Saudi Arabia's investment conference draw deals worth $50 billion despite boycotts over Jamal Khashogi's killing
6 years, 2 months ago

Saudi Arabia's investment conference draw deals worth $50 billion despite boycotts over Jamal Khashogi's killing

Firstpost  

A number of Western politicians and global business chiefs stayed away from Saudi Arabia’s premier investment event over the Khashoggi case. Riyadh: Saudi Arabia’s crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as “great - more people more money”. The managing director of the kingdom’s sovereign wealth fund, the main backer of the event, said the country was becoming more transparent and that the Saudi Public Investment Fund continued to develop new industries under economic reforms launched by the crown prince. Many Western banks and other companies, fearful of losing business such as fees from arranging deals for Saudi Arabia’s $250 billion wealth fund, sent lower-level executives even as their top people stayed away.

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History of this topic

How Saudi Arabia’s $1.5 trillion Neom megacity has had another major setback
2 months ago

How Saudi Arabia’s $1.5 trillion Neom megacity has had another major setback

Firstpost  

Saudi Arabia’s Neom, a $1.5 trillion mega-city project aimed at transforming the Kingdom’s economy, has run into a new challenge. This is among the many roadblocks the project has experienced, including scaled-back timelines and complaints of harsh working conditions Neom, launched in 2017 by Saudi Crown Prince Mohammed bin Salman, is envisioned as an ultra-modern city that spans 26,500 square …

Jared Kushner's financial ties to Saudi Arabia fall under fresh scrutiny
7 months ago

Jared Kushner's financial ties to Saudi Arabia fall under fresh scrutiny

Raw Story  

The Senate Finance Committee has launched an investigation into Jared Kushner's overseas business activities. Sen. Ron Wyden, who chairs the committee, asked Kushner's firm Affinity Partners for details about a $2 billion investment from the Saudi Arabian government’s Public Investment Fund in 2021 and funding from other foreign investors. “The Saudi PIF’s decision to invest $2 billion in Affinity so …

Saudi Arabia’s investment fund has been set an impossible task
8 months ago

Saudi Arabia’s investment fund has been set an impossible task

Live Mint  

About a decade ago, a flashy, deep-pocketed investor made an appearance. Saudi Arabia’s Public Investment Fund had a mandate to go big, and was ready to: it picked up a $3.5bn stake in Uber, placed $45bn in the world’s largest technology-investment fund, SoftBank’s Vision Fund, and provided half the capital for a $40bn infrastructure fund run by Blackstone, a private-equity …

Jamie Dimon and other top bankers visit Saudi Arabia as Israel-Hamas war rages
1 year, 2 months ago

Jamie Dimon and other top bankers visit Saudi Arabia as Israel-Hamas war rages

CNN  

London CNN — JPMorgan CEO Jamie Dimon, Citigroup’s Jane Fraser and other top names on Wall Street are in Saudi Arabia Tuesday for an investment conference as they try to look beyond risks that the Israel-Hamas war could widen into a regional conflict and deal a new blow to the global economy. People are heading to the conference because “that’s …

Kasatkina concerned about potential Saudi investment in WTA
1 year, 6 months ago

Kasatkina concerned about potential Saudi investment in WTA

The Hindu  

Russia’s Daria Kasatkina has expressed reservations about competing in any future WTA tournaments in Saudi Arabia, saying “not everything is about money”, amid reports the Gulf State may be set to plough huge amounts of cash into the sport. Saudi Arabia has made massive investments in football, Formula One, boxing and golf in recent years and ATP Tour chief Andrea …

Can Saudi Arabia's billion-dollar bet on tourism succeed?
1 year, 6 months ago

Can Saudi Arabia's billion-dollar bet on tourism succeed?

Hindustan Times  

Earlier this month, Saudi Arabia signed a multimillion-dollar deal with Habitas, the American company that got its start setting up luxury camping at the annual Burning Man festival in the US desert. "It's extremely exciting to observe what's happening there because, up until recently, Saudi Arabia had been something of a blank spot on the tourist map," Markus Pillmayer, a …

As Blinken visits, top Saudi diplomat says kingdom seeks US nuclear aid but ‘others’ also bidding
1 year, 7 months ago

As Blinken visits, top Saudi diplomat says kingdom seeks US nuclear aid but ‘others’ also bidding

