Fund

    • Brexit adjustment fund makes a step forward

      Brexit adjustment fund makes a step forward

      European Parliament adopted today its position regarding the €5 billion Brexit Adjustment Reserve aimed at supporting countries and sectors worst affected by UK withdrawal, the EP press service reported. Talks with the Council will start immediately and MEPs intend to reach a political agreement on 17 June so that funds will be available quickly.

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    • Saudi sovereign fund to double assets in next five years to $1.07trn

      Saudi sovereign fund to double assets in next five years to $1.07trn

      Saudi Arabia’s Public Investment Fund plans to double its assets to 4trn riyals ($1.07trn) by 2025, Prince Mohammed bin Salman said on Sunday, a move that would make it one of the world’s biggest sovereign wealth funds. The fund would invest 3 trillion riyals in new sectors over the next 10 years, said the prince, who is Saudi Arabia’s de facto ruler and chairs the fund’s board.

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