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AIMCo’s Home Province Pipeline Interest Chafes With Net Zero Ambitions

26th January, 2024

Alberta state-owned investor AIMCo is set to go against the grain on the sustainability agenda with its rumored desire to invest in the Trans Mountain oil pipeline.

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Gaza Conflict Poses Challenges for UAE's post-Abraham Accord Investments

27th November, 2023

Just a month before the Hamas attacks of October 7th, the UAE marked the third anniversary of its normalization of ties with Israel – now geopolitical risk is creating obstacles to developing bilateral economic relations.

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Fund of the Month (Oct'23): Fórum de Fundos Soberanos Brasileiros (FFSB)

1st October, 2023

The most active Latin American country in terms of new SWFs is Brazil, where several cities and states have set up their own savings vehicles, under the umbrella of FFSB. We were delighted to catch up with Dr. Fernanda Feil and Mr. Leandro Ferreira, Co-Directors of the Forum.

PIF Boosted to US$730bn As Its VC Arm Takes Aramco Stake

17th April, 2023

Saudi Arabia’s Public Investment Fund continues its rapid ascent with total assets under management estimated at US$730 billion, following the transfer of a 4% stake in the oil giant Saudi Aramco to the sovereign wealth fund’s wholly owned subsidiary, Sanabil Investments.

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QIA Gets Ready to Invest Gas Windfall

23rd February, 2023

The Qatar Investment Authority (QIA) is set for a big cash injection from the Gulf state’s natural gas bonanza, just as the fund is pushing ahead with an investment strategy that increasingly focuses on venture capital.

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Iran's SWF Becomes Central to Geopolitics in South America

23rd January, 2023

Iran’s sovereign wealth fund is help strengthen the country’s political and economic bonds with Venezuela with the US$139 billion National Development Fund of Iran (NDFI) in an usual act of soft power diplomacy.

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Oil Revenue Liquidity Boost for GCC Stock Markets Lifts Gulf Funds

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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What does a Lula Victory Mean for Sovereign Investors in Brazil?

9th September, 2022

The front-runner in the Brazilian presidential election Lula da Silva looks set to take aim at the privatization of the country’s refineries, putting him on collision course with Abu Dhabi sovereign wealth fund Mubadala.

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IPO of Kazakhstan’s Oil Company Will Fund Samruk-Kazyna’s Economic Diversification Push

22nd August, 2022

Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, is preparing to float a stake in oil company KazMunayGas (KMG) to raise “hundreds of million of dollars”, which will help fund a pipeline of projects including the development of renewable energy.

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Iran’s SWF is at US$ 139 billion and is ready to shine

13th June, 2022

Last Saturday, the National Development Fund of Iran (NDFI) unveiled a secret the international press had long wondered about: the current state of its balance sheet. And to the surprise of many, the number was US$ 139 billion, including US$ 110 billion in loans and US$ 29 billion in cash. According to Global SWF ranking, that makes it the world’s 17th largest SWF.

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Israel Finally Launches Sovereign Fund from Gas Windfall Profits

31st May, 2022

Israel’s plan to launch a sovereign wealth fund – the Israel Citizens’ Fund (ICF) – is finally going ahead on Wednesday (June 1st) after years of delays and reduced expectations.

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Gulf SWFs Set for Oil Windfall as Ukraine Crisis Boosts Crude Prices

5th March, 2022

With crude prices soaring past US$100/b amid geopolitical risks generated by Russia’s invasion of Ukraine, sovereign wealth funds in the Gulf region are set to be flush with liquidity and free from fiscal pressures.

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