Associated Press  

DUBAI, United Arab Emirates — Saudi Arabia’s foreign minister said after meeting with the visiting U.S. secretary of state on Thursday that while the kingdom would welcome U.S. aid in building its civilian nuclear program, “there are others that are bidding.” Foreign Minister Prince Faisal bin Farhan was responding to a question about recent news reports that Saudi Arabia is …

"Expanding financial relationship": Saudis funneled “billions” to Trump family before 2024 launch
2 years, 1 month ago

"Expanding financial relationship": Saudis funneled “billions” to Trump family before 2024 launch

Salon  

On Thursday, Judd Legum laid out in his Popular Information blog the full extent to which the Kingdom of Saudi Arabia has poured money into the Trump family — as former President Donald Trump launches his third consecutive campaign for the White House ahead of 2024. "These stories virtually ignored one of the most significant developments since Trump left the …

EXPLAINER: Why are foes Turkey and Saudi Arabia fixing ties?
2 years, 8 months ago

EXPLAINER: Why are foes Turkey and Saudi Arabia fixing ties?

Associated Press  

DUBAI, United Arab Emirates — The killing of columnist Jamal Khashoggi by Saudi agents in Istanbul sent an already tense and shaky relationship between Turkey and Saudi Arabia into complete free fall. In his first trip to Saudi Arabia in five years, Turkish President Recep Tayyip Erdogan embraced Crown Prince Mohammed bin Salman and sipped traditional Arabic coffee with King …

Saudi investors warned against $2 billion Jared Kushner investment fund
2 years, 9 months ago

Saudi investors warned against $2 billion Jared Kushner investment fund

Raw Story  

Jared Kushner spent his final days in the White House traveling to the Middle East and after leaving, he has worked his contacts there to capture investors for his "investment" fund. The documents include details like "the inexperience of the Affinity Fund management," as well as concerns that the Saudis owned "the bulk of the investment and risk." "Ethics experts …

Saudi Arabia gives 4% of Aramco worth $80B to fund
2 years, 11 months ago

Saudi Arabia gives 4% of Aramco worth $80B to fund

The Hindu  

Saudi Arabia said Sunday it will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund, an infusion valued at nearly $80 billion as the kingdom tries to overhaul its energy-dependent economy. Saudi Crown Prince Mohammed bin Salman, the assertive son of King Salman, made the decision to transfer the stock, the state media …

Saudi Arabia transfers $80 billion Aramco stake to kingdom’s wealth fund
2 years, 11 months ago

Saudi Arabia transfers $80 billion Aramco stake to kingdom’s wealth fund

Hindustan Times  

Saudi Arabia transferred a stake worth about $80 billion in state oil giant Aramco to the kingdom’s wealth fund as part of plans to boost its assets under management to over $1 trillion in four years. Saudi Arabia said it will transfer 4% of its stock in the state-run oil giant Aramco to its state investment fund, a nearly $80 …

Saudi Arabia to stop contracting with firms without local HQ
3 years, 11 months ago

Saudi Arabia to stop contracting with firms without local HQ

Associated Press  

DUBAI, United Arab Emirates — Saudi Arabia announced on Monday that it plans to stop signing contracts with foreign companies that don’t have their Mideast headquarters in the kingdom, state-run media reported, a bold move that could escalate business competition in the region. 2024, aims to solicit foreign investment, increase efficiency of state spending and boost local employment, according to …

Saudi Arabia’s ‘Davos of the Desert’ awaits new US policy
3 years, 11 months ago

Saudi Arabia’s ‘Davos of the Desert’ awaits new US policy

Al Jazeera  

Saudi Arabia, the Arab world’s largest economy, is scheduled to hold its annual Future Investment Initiative amid the ongoing coronavirus pandemic and a new US administration said to be reluctant to cede to the kingdom’s strategic imperatives. There has never been a more important time to bring the greatest minds together to harness this opportunity to reimagine our world.” Vision …

Saudi Arabia's investments in India on track despite economic downturn, says Ambassador Saud bin Mohammed Al Sati
4 years, 8 months ago

Saudi Arabia's investments in India on track despite economic downturn, says Ambassador Saud bin Mohammed Al Sati

The Hindu  

Despite a massive 50% drop in oil revenues and a downturn in the economy, Saudi Arabia’s investments in India will not be affected, the Kingdom’s Ambassador to India Saud bin Mohammed Al Satisaid in a written interview. Saudi Arabia’s General Directorate of Passports has also decided to extend the validity of exit and return visas that expire between February 25 …

