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Davos in the Desert: The Saudi sovereign wealth fund's $100 billion global reach goes well beyond oil

Davos in the Desert: The Saudi sovereign wealth fund's $100 billion global reach goes well beyond oil

The Jamal Khashoggi case has spurred a diplomatic crisis for Saudi Arabian officials and several high-profile tech, finance and media personalities have dropped out of Riyadh's second annual conference, the Future Investment Initiative (FII), due to take place this week (October 23-25).

The event is being organised by the Saudi sovereign wealth fund and a recent list compiled by Reuters shows the kingdom's global influence stretches far beyond just oil and into a whole range of countries and sectors, from fast foods brands in Kuwait and online shopping in Dubai to hotels in France and Hollywood talent agencies.

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Alan McIntosh

Rising bond yields spark shift from equities

Fed chairman's comment interpreted by markets that further interest rate rises are likely

Carsten Menke

Central banks drawn to gold

Countries often look to gold to secure their wealth – whatever this may mean

Hussein Sayed

Just a correction or an end to the longest bull market in history?

Commentary on the turbulence in global financial markets, Asian equities and the Pound

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The premier corporate intelligence monitor in MENA, providing you with access to the most comprehensive database of companies and officers in the region, with coverage of all major sectors and industries.

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