Kuwait Investment Authority mulls plans to invest in five companies in Egypt

Kuwait’s sovereign wealth Fund also known as Kuwait Investment Authority (KIA) is planning to makes investment in five companies operating in Egypt, in next coming two years, reports say. Ahmed El-Khatib, Chief Investment Officer at Ekuity Holding, KIA investment arm Read more

Egypt Defense ministry asks local Sovereign Fund to help sell up 90 per cent of Wataniya Petroleum Company

The Egyptian Defense ministry has chosen the country’s Sovereign Fund (SFE) to sell between 80 and 90 per cent of Wataniya Petroleum, a subsidiary of the National Service Products Organization (NSPO), reports say. SFE’s CEO Ayman Soliman told Reuters that Read more

Turkey Wealth Fund in advanced talks with Sweden’s Telia to invest $530m into Turkcell

Turkey Wealth Fund, TWF, is in advanced negotiations with Sweden’s Telia to acquire shares in Turkcell for an investment of $530 million. “Negotiations are still ongoing and are in an advanced stage, but no agreement has yet been reached,” Telia Read more

Qatar: QIA signs initial agreement for London-based Grosvenor House hotel acquisition

The investment arm of Qatar’s sovereign fund, Qatar Invest Authority (QIA) has reportedly agreed to buy London’s iconic Grosvenor House hotel as part of the Gulf country’s economy diversification plan amid its ongoing isolation in the region by neighbors. US Read more