BAIIF, the new fund also backed by Nvidia, will acquire up to $100bn of AI infrastructure assets, deploying investment across every stage of the value chain
Kuwait Investment Authority
Latest in Kuwait Investment Authority
Artificial intelligence
Kuwait Investment Authority enters AI race by joining MGX-backed AIP
The Kuwaiti sovereign wealth fund becomes the first non-founder financial anchor investor to join the company formed by MGX, Microsoft and BlackRock
FDI
Kuwait looks to boost $675m foreign investment inflow
Kuwait is actively looking to increase foreign direct investment inflows into the country
Abu Dhabi Investment Authority
Top 10 biggest sovereign wealth funds in GCC
While China leads the list of the biggest sovereign wealth funds globally with over $1.22 trillion in assets, UAE tops the list in the GCC region
assets under management
Kuwait Investment Authority targets sustainable finance
KIA, which manages $700 billion according to the Sovereign Wealth Fund Institute and has its own governance structure, says ESG has become central to its outlook
kuwait cabinet
Kuwait appoints Al-Rushaid as Finance Minister in new cabinet
Mohammed Al-Fares retained his position as oil minister in a cabinet that took five weeks to form
climate change
Kuwait’s wealth fund plans to invest in Saudi green initiatives
Kuwaiti authority is a founding member of the One Planet Sovereign Wealth Fund Working Group established in Paris in 2017
Future Generations Fund
Kuwait names new wealth fund board after three-month delay
The conflict had complicated the Kuwait Investment Authority’s ability to make major decisions, even though the finance minister – as its chairman – can decide on important issues
Abu Dhabi Investment Authority
Assets of Gulf’s biggest sovereign wealth funds exceed $2trn
Four Gulf-based sovereign wealth funds have been included among the world’s top 10 in July
Future Generations Fund
Kuwait’s ‘life after oil’ fund said to rise to about $700bn
Future Generations Fund is a national savings pot designed to help Kuwait prepare for life after oil
Future Generations Fund
Kuwait savings fund reports record 33% growth in annual returns
Growth in the fund, a national savings account designed as a buffer for life after oil, over the last five years has exceeded total revenue from oil for the same period
budget deficit
Kuwait approves $76bn state budget with focus on job support
The 2021-2022 state budget estimates a revenue of $36bn for the fiscal year that began on April 1
budget deficit
How Kuwait’s $600 billion wealth fund got caught in political crossfire
The Kuwait Investment Authority, the world’s oldest state investment vehicle, has been in limbo since its board’s tenure expired two months ago
Future Generations Fund
Kuwait hasn’t renewed wealth fund’s board since term expired
The Kuwait Investment Authority is the world’s oldest sovereign fund – and one of the largest – with has stakes in ports, airports and power distribution systems around the world
Future Generations Fund
Kuwait is said to plan drawdown from sovereign wealth fund
Kuwait looks to control the country’s spiraling deficit with new debt law
City of London
Kuwait wealth fund commits to London base despite legal dispute
Kuwait Investment Office says confident it will recover public funds at the centre of a legal dispute in the High Court in London
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Abu Dhabi Investment Authority
Why the US proved fertile ground for Gulf sovereign wealth investment in 2020
Middle Eastern sovereign wealth funds directly invested $14.7bn in the US in 2020, more than double the previous year
