Via Asharq Al Awsat, an article on Saudi PIF acquiring stakes in 4 Egyptian companies worth $1.3b: The Saudi Egyptian Investment Company (SEIC), owned by Saudi Arabia’s state-owned Public Investment Fund (PIF), has bought minority stakes in four Egyptian companies for $1.3 billion, Egypt’s planning ministry said on Wednesday. The companies are Abu Qir Fertizilers and Chemical […]
Read more »Courtesy of The Athletic, a detailed report on the strategic and investment goals of Saudi Arabia’s new professional golf tour: Golf’s roots in Saudi Arabia grew from mixing sand and oil. It was the late 1940s when American expat executives working for Saudi Aramco, the kingdom’s budding oil giant, needed somewhere to play. Turns out, […]
Read more »Via The Middle East Institute, a look at China-GCC digital economic cooperation: The strategic rivalry between China and the US that has developed over the past decade includes a struggle for control of the global digital economy, particularly the digital infrastructure and information communications technology (ICT) markets. In recent years, China has become a global […]
Read more »Via Bloomberg, a report on Saudi Telecom’s acquisition of a Pakistani tower company. The Middle East’s most profitable telecoms firm, Saudi Telecom Co., signaled a fresh push to expand beyond its core mobile-network business with an investment in a Pakistani tower company. Saudi Telecom, which is controlled by the kingdom’s sovereign wealth fund, said one […]
Read more »Via The Frontier Post, a look at investing in Saudi Arabia: A nation traditionally known for its vast reserves of fossil fuels, these days Saudi Arabia, the Middle East and North Africa’s largest economy representing ro-ughly 25 percent of total gross domestic product, has a lot more to offer in-vestors willing to scratch beneath the […]
Read more »Via Arab News, an article on Saudi Arabia’s efforts to further activate its mining sector: Saudi Arabia sees increase in mining complexes as the Kingdom launched huge database to channel more investments into the sector that is poised to become the third income source for state funds. The number of mining complexes in Saudi Arabia […]
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