sovereign

Indonesia’s State Wealth Fund has signed a new agreement to allow funds from the United Arab Emirates to invest in a variety of high-yielding financial products, according to Bloomberg. The investment framework agreement was signed with…
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Norway's $1.4 trillion sovereign wealth fund, the world's largest, posted a 9.4 percent return on investment for the first half of the year. Reuters reported that the success in achieving those profits was driven by a strong rise in…
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Egypt might issue the first sovereign sukuk in its history at the beginning of the new fiscal year, with a value of up to $2 billion, said Finance Minister Mohamed Maait. He said this would first require the launch of a sukuk company and…
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