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...The oil-rich Gulf state’s $700bn Public Investment Fund has armed LIV with all the resources needed to hollow out the US tour by taking some of the best-known names and brightest talents....
...He said the deal made sense in terms of boosting efficiency and ensuring the company had resources that could plug into its large refining and chemicals assets on the Gulf coast....
Also in this newsletter: Saudi Arabia bags the 2034 World Cup without a fight
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Appointment comes after government lifted ban on consultancy tenders imposed over South Africa scandal
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...It is that gulf that made the duo the John Lennon and Paul McCartney of the investment world....
Ride-hailing apps in the kingdom are widely regarded as the region’s worst — in part because of state regulations
...“Brexit is unusual in that it generated persistent uncertainty,” they wrote, differentiating the UK’s decision to leave the EU from other big, one-off shocks such as “the 1973 Opec oil price shock, Gulf...
...That cash flow is being ploughed into both drilling and carbon capture technology, including CO₂ sequestration facilities, transport pipelines and storage concentrated along the Gulf of Mexico coast....
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...A version of this article was first published by Nikkei Asia on September 18. ©2023 Nikkei Inc. All rights reserved....
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
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