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Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
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Bhutan Explores Green Crypto Mining To Boost Economy, Curb Brain Drain
The Himalayan nation of Bhutan is exploring ways to mine and leverage green cryptocurrencies using hydropower to boost its economy and create jobs to reduce brain drain, the chief executive of its sovereign wealth fund said.
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Binance Sells Minority Stake to Abu Dhabi’s MGX Sovereign Wealth Fund for $2 Billion
Abu Dhabi-based MGX wealth management fund has acquired an undisclosed stake in Binance for $2 billion (roughly Rs. 17,403 crore). According to Binance co-founder Changpeng Zhao, this marks the platform’s first institutional investment.
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"Trump Is A Problem Solver": Top Russian Official Ahead Of Riyadh Talks
The head of Russia's sovereign wealth fund on Tuesday described US President Donald Trump as a problem solver ahead of US-Russian talks in Saudi Arabia.
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Trump Says Newly Created US Sovereign Wealth Fund Could Buy TikTok
U.S. President Donald Trump signed an executive order on Monday ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund and said it may purchase TikTok.
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Adani Energy Raises $1 Billion, Gets Bids From US Investors, Sovereign Wealth Funds
Adani Energy Solutions raised $1 billion through a share sale, which got bids from US investors and sovereign wealth funds, the power distribution company said on Monday.
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Women's Tennis Signs 'Multi-Year Partnership' With Saudi Investment Fund
The women's tennis tour (WTA) on Monday announced "a multi-year partnership" with the Saudi Arabian sovereign wealth fund (PIF), emulating a deal made by the men's tour (ATP) in February.
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Newcastle United Hit Aston Villa For 5 In Opening Premier League Game
Newcastle finished fourth last season to qualify for the Champions League for the first time in 20 years and their rise under the control of the Saudi sovereign wealth fund shows no sign of stopping.
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India Overtakes China As Most Attractive Market For Investing: Report
India has overtaken China as the most attractive emerging market for investing for sovereign wealth funds in 2023 due to its solid demographics, political stability and proactive regulation, a report said today.
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Cristiano Ronaldo Puts End To Saudi Exit Rumours, Pledges To Stay Another Season
Reports have linked a string of other big names to the Saudi Pro League thanks to the riches of the Public Investment Fund, the sovereign wealth vehicle behind LIV Golf and the purchase of Premier League club Newcastle United, as well as Ronaldo's signing.
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Tata Motors in Talks to Sell Minority Stake in Its EV Division, Intends to Raise Up to $1 Billion: Report
Tata Motors is in talks with sovereign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division, Economic Times newspaper reported on Thursday, citing sources.
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Qatari Bid For Manchester United Poses Questions Over PSG's Future
QSI, a subsidiary of the Qatar Investment Authority, the Gulf state's sovereign wealth fund, gained control of the French club in 2011 for just 70 million euros ($74.7m at the current exchange rate).
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Norway Wealth Fund Sells $200 Million Worth Stake In Adani Group Firms
"Since year-end, we have further reduced in Adani companies. We have no exposure left," Christopher Wright, sovereign wealth fund's head of ESG risk monitoring, told a news conference.
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"Was Told Saudi Crown Prince Was On Board": Elon Musk In Tesla Tweet Trial
Elon Musk on Monday told jurors that his 2018 tweet about taking Tesla private at $420 a share was no joke and that Saudi Arabia's sovereign wealth fund was serious about helping him do it.
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Kotak Investment Advisors Raises $500 Million For $1 Billion Real Estate Fund
Kotak Mahindra Group's asset management arm said on Tuesday it secured a $500 million investment from a unit of the UAE-based sovereign wealth fund Abu Dhabi Investment Authority (ADIA) for its $1 billion real estate fund.
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Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
-
Bhutan Explores Green Crypto Mining To Boost Economy, Curb Brain Drain
The Himalayan nation of Bhutan is exploring ways to mine and leverage green cryptocurrencies using hydropower to boost its economy and create jobs to reduce brain drain, the chief executive of its sovereign wealth fund said.
-
Binance Sells Minority Stake to Abu Dhabi’s MGX Sovereign Wealth Fund for $2 Billion
Abu Dhabi-based MGX wealth management fund has acquired an undisclosed stake in Binance for $2 billion (roughly Rs. 17,403 crore). According to Binance co-founder Changpeng Zhao, this marks the platform’s first institutional investment.
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"Trump Is A Problem Solver": Top Russian Official Ahead Of Riyadh Talks
The head of Russia's sovereign wealth fund on Tuesday described US President Donald Trump as a problem solver ahead of US-Russian talks in Saudi Arabia.
-
Trump Says Newly Created US Sovereign Wealth Fund Could Buy TikTok
U.S. President Donald Trump signed an executive order on Monday ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund and said it may purchase TikTok.
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Adani Energy Raises $1 Billion, Gets Bids From US Investors, Sovereign Wealth Funds
Adani Energy Solutions raised $1 billion through a share sale, which got bids from US investors and sovereign wealth funds, the power distribution company said on Monday.
-
Women's Tennis Signs 'Multi-Year Partnership' With Saudi Investment Fund
The women's tennis tour (WTA) on Monday announced "a multi-year partnership" with the Saudi Arabian sovereign wealth fund (PIF), emulating a deal made by the men's tour (ATP) in February.
-
Newcastle United Hit Aston Villa For 5 In Opening Premier League Game
Newcastle finished fourth last season to qualify for the Champions League for the first time in 20 years and their rise under the control of the Saudi sovereign wealth fund shows no sign of stopping.
-
India Overtakes China As Most Attractive Market For Investing: Report
India has overtaken China as the most attractive emerging market for investing for sovereign wealth funds in 2023 due to its solid demographics, political stability and proactive regulation, a report said today.
-
Cristiano Ronaldo Puts End To Saudi Exit Rumours, Pledges To Stay Another Season
Reports have linked a string of other big names to the Saudi Pro League thanks to the riches of the Public Investment Fund, the sovereign wealth vehicle behind LIV Golf and the purchase of Premier League club Newcastle United, as well as Ronaldo's signing.
-
Tata Motors in Talks to Sell Minority Stake in Its EV Division, Intends to Raise Up to $1 Billion: Report
Tata Motors is in talks with sovereign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division, Economic Times newspaper reported on Thursday, citing sources.
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Qatari Bid For Manchester United Poses Questions Over PSG's Future
QSI, a subsidiary of the Qatar Investment Authority, the Gulf state's sovereign wealth fund, gained control of the French club in 2011 for just 70 million euros ($74.7m at the current exchange rate).
-
Norway Wealth Fund Sells $200 Million Worth Stake In Adani Group Firms
"Since year-end, we have further reduced in Adani companies. We have no exposure left," Christopher Wright, sovereign wealth fund's head of ESG risk monitoring, told a news conference.
-
"Was Told Saudi Crown Prince Was On Board": Elon Musk In Tesla Tweet Trial
Elon Musk on Monday told jurors that his 2018 tweet about taking Tesla private at $420 a share was no joke and that Saudi Arabia's sovereign wealth fund was serious about helping him do it.
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Kotak Investment Advisors Raises $500 Million For $1 Billion Real Estate Fund
Kotak Mahindra Group's asset management arm said on Tuesday it secured a $500 million investment from a unit of the UAE-based sovereign wealth fund Abu Dhabi Investment Authority (ADIA) for its $1 billion real estate fund.
