Podcasts about public investment fund pif

Brian Ward is the Group CEO of Savvy Games Group, a Public Investment Fund (PIF) company leading investment and long-term growth in global gaming and esports. With nearly 30 years of experience, he previously led worldwide studios at Activision Blizzard and held key roles at Electronic Arts and Microsoft. Under Brian's leadership, Savvy has grown into a major player in the industry with 3,500 employees across 22 countries, aligning with Saudi Arabia's goal of becoming a global gaming and esports hub by 2030. 0:00 Intros6:23 Saudi Gaming Passion10:43 Skills Benefits of Gaming14:05 VR Innovation15:05 Industry Challenges16:55 Evolution of Games18:59 Sports Brand Partnerships25:55 Personal Favorites31:37 Acquisition Growth Success36:01 Horizontal Leadership38:08 Building a Talented Team40:05 Taking Risks Being Adaptable46:03 Overcoming Career Labels47:07 Savvy's Mission Esports Dominance53:22 Final Thoughts Anecdotes

Brian Ward is the Group CEO of Savvy Games Group, a Public Investment Fund (PIF) company leading investment and long-term growth in global gaming and esports.With nearly 30 years of experience, he previously led worldwide studios at Activision Blizzard and held key roles at Electronic Arts and Microsoft. Under Brian's leadership, Savvy has grown into a major player in the industry with 3,500 employees across 22 countries, aligning with Saudi Arabia's goal of becoming a global gaming and esports hub by 2030. 0:00 Intros6:23 Saudi Gaming Passion10:43 Skills & Benefits of Gaming14:05 VR & Innovation15:05 Industry Challenges16:55 Evolution of Games18:59 Sports & Brand Partnerships25:55 Personal Favorites31:37 Acquisition & Growth Success36:01 Horizontal Leadership38:08 Building a Talented Team40:05 Taking Risks & Being Adaptable46:03 Overcoming Career Labels47:07 Savvy's Mission & Esports Dominance53:22 Final Thoughts & Anecdotes

O.D. Kobo is an accomplished alternative asset manager and global investment strategist with nearly three decades of experience in the finance and technology sectors. Kobo specializes in partnering with state-owned enterprises (SOEs) and state-owned investment funds (SOIFs), including sovereign wealth funds (SWFs), to manage and structure large-scale capital initiatives. He has developed a significant network of relationships through collaborations with financial institutions, family offices, and capital market participants across Asia, Europe, Africa, Russia, and the Gulf. Kobo has helped facilitate joint ventures with governments and public-private entities, focusing on mergers and acquisitions and capital raising for high-value projects with an aggregate value exceeding $10 billion dollars. Recognized for his expertise in capital structuring, debt financing, equity formation, and cross-border deal management, he maintains close associations with institutions such as Abu Dhabi Investment Authority (ADIA), Alibaba, Asia Pacific Royalties LP Fund (APAC), Bank of China, Belt & Road EPC LPF (BRF), Chelsfield Partners, China Investment Corporation (CIC), China Mobile, CITIC Group, Focus Media, Haitong Securities, Olayan Group, Public Investment Fund (PIF), and Qatar Investment Authority (QIA). He has also partnered directly with prominent figures, including HH Al Thani (former Prime Minister of Qatar, Chairman of the QIA), Roman Abramovich (Millhouse Capital), Richard Caring (Caprice Holding), Ding Lei (Netease), Teddy Sagi (Labtech, Playtech), among others. In 2018, he led strategic investments in BTC and Ethereum, positioning PIR Equities as one of the UK's early institutional investors in digital assets. Earlier in his career, Kobo built and sold companies to firms including QIA, MetLife, Lenovo, American Movil, Tencent, Yahoo, and NetEase.Chapters: 00:00 Introduction to O.D Kobo00:38 The Stress of High-Stakes Dealmaking01:28 Meeting Odi Kobo: A Personal Story05:48 O.Ds Early Life in Hong Kong06:42 Navigating Cultural Identity10:45 Educational Journey: From Hong Kong to London26:02 First Business Ventures: Lottery.com32:02 Domain Squatting Success40:33 Living the High Life in London46:21 Building an Investment Network48:27 Young Millionaire in Late 90s London49:22 Moving to Hong Kong and Starting Sinoshin50:44 Structuring Deals and Investor Relations53:27 Life in Hong Kong and Early Investments01:00:15 Massive Returns and Managing Investor Expectations01:16:31 Transition to Beijing and Starting 36001:32:11 The Quest for a Hundred Million01:32:42 Meeting Rahman Abdul Alassir01:35:18 The Deal Makers01:37:16 Structuring the Big Deal01:40:38 Scaling the Internet Company01:41:50 The Geneva Meetings01:47:13 The Doha Presentation01:58:14 A New Chapter in London01:58:56 Taking a Year Off02:13:08 Back to Business in Hong Kong02:17:17 The Challenges of High-Stakes Real Estate Deals02:17:52 Building Relationships in China02:18:22 Living in Beijing: The Good and the Bad02:18:43 Understanding the Belt and Road Initiative02:19:42 China's Role in Global Infrastructure02:26:00 The Future of Data Centers02:34:05 The Stress of Moving Large Sums of Money02:37:06 Reflections on Career and Life Choices02:43:55 The Impact of Global Events on Personal Life02:48:24 Concluding Thoughts and Future OutlookGary Lipovetsky: https://www.instagram.com/garylipovetskyO.D Kobo: https://www.instagram.com/odkobo

