Former Treasury Secretary Steven Mnuchin is planning an investment fund backed by Persian Gulf wealth funds, report says
Treasury Secretary Steven Mnuchinplans to launch an investment fund backed by sovereign wealth funds in the Persian Gulf, the Washington Post reported.
- The fund will invest in areas including financial technology and entertainment.
- Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Former Treasury Secretary
Citing two people familiar with the matter, the Washington Post said the fund will invest in areas including financial technology and entertainment, among other potential sectors.
The United Arab Emirates, Kuwait, Qatar and Saudi Arabia control some of the Persian Gulf region's largest investment funds, according to the
Mnuchin traveled to the region frequently during his time as the head of the US Treasury, usually in relation to the treasury's mission to combat terrorism financing.
Before his tenure in the White House,
- A laid-off Microsoft software engineer on an H1-B visa said she wonders 'where will I be living' with just 60 days to find a new job
- Mark Zuckerberg just ushered in a new era of tech, where profitability and efficiency trump perks and culture
- A Google engineer found out she had been laid off while she was on vacation when her boss sent her a LinkedIn message
- BYJU's to miss March 2023 deadline for group level profitability, results delayed again
- Dedicate Mumbai coastal road to Lata Didi, urges Mangeshkar family
- Adani Transmission reports 78% rise in Q3 net profit to ₹475 crore on one-time income
- Young boy builds an online kabadiwala biz after being inspired by his uncle's scrapyard 'heaven'
- India's share in global oil demand expected to rise to 11%, gas to 500%: PM