Column: If the Khashoggi murder didn’t make Saudi money toxic, the Bezos hack won’t either
4 years, 11 months ago

Column: If the Khashoggi murder didn’t make Saudi money toxic, the Bezos hack won’t either

LA Times  

President Trump with Saudi Crown Prince Mohammed bin Salman at the White House. The technical experts hired by Bezos found enough to conclude “with medium to high confidence that Bezos’ iPhone X was compromised via malware sent from a WhatsApp account used by Saudi Crown Prince Mohamed bin Salman.” The malware prompted the phone to transmit an immense volume of …

Saudi stock offering creates world’s most valuable company
5 years, 1 month ago

Saudi stock offering creates world’s most valuable company

Associated Press  

RIYADH, Saudi Arabia — Saudi Arabian oil company Aramco surpassed Apple as the world’s most valuable public company Wednesday when its shares made their debut on the Saudi stock exchange, part of an ambitious shift away from the very fossil fuels the country’s economy depends on. Zachary Cefaratti, chief executive officer of Dalma Capital, which manages Saudi equity funds that …

Saudi Arabia formally starts IPO of oil firm Saudi Aramco
5 years, 2 months ago

Saudi Arabia formally starts IPO of oil firm Saudi Aramco

Associated Press  

DHAHRAN, Saudi Arabia — Saudi Arabia formally began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years of delay, hoping international and local investors will pay billions of dollars for a stake in the kingdom’s crown jewels. Saudi Aramco also has proven liquid reserves of 226.8 billion barrels, the largest of any company in …

FII 2019: Business deals worth USD 15 billion signed at key financial summit in Saudi Arabia
5 years, 2 months ago

FII 2019: Business deals worth USD 15 billion signed at key financial summit in Saudi Arabia

India TV News  

Saudi Arabia on Tuesday announced that 23 investment agreements totalling more than USD 15 billion in value were signed on the first day of a three-day high-profile financial summit, being attended by Prime Minister Narendra Modi and several other world leaders. The deals were signed on the sidelines of the Future Investment Initiative, dubbed "Davos in the desert", which is …

Saudi Arabia eyes long-term partnership with India; to invest $100 bn in petrochemicals, infra, mining
5 years, 3 months ago

Saudi Arabia eyes long-term partnership with India; to invest $100 bn in petrochemicals, infra, mining

Firstpost  

Saudi Arabia is a key pillar of India’s energy security, being a source of 17 percent or more of crude oil and 32 percent of LPG requirements of India New Delhi: Saudi Arabia, the world’s biggest oil exporter, is looking at investing $100 billion in India in areas of petrochemicals, infrastructure and mining among others, considering the country’s growth potential. …

Saudi Arabia to invest USD 100 billion in India
5 years, 3 months ago

Saudi Arabia to invest USD 100 billion in India

India TV News  

World's biggest oil exporter Saudi Arabia is looking at investing USD 100 billion in India in areas of petrochemicals, infrastructure and mining among others, considering the country's growth potential. "Saudi Arabia is looking at making investments in India potentially worth USD 100 billion in the areas of energy, refining, petrochemicals, infrastructure, agriculture, minerals and mining," Al Sati told news agnecy …

Saudi Arabia is in a rush to boost oil prices ahead of record-setting Aramco IPO
5 years, 4 months ago

Saudi Arabia is in a rush to boost oil prices ahead of record-setting Aramco IPO

CNN  

New York CNN Business — Today’s stubbornly-low oil prices are standing in the way of Saudi Arabia’s grand ambitions. Saudi Arabia’s surprise decision over the weekend to install a new oil minister, its third in just over three years, reflects a sense of urgency about boosting prices ahead of the planned Aramco IPO. The entire country is intertwined with oil …

Saudi Arabia makes new pitch for $400 billion investment
5 years, 11 months ago

Saudi Arabia makes new pitch for $400 billion investment

CNN  

Dubai CNN — Saudi Arabia has unveiled a new bid to lure investments in the biggest such initiative since the killing of journalist Jamal Khashoggi. Under a new industry and logistics program, the country is looking for private sector help to develop its manufacturing, mining, energy and logistics sectors, according to the Saudi Press Agency. The country’s energy minister, Khalid …

Move on from Jamal Khashoggi, let us do business: Saudis to Davos
5 years, 11 months ago

