MBS: Saudi sovereign fund doubling assets in five years to $1.07T

The five-year plan would see the fund creating 1.8 million direct and indirect jobs, said Prince Mohammed bin Salman. Saudi Arabia’s Public Investment Fund (PIF) plans to double its assets to 4 trillion riyals ($1.07 trillion) by 2025, Prince Mohammed bin Salman said on Sunday, a move that would make it one of the world’s […]

Bitcoin hits $40,000 after doubling in value in the last month

Bitcoin accounts for about two-thirds of cryptocurrency market value, which is now beyond $1 trillion. Bitcoin surged to $40,000 for the first time, doubling in value in less than a month and pushing the total market value of cryptocurrencies beyond $1 trillion. Cryptocurrencies hit the milestone after a fivefold climb in market value in the past […]