Sovereign wealth funds

Saudi Arabia Tops Sovereign Wealth Spending League, Snatches the Spot From Singapore

Saudi Arabia's Public Investment Fund (PIF) has emerged as the world's most active sovereign investor in 2023, with deals worth billions of dollars.


IMF, World Bank Approve Historic $4.5 Billion Debt Relief for Somalia

The International Monetary Fund (IMF) and World Bank have approved $4.5 billion in debt forgiveness for Somalia...

Sebi upgrading surveillance for CommExes

India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading f..

BC Clean-tech alliance seeks $500-mln fund from Trudeau

B.C. clean-tech companies have requested Prime Minister Justin Trudeau to allocate a $500 million venture capital (VC) fund. An alliance comprising 51 clean-tech and investment firms from B.C. provinc..


Latest News

GrabTaxi closes Series A round to conquer Southeast Asia
Kuala Lumpur, Malaysia-based taxi app GrabTaxi closed its Series A round with more than $1 million from Singaporean state-owned investment firm Vertex Ventures to conquer Southeast Asia.
Dubai's sovereign wealth fund acquires stake in Kerzner International
Dubai's sovereign wealth fund, Investment Corp of Dubai, has bought a stake in Kerzner International but did not disclose information regarding the terms of the deal, reported Reuters.
Spanish lender BMN to sell shares to pay back state-back rescue fund
Banco Mare Nostrum has intended to sell its shares before the deadline of the state funded bailout aid it received before the 2017 deadline.
Varun Beverages to expand in Africa and South Asia with USD300 million investment
Varun Beverages planned to invest USD300 million for a business expansion in South Asia and Africa, reported Ventures Africa.
US-based solar-panel robotics startup Brittmore bags $1M in government grant
San Jose, US-based solar-panel robotics startup Brittmore Group bagged $1 million in a recent grant from the Department of Energy to automate the construction of solar power plants.
Singapore's sovereign wealth fund GIC backs Intelligent Energy Holdings with $63M
GIC, a sovereign wealth fund in Singapore that manages its foreign reserves, has supported UK-based Intelligent Energy Holdings with $63 million, a statement about the funding said.
US Energy Department awards $17M to clean energy businesses
The US Office of Energy Efficiency and Renewable Energy (EERE) awarded $17 million to clean energy businesses across 13 states to tackle the big problem of energy consumption.
Temasek Holdings said to be in advanced discussions for substantial Watson stake purchase
Citing sources, The Wall Street Journal reported that Singapore state investment firm Temasek Holdings was in advanced discussions for a "strategic" stake acquisition of Li ka-shing's health and beaut
Mayor Nutter announces grants for five startups that promote entrepreneurship in Philadelphia
Mayor Michael Nutter announced the five startups in Philadelphia that will each receive a $25,000 grant from the Commerce Department's Startup PHL Call for Ideas to promote entrepreneurship in the cit
Norwegian sovereign wealth fund to invest in renewable energy
Norway announced that it is letting its sovereign wealth fund World Wildlife Fund (WWF) lead a major investment in the renewable energy sector of the country to reduce greenhouse gas emissions.
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