulf ties will increase in the next few years. Abu Dhabi’s Manchester City retained the No 1 spot in the latest edition of the Deloitte Football Money League, with revenue of €731 […] January 23, 2023 Markets Management consultancy for PIF said to list on Saudi market Saudi-based management consultancy TAM Development Co. is planning an initial public offering (IPO) in the first half of the year, Bloomberg reported, citing CEO Abdullah Yousef. TAM is planning to list on the kingdom’s small-cap market, he added, with plans to move to the main exchange within two years. The consultancy derives most of its […] January 23, 2023 Business of Sport Saudi PIF said to have explored over $20bn bid to buy F1 Saudi Arabia’s Public Investment Fund (PIF) had plans to include Formula 1 motor racing in its growing sports investment portfolio, Bloomberg reported, citing informed sources. A possible deal failed in the early stages last year as F1’s owner Liberty Media Corporation was not interested in selling the F1 franchise, which the Saudi sovereign fund valued […] January 22, 2023 Saudi Arabia Vision 2030 Saudi sets up fund targeting global events sector Saudi Crown Prince Mohammed bin Salman has launched a fund that aims to position the kingdom as a global hub for cultural, tourism, entertainment and sports events. The Events Investment Fund (EIF) will conceptualise, finance and oversee the development of more than 35 venues by 2030, diversifying the Saudi economy and “increasing its share of […] January 17, 2023 Banking & Finance BlackRock’s Larry Fink welcomes rise in Gulf clients BlackRock is attracting more investors from the Middle East, the CEO of the world’s largest asset manager told analysts this month. The US-based firm established a wholly-owned Saudi subsidiary in 2018, opened an office in Riyadh in 2019 and in February 2022 received approval from the market regulator to start managing investments and operating funds […] January 16, 2023 Business of Sport Qatar’s next big match: a Premier League club to call its own Qatar’s reported plan to buy a Premier League football club is the natural next step for the host of the 2022 World Cup, sports business analysts have told AGBI. Less than a month after Argentina lifted the Fifa trophy at the Lusail stadium, Qatar Sports Investment is said to be turning its attentions to English […] January 10, 2023 Tourism Saudi Arabia adds Diriyah to PIF’s gigaproject portfolio Saudi Arabia has added Diriyah project to the portfolio of its sovereign wealth fund, Public Investment Fund (PIF), state-owned SPA news agency reported, citing an announcement by Crown Prince Mohammad bin Salman. PIF’s gigaprojects portfolio includes Neom, Red Sea, Qiddiya and Roshn. The Diriyah gigaproject is expected to create partnerships with the local private sector, […] January 10, 2023 Opinion Energy There’s no quick fix on energy. At PIF, we’re just getting on with it The Saudi sovereign wealth fund's head of energy and utilities explains why the transition to renewables is coming, but can't happen overnight – and why electric cars are older than you think January 9, 2023 Analysis Banking & Finance Rising demand for green bonds, despite ‘bleaching’ Global issuance of green bonds has increased by an average of 70 percent each year between 2016 and 2021. The market for environmental, social and corporate (ESG) governance finance in the Middle East and North Africa (Mena) region remains small compared to elsewhere, but it is growing quickly. Saudi Arabia’s Public Investment Fund issued $3 […] January 6, 2023 Posts navigation Previous 1 … 83 84 85 … 95 Next
Manufacturing Olayan and Canoo sign deal for electric vehicles in Saudi Saudi Arabian general contracting company GCC Olayan has signed a deal with US electric vehicles maker Canoo for the sale, service and distribution in the kingdom of its EVs. Part of Saudi conglomerate The Olayan Group, GCC Olayan said the partnership was the first step in plans to expand beyond the initial dealership agreement, with […] January 27, 2023
Analysis Business of Sport Middle East continues to dominate football’s rich list Nine of the top 20 clubs in football’s rich list have investment links to the Middle East – and analysts are predicting that Gulf ties will increase in the next few years. Abu Dhabi’s Manchester City retained the No 1 spot in the latest edition of the Deloitte Football Money League, with revenue of €731 […] January 23, 2023
Markets Management consultancy for PIF said to list on Saudi market Saudi-based management consultancy TAM Development Co. is planning an initial public offering (IPO) in the first half of the year, Bloomberg reported, citing CEO Abdullah Yousef. TAM is planning to list on the kingdom’s small-cap market, he added, with plans to move to the main exchange within two years. The consultancy derives most of its […] January 23, 2023
Business of Sport Saudi PIF said to have explored over $20bn bid to buy F1 Saudi Arabia’s Public Investment Fund (PIF) had plans to include Formula 1 motor racing in its growing sports investment portfolio, Bloomberg reported, citing informed sources. A possible deal failed in the early stages last year as F1’s owner Liberty Media Corporation was not interested in selling the F1 franchise, which the Saudi sovereign fund valued […] January 22, 2023
Saudi Arabia Vision 2030 Saudi sets up fund targeting global events sector Saudi Crown Prince Mohammed bin Salman has launched a fund that aims to position the kingdom as a global hub for cultural, tourism, entertainment and sports events. The Events Investment Fund (EIF) will conceptualise, finance and oversee the development of more than 35 venues by 2030, diversifying the Saudi economy and “increasing its share of […] January 17, 2023
Banking & Finance BlackRock’s Larry Fink welcomes rise in Gulf clients BlackRock is attracting more investors from the Middle East, the CEO of the world’s largest asset manager told analysts this month. The US-based firm established a wholly-owned Saudi subsidiary in 2018, opened an office in Riyadh in 2019 and in February 2022 received approval from the market regulator to start managing investments and operating funds […] January 16, 2023
Business of Sport Qatar’s next big match: a Premier League club to call its own Qatar’s reported plan to buy a Premier League football club is the natural next step for the host of the 2022 World Cup, sports business analysts have told AGBI. Less than a month after Argentina lifted the Fifa trophy at the Lusail stadium, Qatar Sports Investment is said to be turning its attentions to English […] January 10, 2023
Tourism Saudi Arabia adds Diriyah to PIF’s gigaproject portfolio Saudi Arabia has added Diriyah project to the portfolio of its sovereign wealth fund, Public Investment Fund (PIF), state-owned SPA news agency reported, citing an announcement by Crown Prince Mohammad bin Salman. PIF’s gigaprojects portfolio includes Neom, Red Sea, Qiddiya and Roshn. The Diriyah gigaproject is expected to create partnerships with the local private sector, […] January 10, 2023
Opinion Energy There’s no quick fix on energy. At PIF, we’re just getting on with it The Saudi sovereign wealth fund's head of energy and utilities explains why the transition to renewables is coming, but can't happen overnight – and why electric cars are older than you think January 9, 2023
Analysis Banking & Finance Rising demand for green bonds, despite ‘bleaching’ Global issuance of green bonds has increased by an average of 70 percent each year between 2016 and 2021. The market for environmental, social and corporate (ESG) governance finance in the Middle East and North Africa (Mena) region remains small compared to elsewhere, but it is growing quickly. Saudi Arabia’s Public Investment Fund issued $3 […] January 6, 2023