On this episode, Caroline Donaghue and Priya Rawal welcome a true authority in luxury prime real estate—none other than Super Prime International Real Estate Expert, Giles Hannah!Giles has established himself as a global expert in super-prime property, advising some of the world's wealthiest individuals. His extensive career has taken him from London to the UAE and Saudi Arabia, collaborating with prestigious developers and branded residences, including landmark projects Red Sea Global and AMAALA for Public Investment Fund (PIF). In this conversation, Giles shares insights from his remarkable career journey. It all began at Savills' Knightsbridge flagship office, where he was soon seconded to One Hyde Park, the Mandarin Oriental Residences project that redefined London's luxury real estate scene. From there, he joined the exclusive world of Christie's, gaining unparalleled exposure to the super-rich and the pinnacle of luxury living. Notably, he is known to have spearheaded the record-breaking sale of Château Louis XIV for over $300 million as reported —the highest reported real estate transaction in the world at the time.In recent years, Giles has concentrated his expertise in the Middle East, advising sovereign wealth funds and leading developers on transformative projects across the UAE and Saudi Arabia. And the journey doesn't stop here—2025 promises even more exciting ventures. Stay tuned!Supported by Angel O'Donnell & V1 Architectural Visualisation.Follow Caroline @caroline.donaghue, Priya @priya.rawal.london and the podcast page @therealrendezvous on Instagram and LinkedIn. Produced by BBE Podcast Agency.#therealrendezvous #gileshannah #propertypodcast #realestatepodcast #superprime #primeproperty #primerealestate Hosted on Acast. See acast.com/privacy for more information.

Chinese appliance manufacturer Haier laid the foundation stone for the USD40 million second phase of its eco-industrial complex in Tenth of Ramadan City. With a production capacity of 300k refrigerators and deep freezers and offer around 1k jobs and is scheduled to begin production in the last quarter of 2025.Alexandria for Industrial Development (AID), a JV between Alex Steel and Catalyst Private Equity, is in negotiations with foreign investors to build USD120 million worth of factories in the Suez Canal Economic Zone under turnkey contracts.The Tourism Ministry is in talks with China's Chongqing Gaund Holding Group over the construction, management, and operation of a number of luxury floating Nile hotels.The Egyptian government paid USD1.2 billion of the arrears dues of foreign oil companies of USD3.2 billion last week instead of next October, in efforts to increase natural gas production in the country.A Kuwaiti investor intends to invest in the establishment of an integrated project in the chemicals sector in the Baghdadi Industrial Zone of Luxor Governorate.US Federal Reserve officials signaled the possibility of more big rate cuts this year, with Chicago Fed President Austan Goolsbee saying that the current benchmark interest rate was “hundreds” of basis points above the neutral level.The CBE sold nearly EGP54.5 billion in EGP-denominated, three-year treasury bonds yesterday, over 10x its target of EGP5 billion, with an average interest rate of 24.8%, down from 25.2% in the previous auction.The long-planned merger between state-owned Egyptian Ethylene and Derivatives Company (Ethydco) and SKPC may finally be getting the green light, with unnamed sources telling Al Borsa that the agreement is expected to go through by the end of October after the FRA approves the share swap factor between the companies.Saudi Arabia's Public Investment Fund (PIF) is reportedly looking into acquiring a stake in state-owned firm Egypt Gas, Al Mal reports. EGAS succeeded in signing 11 new oil and gas exploration agreements with international oil companies during FY23/24 with investments worth a minimum of USD925 million.United Bank is heading to the Gulf, Europe, and the US to promote upcoming IPO, slated for 1Q 2025. Up to 49% of the bank could end up on the EGX. Businessman Nagib Sawiris revealed that the volume of OIH's investments in gold mines reaches $1.5 billion.EFIH announced today that its subsidiary eAswaaq, along with Post for Investment, a subsidiary of Egypt Post, have launched the “ECOM Africa” company. The company will develop and operate specialized electronic marketplaces targeting the African market. A local consortium will invest USD450 million to build, manage, and operate a 300k square meter dry bulk terminal in Dekheila Port under an initial agreement inked with the Alexandria Port Authority, according to a Transport Ministry statement. The consortium includes four local private and state-owned firms, Mediterraneo Egypt, Latt Trading and Shipping, a SWDY subsidiary, and the Transport Ministry's Holding Company for Maritime and Land Transport.

