Saudi Arabia's Public Investment Fund (PIF) will pay $3.5bn (£2.7bn) to buy the gaming division of developer Niantic, whose titles include the hit mobile game Pokémon Go. The game involves players walking around in the real world to hunt the collectable creatures, which appear on their phone screens using augmented reality.

Saudi Arabia’s sovereign wealth fund will purchase Pokémon Go as part of a major mobile game company acquisition. View on euronews

Saudi Arabia's Public Investment Fund (PIF), which manages nearly a trillion dollars in assets, is set to invest $100m in Malaysian airline AirAsia. The carrier is in a fundraising round following years of financial difficulties caused by the pandemic and supply chain problems.