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The OIA, said its return on investment last year touched 8.8 percent, which allowed it to contribute substantially to the country's budget

MUSCAT, Aug. 2 (Xinhua) -- The assets of Oman's sovereign wealth fund, the Oman Investment Authority (OIA), have reached 17.9 billion Omani rials (about 46.5 billion U.S. dollars) in 2022, the fund said in its annual report on Wednesday.

KUWAIT CITY, July 26: The Kuwait Ministry of Finance today announced the State of Kuwait’s closing accounts for the fiscal year ending March 31, 2023. The State’s accounts recorded KD28.8 billion in revenue, KD22.4 billion in expenditure, and closed with a fiscal surplus of KD6.4 billion. The State of Kuwait’s fiscal year starts on April

Kuwait plans to establish a new sovereign fund to develop its local economy, spearhead mega projects, and attract funds from foreign investors and the private sector, according to a government plan seen by Reuters on Sunday.

Shortlisted partnerships focus on arts sponsorship, philanthropy, commissioning of artists, and CSR initiatives, such as employee and community engagement.