MBS Wants Saudi Arabia Fund to Reach $2 Trillion in Assets
The crown prince’s ambitious plan for the Public Investment Fund would change the kingdom’s dependence on oil while creating the world’s largest pool of institutional money, but questions remain.
Saudi Arabia Crown Prince Mohammed bin Salman has unveiled an ambitious plan that would make the Public Investment Fund (PIF) the largest sovereign wealth fund in the world, increasing its roughly $400 billion in assets to $1.1 trillion by 2025 and $2 trillion by 2030.
Analysts question whether the plan is feasible, but one thing is certain: The 35-year-old de facto ruler of Saudi Arabia doesn’t think small.
AFP/Dubai
Geraint Bungay, CEO of Dubai-based Boss Bunny Games. (Photo/AFP)
With plans to launch the first video game inspired by Gulf cuture, the region’s gaming ecosystem is fast gaining traction in esports.
From a brand new facility in Dubai, young gamers are hosting virtual regional eSports competitions sponsored by global brands as they shoot to become major players in the multi-billion-dollar industry.
Indian expat Saad Khan said he realised there was “huge opportunity” in promoting eSports in the region four years ago, when he saw people crowding into rapidly sprouting cyber cafes in Dubai, one of the UAE’s seven emirates.
Jehad Abusalim (American Friends Service Committee)
In this session we examined the situation in the Gaza Strip, including how the Gaza Strip came to be isolated from the West Bank and besieged by Israel, the role of Hamas and related Palestinian political dynamics, and the humanitarian situation in light of repeated Israeli military campaigns, more than a decade of blockade, and now COVID.
Part 5 – Palestinian Refugees and the Role of UNRWA
Featuring:
Gwyn Lewis (UNRWA),
Diba Abu Nejila (humanitarian professional)
In this session we focused on Palestinian refugees – one of the core issues of the conflict and which under the Olso Accords was to be resolved in the context of permanent status talks between Israelis and Palestinians. We will examine how Palestinians became refugees, the role and development of UNRWA as the organization responsible for Palestinian refugees, and the debate around the continued status of many Palestinians as refugees today.
April 5, 2021
DUBAI (AFP) – From a brand new facility in Dubai, young gamers are hosting virtual regional eSports competitions sponsored by global brands as they shoot to become major players in the multi-billion-dollar industry.
Indian expat Saad Khan said he realised there was “huge opportunity” in promoting eSports in the region four years ago, when he saw people crowding into rapidly sprouting cyber cafes in Dubai, one of the United Arab Emirates’ (UAE) seven emirates.
That’s when Khan, who has a strong background in technology, decided to found Gamers Hub Media Events (GHME) to host e-Sports tournaments in the Middle East and North Africa.