The fund contributed $2 billion (Dh7 billion) to the state budget last year, bringing its total contributions to over $15 billion (Dh55 billion) since 2016. These contributions were financed through profits and…
Tag: sovereign
Kuwait’s sovereign wealth fund plans to open office in Saudi Arabia
Al Mudhaf highlighted Saudi Arabia’s increasing investment significance and its growing role in global economic decisions. This move follows a visit by a Saudi business delegation to Doha in May to promote…
Telco du to launch hyperscale cloud, sovereign AI services for UAE government
Dubai: UAE telco Emirates Integrated Telecommunications, also known as du, announced it would deploy Oracle Alloy to offer hyperscale cloud and sovereign AI services for the country’s public sector. The services will…
Investcorp forms $526M venture with leading sovereign wealth funds for US industrial real estate
Mohammed Alardhi, Executive Chairman, Investcorp, said, “This commitment by two of the world’s most reputable sovereign wealth funds underscores the deep trust in our Real Estate platform and teams. We remain strategically…