wealth fund

Saudi Arabia Transfers Billions To Wealth Fund

Saudi Arabia’s King Salman issued a directive to transfer $27 billion to the Public Investments Fund. The allocation to the sovereign wealth fund aims to diversify investments and lessen the country’s dependence on oil revenues.

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Gates urges Norway to place investments from USD800 billion fund to Africa, Asian projects

Philanthropist and Microsoft co-founder Bill Gates suggested the state of Norway should invest a portion of its massive USD800 billion wealth fund to countries in Asia and Africa.

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