Saudi Crown Prince Mohammed bin Salman announced that he has directed Saudi's Public Investment Fund (PIF) to pump USD 5 bn in investments into Egypt as part of the “first phase” of a larger program of investment.The Agreement on Promotion and Mutual Protection of Investments between the two countries will be put into effect in two months or less after both sides sort out the necessary legislative and regulatory issues.A new package of tax incentives for SMEs are soon to be released as part of the government's new tax reform package. The government is reconsidering its decision to sell the Siemens-built Beni Suef power plant, unnamed government sources told Al Arabiya. Saudi energy player ACWA Power is considering investing USD1.5 bn in a new project in Egypt, the company's vice chairman, Raad Al Saady, said.Egypt's wheat imports increased 30% y-o-y in 1H 2024 to USD2.3 bn.The number of taxpayers with the Egyptian Tax Authority increased during 8M2024 by 105% compared to the same period last year.We published our 2Q24 Cement Wrap Up report yesterday; we upgraded our FV for ARCC to EGP17.80/share with Overweight recommendation, we upgraded our FV for MBSC to EGP53.30/share with Overweight recommendation, and we upgraded our FV for MCQE to EGP26.00/share with Equalweight recommendation. EGAL is in serious talks with the German company Achenbach over its potential investment and funding of EGAL's aluminum foil production line with estimated investments of USD100 million. MCQE to distribute EGP0.5/share for FY23 over two equal installments, as previously approved by the general assembly. Record date is 25 September 2024. Distribution date of first installment is 30 September 2024. Distribution date of second installment is 28 November 2024. The Industry Ministry is looking into contracting local and foreign private players to take over the management and operation of three industrial zones.Hisham Ezz Al Arab appointed as CIB's CEO and board member, taking over from Hussein Abaza, who took a three-year stint at Banque du Caire as its CEO, taking over from Tarek Fayed. While Neveen Sabbour will replace Ezz Al Arab as non-executive chairman. The FRA has updated the regulations that govern mergers and acquisitions of NBFIs in a move aimed at enhancing competitiveness and streamlining the approval process, according to a statement.  CICH will introduce a cash incentive scheme for employees, executive board members, and its subsidiaries after its board greenlit the move in principle. The scheme will allocate 3% of the company's fair value for the FY ending in 2025 and will be paid in EGP after 31 December 2025.Majid Al Futtaim has announced a strategic partnership with HRHO's consumer finance arm, ValU, to launch a gift card procurement service to provide flexible payment solutions.City Lab is set to finalize its acquisition of Cairo Clinical Labs, with the two sides agreeing to ink the final agreement tomorrow, City Labs said in an EGX disclosure. Egyptian Drug Holding Company received five offers from investment banks to manage the public offering of Chemical Industries Development Company-CID and Misr Pharma on the EGX.  Fertilizers exports declined by 20% YoY during 1H24 to USD1.085 billion, from USD1.358 billion in 1H23.According to local media, CIRA is close to completing the latest issuance of future rights securitization bonds worth EGP500 million early next month.

