The movement of funds from Saudi Arabia to the PIF from SAMA, as the central bank is known, indicates that the role of the central bank could be gradually shifting, Mohamad Al Hajj, Dubai-based equity strategist for the Middle East and North Africa at EFG-Hermes U.A.E. Ltd.
Funding
Singapore Penalizes Banks For 1MDB Linkages
The country of Singapore regulators said Friday they will fine two banks a total of over $5.3 million for having breached money laundering rules in dealings with an indebted Malaysian state fund.
Quadria Capital To Use $300 Million Fund To Close Deals In Asia
Quadria Capital, a healthcare focused private equity firm, is in the process of closing out deals in four companies in Southeast Asia. Its investments are mostly on pharmaceutical and healthcare corporations.
Climate Change Taps Fund Managers From Apparel Stocks
Climate change wakes up world retailers. The unexpected twist in the climate have marked the retailers' long rely on sales of high-margin winter coats and boots to boost annual profits, but with the season becoming shorter and warmer, U.
European Union Strengthens Defense, Plans 5 Billion Euro Fund
The European Union revealed its plan to invest EUR 5 billion for a common defense fund. The funding will strengthen the continent’s military capabilities and let the governments invest on military research.
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Volkswagen, its Audi and Porsche luxury brands, BMW, Daimler, and Ford’s European division have joined forces to build more electric car charging sites across Europe. The joint venture wants to create 400 charging sites next year in order to boost the demand on electric vehicles.
The death of long-time Cuban leader Fidel Castro pave the way for funds intended for Cuba's fortune.
Jill Stein has already raised $6.3 million for her call for an election recount, close to the target of $7 million. The fund will be used to cover for the expenses in the recount for votes in Wisconsin, Michigan and Pennsylvania.
Children of the Apostolic Christian Church of Tremont join efforts to raise funds for the Journal Star Christmas Fund. The sum collected will benefit those who live in central Illinois. The Sunday School aims to educate the children of the significance of giving at an early age.
The pension funds of biggest accounts are on a lax with Donald Trump as the president. Donald Trump as the unconventional president-elect's victory is helping Japan's giant pension fund in two important ways.
The Giving Fund returns for its 33rd year of providing help to individuals in need. This has been a tradition every holiday season.
Governor Susana Martinez stands firm in telling new lawmakers not to tap on the state's permanent fund to resolve budget deficit. There have been moves towards increasing fund distribution for education.
President-elect Donald Trump holds meetings with media executives as his inauguration draws near. He stated that he will be accepting donations from big corporations and individuals for the activities surrounding his inauguration.
To save its economy, Connecticut approves aid package for its 2nd hedge fund which will grant benefits to the people and the current industry.
