News

Saudi to invest in Russia

MoscowA Russia-Saudi foundation is set to invest more than $2 billion of funds in Russia during 2019. The deal was announced at the recent G20 conference in Argentina by the chief executive of Russia’s sovereign wealth fund. “We plan to increase investment in Russia by the joint Russian-Saudi fund by an extra $2 billion next year,” said Kirill Dmitriev. Dmitriev also referenced a meeting at the G20 event between Russian president Vladimir Putin and Saudi crown prince Mohammed bin Salman during which Putin reportedly asked the kingdom to increase its investments in Russian projects in 2019. Both Putin and the Prince Bin Salman have attracted controversy during 2018 – the former for alleged meddling with US elections and the latter for his alleged role in the murder of US-based journalist Jamal Khashoggi. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.