Hour 3 - Besides 2021 this might be Brian Snitker's best coaching job Mike, and Beau kick off the final hour of this Friday edition of The Morning Shift with Fair or Foul Friday hosted by Dylan Mathews! Next, Mike, and Beau continue the final hour by spending some time with 92.9 The Game's own Braves insider and reporter, Grant McAuley! Beau, Mike, and Grant discuss the Braves getting a scrappy series win over the Phillies with their 3-2 win over the Phillies last night, if the Braves are going to build on the momentum they have right now, Spencer Schwellenbach continuing to improve, the Braves having to manage Schwellenbach's workload down the stretch, and if this season is Brian Snitker's best coaching job as the Braves Manager besides the 2021 season. Finally, Mike, and Beau close out this Friday edition of The Morning Shift by giving their final thoughts on the Atlanta Falcons signing cornerback A.J. Terrell to a four-year, $81 million-dollar contract extension. Then, Mike dives into the life of Beau Morgan in The Life of Squid! On this edition of The Life of Squid, Beau “Squidbilly” Morgan, and Mike let you hear Miami of Ohio Head Football Coach Chuck Martin passionately tell a reporter how the Alabama Football program stole their kicker. Mike and Beau react to what Coach Martin had to say as well. Then, Mike and Beau finish up this edition of The Life of Squid by reacting to the Public Investment Fund (PIF) of Saudi Arabia trying to get into college football with NIL and sponsoring college football programs

On today's DNVR Buffs Podcast, RK and Jake discuss the insane story of Trevor Reilly seeking out NIL funding from Saudi Arabia's Public Investment Fund (PIF). Pro Football Hall of Famer Ed Reed is in Boulder hanging out with Coach Prime and the Buffs. Jake catches RK up on the latest headlines including Colorado's presence on the Senior Bowl watch list, the latest rumblings out of Buffs' practice, recruiting news and more.Start - 0:00Some Trevor Reilly background - 3:30A state of Buff Nation with RK - 18:00Another gold jacket in Boulder - 31:30George Helow hired - 39:30Odds & ends - 40:30Questions - 47:50Superchats - 50:50An ALLCITY Network ProductionPARTY WITH US: https://thednvr.com/eventsALL THINGS DNVR: https://linktr.ee/dnvrsportsSUBSCRIBE: https://www.youtube.com/c/DNVR_SportsZbiotics: Go to https://zbiotics.com/dnvrbuffs to get 15% off your first order when you use DNVRBUFFS at checkout. Pre-Alcohol is backed with 100% money back guarantee so if you're unsatisfied for any reason, they'll refund your money, no questions asked.Coach Prime wants to help you and other Coloradans be your healthiest selves as the Chief Motivation Officer of UCHealth's Ready. Set. CO challenge. If you want to join the challenge, go to https://www.uchealth.org/readysetcoMint Mobile: To get your new 3-month unlimited wireless plan for just 15 bucks a month, go to https://mintmobile.com/buffs.  $45 upfront payment required (equivalent to $15/mo.). New customers on first 3 month plan only. Speeds slower above 40GB on Unlimited plan. Additional taxes, fees, & restrictions apply. See MINT MOBILE for details.Visit Your Front Range Toyota Stores at a location near you - Toyota is the official vehicle of DNVR.Get Coors Light delivered straight to your door with Instacart by going to https://coorslight.com/DNVR. Celebrate Responsibly. Coors Brewing Company, Golden, Colorado.For the DNVR Buffs Road Trip to Nebraska (9/6 - 9/8), Head to https://truefantravel.com/trips/ to book your spot today!This episode is brought to you by BetterHelp. Give online therapy a try at https://betterhelp.com/dnvr today to get 10% off your first month and get on your way to being your best self.Let's level up your nicotine routine with Lucy.  Go to https://lucy.co/buffs and use promo code BUFFS to get 20% off your first order. Lucy offers FREE SHIPPING and has a 30-day refund policy if you change your mind.Download the Gametime app, create an account, and use code BUFFS for $20 off your first purchase. Terms apply.Head over to https://chinookseedery.com and use code BUFFS for 20% off your order! Best seeds ever.Check out FOCO merch and collectibles here https://foco.vegb.net/DNVR and use promo code “DNVR10” for 10% off your order.Download the Circle K app and join the Inner Circle or visit https://www.circlek.com/inner-circle!Sign up on the Volo app using code DNVR3 to get Volo Pass for only $10/month for the first 3 months.Use code DNVRBUFFS50 to get 50% OFF your first Factor box and 20% off your next month with any active subscription at https://factormeals.com/dnvrbuffs50.Rugged Road: Gear up for your next adventure with Rugged Road Coolers - Your ultimate outdoor companion! Head to https://ruggedroadoutdoors.pxf.io/allcity and use code DNVR for 10% off! bet365: Go to https://www.bet365.com/olp/open-account?affiliate=365_02162536 or use code DNVR365 when you sign up! Must be 21+ and physically located in CO.  Please gamble responsibly. If you or someone you know has a gambling problem and wants help call or TEXT 1-800-GAMBLER When you shop through links in the description, we may earn affiliate commissions. Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. Fair use is a use permitted by copyright statute that might otherwise be infringing.

