Saudi Arabia’s PIF Raises $15 Billion Green Bond — Largest Sovereign Green Issuance in GCC History
Saudi Arabia's Public Investment Fund (PIF) has successfully priced a USD 15 billion green bond issuance across 5-year, 10-year, and 30-year tranches — the...
GCC Currencies in 2025: Dollar Peg Stability and the Case for Monetary Union
The question of GCC monetary union has been debated by economists and policymakers for decades without resolution. Yet the underlying logic — combining dollar-pegged...
Saudi Arabia’s Digital Riyal CBDC Pilot Expands to 20 Banks as Cross-Border Testing Begins
Saudi Arabia's Central Bank Digital Currency (CBDC) programme — the Digital Saudi Riyal — has expanded its domestic pilot from 6 to 20 participating...
Kuwait Investment Authority: The World’s Oldest Sovereign Wealth Fund and Its Strategy
The Kuwait Investment Authority (KIA), established in 1953, holds the distinction of being the world's oldest sovereign wealth fund — predating most modern institutional...
UAE’s VARA Issues 14 New Crypto Licences as Dubai Cements Role as Global Virtual Asset Hub
The UAE's Virtual Assets Regulatory Authority (VARA) has issued 14 new virtual asset service provider (VASP) licences in Q1 2026, bringing the total number...
