Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil or other commodities.
Category: Public Investment Fund (Saudi Arabia)
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Saudi Arabia and Sports Network DAZN Close to Deal
A unit of the kingdom’s sovereign wealth fund would pay more than $1 billion to buy into DAZN, in the latest sign of its sports ambitions.
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Saudi Arabia May Partner With UFC Owner TKO to Create Boxing League
A company owned by the country’s sovereign wealth fund is poised to team up with TKO, which owns Ultimate Fighting Championship, the kingdom’s latest foray into pro sports.
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Trump Blurs Lines in $20 Billion Data Center Announcement and Other Deals
Even before the start of the new administration, there has been repeated blurring of lines between the federal government efforts and Trump family businesses.
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Kushner’s Fund Has Reaped Millions in Fees, but So Far Returned No Profits
The son-in-law of former President Donald J. Trump has said he has intentionally moved slowly to invest investors’ money, which came primarily from foreign entities.
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Saudi Arabia Extends Its Embrace of the World of Video Games
For struggling American video game companies, Saudi Arabia’s investments in the industry have been hard to resist. Not all gamers are happy about it.
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Trump Organization Signs Contract for New Middle East Tower
The residential high-rise tower in Jeddah is the latest of several developments that the former president’s company has planned for the Middle East.
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Trump Venues Bank on Golf, With Help From Saudi Arabia
The focus of the former president’s hotel business is shifting from big cities to his golf resorts, which are benefiting from a relationship with the Saudi-funded LIV Golf tournaments.
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Saudi Arabia Plans $40 Billion Push Into Artificial Intelligence
The Middle Eastern country is creating a gigantic fund to invest in A.I. technology, potentially becoming the largest player in the hot market.
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PGA Tour and Saudi-Backed LIV Extend Deadline to Finalize Deal
The tentative deal for the men’s golf circuits to join forces had a Dec. 31 deadline, but significant questions remained.