Real Madrid and Vinicius Junior are set to reject a staggering €1 billion deal with Saudi Arabia's Public Investment Fund (PIF) interested in bringing the Brazilian to the Saudi Pro League. Plus other updates.

Foreign investments in the secondary market for treasuries recorded a net sale on Monday of EGP1.7 billion, the first after the EGP flotation early March. Foreigners bought EGP326 million worth of treasuries and sold about EGP2.04 billion. American energy company Apache invested USD137 million in exploration activity in Egypt during the 1Q24. The government is looking to cut down on its spending on bread subsidies to bring the selling price closer to the “massive” cost of production, Prime Minister said. He explained that the government will continue to subsidize bread. Prime Minister also signaled that we could see more fuel price hikes as the state looks to “restore balance” between cost of production and end price by the end of 2025. This will happen “gradually” and will not include diesel. Prime Minister said that the Electricity Minister will prepare a plan as to how the government can completely cut its spending on electricity subsidies over the coming four years. Households with light consumption will continue to see their electricity bill heavily subsidized but the government will be able to cover the cost through other outlets. The government is looking into importing wheat from Mexico, Zimbabwe, and Sweden in a bid to diversify its wheat across different continents, a government official said.  Prime Minister said that he assigned the Ministers of Electricity and Petroleum to develop a clear plan to bring load-shedding to an end, with the end of daylight saving time, no later than next November or December. The USD concessions by individuals and companies to banks and exchange offices since 6 March 2024 has reached about USD3 billion, sources said. Saudi Arabia's Public Investment Fund (PIF) is in talks to acquire an unspecified minority stake in local agriculture firm Daltex Corporation through a capital increase. GV Investments' automotive arm GV auto will start locally manufacturing Chinese state-owned auto manufacturer FAW Group's cheapest EV model in 1Q25. The production will mainly target ride-hailing services.. The companies will spend up to USD20 million on industrial facilities.We issued a valuation update for BINV where we maintain our Overweight recommendation on an updated FV of EGP34.17/share given the company's recent round of new investments. CNFN subsidiary, Sarwa Insurance, targets EGP80 million in profits by the end of this year and plans to increase its paid-in capital from EGP138 million to EGP250 million during the first half of the fiscal year 2024-2025.

This week, Dan Cooper explores the transformative impact of Saudi Arabia's financial influence on global sports. From Cristiano Ronaldo's move to the Saudi Pro League to hosting the 2034 World Cup, Saudi investment is reshaping football, Formula One, golf, and more. As the Kingdom's Public Investment Fund (PIF) continues to expand its reach, the implications for the future of sports, ethics, and the magic of the game are profound. Tune in now:  

SUPPORT THE PODCAST ❤️ Become a Patron: https://www.patreon.com/bryanair   By becoming a BAP Patreon, you will get access to Patreon only episodes and your name will feature during the video production of the show.   ON THIS EPISODE OF THE BAP ✈️   - SAA's Public Private Partnership deal falls flat  - Cemair Passenger spends the night in jail  - The preferred Mango bidder is finally revealed  - Airlink Investigates SAA - E2's get ETOPS - Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is reportedly in initial discussions to purchase the national carrier - Bryan Air CEO gets a 100m usd bonus this year - oh sorry Ryan Air   LISTEN NOW

