You Searched For "PIF deal" and got 20 results
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2 mins read
Reliance gets $1.5 billion from Saudi for Jio even as the $15 billion Aramco deal waits in the wings
“We believe that the potential of the Indian digital economy is very exciting and that…
2 mins read
Saudi-backed $2 billion health firm Babylon is selling its Canada operations as part of a $70 million licensing deal
Babylon originally partnered with Telus in 2019 to offer virtual appointments with doctors via its …
Shona Ghosh
2 mins read
Saudi Arabia's sovereign wealth fund has made a fortune on Lucid Motors — but missed out on another windfall by selling Tesla stock
The country's Public Investment Fund owns Lucid stock worth $46 billion, but dumped Tesla stock tha…
Theron Mohamed
4 mins read
Mukesh Ambani cashes in yet another cheque from PIF — Saudi Arabia’s sovereign fund to invest $1.3 billion in Reliance Retail
Reliance Retail has raised $1.3 billion from Saudi Arabia’s sovereign fund – Public Investment Fund…
2 mins read
A member of the PGA board responsible for approving LIV deal resigns after concerns over Saudi Arabia's role in Jamal Khashoggi's death, report says
Randall Stephenson resigned from PGA Tour's policy board, which consists of 10 people and is respon…
Lloyd Lee
3 mins read
Saudi wealth fund PIF buys 2.32% stake in Jio Platforms for Rs 11,367 cr
Yasir Al-Rumayyan, Governor of PIF, commented: "We are delighted to be investing in an innovative …
PTI
2 mins read
Mukesh Ambani beats Warren Buffett on the list of billionaires
Ambani’s latest deal with petroleum giant BP of $1 billion has given him the latest jump in rank…
2 mins read
Reliance Jio gets ₹1894.5 crore from Intel Capital – the 12th investment in 11 weeks
Reliance Jio has announced its 12th investment – ₹1894.5 crore ($253.5 million) from Intel Capital …
3 mins read
As Trump deals with the hangover of his presidency, Jared Kushner is striking out alone, touring the Middle East and soliciting funds for his new PE firm
Jared Kushner is soliciting funds for his new private equity firm and making use of the links he fo…
Bill Bostock
2 mins read
Reliance to spin off its Oil-to-Chemicals business for new partnerships – Mukesh Ambani says Saudi Aramco deal is still in the works
Reliance chairman Mukesh Ambani said that Reliance will spin off its Oil-to-Chemicals business, mak…
2 mins read
Saudi Arabia is pulling back on a global spending spree to focus on its own projects
Saudi Arabia's Public Investment Fund chief said the kingdom is changing its relationship with fore…
Polly Thompson
5 mins read
Saudi Arabia is on a high-stakes mission to buy the world
The Kingdom's sovereign wealth fund has risen in prominence as it has invested in everything from U…
Hasan Chowdhury
3 mins read
Saudi Arabia just stepped up plans to court the world's AI leaders to its desert kingdom
The Middle East kingdom is betting big on AI as it races against the clock to diversify its economy…
Hasan Chowdhury
2 mins read
Saudi Arabia's futuristic $500 billion Neom megacity just got a lot smaller ... for now, report says
The Neom megacity is part of Saudi Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify…
Nathan Rennolds
3 mins read
The wildest demand Saudi Arabia made as part of its potential investment (takeover?) in the PGA Tour: get LIV Golf's Saudi boss a Masters green jacket
Congress grilled the PGA Tour about its bid to join forces with LIV Golf and accept Saudi Arabian i…
Cork Gaines
3 mins read
The global golf megamerger looks even more confounding after a 3-hour grilling in front of Congress
Big questions remain, especially as to why the PGA Tour took the Saudi money without looking elsewh…
Cork Gaines
2 mins read
PGA Tour once called LIV Golf a vehicle to 'sportswash Saudi atrocities.' It seems not to matter now they're merging.
Saudi Arabia invested in billions in sports including golf, which its critics say is an attempt to …
Tom Porter
2 mins read
Elon Musk's lawyers subpoena head of Saudi Arabia's $620 billion wealth fund for Tesla 'funding secured' tweets case
Text messages disclosed in April showed Musk raging at Yasir Al-Rumayyan for not supporting his eff…
George Glover
1 min read
Boeing and Airbus facing off to win 80-aircraft order for new Saudi airline, report says
Saudia Arabia is launching a national airline and negotiating with Boeing and Airbus for 80 new pla…
Stephen Jones
2 mins read
Elon Musk accuses a major Saudi investor of 'ass-covering' in a trial over his 'funding secured' Tesla tweet
Elon Musk testified for a second day in a shareholder trial, blaming Saudi investor Yasir Al-Rumayy…