Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
The Palestinian Ministry of Health in Gaza: The total number of Palestinians killed due to famine and malnutrition has risen to 217, including 100 children
The Palestinian Ministry of Health in Gaza: Hospitals in the Gaza Strip recorded five new deaths due to starvation in the past few hours, including two children
Tehran Times: Iran and the United States are ready to start new negotiations.
The source told SANA that the government calls on the SDF to engage in implementing the March 10 agreement and urges international mediators to move all negotiations to Damascus.
The source told SANA that the conference violates the commitments the Syrian government has begun implementing, including the formation of a transitional justice body and the dialogue process.
A Syrian source told SANA that the government considers this conference an attempt to internationalize Syrian affairs, invite foreign intervention, and reimpose sanctions.
A Syrian government source told SANA that the Syrian government will not participate in planned meetings with the Syrian Democratic Forces in Paris.
TASS news agency, citing a Kremlin official: Putin and Trump will meet in Alaska on August 15.
Al Mayadeen's correspondent in South Lebanon: Israeli drone strike targets vehicle on Zahrani - Tyre Highway.
Israeli media: Israeli Prime Minister's Office: The security cabinet has approved Netanyahu's proposal on Gaza.

Trump orders US wealth fund, eyes TikTok purchase with investors

  • By Al Mayadeen English
  • Source: Agencies
  • 3 Feb 2025 23:36
3 Min Read

The order instructs the agencies to develop the fund within the next 12 months, aiming to monetize government-owned assets for the benefit of the American public.

Listen
  • x
  • AP
    President Donald Trump speaks as Commerce Secretary nominee Howard Lutnick listens in the Oval Office of the White House, Monday, February 3, 2025, in Washington, as Trump prepares to sign an executive order. (AP)

US President Donald Trump has signed an executive order directing the Treasury and Commerce Departments to establish a US sovereign wealth fund, a move that could reshape federal asset management and potentially lead to the government purchasing TikTok.

The order instructs the agencies to develop the fund within the next 12 months, aiming to monetize government-owned assets for "the benefit of the American public."

"We're going to stand this thing up within the next 12 months. We're going to monetize the asset side of the US balance sheet for the American people," Treasury Secretary Scott Bessent told reporters. He added that the fund would consist of a mix of liquid and domestic assets, with plans to bring them "out for the American people."

Trump’s push for a sovereign wealth fund

Trump has long supported the idea of a government-backed investment vehicle, previously suggesting that such a fund could be used to finance major infrastructure projects, including highways, airports, manufacturing initiatives, and medical research.

While the specific financing mechanisms remain unclear, Trump has floated the idea that the fund could be backed by "tariffs and other intelligent things." Unlike sovereign wealth funds in other nations, which typically rely on budget surpluses, the US government runs a deficit, raising questions about how the fund would be structured.

Related News

Tesla ordered to pay $243 million in Florida autopilot crash verdict

Musk emerges as top GOP donor despite fallout with Trump

According to the International Forum of Sovereign Wealth Funds, more than 90 such funds exist worldwide, collectively managing assets exceeding $8 trillion.

Read more: China mulls potential sale of TikTok US to Elon Musk: Bloomberg

TikTok acquisition under consideration, Saudi investors express interest

Alongside the creation of the fund, Trump has indicated that it may be used to acquire TikTok, the popular social media platform with 170 million US users.

TikTok’s Chinese parent company, ByteDance, has been under pressure to divest its US operations after a national security law was enacted requiring the sale or a potential ban of the app. The platform was briefly taken offline in January, just before the law came into effect on January 19. However, after taking office on January 20, Trump signed an executive order delaying the enforcement of the law by 75 days, allowing ByteDance more time to negotiate a sale.

Trump has stated that he is in discussions with multiple interested parties and expects to make a final decision on TikTok’s future in February.

One potential investor in the deal is Saudi Arabia’s Kingdom Holding Company (KHC), led by Prince Alwaleed bin Talal. KHC has expressed interest in investing in TikTok, particularly if Elon Musk or another high-profile buyer acquires the platform, according to reports.

Trump has previously stated that he would support Musk purchasing TikTok, saying, "I would be, if he wanted to buy it. I'd like Larry to buy it, too." KHC already holds stakes in Musk's ventures, including X and artificial intelligence firm xAI, making Saudi financial backing a possible component of any acquisition bid.

Read more: Saudi's KHC eyes TikTok investment if Musk becomes buyer

  • Elon Musk
  • TikTok
  • Donald Trump

Most Read

Shiekh Naim Qassem giving a speech commemorating the anniversay of martyr Mohammed Saeed Izadi, August 5, 2025, in Lebanon

Sheikh Qassem threatens 'Israel', warns against foreign intervention

  • Politics
  • 5 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025
Hezbollah says disarming Resistance is a blow to Lebanon’s sovereignty

Hezbollah to overlook cabinet decision; Amal urges corrective approach

  • Politics
  • 6 Aug 2025
India halts $3.6B Boeing deal after Trump slaps harsh tariffs

India halts $3.6bln Boeing deal following Trump's harsh tariffs

  • Economy
  • 6 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
US Secretary of State Marco Rubio, meets with China's Foreign Minister Wang Yi, during the 58th ASEAN Foreign Ministers' meeting and related meetings at the Convention Centre in Kuala Lumpur on July 11, 2025 (AP)
Technology

China seeks US ease on AI chip export restrictions in trade deal: FT

From aboard a Jordanian Air Force C-130, smoke is seen rising from Gaza City during an aid airdrop, Thursday, Aug. 7, 2025 (AP)
Economy

Occupying Gaza could cost $49bln annually, push deficit to 7%: Ynet

Defense Secretary Pete Hegseth speaks during a television interview outside the White House Thursday, Aug. 7, 2025, in Washington (AP)
Politics

Pete Hegseth shares video opposing women's voting rights

NYPD officers search people entering Times Square in New York for the New Year's Eve celebration on Tuesday, December 31, 2024 (AP)
Miscellaneous

Teen charged with murder in NY; six injured in Baltimore mass shooting

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS