An Arab sovereign background has just closed the greatest leverage purchase operation in history: 55,000 million dollars per electronic arts. Paying a 25% premium (in the normal fork), apparently without haggling (definitely abnormal). Closing the operation in record time. And nobody lifts an eyebrow. Because it is supposed to be “only video games.” But they … Read more
Post in development The rumors of this weekend They gave in the nail: Electronic Arts has finally been acquired by an investment group Headed by the sovereign Fund of Saudi Arabia and Private Investment firms Affinity Partners, owned by Jared Kushner –Donald Trump son -in -law-, and Silver Lake. The agreement values each at $ … Read more
Fifty years after the Arabic embargo of 1973, which fired prices and changed the world economy forever, OPEC+ moves again. This time, it is still in the opposite direction. Instead of restricting the offer to make crude oil, the group led by Saudi Arabia and Russia has decided to continue with the open tap. The … Read more
The oil market faces an unexpected turn: the threat to large exporters does not come from the capitals that lead electrification, such as Oslo or Shenzhen, but from the heart of the industry, Saudi Arabia. In a column published in Bloomberg Opinionanalyst David Fickling summarized it with a disturbing metaphor: “The murderer calls from within.” … Read more
He Neom megaprojectit has been the closest to the construction of the great pyramids that Middle East has lived. The project intended Undoil to Saudi Arabia of its dependence on fossil fuels that have supported the country during the last decades, to make it an attractive destination for investments and High purchasing power tourism. According … Read more
Nor the more opulent superyates They seem to be enough when it comes to the holidays of the Saudi royal family. Muqrin Bin Abdulazizancient heir prince of Saudi Arabia and brother of the current monarch Salman Bin Abdulaziz, has given what to talk after arriving with an entourage formed by more than 100 people to … Read more
When years ago The heir prince Mohammed Bin Salman presented the plans of The Linethe gigantic Pharaonic glazed city that Saudi Arabia wants to build in full desert, the idea sounded for science fiction. And it’s normal. Not every day a megalopolis of 170 km long, 200 m wide and huge skyscraper, all thought to … Read more
To the east of Venezuela, the Orinoco oil strip wants to return to its golden age, but faces political, economic and technical challenges. Venezuela has the largest proven oil reserve in the world: 300,878 million barrels. To put it in perspective, Saudi Arabia has in its territory a reserve of 267,000 million barrels. A Treasury. … Read more
In 1973 one of the greatest energy crises of the twentieth century broke out. Yom Kipur war and the oil embargo decreed by Arab countries fired the price of crude oil, which quadrupled in a few months. The consequence was an economic storm: inflation, recession and a deep geopolitical rearrangement that catapulted the OPEC to … Read more
In his Official visit to Saudi ArabiaDonald Trump has been accompanied by an entourage of technological entrepreneurs including Elon Musk, Sam Altman, Lisa his and Jensen Huang. The presence of all these technological executives is justified within the framework of A GREAT COMMERCIAL AGREEMENT Between both countries valued at 600,000 million dollars, which includes the … Read more
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