Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has significantly reduced its holdings in US stocks during the first quarter of the year, nearly halving the value of its direct investments in these equities.

Arif Amiri, Chief Executive Officer of the DIFC Authority, stated that the DIFC, as a premier (re)insurance hub, has enhanced its services, supporting individuals and businesses in the region for the past 20 years.

Nearly a month after being forced to evacuate due to structural damage, residents of the Al Qaseer building remain in limbo. “Our landlord covered our expenses for up to 10 days,” said Nawal, a resident for two years. “We were initially told we could return on May 12, but that didn’t happen. Now, we’re told the building will be ready by the end of the month. We’ve been spending heavily on hotel apartments.”