Via Rest of World, an article on Saudi Arabia, Qatar, and the UAE which have pledged trillions of dollars in return for access to cutting-edge chips for AI development: The UAE committed $1.4 trillion to the U.S., while Saudi Arabia promised $600 billion. Trump opened the AI chip floodgates, shipping 500,000 cutting-edge processors annually to […]
Read more »Via XRG, a report that XRG, the international investment arm of Abu Dhabi National Oil Co., is acquiring a stake in an offshore gas and condensate field in Turkmenistan: XRG expands footprint in Central Asia with a 38% interest in the offshore “Block I” gas and condensate fields in Turkmenistan Partnership with PETRONAS reflects XRG’s […]
Read more »Via The Diplomat, a look at how – as Brussels, Beijing, Moscow, and Washington scramble to secure key materials for clean energy and new tech – they have begun to size up the region’s potential. Not long ago, critical raw materials (CRMs) – metals and minerals essential for technology, green energy, and defense – were […]
Read more »Via France24, a look at Colombia’s move to join China’s Belt and Road: Colombia’s president on Tuesday said he intends to sign an accord to join Beijing’s Belt and Road Initiative during an upcoming China trip, a move sure to damage already frayed relations with Washington. Leftist leader Gustavo Petro said he would sign a […]
Read more »Via Reuters, a report on the preliminary pact between Oman’s sovereign wealth and Algeria for a new investment fund: The Oman Investment Authority signed a preliminary agreement with Algeria’s Finance Ministry to establish an investment fund worth 115 million Omani riyals ($298.79 million). The fund announced by the sultanate’s sovereign wealth fund will focus on […]
Read more »Via Bloomberg, a report on KoBold Metals Co’s agreement to develop one of the world’s largest hard rock lithium deposits in the DRC: KoBold Metals Co. has reached a preliminary agreement with AVZ Minerals Ltd. to develop one of the world’s biggest hard rock lithium deposits in the Democratic Republic of Congo. Summary by Bloomberg […]
Read more »