7th May, 2024
Mubadala is set to break records in Brazil with plans for a US$13.5 billion biofuels project on top of an array of recent commitments to the South American nation, which have surged since President Lula – a past critic of its ownership of the 330,000b/d refinery in Mataripe – took up office for a second time last year.
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19th April, 2024
On Thursday this week, the International Monetary Fund (IMF) published its latest fiscal oil price breakeven in the statistical appendix of its Middle East overview. These are important figures, as they reflect the fiscal situation of the countries in the Gulf Cooperation Council (GCC), when compared to current oil prices.
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5th April, 2024
Lunate Capital, a multi-asset class investment manager backed by Abu Dhabi sovereign wealth fund ADQ and seeded with US$50 billion, has conducted its first major transaction, acquiring a 40% stake in Adnoc Oil Pipelines from BlackRock and KKR.
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20th March, 2024
Sovereign investors are looking to cash in assets, sensing markets are ripe for divestment. Singapore’s Temasek and GIC are the most active sovereign investors in big ticket sales, which are set to net them billions in returns that will be recycled into new strategies.
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18th March, 2024
The eastern Malaysian state of Sarawak’s sovereign wealth fund has appointed its first CEO as it embarks on its mission to build long-term savings for the resource-rich state.
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8th March, 2024
Saudi Arabia’s Public Investment Fund (PIF) is marching towards its end-2025 target of US$1 trillion with a further 8% stake in Aramco transferred to its portfolio by the government, in order to fund the Kingdom’s aggressive economic diversification program.
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15th February, 2024
Mubadala is set to sell its refinery in Mataripe, which represents 10% of Brazil’s total oil refining capacity, back to Petrobras by mid-year as part of a broader initiative that will see the Abu Dhabi sovereign wealth fund partner the national oil company on biofuel projects.
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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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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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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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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.
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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