Saudi Arabia's Public Investment Fund (PIF) has announced plans to reduce its international investment target. The PIF, which manages a significant portion of the country's sovereign wealth, will focus on more strategic and targeted investments abroad. This move is seen as part of efforts to optimize returns and reduce risks in an increasingly uncertain global market.

Source: https://www.ft.com/content/5004fbc6-23e2-4b9f-9885-14e1ea724ce2