President Trump recently issued an executive order to develop a plan for a sovereign wealth fund. But what exactly is a sovereign wealth fund and why does Trump want one?

State-owned utilities firm Saudi Electricity Co (SEC) (Aa3/A/A+ by Moody's/S&P/Fitch), has mandated banks to arrange a series ...

The historical mud-brick city of Diriyah in Saudi Arabia played host to an unusual crowd on Saturday night: art aficionados, ...

Investments by UAE developers in Africa's property sector are expected to rise in the coming years as the continent's economy grows and its population surges, according to experts. Dubai-listed ...

Trump also said that if this fund goes through, the money in it could be used for something like buying TikTok. The app’s ...

The region has become a hot spot for the family’s business. Jared Kushner, the president’s son-in-law, noted last year that ...

The region, long known for its vast oil reserves, is witnessing a new kind of power emerge – the growing influence of sovereign wealth funds ... See also Dubai Duty Free's 2024 Sales Reach Record ...

Representative image OSLO: Norway's sovereign wealth fund said on Wednesday it has bought a 25% stake in a mixed-use property portfolio located in London's Mayfair district for 305.7 million pounds ...

The huge capital needed for AI investments create a good opportunity for deep-pocketed funds like the QIA and other sovereign wealth funds, he added. “We’re seeing series A and B round in the ...

As Trump was inaugurated, longtime Trump supporter Harold Hamm—known for fracking and considered “America’s richest oil man” with over $18.5 billion in wealth running Continental Resources ...

Turkey’s sovereign wealth fund is considering buying the minority stake in Turkcell Iletisim Hizmetleri AS held by LetterOne Holdings SA, which is partly-owned by sanctioned Russian billionaires ...

Tangen told an audience at Davos that the contrarian approach was often best. © 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes ...