#FII2017

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The Times
Saudi fund sets out vision for investment powerhouse
25-Oct-2017
Saudi Arabia’s sovereign wealth fund is to increase its assets under management to more than $400 billion by 2020, more evidence of the kingdom’s drive to diversify its oil-dependent economy.

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Bloomberg
Saudi Wealth Fund Plans to Borrow to Double Investment Returns
25-Oct-2017
Saudi Arabia’s sovereign-wealth fund will borrow to boost returns from its investments as it seeks to diversify the kingdom’s oil-dependent economy.

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Reuters
Saudi Arabia's PIF aims to manage over $400 billion in assets by 2020
25-Oct-2017
Saudi Arabia’s Public Investment Fund (PIF) aims to increase its assets under management to 1.5 trillion riyals ($400 billion) by 2020 as part of the country’s Vision 2030, an economic reform plan aimed at boosting private-sector growth and developing non-oil industries.

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CNBC
World's largest money manager sees a ‘market setback’ if tax reform doesn’t pass
24-Oct-2017
  • BlackRock Chairman and CEO Larry Fink says the stock market's next big move will depend on the tax reform plan's fate.
  • "If we did not get tax reform, we would have a market setback," Fink says.

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CNBC
World's largest money manager sees a ‘market setback’ if tax reform doesn’t pass
24-Oct-2017
BlackRock Chairman and CEO Larry Fink believes the stock market's next big move will depend on the fate of President Donald Trump administration's and Congress' tax reform plan.

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Al Arabiya
Alabbar: We will not allow foreign companies to control the market
24-Oct-2017
Commenting on the launch of the noon.com platform in the UAE and the ability of local companies to compete with foreign companies, Emaar Chairman Mohamed Alabbar said: “Any competition is beneficial to the country’s people. Competitive companies cut their prices as soon as we enter the market,” he said.

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The National
IMF warns we'll be toasted, roasted and grilled if climate change not tackled
24-Oct-2017
IMF warns we'll be toasted, roasted and grilled if climate change not tackled

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Bloomberg
Saudi Sovereign Fund CEO on Investment Strategy
24-Oct-2017
Saudi Public Investment Fund CEO Yasir Al-Rumayyan says he will grow assets under management to more than $2 trillion by 2025 and is targeting a return of nine percent. He spoke exclusively to Bloomberg's Erik Schatzker at the Future Investment Initiative in Riyadh, Saudi Arabia. (Source: Bloomberg)

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Reuters
Saudi determined to end oil glut, sees smooth exit for OPEC pact
24-Oct-2017
The world’s top oil exporter Saudi Arabia is determined to reduce inventories further through an OPEC-led deal to cut crude output and raised the prospect of prolonged restraint once the pact ends to prevent a build up in excess supplies.

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The National
Saudi Aramco IPO in 2018 still on the cards, PIF official says
24-Oct-2017
The initial public offering of Saudi Aramco, slated for 2018, is on track and Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), will not exit its conventional investments as it focuses on diversifying its revenue streams, its chief executive said.

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Reuters
Saudi energy minister says flexible, options open on OPEC oil pact
24-Oct-2017
Saudi Energy Minister Khaled al-Falih said on Tuesday that there was flexibility and options were open on an OPEC-led oil output reduction agreement.

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Bloomberg
Saudi Arabia to Build New Mega City on Country's North Coast
24-Oct-2017
Crown Prince Mohammed bin Salman announced plans to build an entirely new city called "NEOM" on Saudi Arabia’s Red Sea coast, the latest mega-project in his drive to remake the kingdom in a time of dwindling resources.

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US News
Saudi Arabia Opens Major Conference With Eye on Investment
24-Oct-2017
Saudi Arabia has opened a major investment conference aimed at shining a spotlight on the country's efforts to diversify its revenue streams and overhaul its economy and society.
At the heart of these reforms are plans to build the world's largest sovereign wealth fund. The kingdom hopes to do this by listing less than 5 percent of state-owned oil firm Aramco and transferring control of those funds to its Public Investment Fund, or PIF as its known. The fund grabbed headlines with a $3.5 billion investment in ride-hailing service Uber last year.

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Arabian Business
Global Leaders Converge in Riyadh for Investment Summit
24-Oct-2017
Global business leaders, investors and public officials flocked to the Saudi capital on Tuesday for the opening of the Future Investment Initiative (FII) investment conference held by the national Public Investment Fund (PIF).
In recent years, the PIF has led efforts to transform the Saudi economy and diversify its portfolio away from petroleum revenues.

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Zawya
Future Investment Initiative: Big business comes to Saudi Arabia
24-Oct-2017
The Saudi capital will today host the A-list of global corporate leadership in the most keenly awaited business gathering of the year.

Dozens of the biggest names in global business have arrived in the Kingdom for the Future Investment Initiative (FII), which is being hosted by the Public Investment Fund (PIF) the body that is spearheading a slew of economic reforms.

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Arab News
As curtain rises on ‘Saudi Davos,’ all eyes are on the PIF performance
24-Oct-2017
The stage is set, the actors are waiting in the wings and the audience is expectant. The three-day performance by Saudi Arabia’s Public Investment Fund (PIF) has been billed as the “Saudi Davos,” and by the end of the week the world expects to know a lot more about the Kingdom and its strategy to diversify away from oil dependency.

