Saudi Fund Invests In China Effort To Create Rival To OpenAI
June 8th, 2024
Courtesy of The Financial Times, a report on a Saudi Arabian fund’s recent investment in China’s most promising generative AI start-up: A Saudi Arabian fund has backed China’s most prominent generative artificial intelligence start-up, becoming the only foreign investor in the country’s efforts to create a homegrown rival to OpenAI. Prosperity7, part of the state-owned […]
Read more »China’s Sinopec to Build Gas Pipelines for Saudi Aramco in $1-Billion Deal
June 8th, 2024
Via OilPrice.com, a report of China’s Sinopec’s plans to build gas pipelines for Saudi Aramco in $1-Billion deal: A subsidiary of China’s energy giant Sinopec has signed a $1.3-billion deal with Saudi Aramco to procure and build pipelines for an expansion of the Kingdom’s natural gas distribution network, the Chinese firm said on Thursday. Under the turn-key fixed-price […]
Read more »East Meets Middle: China’s Blossoming Relationship with Saudi Arabia and the UAE
June 8th, 2024
Via the European Council on Foreign Relations, a report on China’s blossoming relationship with Saudi Arabia and the UAE Summary The blossoming but still immature relationship between China and the two key Gulf states, Saudi Arabia and the UAE, has implications that reach far beyond the Middle East. Saudi Arabia and the UAE are emerging […]
Read more »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 »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.