Move on from Jamal Khashoggi, let us do business: Saudis to Davos

India Today  

If you somehow missed the news about the killing of journalist Jamal Khashoggi by Saudi agents and the global outcry that ensued, you might think Saudi Arabia is the darling of the World Economic Forum in Davos. It has even managed to secure top Western businessmen for a panel debate on 'Next Steps for Saudi Arabia', where French oil major …

Kingdom Holding says it will invest $1 billion in Saudi Arabia
5 years, 11 months ago

Kingdom Holding says it will invest $1 billion in Saudi Arabia

CNN  

Dubai CNN Business — The company founded by Saudi Arabia’s most prominent globalinvestor plans to spend more of its money at home. Kingdom Holding CEO Talal Ibrahim Al Maiman said Monday the firm plans to spend $1 billion in Saudi Arabia over the next six months as the country attempts to repair its reputation withforeigninvestors after the murder of journalist …

Saudi spending to hit record high as oil prices resume slide
6 years ago

Saudi spending to hit record high as oil prices resume slide

Associated Press  

RIYADH, Saudi Arabia — Saudi Arabia’s expenditures will hit a record-high in 2019, with plans to increase state spending by 7 percent to reach $295 billion, even as declining oil prices have forced the kingdom to adopt austerity measures. Capital Economics said this year’s Saudi budget seems to be relying on optimistic assumptions for oil prices to rise to almost …

Jamal Khashoggi murder: Donald Trump under fire for defending Saudi crown prince; critics call it 'betrayal of American values'
6 years, 1 month ago

Jamal Khashoggi murder: Donald Trump under fire for defending Saudi crown prince; critics call it 'betrayal of American values'

Firstpost  

The murder of Jamal Khashoggi, a one-time insider-turned critic of Crown Prince Mohammed bin Salman and a resident of the US, in the Saudi consulate in Turkey has spurred a wave of international anger against Saudi Arabia Washington: US President Donald Trump has defended his decision not to hold Saudi rulers accountable in the brutal killing of dissident journalist Jamal …

Saudi Arabia faces fight for investment after Khashoggi killing
6 years, 1 month ago

Saudi Arabia faces fight for investment after Khashoggi killing

CNN  

Dubai CNN Business — Saudi Arabia’s young crown prince had a vision for his kingdom: a country with a diversified economy, a booming tourism and entertainment industry and a budding tech hub with some of the world’s biggest names. ‘Maybe he did, maybe he didn’t’ But he also left open the possibility that bin Salman may have been involved, as …

Trump statement on Saudi crown prince and the killing Jamal Khashoggi
6 years, 1 month ago

Trump statement on Saudi crown prince and the killing Jamal Khashoggi

CNN  

CNN — Office of the Press Secretary FOR IMMEDIATE RELEASE November 20, 2018 Statement from President Donald J. Trump on Standing with Saudi Arabia America First! Iran states openly, and with great force, “Death to America!” and “Death to Israel!” Iran is considered “the world’s leading sponsor of terror.” On the other hand, Saudi Arabia would gladly withdraw from Yemen …

CEO of Uber Dara Khosrowshahi: We will ‘wait to get the facts’ on Khashoggi killing
6 years, 2 months ago

CEO of Uber Dara Khosrowshahi: We will ‘wait to get the facts’ on Khashoggi killing

CNN  

Laguna Beach, California CNN Business — Uber CEO Dara Khosrowshahi says he’s waiting for more information about the killing of journalist Jamal Khashoggi before taking any action over the Saudi government’s significant investment in the startup. Khosrowshahi was one of the first major CEOs to pull out of a high-profile Saudi business conference last month as the international outcry grew …

Can Saudi Arabia win back its business partners after journalist’s murder?
6 years, 2 months ago

Can Saudi Arabia win back its business partners after journalist’s murder?

