Showing results for "2 march"

‘Woke’ investment falls short in pandemic volatility

  • It has been accepted wisdom for some time that companies that adhere to the ESG rules — standards associated with environmental regulation, social responsibility and corporate governance — deserve a premium over other, more conventional corporations. Lots of consultant hours have been clocked...
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Energy transition begins at home with Saudi Green Initiative

  • The Saudi Green Initiative — to be unveiled with fanfare today — will hammer home the message that the Kingdom will carry into the 2021 UN Climate Change Conference in Glasgow next month: That hydrocarbons will be a vital part of the global energy mix for decades to come, but that the transitio...
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Partnership between Masayoshi Son and Saudi Arabia not just about the money

  • When the mighty Economist devotes a four-page special briefing and its top opinion leader to one subject, you have to sit up and take notice. The movers and shakers who read the influential magazine demand the best analysis. Last week, it focused on the current situation at SoftBank, the Japan...
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Texas oil still a mess despite Trump’s pizzazz

  • As a freeze-frame of the US presidential election, and the key role the energy industry will play when voters get to the polls on Nov. 3, President Donald Trump’s speech in Texas was a fascinating case study. You have to give it to him for theatrical pizzazz. In the heart of the Texas shale in...
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PIF trades its way to profits on stock market resilience

  • DUBAI: Saudi Arabia’s Public Investment Fund (PIF) had another busy time from April to July. It was rather less dramatic than in the first three months of 2020, but significant nonetheless. In the first quarter of 2020, it weighed into global equity markets with nearly $8 billion of investmen...
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In KSA’s year of transformation, it is a case of ‘so far, so good’

  • At the time of the Saudi budget statement back in December, I wrote here that the 2017 fiscal plans were a sign the country was on “the right track toward economic diversification and transformation.” The National Transformation Plan 2020 and Vision 2030 strategy — for which this year is cruc...
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China is welcome in Saudi Arabia, but speculations of buying Aramco are far-fetched 

  • DUBAI: Commercial ties between Saudi Arabia and China have become vitally important for both countries since the visit by Chinese president Xi Jinping in January 2016 that signalled a new era in bilateral relations. ...
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This time, the Gulf IPO wave looks likely to make it ashore

  • Gulf markets are braced for a wave of initial public offerings (IPOs). I wish I’d had a dollar for every time I have read that, or indeed written it. But — maybe, just maybe — this time the prospect of a rush to market by Gulf corporates will actually come to pass....
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US has it in its power to halt global slide to depression

  • It is the oldest truism in the book that the US is the most important economy in the world. “When America sneezes, the rest of the world catches cold,” goes the saying. Now, regardless of who sneezed first to cause the coronavirus disease (COVID-19) pandemic that is ravaging the global econom...
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Saudi Arabia's PIF buying spree is vote of confidence in pandemic recovery

  • We should have seen it coming. Yasir Al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund (PIF), told a virtual gathering of investors last month, “You don’t want to waste a crisis. We’re looking into any opportunities.” Amid the global economic turmoil caused by the coronavirus dis...
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