Lucien Zeigler sits down with an exclusive conversation with Jerry Todd, Head of the National Development Division at the Public Investment Fund (PIF) of Saudi Arabia, in a new format and program called 966 Live, recorded at PIF studios in a fireside chat style of engagement.Jerry Todd, who is also on the PIF's Management Investment Committee, speaks with Lucien about a range of topics related to the PIF's investment in key sectors in the local economy, human capital in Saudi Arabia, the development of strong supply chains and competitive ecosystems, and more. The conversation takes place just days before the PIF is launching its second annual major forum in Riyadh, called the Private Sector Forum, which will see the massive sovereign wealth fund engaging directly with private sector partners as the PIF continues to develop the local content ecosystem. That Forum, which is set to be at least twice the size of the inaugural event in 2023 in Riyadh, will feature panel discussions, fireside chats, an exhibition for the PIF's 80+ companies to engage with private sector suppliers, and more. The conversation begins with a discussion of the Forum and what it hopes to accomplish. Then, Lucien asks Jerry about the PIF as an investment institution. How can the PIF “crowd-in” competing companies in spaces in which it is operating to create a thriving local ecosystem? The conversation then steers to a discussion of Musahama, the formal name of the PIF's wide-ranging efforts to achieve important local content goals, and how PIF companies are working toward achieving a local content target of 60% by 2025.Jerry Todd is a member of the PIF Management Investment Committee. Prior to joining the PIF, he served as a Managing Director and Head of Business Development for NCB Capital, the largest investment bank in Saudi Arabia (2014-2020). Previously, he was a Managing Director and Head of Private Equity and Investment Banking at Jadwa Investment, a Saudi merchant bank (2007-2014). Mr. Todd was an Associate Principal at McKinsey & Company, where he focused on identifying and evaluating investment opportunities, developing and implementing growth strategies, and creating high performing organizations (1999-2006). Early in his career, Mr. Todd worked as an Energy Engineer for Dobbs International and Johnson Controls (1994-1997). Mr. Todd holds an MBA from Cornell University (1999) and a B.S. in Mechanical Engineering from Christian Brothers University (1994).

The Public Investment Fund of Saudi Arabia took over football, and greater sports world. The Public Investment Fund (PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$776 billion (£538 billion).

To round off Season 5, the team are taking the podcast to COP28 in Dubai and providing listeners with a bit of texture including what the event was like to attend, as well as sharing a snapshot of some of the varied voices and discussions that took place. Having had a little time for reflection, Alicia, Chris and Patrick also offer their thoughts and takeaways on what this COP might mean for the future.COP28 was the first in nearly 30 years to feature hydrogen as part of the Presidential Action Agenda with Daria Nochevnik of Hydrogen Council (also former EAH guest) as the Special Hydrogen Advisor to the COP Presidency, H.E. Dr. Sultan Ahmed Al-Jaber. ---Speakers Featured (in order of appearance)•⁠ ⁠Mohamed Jameel Al Ramahi, Masdar CEO•⁠ ⁠Marie-Anaïs Esprit, Natixis Corporate & Investment Banking •⁠ ⁠Eng. Nawal Alhanaee, Director of Future Energy at the UAE Ministry of Energy & Infrastructure •⁠ ⁠Princess Mishel Bint Saud Al Shalan, Public Investment Fund (PIF) of the Kingdom of Saudi Arabia, courtesy of her uncle, Modern Group Chairman HRH Prince Turki bin Abdulrahman bin Abdulaziz Al Saud•⁠ ⁠Kiruthika Sadagopan, Reliance Industries ‘Intrapreneur'•⁠ ⁠Ana Mario Pinto, Inter-American Development Bank (IDB) Transport Division Chief •⁠ ⁠Jeremy Nixon, ONE Singapore CEO and World Shipping Council Co-Chair•⁠ ⁠Jean-François Gagné, Clean Energy Ministerial (CEM) Secretariat •⁠ ⁠David Shukman, Grantham Research Institute on Climate Change Visiting Professor in Practice •⁠ ⁠Arsenio Dominguez, International Maritime Organization (IMO) Secretary General - ElectSpecial thanks to Nelson Mojarro of International Chamber of Shipping (ICS) Decarbonization Innovation Lead and team who organized an incredible two-day shipping event including the inaugural COP28 Presidency High Level Shipping Ministerial.

On today's podcast we've got the latest on the Saudi private sector job creation being at a 9 year high with PMI numbers showing the Saudi private sector continuing to grow - all of that with Daniel Walker, senior economist at Emirates NBD. Plus, we're live from Dubai CommerCity this week so we speak to Faisal Jassem, Senior Director of Sales here about this being the first and leading free zone dedicated exclusively to digital commerce in the Middle East Africa and South Asia (MEASA) region. We go live to Riyadh to speak to Phil Hine, Human Capital Advisor, Public Investment Fund (PIF) on Saudi Arabia's non-oil sector that's experiencing a significant increase in employment. Finally, could AI create a world where no one needs a job? We'll find out more with the CEO of Tripler. See omnystudio.com/listener for privacy information.

