Saudi sovereign wealth fund takes US$11bn loss amid global market downturn
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), experienced an US$11 billion loss in its investments in 2022.
July 13, 2023Section
Middle East
Iranian and Kenyan presidents sign trade agreement to strengthen ties
During Iranian President Ebrahim Raisi's inaugural visit to Kenya, both Iran and Kenya signed multiple trade agreements, demonstrating their commitment...
July 12, 2023
Persian Gulf wealth funds predicted to allocate up to US$2 trillion of their investments to China by 2030
China is actively strengthening its economic ties with Middle Eastern countries, marked by multi-billion dollar investments from Chinese companies.
July 9, 2023
Santiago Peña’s global quest: strengthening Paraguay’s relations with the UAE and Taiwan
Paraguay's president-elect, Santiago Peña, has embarked on a significant international trip to the United Arab Emirates (UAE) and Taiwan. This...
July 9, 2023
Shanghai Cooperation Organization summit shows divergent interests
Last week, India virtually hosted the Shanghai Cooperation Organization (SCO) summit, which saw attendance from influential leaders, including Russian President...
July 8, 2023
Turkey and Egypt break decades of silence and restore diplomatic relations
In a significant move towards normalizing relations, Turkey and Egypt have exchanged diplomats for the first time in a decade,...
July 4, 2023
Gulf monarchies seek alliances in South Pacific, actively leveraging their wealth
Oil-rich Gulf monarchies, including Saudi Arabia and the United Arab Emirates (UAE), are actively leveraging their wealth to gain influence...
June 29, 2023
Nicaraguan parliament ratifies agreement with Iran
The National Assembly of Nicaragua, controlled by the Sandinista rulers, has ratified agreements signed between Nicaragua and the Islamic Republic...
June 29, 2023
Saudi Arabia’s PIF sovereign wealth fund in advanced talks to acquire stake in Vale’s base metals unit
According to a recent Bloomberg report, the Public Investment Fund (PIF) of Saudi Arabia is the leading candidate to buy...
June 20, 2023