Saudi Arabia will host the second edition of its Future Investment Initiative (FII) in October as it continues its networking efforts with the global investment community to discuss opportunities within the kingdom and explore emerging industries that will shape the global economy over the coming decades.
FII 2018, taking place from October 23 to 25 in Riyadh, is being hosted by the kingdom’s sovereign wealth fund, the Public Investment Fund. The 2018 agenda revolves around the trends, opportunities and challenges shaping the global investment landscape, the organisers said in a statement.
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On the cusp of a new era, Saudi Arabia courts the world
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The event builds on the success of last year’s inaugural event, which brought together over 3,800 participants from more than 90 countries. It was a gathering of global movers and shakers from across the business and financial world, government officials, influencers and policymakers, hosted by the crown prince, Mohammed bin Salman in Riyadh’s Ritz Carlton hotel.
Global players such as SoftBank, Citi and HSBC were among the attendees, along with regional investment heavyweights like UAE’s Mubadala Investment Company and Bahrain’s Mumtalakat and some of the world’s biggest money managers - the Carlyle Group, BlackRock and Schroders.
Saudi Arabia, the region’s biggest economy and Opec’s top oil exporter is pressing ahead with its economic reform agenda with an emphasis on developing the country's non-oil sector. Riyadh is encouraging foreign investors to help the kingdom build local industries and invest in projects such as the $500 billion Neom, a futurist scheme launched by the crown prince during FII 2017.
The 2017 edition saw future initiatives announced with Blackstone, SoftBank, Virgin Galactic, The Spaceship Company and Virgin Orbit. FII 2018 will bring together industry leaders and visionaries to discuss three broad themes: investing in transformation, technology as opportunity and advancing human potential, according to the statement.
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
Company%20profile
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