A RadioCycling special report reveals how Saudi Arabia's Public Investment Fund (PIF) may be part of the proposed new league that promises to revolutionise and change cycling forever.PIF, who have invested heavily in football, golf, boxing and F1, have held discussions with the major stakeholders of the mooted league.RadioCycling has been informed that the league has been in the works for the past three years, and that five major teams are involved.The league is the brainchild of Jumbo-Visma's general manager Richard Plugge, who is also the man behind One Cycling, a new entity that aims to make cycling sustainable.The UCI, cycling's governing body, are on board; ASO, the Tour de France owners, have also had meetings.In a special RadioCycling episode, we hear exclusively from Plugge, from EF Education-EasyPost's manager Jonathan Vaughters, and explain more about the proposed league, its format and planned launch date.We also reveal details of an explosive letter that has been sent to Plugge from other WorldTour teams, expressing their deep mistrust of him, and their unhappiness. As it stands, many teams are opposed to the new league and One Cycling.This podcast is brought to you with the support of our sponsor, Saddle Skedaddle. Support the show

台南買房， 安南X南科「清景麟美學」CP值最強！輕鬆 2 字頭成家，比理財專家還精明買在重劃起漲點，開心有房享增值政府新青安貸款挺您，清景麟再加碼想有車又有房，就趁這次馬上預約 >>https://link.fstry.me/3M1mE8Z —— 以上為 FMTaiwan & Firstory DAI 動態廣告 —— ------------------------------- 強化英語課程資訊 ------------------------------- 「社會人核心英語」有聲書課程連結：https://15minsengcafe.pse.is/554esm ------------------------------- 15Mins.Today 相關連結 ------------------------------- 歡迎針對這一集留言你的想法： 留言連結 官方網站：www.15mins.today 加入Clubhouse直播室：https://15minsengcafe.pse.is/46hm8k 訂閱YouTube頻道：https://15minsengcafe.pse.is/3rhuuy 主題投稿/意見回覆 : ask15mins@gmail.com 商業合作/贊助來信：15minstoday@gmail.com ------------------------------- 以下有參考文字稿～ 各播放器有不同字數限制，完整文稿可到官網搜尋 ------------------------------- 國際時事跟讀 Ep.K658: Saudi Arabia's Ambitious Soccer Revolution Saudi Arabia is making headlines in the world of soccer with its ambitious efforts to reshape the global soccer landscape. The country's actions have raised eyebrows and sparked debate about its motivations. While many criticize it as "sportswashing," Saudi Arabia's significant investments in soccer have far-reaching implications that go beyond the sport itself. 沙烏地阿拉伯正以其雄心勃勃的努力在全球足球領域掀起話題，試圖重新塑造全球足球版圖。該國的行動引起關注，並引發了有關其動機的辯論。雖然許多人批評它是“運動洗白”，但沙烏地阿拉伯對足球的重大投資具有超越體育本身的深遠影響。 One of the most eye-catching moves was when Al-Hilal, a Saudi Arabian club, reportedly attempted a $1.1 billion bid to sign French soccer sensation Kylian Mbappé. Despite Mbappé rejecting the offer, other high-profile transfers, such as Neymar Jr. joining Al-Hilal, have demonstrated Saudi Arabia's determination to transform its domestic soccer league into a star-studded competition. In a record-breaking transfer window, Saudi Pro League (SPL) clubs spent nearly $1 billion to acquire 94 overseas players from top European leagues, signaling their seriousness. 最引人注目的行動是沙烏地新月足球俱樂部（Al-Hilal）據報試圖以高達11億美元的價格簽下法國足球巨星基利安·姆巴佩（Kylian Mbappé）。儘管姆巴佩拒絕了這一報價，但其他高知名度的轉會，例如內馬爾（Neymar Jr.）的加盟，表明了沙烏地阿拉伯改造其國內足球聯賽成為星光熠熠競爭的決心。在一個創紀錄的轉會窗口中，沙烏地職業足球聯賽（SPL）俱樂部花費近10億美元，從歐洲頂級聯賽獲得了94名海外球員，顯明了他們的認真程度。 Saudi Crown Prince Mohammed bin Salman has openly acknowledged the term "sportswashing" but remains undeterred, emphasizing the economic benefits of sports investment. Saudi clubs, including those owned by the Public Investment Fund (PIF), have attracted some of the biggest names in soccer. This strategy is aimed at enhancing competitiveness and developing local talent while bolstering the country's global standing in the sport. 沙烏地阿拉伯王儲穆罕默德·本·薩爾曼公開承認了“運動洗白”這一術語，但他並未感到氣餒，強調體育投資的經濟利益。包括沙烏地阿拉伯公共投資基金（PIF）所擁有的在內，俱樂部吸引了一些足球界的知名人物。這個策略目標在增強競爭力，培養本地人才，同時提升國家在這項運動中的全球地位。 Saudi Arabia's soccer revolution serves multiple purposes. It appeals to the country's young population, offering them a thriving soccer industry and diverting potential social unrest. Additionally, the nation's aspirations to host major sporting events like the FIFA Club World Cup and the AFC Asian Cup showcase its commitment to becoming a sporting hub. However, these efforts also raise concerns about transparency, human rights, and the potential influence of Saudi wealth in the global sports landscape. 沙烏地阿拉伯的足球革命具有多重目標。它吸引了國內年輕人口，為他們提供了一個蓬勃發展的足球產業，分散了潛在的社會動盪。此外，該國希望主辦像FIFA世界杯和亞足聯亞洲盃等重大體育賽事，展示了其成為體育中心的承諾。然而，這些努力也引起了有關透明度、人權以及沙烏地阿拉伯財富在全球體育領域潛在影響的擔憂。 Saudi Arabia's foray into soccer is a complex story, blending economic aspirations with political considerations. While it seeks to elevate its soccer prowess, the world watches closely, both excited by the potential and wary of the implications for the future of the sport. 沙烏地阿拉伯對足球的投入是一個複雜的故事，將經濟抱負與政治考量融合在一起。儘管它試圖提升其足球實力，但全球也都在密切關注，既對其潛力感到興奮，又對這項運動的未來充滿警惕。 Reference article: https://edition.cnn.com/2023/09/20/sport/saudi-arabia-soccer-spl-bin-salman-intl-spt-cmd-dg/index.html

