Real Estate Oman’s sovereign wealth fund splits into two portfolios By Reuters April 24, 2022, 10:33 AM The Oman Investment Authority (OIA) has split its assets into local and foreign portfolios. The “Generation Portfolio” consists of foreign assets including real estate aims at achieving the greatest returns for future generations. The “National Development Portfolio” is concerned with managing local assets and more than 160 Omani companies, and aims to contribute to the growth and development of the economy, in addition to supporting the state’s general budget through dividends, privatisation proceeds, and treasury management. Oman established the OIA in 2020 to own and manage most of its sovereign wealth fund and finance ministry assets.
Transport Morocco to invest $4bn in airport expansion Morocco will invest MAD42 billion ($4.1 billion) in airport expansion by 2030, the country’s transport and logistics minister has said. The investment aligns with the strategy to strengthen the country’s airports as a global gateway, Morocco World News reported citing Abdessamad Kayouh. The investments intend to modernise major airports, including Casablanca, Rabat, Tangier, Marrakesh, Fez, […] 3 hours ago
Energy Oil slips after Trump calls on Opec to lower prices Oil prices were down on Friday after newly inaugurated US President Donald Trump on Thursday drew a direct link between persistently high inflation and global oil prices during video remarks before the World Economic Forum in Davos, Switzerland. Trump said he intends to address the problem by boosting domestic production and by asking “Saudi Arabia […] 3 hours ago
Finance Global trade will grow in 2025 despite tariff threats, says UAE minister Global trade is expected to grow in 2025 despite threats by US President Donald Trump to impose new import tariffs, UAE’s minister of state for foreign trade Thani Al Zeyoudi has said. The momentum in foreign trade and global trade is growing, he told Bloomberg Television at the World Economic Forum in Davos, Switzerland. “Trump is […] 3 hours ago
Banking & Finance Credit and debit card use rises steeply in Turkey Cash could be dethroned as king in Turkey as consumers increasingly turn to plastic when paying for goods and services. But the rise in card usage also comes at a cost, as more Turks fall behind in servicing their debt. Credit and debit card spending reached a total of TL14.87 trillion ($420 billion) in 2024, […] 3 hours ago
