A proposal to set up a Saudi Arabian sovereign wealth fund attracted debate at a meeting of the kingdom's influential Shura council advisory body but failed to yield a result, state media reported.
A report by the council'
Bahraini sovereign fund Mumtalakat has no current plans to tap the debt capital markets in 2014 and will pay off a small loan facility due later in the year, its chief executive said on Tuesday.
One of the smaller sovereign wealth
Bahrain sovereign fund Mumtalakat said on Wednesday its net loss for 2012 narrowed by 32.9 percent as improved performance by its financial services and telecommunications portfolio partly offset lower revenue from its aluminium unit.
Bahrain's $9 billion sovereign wealth fund Mumtalakat appointed Mahmood Hashem Al-Kooheji as its new chief executive on Wednesday.
He replaces Talal Al Zain who resigned last month to set up his own investment firm.
Kooheji, who wa
Bahrain sovereign wealth fund Mumtalakat will continue to financially support Gulf Air even though the loss-making carrier will be a drag on its 2011 earnings, the fund's chief executive said.
Mumtalakat, which bundles Bahrain's non-oil st
Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund estimated to be the world's largest, on Monday named Ted Chu from US automaker General Motors as its chief economist.
Chu, will be based in Abu Dhabi and will be responsible
Bahrain's sovereign wealth fund Mumtalakat is focussing on further improving its corporate governance before getting a credit rating and is relaxed about a parliamentary probe, its chief executive said.
Talal Al Zain told Reuters in an int
Abu Dhabi Investment Authority (Adia), considered the world's largest sovereign wealth fund, still sees big risks to the global economy and plans to refine its investment approach to cope with downturns.
In an interview published in German
Major sovereign wealth funds are holding off big investments abroad expecting markets to fall further this year, with some focusing on investing at home to stimulate economies in the wake of a global crisis, a survey showed.