6th November, 2024
Singapore and Abu Dhabi have seen their relationship grow in recent years, with their respective state-owned investors playing a crucial role in the developing economic partnership between the two countries, which enjoyed a non-oil bilateral trade approaching US$6 billion last year.
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4th November, 2024
Saudi Arabia’s Public Investment Fund (PIF) is taking a majority stake of the Middle East’s biggest broadcaster, which was originally nabbed by the government in the palace purge that was staged exactly seven years ago today.
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19th September, 2024
A ruling by the EU’s highest court, the European Court of Justice (ECJ), has demanded that tech giant Apple pays the Irish government EUR13 billion (US$14 billion) in back taxes, claiming that it benefitted from an illegal tax break.
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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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10th September, 2024
Despite being the world’s biggest economy attracting the bulk of sovereign capital, the US lacks a federal-level sovereign wealth fund of its own – but this could all be about the change with rivals in the presidential election pitching their visions of state capitalism.
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8th August, 2024
Libya’s sovereign wealth fund was one of the victims of the collapse of order in the North African state, restricted by sanctions and legal disputes since the fall of Muammar Qaddafi’s regime amid the 2011 Arab Spring uprisings and the resulting civil war.
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17th July, 2024
An agreement by three major Chinese green energy manufacturers to build production plants in Saudi Arabia is the latest episode in a good news story for Sino-Arabian economic relations, but the US's wariness of Saudi reliance on Chinese technological transfer could put Saudi Arabia’s Public Investment Fund (PIF) in a dilemma.
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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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13th February, 2024
The Libyan Investment Authority (LIA) is flexing its financial muscles as it edged out of a UN sanctions regime with news that it is preparing a hostile takeover of South Africa’s Legacy Hotels via its Libyan African Investment Company (LAICO) subsidiary’s Ensemble Hotel brand.
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12th February, 2024
The decision by Mubadala-backed AI investor G42 to pull out from China reveals a growing wariness about upsetting US regulators, following Committee on Foreign Investment in the United States’ (CFIUS) decision last year to put the Abu Dhabi sovereign wealth fund’s takeover of US asset manager Fortress Investment Group under the spotlight.
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16th January, 2024
The Red Sea region is at significant risk of conflict escalation amid Houthi attacks on ships and retaliation by the US, UK and their partners in Operation Prosperity Guardian to protect global supply chains - and this puts Gulf sovereign wealth funds' investments in the region at increasing risk as conflict escalates.
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12th January, 2024
Taiwan braces for a landmark presidential election tomorrow, January 13, setting the future course for Cross-Strait relations amid escalating US-China tensions and a recovering global economy. This is a high-stakes election for Taiwan, a prosperous territory claimed by China. The election results will have potential repercussions for regional stability and global markets.
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