Sovereign Wealth Funds
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Ex-Malaysian PM Najib Razak Jailed For 15 Years For Money Laundering
A Malaysian judge sentenced former prime minister Najib Razak to 15 more years in jail on Friday after convicting him of abuse of power and money laundering in a sovereign wealth fund graft scandal.
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Ex-PM To Prison: The Fall Of Malaysia's Najib Razak, Guilty In 1MDB Scandal
After helming the country for nine years, Najib Razak is now behind bars, serving a six-year sentence for graft linked to the plunder of Malaysia's sovereign wealth fund 1MDB.
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Norway's $1.9 Trillion Wealth Fund Sells Off Israeli Assets
Norway's $1.9 trillion sovereign wealth fund has divested from 11 Israeli companies and is terminating all contracts with external managers in Israel following public outcry over its investments linked to the war in Gaza.
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Saudi Arabia's Tourism Shift From Skyscrapers To Mountain Villages
Saudi Arabia's sovereign wealth fund, called the Public Investment Fund (PIF), and private investors are working on master plans costing billions of dollars for projects that can be enjoyed year-round.
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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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Ex-Malaysian PM Najib Razak Jailed For 15 Years For Money Laundering
A Malaysian judge sentenced former prime minister Najib Razak to 15 more years in jail on Friday after convicting him of abuse of power and money laundering in a sovereign wealth fund graft scandal.
-
Ex-PM To Prison: The Fall Of Malaysia's Najib Razak, Guilty In 1MDB Scandal
After helming the country for nine years, Najib Razak is now behind bars, serving a six-year sentence for graft linked to the plunder of Malaysia's sovereign wealth fund 1MDB.
-
Norway's $1.9 Trillion Wealth Fund Sells Off Israeli Assets
Norway's $1.9 trillion sovereign wealth fund has divested from 11 Israeli companies and is terminating all contracts with external managers in Israel following public outcry over its investments linked to the war in Gaza.
-
Saudi Arabia's Tourism Shift From Skyscrapers To Mountain Villages
Saudi Arabia's sovereign wealth fund, called the Public Investment Fund (PIF), and private investors are working on master plans costing billions of dollars for projects that can be enjoyed year-round.
-
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.
-
"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.
-
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.
