Tag: PIF
Gulf Sovereign Wealth Funds Top USD 4 Trillion in Global Assets as GCC Investment Power Reshapes World Markets
Gulf Cooperation Council sovereign wealth funds have collectively crossed USD 4 trillion in assets under management in 2026, with Abu Dhabi's ADIA, Saudi Arabia's PIF, Kuwait's KIA, Qatar's QIA, Mubadala and ADQ among the world's most active investors reshaping global real estate, technology, infrastructure and private equity markets.
Saudi Arabia Scales Back 81 Red Sea Resorts and Recalibrates Giga-Projects Toward Realistic Delivery
Saudi Arabia is scaling back plans to build 81 luxury Red Sea resorts by 2030 as the Kingdom reassesses pace and scope across giga-projects — a pragmatic recalibration that preserves Vision 2030's economic logic while aligning timelines to execution reality, with 85% of targets still on track.
NEOM Restructured in 2026: The Line Suspended After 2.4km Built, Oxagon Port Nears Opening
Construction on NEOM's The Line was suspended in September 2025 after just 2.4 kilometres of foundation work — far short of the 170km vision. As of June 2026, Saudi Arabia's giga-project has pivoted to industrial AI infrastructure and renewable energy, while Oxagon port reaches 68 per cent completion.
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 largest...
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Abu Dhabi Vehicle Impounding: Fees for Each Step
Abu Dhabi's Smart Vehicle Impounding costs AED 15/day, the release certificate AED 100, and leaving it uncollected adds AED 50-100 more. Full guide.
Abu Dhabi Traffic Points: 24-Point Licence Rule
At 24 traffic points, Abu Dhabi drivers must surrender their licence, free but mandatory. How points attach to a licence and the AED 100 clearance cert.
Dubai nol Card Refund: Cash vs Transfer Cost
A cash nol card refund costs 2.5% or AED 5, whichever is higher. Transferring to another nol card is free. Full RTA refund process and timeline.
Dubai Bus on Demand: Fares and How It Works
Dubai Bus on Demand costs AED 5 per zone trip, AED 7 interzone, AED 4 per extra passenger. How RTA's app-based shared shuttle actually works.


