Keywords: Sovereign wealth fund
The Organisation for Economic Co-operation and Development (OECD) has recommended that Norway reduce its wealth tax, suggesting that the country reform its broader tax system to shift the burden away from capital and labor while increasing taxation on property and inheritance. In its latest economic......
Norway’s government has significantly upgraded its forecast for oil and gas revenues in 2026, expecting the state to earn around 721.1 billion Norwegian crowns (approximately $78.7 billion), driven by rising global energy prices linked to ongoing geopolitical tensions. The revised estimate marks......
Nicolai Tangen, chief executive of Norges Bank Investment Management, warned companies against using artificial intelligence primarily as a tool for workforce reductions, arguing that aggressive job cuts could trigger public backlash and damage broader confidence in the technology. Speaking ahead of......
Canada has announced the creation of its first sovereign wealth fund, marking a significant step in the country’s long-term economic strategy. Prime Minister Mark Carney said the fund will begin with an initial capital of C$25 billion and focus on financing major domestic projects. The initiative,......
Norges Bank Investment Management, which manages the world's largest sovereign wealth fund at $2.1 trillion, announced Tuesday that it will eventually allow artificial intelligence systems to make certain investment decisions, provided human supervision remains in place. The move comes as the fund......
Jeff Bezos’ artificial intelligence venture Project Prometheus is seeking tens of billions of dollars to build a new holding company that will buy industrial businesses reshaped by AI, deepening the Amazon founder’s latest return to an executive role in the technology sector. The planned......
From the trading floors of Madrid to the pinnacle of Moroccan sovereign finance, Nezha Hayat’s four decade career has reshaped the Kingdom’s approach to investment, capital markets, and economic growth. Her journey, marked by groundbreaking achievements, culminated in her appointment as Director......
The Norwegian sovereign wealth fund, the largest in the world, recorded a profit of €88 billion in the third quarter, driven by strong stock market returns in commodities, telecommunications, and financial sectors. At the end of September, the fund—financed by Norway’s petroleum revenues......
Saudi Arabia’s nearly $1 trillion sovereign wealth fund, the Public Investment Fund (PIF), announced that artificial intelligence and automation now underpin “every layer” of its operations. This integration is not only reshaping the fund’s investment strategies but also reflecting......
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