CNN  

Riyadh, Saudi Arabia CNN Business — Global business relationships that were carefully cultivated by Saudi Arabia have been badly damaged by the murder of journalist Jamal Khashoggi, casting the kingdom’s economic reforms into serious doubt. The kingdom had hoped an investment conference in Riyadh this week would be a star-studded celebration of Crown Prince Mohammed bin Salman’s Vision 2030 program …

Under Jamal Khashoggi shadow, Saudis put best face on business summit
6 years, 2 months ago

Under Jamal Khashoggi shadow, Saudis put best face on business summit

Live Mint  

Riyadh/Dubai: Global business leaders may have stayed away, but Saudi Arabia’s flagship investment conference started on Tuesday with a crowd. Another changed the topic to talk about the conference’s agenda.thirdMAds A surprise appearance was made by Saudi Arabia’s main foreign antagonist in the Khashoggi affair: Turkish President Recep Tayyip Erdogan, whose speech scorning the kingdom’s version of events was briefly …

Mohammed bin Salman is trying to save his Vision 2030
6 years, 2 months ago

Mohammed bin Salman is trying to save his Vision 2030

CNN  

Riyadh, Saudi Arabia CNN Business — Crown Prince Mohammed bin Salman is pressing on with his ambitious plan to modernize Saudi Arabia’s economy despite a deep chill in relations with global business and investors over the killing of a critical journalist. “I am sure we will come out of this stronger.” Crown Prince Mohammed bin Salman at the Future Investment …

Saudi Arabia signs deals worth $50 billion in oil, gas and infrastructure
6 years, 2 months ago

Saudi Arabia signs deals worth $50 billion in oil, gas and infrastructure

Live Mint  

Riyadh: Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said. Companies involved in the deals included commodities trader Trafigura, Total, Hyundai, Norinco, Schlumberger, Halliburton and Baker Hughes, state television said. Saudi Aramco said it had signed agreements with 15 international partners worth …

Future Investment Initiative: Saudi is still doing deals
6 years, 2 months ago

Future Investment Initiative: Saudi is still doing deals

CNN  

Riyadh, Saudi Arabia CNN Business — Saudi Arabia has signed agreements worth over $50 billion with global companies at an investor conference in Riyadh despite the international uproar over the killing of journalist Jamal Khashoggi. State oil company Aramco announced Tuesday that it had signed 15 memorandums of understanding worth $34 billion with firms from eight countries, including the United …

Saudi conference begins after exodus of CEOs
6 years, 2 months ago

Saudi conference begins after exodus of CEOs

CNN  

Riyadh, Saudi Arabia CNN Business — Saudi Arabia’s investment conference opened on Tuesday with a dearth of big name speakers and a fleeting appearance by its sponsor, Crown Prince Mohammed bin Salman. Speaking to CNN Business at the conference, the head of Saudi oil company Aramco, Amin Nasser, said “everyone here feels sorry” about Khashoggi’s death but the kingdom was …

As business leaders begin to shun Saudi Arabia over Jamal Khashoggi disappearance, big blow to oil-rich country's economic reputation
6 years, 2 months ago

As business leaders begin to shun Saudi Arabia over Jamal Khashoggi disappearance, big blow to oil-rich country's economic reputation

Firstpost  

The disappearance of Saudi journalist Jamal Khashoggi last seen entering the kingdom’s consulate in Istanbul has shaken businesses’ confidence in the country as a place to do business, with potential consequences for billions of dollars in investments into and out of the country. “Foreign investment is a main pillar of Vision 2030,” said Sebastian Sons, an expert on Saudi Arabia …

PR and politics: ‘Davos of the Desert’ sees mass cancellations
6 years, 2 months ago

PR and politics: ‘Davos of the Desert’ sees mass cancellations

Al Jazeera  

Hailed as the start of Saudi’s economic reform, the Future Investment Initiative is now tainted by the Khashoggi case. — CNN Communications October 12, 2018 But Luciano Zaccara, research coordinator at Qatar University’s Gulf Studies Center, said it remains to be seen if the cancellations will have any long-term effect and if companies are not just pulling out for public …

‘Davos in the Desert’ faces more cancellations over Khashoggi
6 years, 3 months ago

‘Davos in the Desert’ faces more cancellations over Khashoggi

Al Jazeera  

Executives of US private equity firms and credit card company Mastercard are the latest to withdraw from Saudi forum. The political fallout of the disappearance and possible death of Saudi writer Jamal Khashoggi has continued to reverberate around the world, casting a cloud on a major investment conference aimed at promoting Saudi Crown Prince Mohammed bin Salman‘s plans for the …

SoftBank’s deep ties with Saudi Arabia are making investors nervous
6 years, 3 months ago

SoftBank’s deep ties with Saudi Arabia are making investors nervous

CNN  

Hong Kong CNN Business — Masayoshi Son used Saudi Arabia’s oil riches to help him become one of the world’s most powerful tech investors. Shares in Son’s Japanese tech company SoftBank plunged more than 7% in Tokyo on Monday as international pressure intensified on Saudi Arabia over the disappearance of prominent journalist Jamal Khashoggi. Jeenah Moon/Bloomberg via Getty Images Top …

