The Saudi Fund for Development will finance Pakistan's oil derivatives worth $1 billion, Pakistan's economic affairs division said on Thursday.The fund's chief executive, Sultan Abdulrahman Al-Marshad, signed an agreement pledging the financing on Thursday with Pakistan's secretary of ministry of economic
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Saudi Arabia's wealth fund raises Nintendo stake to 6%TOKYO : Saudi Arabia's Public Investment Fund (PIF) has increased its stake in Japan's Nintendo Co Ltd to 6 per cent, a filing showed on Thursday, reflecting the sovereign wealth fund's growing exposure to the Japanese video gaming industry.PIF's stake in the Kyoto-based company has risen from 5.01 per ce
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M3gan sequel and unrated version reportedly in developmentNobody was expecting an AI companion to take the movie world by storm, but M3gan is just built different. The surprise horror hit has been slaying at the box office, and it seems there are already plans for a sequel, as well as an unrated version. 'No shade to Universal, love them, and I understand that once the trailer went...
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Venom, Iceberg set up US$1 billion fund to invest in blockchain firms amid crypto winterBlockchain firm Venom Foundation and Abu Dhabi-based investment manager Iceberg Capital Ltd on Wednesday launched a US$1 billion crypto venture fund and said it was leading a US$20 million funding round in virtual world platform Nümi Metaverse. The fund, called Venom Ventures Fund (VVF), aims to invest in
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UK startup Britishvolt investors submit bid to rival Indonesian fund offer: FTThree early investors of UK battery start-up Britishvolt have submitted an offer worth 30 million pounds ($36.38 million) to the company's board, matching the bid made by Indonesia-linked investment fund DeaLab Group, the Financial Times reported citing two people familiar with the matter. Britishvolt did
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South Korea plans fund to compensate forced labour victimsSEOUL: South Korean officials are considering creating a domestic fund to compensate Koreans who were enslaved by Japanese companies before the end of World War II, as they desperately try to repair relations with Tokyo that have deteriorated in recent years over historical grievances. The plan, revealed d
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Marcos to raise proposed Philippine sovereign wealth fund at Davos meetThe seed money will be sourced from government financial institutions because Philippines does not have excess funds like other nations. Read more at straitstimes.com.
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