Saudi set to become top tech investor with $100 billion fund

DUBAI: Saudi Arabia and Japan’s SoftBank Group will create ... who joined the Japanese firm in 2014 from Fortress Investment Group, a private equity and hedge fund group. PIF will engage its own team. Saudi Arabia’s Deputy Crown Prince Mohammed bin ... ( read original story ...)

SoftBank Names Rajeev Misra As Head Of $100 Billion Tech Fund

Dubai/Tokyo: Saudi Arabia and Japan's SoftBank Group will ... who joined the Japanese firm in 2014 from Fortress Investment Group, a private equity and hedge fund group. Saudi Arabia's top sovereign wealth fund, the Public Investment Fund (PIF), will ... ( read original story ...)

For How Long Can OPEC Talk Up Oil Prices?

And nothing feeds speculators like OPEC. As Upadhyay wrote, “Though most analysts agreed that a production freeze was not going to alter the fundamentals, prices rose sharply, with the hedge funds adding record long positions,” as evidenced by the ... ( read original story ...)

Middle East Banking Forum to focus on de-risking

Dubai: The UAE Banks Federation (UBF), a professional representative body comprising 49 member banks operating in the UAE, will be hosting its 4th Middle East Banking Forum in Abu Dhabi on November 14. The overall theme of the annual conference will be ... ( read original story ...)

Dubai kicks off blockchain banking services

Emirates NBD became the first lender in the UAE to launch a pilot blockchain network for services, including international remittances and open account trade finance. Shaikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, the UAE's largest bank ... ( read original story ...)