Saudi Arabia’s Hassana Backs TPG Climate Funds with $1.5 Billion
June 1st, 2024
Via Bloomberg, a report on Saudi Arabia’s significant $1.5B climate investment: Saudi Arabia’s main pension fund is set to back TPG’s climate vehicle under a $1.5 billion partnership, marking the latest instance of an oil-rich Gulf state supporting efforts aimed at reducing carbon emissions. Hassana Investment Co., which manages over $320 billion for Saudi Arabia’s General Organisation […]
Read more »Saudi Arabia Eyes a Future Beyond Oil
May 29th, 2024
Courtesy of the New York Times, a report on Saudi Arabia’s efforts to juggle its still-vital petroleum industry with alternative energy sources like wind and solar as it faces pressure to lower carbon emissions: At a two-hour drive from Riyadh, Saudi Arabia’s capital, rows of solar panels extend to the horizon like waves on an […]
Read more »Gulf Cash Flowing Into Africa, But At What Price?
May 28th, 2024
Courtesy of The Africa Report, a look at how Gulf cash is flowing into Africa, buying assets and influence. But at what price? The UAE’s growing financial footprint in Africa makes it an increasingly important partner for its economic – and political – ambitions. Foreign Direct Investment (FDI) from the Gulf to Africa has soared. […]
Read more »Saudi Arabia Spending Big for a Place on the Gaming Map
May 24th, 2024
Via Al Monitor, a report on Saudi Arabia’s efforts to gain a place on the gaming map: Saudi Arabia is moving aggressively with its investments in more gaming companies, the Canadian industry veteran steering the kingdom’s push to become a global hub for the sector told AFP Friday. The kingdom has already been spending heavily […]
Read more »Sand to Sea: Aramco’s Earnings Are Helping The Saudi Kingdom Shake Up The Global Economy
May 20th, 2024
Courtesy of Fortune Magazine, a look at how the oil earnings of Saudi Aramco, the world’s most profitable company, are helping the Saudi monarchy shake up the global economic order: For generations, the city of Cannes in the South of France has been famous for its glitzy film festival, where the world’s movie stars strut […]
Read more »World’s Biggest Construction Project Gets a Reality Check
May 7th, 2024
Courtesy of the Wall Street Journal, a look at how Saudi Arabia’s plans for twin 105-mile-long skyscrapers have lost momentum amid spiraling costs and construction glitches: The engineers saw a mountain-sized problem. For weeks, thousands of trucks and diggers had worked 24 hours every day, scooping millions of cubic feet of sand at the world’s […]
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.