31st October, 2024
Abu Dhabi government-owned investor CYVN is set to buy British supercar manufacturer McLaren from Bahrain’s sovereign wealth fund Mumtalakat, adding to its automotive-oriented portfolio that includes Chinese electric vehicle producer NIO.
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17th September, 2024
Despite persistent economic problems, Egypt is a top investment destination for Gulf sovereign wealth funds that are not only mindful of its long-term potential as an emerging market but also its strategic position in soft power rivalry over the MENA region.
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5th June, 2024
*Bahrain’s sovereign wealth fund Mumtalakat may be a minnow compared to its Saudi, Emirati and Qatari peers, but is swimming towards stronger currents of capital with an agreement forged with the China Investment Corporation (CIC).
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2nd April, 2024
The Gulf region’s sovereign wealth funds have pursued very different strategies towards the rise of electric vehicles.
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26th March, 2024
Saudi Arabia’s Public Investment Fund (PIF) and Bahrain’s Mumtalakat have stumped up more money in their automotive interests in return for equity as they support plans for growth in a challenging market.
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5th March, 2024
Gulf states have tended to use soft power to gain geopolitical influence via economic and cultural relations, particularly in the MENA and Central Asian regions. The cold war within the GCC has subsided with a deal between Doha and a Saudi-led alliance over Qatar’s alleged closeness to the Muslim Brotherhood. Yet, rivalries are still heated and they are vying for regional influence and at a time of heightened geopolitical sensitivities, with this week seeing Saudi Arabia cement its ties with Bahrain via their sovereign funds while Qatar's QIA is deepening its exposure to Uzbekistan.
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20th July, 2023
Middle Eastern sovereign wealth funds are fond of multi-billion-dollar bilateral agreements and this week was no exception with Bahrain’s Mumtalakat party to a US$1.3 billion pledge to invest in the UK economy while the UAE’s ADQ has promised to stump up US$11.5 billion to support the Turkish economy.
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22nd June, 2023
Bahrain’s sovereign wealth fund Mumtalakat has consolidated its hold on British carmaker McLaren by buying stakes from Saudi Arabia’s Public Investment Fund (PIF) and Ares Management for GBP400 million (US$510 million).
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15th July, 2022
Saudi Arabia’s Public Investment Fund (PIF) is continuing its drive in the luxury vehicle markets, becoming the second-largest shareholder in Aston Martin Lagonda.
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30th March, 2022
Most English football fans advocate an independent regulator with the power to ban ownership by sovereign wealth funds or individuals linked with foreign governments, according to a survey of 10,500 supporters of Premier League clubs by The Mail on Sunday newspaper.
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21st March, 2022
Bahrain’s US$18 billion Mumtalakat has undergone a makeover and organizational shake-up, separating assets into portfolios with very different objectives.
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15th December, 2021
Abu Dhabi’s sovereign wealth funds strengthened ties with regional peers as the Emirate’s government cements economic ties with its allies.
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