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1 month ago | 
kdhnews.com | Matthew Martin |Daryna Krasnolutska
By Matthew Martin and Daryna Krasnolutska - Bloomberg News (TNS) Ukrainian and U.S. officials held talks in Riyadh, resuming efforts to end Russia's full-scale invasion as President Donald Trump pushes for a ceasefire. The discussion on Sunday in Saudi Arabia was "productive and focused," and "addressed key points including energy," Ukrainian Defense Minister Rustem Umerov said on social media. U.S. and Russian delegates are expected to hold separate talks on Monday.
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1 month ago | 
investmentnews.com | Matthew Martin |Kurt Wagner |Devon Pendleton
by Matthew Martin, Kurt Wagner and Devon Pendleton Elon Musk invested $150 million to acquire more shares in X last year at a valuation approaching the price he paid for the company’s equity in 2022. Musk, who’s the majority shareholder of the company, has also “expressed willingness” to buy more minority stakes at the same valuation, according to Kingdom Holding Co.’s 2024 annual report. The Saudi investment firm has been a shareholder of X since 2011, when it was still known as Twitter.
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Jan 7, 2025 | 
energyconnects.com | Abeer Abu Omar |Matthew Martin
Saudi Arabia, one of the largest bond issuers in emerging markets last year, has started 2025 with a borrowing spree to fund its vast economic-transformation plan. The kingdom sold $12 billion of bonds on Monday, while the the sovereign wealth fund announced a $7 billion Islamic loan signed with 20 banks. Days earlier, the finance minister said it had raised $2.5 billion from three foreign banks.
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Dec 9, 2024 | 
stuff.co.nz | Matthew Martin
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Dec 1, 2024 | 
flipboard.com | Matthew Martin
2 days agoThe chaos of MLS's postseason proves that soccer in the U.S. exists separate from Europe, with no need to compare Every now and then, a clip of former Manchester United center back Rio Ferdinand goes viral. The Englishman is asked to compare and contrast Cristiano Ronaldo and Lionel Messi, and …
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Nov 24, 2024 | 
fortune.com | Matthew Martin
Morgan Stanley got regulatory approval to locate its Middle East headquarters in Saudi Arabia, joining Wall Street rivals including Citigroup Inc. and Goldman Sachs Group Inc. in expanding their presence in the kingdom.
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Nov 12, 2024 | 
energyconnects.com | Matthew Martin |Dinesh Nair |Nicolas Parasie
Qatar named Mohammed Al Sowaidi as the chief executive officer of its $510 billion sovereign wealth fund, which is set to acquire even more financial firepower in coming years. Al Sowaidi, who joined the fund in 2010, was most recently its chief investment officer for the Americas region and helped establish a US office. He replaces Mansoor Al Mahmoud, who’s led the entity since 2018 — longer than a typical four-year term.
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Oct 27, 2024 | 
fortune.com | Matthew Martin
International executives will have to contend with a region rocked by geopolitical tensions, with the threat of further military confrontation between Israel and Iran at the highest levels in decades. And they will land in a country that is increasingly facing up to the fact that even its vast oil wealth has limits.
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Oct 24, 2024 | 
finance.yahoo.com | Abeer Abu Omar |Matthew Martin
(Bloomberg) -- Days before Saudi Arabia kicks off its flagship investment conference, a handpicked selection of guests will get the first glimpse of Crown Prince Mohammed bin Salman’s trillion-dollar bet that the kingdom has a future beyond oil. An exclusive group of financiers, entertainers and influencers from around the world will this week descend upon Sindalah Island, the first project to open its doors at the planned city of Neom.
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Oct 24, 2024 | 
flipboard.com | Abeer Abu Omar |Matthew Martin
6 hours agoX’s revenue in India plummeted 89.8% to $2.51 million in the financial year ending March, according to regulatory filings from the Elon Musk-owned social network. The company, which had posted revenue of $24.7 million in the previous fiscal year, also significantly reduced its expenses in India to …
