Rush To Riyadh Is On
March 10th, 2024
Courtesy of The Financial Times, an article on big companies’ adherence to Saudi Arabia’s demand that they set up regional HQs in the desert kingdom: Scores of multinationals have heeded Riyadh’s ultimatum to establish regional headquarters in Saudi Arabia or face losing out on lucrative government contracts, but leading banks have been conspicuous by their […]
Read more »Saudi Arabia Reviving Historic City of Diriyah To Become New Cultural Capital
March 6th, 2024
Via Conde Nest Traveler, a report on how Saudi Arabia is reviving the historic city of Diriyah to become the Kingdom’s new cultural capital thanks to a government investment of $62.2 billion to develop the area into a leading regional and global hub for lifestyle, tourism, entertainment and culture: Around three hundred years ago from […]
Read more »Ras Ghamila: Is Egypt About To Sell a Prime Red Sea Area To Saudi Arabia?
February 26th, 2024
Via Middle East Eye, a look at how – after a $35bn deal with the UAE to develop Ras el-Hekma – Cairo seems close to agreeing a $15bn project with Riyadh to develop Ras Ghamila: Saudi Arabia is close to securing a $15bn deal with the Egyptian government to develop Ras Ghamila, a prime Red Sea tourist destination, […]
Read more »The Gulf Region’s Growing Importance for India
February 25th, 2024
Via IISS, an article on the growing strategic convergence between India and the Gulf region whihc has resulted in deeper political, economic and defence ties” In one of his last foreign visits before India’s general election in April–May 2024, on 13–15 February India’s Prime Minister Narendra Modi travelled to the United Arab Emirates (UAE) and […]
Read more »‘Strings Attached’: Saudi Arabia Steps Up Demands In Tech Deals with China
February 20th, 2024
Courtesy of The Financial Times, a look at how Alibaba’s and SenseTime’s huge joint ventures in Gulf kingdom have come with stringent requirements around training local teams and investment: Saudi Arabia is mandating that leading Chinese technology companies invest in the Gulf kingdom in return for huge deals, as it leverages its petrodollar wealth to boost […]
Read more »Alibaba Seeks Middle East Partners as Beijing Deepens Gulf Ties
February 18th, 2024
Via Bloomberg, an article on Alibaba’s efforts to find Middle Eastern partners: Chinese e-commerce giant Alibaba Group Holding Ltd. has sought to partner with local firms in Saudi Arabia and the United Arab Emirates as China deepens its ties with the Gulf. “One of the things we’ve chosen to do, which is a little unusual […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.