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Saudi Gazette
Thomson Reuters unveils ‘ Saudi Now’ application
23-Oct-2017
THOMSON Reuters has launched a dedicated “Saudi Now” application on its flagship desktop product Eikon. The app provides financial professionals with comprehensive market and data covering current economic and market events in Saudi Arabia.

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Argaam
Saudi Arabia’s PIF announced these 5 projects in October
23-Oct-2017
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has been active since it moved to the forefront of the Kingdom’s economic reform plan in 2015 and its management was handed to the Council of Economic Development Affairs, chaired by Crown Prince Mohammad bin Salman.

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Yahoo! Finance
Mef, Padoan arrivato a Ryad per il Future investment inizative
23-Oct-2017
Il ministro dell'Economia Pier Carlo Padoan è arrivato a Riyad, in Arabia Saudita e ha avviato gli incontri programmati nella capitale araba in occasione del Future Investment Initiative. Lo comunicano dal ministero di via XX Settembre.

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Al Bawaba
Ford Embraces Future Investment Initiatives to Boost Smart Mobility in the Middle East
23-Oct-2017
Home to more than 51 million people, the GCC is a rapidly developing region that faces growing demands on its infrastructure. Estimates suggest that the population could rise to 65 million by 2030, placing extra pressure not only on natural resources, but also on national infrastructure and governments to lay significant foundation plans for the future.

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Al Arabiya
Berlin seeks new partnerships with Riyadh through Future Investment Initiative
23-Oct-2017
A German diplomat has confirmed that his country will expand its cooperation with Riyadh in various economic, political and security fields during the coming year, pointing out that a large delegation will participate in the Future Investment Initiative, hosted by Riyadh starting Tuesday, to explore new opportunities and partnerships and increase trade and investment between the two countries.

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Bloomberg
Saudi Arabia Raises $1.9 Billion From Islamic Bond
19-Sep-2017

Saudi Arabia raised 7 billion riyals ($1.9 billion) from domestic sukuk sales as the kingdom seeks to bolster its finances amid an economic overhaul and lower oil prices. The Public Investment Fund, the kingdom’s wealth fund, will next month host chief executive officers of companies such as BlackRock Inc, HSBC Holdings Plc and SoftBank Group Corp. at an event to showcase its "redefined investment mandate and strategy"

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Arab News
Saudi to launch Future Investment Initiative event
18-Sep-2017
The Public Investment Fund of the Kingdom of Saudi Arabia (PIF) announced Monday the launch of the Future Investment Initiative (FII) under the patronage of King Salman. Hosted and organized by PIF, the Kingdom’s main investment arm and one of the world’s leading sovereign wealth funds, the FII will take place from Oct. 24 to 26, 2017, in Riyadh.

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Al Arabiya
Saudi PIF to host top ‘Future Investment Initiative’ forum
18-Sep-2017
Saudi Arabia’s Public Investment Fund (PIF) announced the launch of the Future Investment Initiative (FII) under the patronage of King Salman bin Abdulaziz on Monday. Hosted and organized by PIF, Saudi Arabia’s main investment arm and one of the world’s leading sovereign wealth funds, the FII will take place from October 24-26 2017 in Riyadh.

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Arabian Business
Saudi Arabia's PIF launches 'future investment' initiative
18-Sep-2017

The Saudi Arabian sovereign wealth fund launched the Future Investment Initiative (FII), intended to explore investment trends, opportunities and challenges in the years ahead. The Public Investment Fund (PIF)’s FII initiative will be a forum of top-tier global business leaders, investors and thinkers from across the world, it said in a statement.

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Forbes Middle East
Saudi Arabia Launches Future Investment Initiative
18-Sep-2017

Saudi Arabia’s Public Investment Fund (PIF) announced launching activities of the Future Investment Initiative (FII) that aims at discussing the global business potential, challenges and startup fields between October 24 and 27.

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New York Business Journal
Under the Patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, Saudi Arabia's Public Investment Fund Launches the Future Investment Initiative
18-Sep-2017

The Public Investment Fund of the Kingdom of Saudi Arabia (PIF) today announced the launch of the Future Investment Initiative (FII) under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud. Hosted and organized by PIF, the Kingdom's main investment arm and one of the world's leading sovereign wealth funds, the FII will take place from 24th to 26th October 2017 in Riyadh.

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Market Watch
Under the Patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, Saudi Arabia's Public Investment Fund Launches the Future Investment Initiative
18-Sep-2017

The Public Investment Fund of the Kingdom of Saudi Arabia (PIF) today announced the launch of the Future Investment Initiative (FII) under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud. Hosted and organized by PIF, the Kingdom's main investment arm and one of the world's leading sovereign wealth funds, the FII will take place from 24th to 26th October 2017 in Riyadh.

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Yahoo! Finance
Under the Patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, Saudi Arabia's Public Investment Fund Launches the Future Investment Initiative
18-Sep-2017

The Public Investment Fund of the Kingdom of Saudi Arabia (PIF) today announced the launch of the Future Investment Initiative (FII) under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud. Hosted and organized by PIF, the Kingdom's main investment arm and one of the world's leading sovereign wealth funds, the FII will take place from 24th to 26th October 2017 in Riyadh.

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