Saudi Investment Freeze Doesn’t Amount to Much in Canada
August 22, 2018

The decision by Saudi Arabia to halt new investments and unload assets in Canada is likely to have limited impact.

Saudi assets in Canada are confined mainly to stakes in upscale hotel operators, some small stock holdings in companies like Continue reading

Tesla Marks the Latest High-Profile Bet for Saudi Wealth Fund
August 21, 2018

Saudi Arabia’s purchase of a stake of about $2 billion in Tesla Inc. is only the latest high-profile investment by its sovereign wealth fund since 2016.

The Public Investment Fund built up a less-than 5 percent stake in the electric Continue reading

Tesla shares soar after Elon Musk floats plan to take company private
August 16, 2018

Musk tweets plan as it emerges Saudi Arabia has built up $2.9bn stake in tech giant

Elon Musk has launched a campaign to take Tesla private on a day that included several provocative tweets, a suspension (and resumption) of trading Continue reading

As Tesla ConsidersGoing Private, Wall Street Wonders How
August 14, 2018

Elon Musk might have a clear plan for taking Tesla Inc. private. Analysts aren’t convinced.

Reactions to the chief executive officer’s tweet Tuesday that he was considering going private have widely varied on Wall Street. While some analysts say the Continue reading

Musk’s Go-Private Proposal to Be Pored Over by Tesla’s Board
August 12, 2018

Tesla Inc.’s board is forging ahead with its review of Elon Musk’s bold and ambiguous gambit to take the electric-vehicle maker private.

Directors plan to meet financial advisers next week and are likely to tell Chairman Elon Musk to Continue reading

Mueller Wants Manafort Jury to Hear of Lobbying Decades Ago
August 4, 2018

U.S. Special Counsel Robert Mueller argued that jurors who will weigh whether Paul Manafort illegally lobbied for Ukraine should also hear about his work three decades ago for Saudi Arabia and other nations.

Manafort, President Donald Trump’s former campaign chairman, Continue reading

Not Everybody’s Buying the Saudi Story, Even as Money Gushes In
May 27, 2018

Not Everybody’s Buying the Saudi Story, Even as Money Gushes In

  • Hermes’ Greenberg wants ‘real’ change before committing
  • History suggests underperformance after upgrade, Trustus says

While tens of billions Continue reading

Saudis, SoftBank Plan World’s Largest Solar Project
April 1, 2018
  • Venture may cost $200 billion, add 100,000 jobs in the kingdom
  • Plan envisions 200GW of solar capacity in Saudi Arabia by 2030

Saudi Arabia and SoftBank Group Corp. signed a memorandum of understanding to build a $200 billion solar power Continue reading

Everyone From Goldman Sachs to HSBC Wants a Piece of Saudi Banking
November 6, 2017

Saudi Arabia’s ambitious plan to transform its economy away from oil has global banks lining up for a piece of the action.

It’s already the busiest year ever for merger and acquisitions and financing deals in the kingdom and that’s prompting the world’s Continue reading