News

Russia to invest more than $1.3bn in UAE

MoscowThe Russian Direct Investment Fund (RDIF) is set to plough more than $1.3 billion into the UAE via 10 deals signed with investment partners from the Gulf state, including Mubadala Investment Company. A statement issued by the Russian sovereign wealth fund said that the deals would cover a number of sectors including high tech, health care, mineral resources extraction, logistics and industrial manufacture. “We see [possible] cooperation in other markets, maybe China and Saudi Arabia,” said Kirill Dmitriev, chief executive of RDIF. He also referenced the strong ties between the RDIF and Mubadala. News of the UAE investment deals comes a week after the RDIF opened its first foreign office on Saudi Arabia. One of its roles will be managing the Russia-Saudi Investment Fund established by the RDIF and the Saudi sovereign fund Public Investment Fund. To date the joint fund has invested more than $2.5 billion in 25 different projects. ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

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

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.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.