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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
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
1 min read
Saudi Arabia's $400 billion sovereign wealth fund reveals billion-dollar stakes in video game stocks, and almost doubled its holdings of US equities in the 4th-quarter
The kingdom's Public Investment Fund bought a $1.06 billion stake in Electronic Arts and a $1.4 bil…
Shalini Nagarajan
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
Churchill Capital Corp IV rockets 20% as rumors of Lucid Motors merger fuel sustained rally
Churchill Capital Corp IV continues to surge on news of a potential merger with Lucid Motors, thoug…
Will Daniel
1 min read
Saudi Arabia's wealth fund plans to raise $7 billion to plow into new investments, report says
The fund seeks to diversify Saudi Arabia's economy away from oil by switching up its investment pri…
Shalini Nagarajan
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
Saudi Arabia's $300 billion wealth fund ditched Facebook, Disney, and Boeing stocks, and poured billions into ETFs in the second quarter
The state-backed Public Investment Fund exited its investments in major US corporates such as Boein…
Shalini Nagarajan
1 min read
Saudi Arabia's PIF buys 2.32% stake in Jio for Rs 11,367 crore
New Delhi, Jun 18 () Saudi Arabia's wealth fund Public Investment Fund (PIF) has bought a 2.32 per …
PTI
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
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
3 mins read
Saudi Arabia spent years investing in global tech firms. Its domestic AI push hopes they'll return the favor.
The kingdom is looking to companies overseas to help it meet its AI ambitions at home after years o…
Hasan Chowdhury
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
Middle East wealth funds are scrambling to rescue their big bets on the future
The sovereign wealth funds of Saudi Arabia and Abu Dhabi have made big bets on tech firms that now …
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
3 mins read
Trump and Biden agree: The US should finally start a sovereign wealth fund
Momentum on both sides of the aisle is picking up to establish an American sovereign wealth fund th…
Lakshmi Varanasi,Katie Balevic
3 mins read
Online vendors generated 15.8 million jobs in India: e-commerce report
"Plugging in data from our survey, we estimate that online vendors generate 15.8 million jobs, …
PTI
1 min read
Saudi Arabia's $500 billion Neom megacity is reportedly seeking new sources of cash
Developers of the Saudi desert megacity are set to issue bonds for the first time, Bloomberg report…
George Glover
1 min read
Saudi Arabia is reportedly trying to plug a $21 billion deficit by selling bonds
Riyadh is pressing ahead with massive spending projects as part of its Vision 2030 economic transfo…
George Glover
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…