17th July, 2023
Kuwait announced it is launching a new sovereign wealth fund with a strategic domestic economic development mandate, just days after the Minister of Finance quit his post after control of the country’s existing SWF – the US$801 billion Kuwait Investment Authority (KIA) – was transferred to another ministry.
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7th July, 2023
On Thursday and Friday this week, Agaciro Development Fund hosted the second annual meeting of the African Sovereign Investors Forum (ASIF) in Kigali, Rwanda. The Forum was started by Morocco’s Ithmar Capital last year in Rabat in an attempt to increase collaboration among African SWFs, to compare notes of common challenges, and to create appealing, sizeable, Pan-African investment opportunities for foreign (e.g., Middle Eastern) SWFs.
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29th March, 2023
March saw some mega deals and mega sales by sovereign wealth and public pension funds, with significant changes in public market positions as they seek protection from market volatility and high inflation.
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6th October, 2022
While global stock markets are in the doldrums, the energy price hike has fuelled growth in the oil-backed economies in the Arabian Gulf – with sovereign wealth funds receiving a boost in performance.
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28th September, 2022
Abu Dhabi’s US$110 billion state-owned investor ADQ is seizing opportunities in Oman worth over US$8 billion and bolstering bilateral economic and political relations, in partnership with the local US$29 billion sovereign wealth fund Oman Investment Authority (OIA).
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26th September, 2022
The C-suite churn in sovereign investors has shown no sign of abating this year with a total of 16 new CEOs to date, compared to 20 in the whole of 2021.
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24th August, 2022
Qatar is a master of punching above its weight in geopolitical and economic terms, using its natural resource wealth to advantage its influence and connections throughout the world.
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10th August, 2022
Saudi Arabia’s rapidly growing Public Investment Fund (PIF) could become the biggest shareholder in the UK’s busiest airport if it goes ahead with the acquisition of Ferrovial’s 25% stake.
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20th June, 2022
Today, nine SWFs from Africa came together in Rabat, Morocco, to sign a new partnership agreement, creating the “African Sovereign Investors Forum (ASIF)”. All of them except for Ghana Infrastructure Investment Fund (GIIF) were already members of IFSWF, and four of them are also part of One Planet SWF Group.
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10th May, 2022
India has tended to steal the show when it comes to state-owned investors, but a subsidiary of the Kuwait Investment Authority (KIA) has turned its attention to neighbouring Pakistan in a US$750 million agreement to drive its economic development, with renewables at the heart of its strategy.
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1st April, 2022
Despite popular beliefs, the Kuwait Investment Authority (KIA) has one of the highest proportions of female employees among SWFs, at around 50%. One of the main reasons is its Fresh Graduate Training Program, which has since 1995 attracted the best Kuwaiti talent and supported women’s careers. The program is now headed by Ms. Aliah Al-Tameemi, who is the most senior woman at the fund and the first to be named as an executive director in 2017. She oversees a portfolio estimated at over US$ 100 billion in alternative investments, including real estate, infrastructure, private equity and hedge funds, and is the Chairman of infrastructure-dedicated subsidiary Wren House Infrastructure. We had the great pleasure of talking with Ms. Al-Tameemi about her career path, current responsibilities and future goals as a trailblazer of the SWF industry in the Middle East.
8th March, 2022
Today is International Women’s Day and, once again, we have studied in detail the female representation at State-Owned Investors, including SWFs and PPFs. Diversity and inclusion are becoming key parameters in ESG reporting, and funds are putting a lot of effort in recruiting and retaining people of all genders, races and backgrounds. We observe large disparities in the composition of the workforce of the world’s major SOIs
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