Global gold demand hits new high as prices soar in 2024
The World Gold Council’s Q4 and Full Year 2024 Gold Demand Trends report reveals that total annual gold demand hit a new, record high of 4,974t, driven by strong, sustained central bank buying and growth in investment demand. The combination of record high gold prices, and volumes resulted in the highest ever total value of demand at...
3 Arab SWFs Accelerate AI Investments
By Hagar Omran
Three of MENA’s biggest sovereign wealth funds have gained momentum in AI investments over the last year. Here’s a closer look. AUM is according to SWFI as of February 2025.
Public Investment Fund (PIF)
AUM: $925 billion
PIF partnered with Google Cloud in October 2024 to create a global AI hub in Saudi Arabia, projected to boost GDP by $71 billion over...
