Matthew Martin
9 article(s) here · 1 carrying a prediction
🔮 The Scoop
Saudi Arabia’s sovereign wealth fund is set to meet some of Wall Street’s biggest firms in New York this week as it seeks foreign backing for its spending plans amid cash constraints at home.
🔮 Saudi Arabia may give the UN nuclear watchdog greater inspection powers as part of its attempts to get a nuclear deal with the US approved and head off criticism that the agreement does not sufficiently limit proliferation risks.
🔮 The Luckin investment, which will give Mubadala a significant minority stake in China’s biggest coffee chain, adds to growing economic ties between the two nations.
🔮 Saudi Arabia is expected to be a strong driver for investment banking deals in coming years as it sells more debt and seeks foreign investors.
🔮 While not yet proof that Saudi Arabia’s roughly $250 million investment into Hero Esports will pay off, the event was a reminder that the kingdom can still create spectacles and stick the landing.
🔮 The data center will cost around $1 billion and has already broken ground.
🔮 I would love nothing else but to open HUMAIN to the rest of the world and say this is a great place to invest, a great company to invest in.
🔮 Saudi Arabia’s leading AI firm HUMAIN will launch a large venture capital fund — potentially even bigger than a planned $10 billion vehicle — this year, the company’s chief executive told Semafor, as it looks to position the kingdom at the forefront of the technology.
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