News

Turkey Wealth Fund targets tech sector

Turkish lirasThe sovereign wealth fund of Turkey has announced plans for a $250 million technology fund. Arda Ermut, general manager of the Turkey Wealth Fund (TWF), said that board room approval had been granted for the fund launch. “We aim to invest in value-added, leading areas of the new economy that will fill the gap in the ecosystem in our country,” said Ermut, addressing the parliament’s planning and budgetary commission. The fund’s current portfolio comprises 28 companies in seven sectors, including the stock exchnage Borsa Instabul, Turkish Airlines and natural gas provider Botaş. In addition, it has been reported that the Abu Dhabi state wealth fund ADQ is in discussions with the TWF about investment opportunities. ADQ’s chief executive Mohammed Hassan al-Suwaidi told the Financial Times that the weakness of the Turkish lira could mean it was a “great time” to buy Turkish assets for investors that take a “long-term view”. ©2022 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.