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Asia Times

Asia Times

Covering geo-political news and current affairs across Asia

Tag: PIF

Posted inSaudi Arabia

Saudi dips into reserves for stock-buying spree

by Alison Tahmizian Meuse June 4, 2020June 9, 2020

Saudi Arabia, a country implementing austerity measures in a depressed oil market, has been dipping deep into its national reserves to fund a stock buying spree. In the span of two months, US$40 billion in reserves have been transferred to the kingdom’s Public Investment Fund (PIF), according to the government. Finance Minister Mohammed al-Jadaan assured […]

A lift system and stairwell allow guests to move between the 13 decks aboard The Queen Elizabeth II luxury cruise liner docked at Port Rashid in Dubai, where it will be moored permanently as a newly refurbished floating hotel on April 18, 2018. In Dubai, tourism is a major draw — yet over-supply in the hotels market, combined with a push for lower-spending mass tourism — has hit the profitability of tourism businesses. Photo: AFP / Karim Sahib
Posted inAT Finance

Gulf faces recession as oil deluge meets Covid-19

by Alison Tahmizian Meuse March 30, 2020April 2, 2020
Posted inMiddle East, Saudi Arabia, World

Saudi shakeup suggests Aramco IPO barreling ahead

by Alison Tahmizian Meuse September 10, 2019February 18, 2020

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