The Latest Breaking News from PIF

Pacific leaders strike a deal to keep Micronesian nations from splitting with Pacific Islands Forum

Micronesian leaders abandon demands for the current secretary-general of the Pacific Islands Forum to step down immediately, allowing him to serve out his term until 2024.

ABC News · Jun 7, 2022

Saudi PIF Close to Buying Stake in Starbucks Middle East

The Saudi Public Investment Fund (PIF) has been shortlisted to buy a stake in the Middle East, North Africa, and central Asia Starbucks franchise held by Alshaya Group, revealed sources. The Starbucks franchise has several hundred outlets in 14 countries across the Middle East, Russia, and central Asia. Last year,…

Asharq Al-Awsat · Jun 7, 2022

Pacific Island Forum's leadership crisis comes into focus as leaders arrive in Fiji to resolve tensions

The ABC understands Pacific Island leaders hope to strike an agreement to resolve leadership questions, reform the organisation and allow the forum to stay whole, after last year's threat by Micronesian nations to withdraw.

ABC News · Jun 6, 2022

China to continue pushing for Pacific Island nations to sign regional trade and security agreement

China's government says it remains confident it can strike a sweeping trade and security agreement with 10 Pacific Island states despite being forced to shelve its proposed agreement, but a new position paper walks back previous references on joint policing, free trade and cybersecurity.

ABC News · May 31, 2022

Saudi Arabia buys 5% of Nintendo, because why not

Saudi Arabia's Public Investment Fund, which has purchased small and large stakes in a number of tech companies, has purchase 1/20th of Nintendo.

Input · May 26, 2022

Penny Wong promised a new approach to rising China. Did she deliver?

Senator Wong's trip did not effect immediate changes, nor could it have, but did clear signal a new and longer view on what might tip the difference.

The New Daily · May 26, 2022

Penny Wong flying to Fiji on mission to reset Pacific relationships

Penny Wong will crossover with her Chinese counterpart on her second trip as Foreign Minister as she seeks to overhaul relationships in the Pacific.

The New Daily · May 25, 2022

Revealed: government did encourage Premier League to approve Newcastle takeover

Boris Johnson’s government worked for months to encourage the Premier League to approve the controversial Saudi Arabia-backed takeover of Newcastle

The Guardian - UK · May 24, 2022

Saudi PIF Acquires 16.8% of Kingdom Holding Company

The Saudi Public Investment Fund has acquired 625 million shares of the Kingdom Holding Company (KHC), representing 16.87 percent, with a total value of 5.6 billion riyals ($1.5 billion).

Asharq Al-Awsat · May 23, 2022

Al Rumayyan: Carbon Trading Platform in Saudi Arabia is Evidence of Change

The presence of a carbon trading platform in Saudi Arabia is in itself evidence of change, said the governor of the Saudi Public Investment Fund (PIF), Yasir Al Rumayyan, confirming that mega projects in the Kingdom like NEOM are depending on green sources for their energy needs. Speaking at a…

Asharq Al-Awsat · May 21, 2022