Here’s where Saudi Arabia has invested around the world
6 years, 3 months ago

Here’s where Saudi Arabia has invested around the world

CNN  

London CNN Business — Saudi Arabia has spent the past few years pumping its oil riches into Silicon Valley. Tech companies have been among the major beneficiaries of Saudi Arabia’s bid to diversify its economy, receiving billions of dollars via direct investments from the country’s sovereign wealth fund, or indirectly through a massive fund established with Japan’s SoftBank. Public Investment …

How will Saudi Arabia deal with the stock market plunge?
6 years, 3 months ago

How will Saudi Arabia deal with the stock market plunge?

Al Jazeera  

Saudi shares take a dive in the aftermath of the disappearance of journalist Jamal Khashoggi. The fall comes a day after US President Donald Trump threatened ‘severe punishment’ if Saudi Arabia was found to be responsible for Khashoggi’s disappearance, but Riyadh warned it would retaliate if economic sanctions are imposed on it. As pressure mounts on Saudi Arabia, several US …

Saudi Arabia vows response if Khashoggi case triggers sanctions
6 years, 3 months ago

Saudi Arabia vows response if Khashoggi case triggers sanctions

Al Jazeera  

Riyadh has fired back at threats of economics consequences coming from the US. Saudi Arabia said on Sunday it would retaliate to possible economic sanctions taken by other states over the case of Jamal Khashoggi, state news agency SPA reported. On Saturday, US President Donald Trump vowed “severe punishment” for the Saudis if evidence arises proving they had a role …

Saudi stocks plunge amid pressure over Khashoggi disappearance
6 years, 3 months ago

Saudi stocks plunge amid pressure over Khashoggi disappearance

Al Jazeera  

Uncertainty surrounding the disappearance of Saudi journalist has caused the market to fall, market strategists say. Saudi stocks dove seven percent in early trading on Sunday as the oil-rich kingdom comes under increasing international pressure over the disappearance of journalist Jamal Khashoggi. The index had already dropped three percent on Thursday, following a rout on world stock markets fuelled by …

JPMorgan CEO and Ford chairman pull out of Saudi Arabia’s ‘Davos in the desert’
6 years, 3 months ago

JPMorgan CEO and Ford chairman pull out of Saudi Arabia’s ‘Davos in the desert’

CNN  

New York CNN Business — A growing number of top business leaders are pulling out of a high-profile Saudi investment conference following the disappearance of journalist Jamal Khashoggi. A JPMorgan Chase spokesperson said late Sunday that the bank’s CEO, Jamie Dimon, won’t attend the conference later this month as previously planned. The Saudi business conference, officially titled the Future Investment …

Saudi Arabia’s money was a boon to Silicon Valley. Now it’s a headache.
6 years, 3 months ago

Saudi Arabia’s money was a boon to Silicon Valley. Now it’s a headache.

CNN  

CNN Business — For years, Saudi Arabia has been one of the unofficial banks for the tech industry. Uber received a staggering $3.5 billion in funding from Saudi Arabia’s Public Investment Fund in 2016 and added the Public Investment Fund’s managing director to its board, where he still serves today. The statements highlight the new challenge much of the tech …

Trump’s $110 billion Saudi arms deal has only earned $14.5 billion so far
6 years, 3 months ago

Trump’s $110 billion Saudi arms deal has only earned $14.5 billion so far

CNN  

Washington CNN — President Donald Trump says he doesn’t want a $110 billion arms deal he brokered with Saudi Arabia to unravel over allegations the Gulf kingdom murdered a journalist at its consulate in Turkey. The deal brokered last year between the US and Saudi Arabia was merely a memorandum of intent to fulfill nearly $110 billion in arms sales …

Why Saudi Arabia Would Want to Invest in Elon Musk and Tesla
55 years ago

Why Saudi Arabia Would Want to Invest in Elon Musk and Tesla

Wired  

At first blush, Elon Musk and the Kingdom of Saudi Arabia may appear to be strange bedfellows. But, according to Musk, who recently made news when he talked and tweeted about taking Tesla private, the investors controlling Saudi Arabia's sovereign wealth fund have approached him multiple times since the beginning of last year. The country's ruling family is well aware …

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