Dr. Robert Mogielnicki, Senior Resident Scholar at The Arab Gulf States Institute in Washington and professorial lecturer at George Washington University joins The 966 to discuss the growing size and role of the Kingdom's sovereign wealth fund, the Public Investment Fund (PIF). Robert has previously characterized the PIF as, “screaming onto the scene” with an “everything, everywhere, all-at-once investment approach.” The 966 hosts dive into that, and many other PIF related topics and questions. Before that, the hosts discuss Richard's One Big Thing, the Saudi bid for the World Cup in 2034. Then, the hosts discuss Lucien's One Big Thing, the upcoming 7th FII Initiative in Riyadh in just a few weeks. Richard's One Big Thing is Saudi Arabia's bid for the World Cup in 2034. The Saudi announcement came shortly after FIFA named Morocco, Spain and Portugal as hosts of the 2030 World Cup, with Uruguay, Argentina and Paraguay hosting the opening matches to mark the tournament's centenary, per Reuters. "Saudi Arabia's inaugural FIFA World Cup bid is backed by the country's growing experience of hosting world-class football events and its ongoing plans to welcome fans across the world to the 2023 FIFA Club World Cup and 2027 AFC Asian Cup."Lucien's One Big Thing is the upcoming 7th Future Investment Initiative which will take place in Riyadh in just a few weeks. The new theme and slogan (which it rolled out earlier this year) is “The New Compass." Lucien notes that in recent years, the FII conference in Riyadh was a truly massive and frankly an impressive sight to be seen, but that might change slightly in coming years as the FII Institute becomes established and serializes the event in different formats around the world throughout the year. Dr. Robert Mogielnicki, Senior Resident Scholar at The Arab Gulf States Institute in Washington and professorial lecturer at George Washington University joins The 966 to discuss the growing size and role of the Kingdom's sovereign wealth fund, the Public Investment Fund (PIF). Robert has previously characterized the PIF as, “screaming onto the scene” with an “everything, everywhere, all-at-once investment approach.” The 966 hosts dive into that, and many other PIF related topics and questions.

Global Investment Company Limited, owned by Emirati businessmen Mohammed Alabbar and Abu Bakr Abdullah Al-Husseini, has acquired 30% of EAST (FV: EGP24.72, OW) at USD 625 million. The transaction implies a price/share of EGP28.90 and a 23/24 P/E of 10.1x. The price is above our FV by 14.5% and 34% above yesterday's market price. USD150 mn will be made available for purchasing the needed imported raw materials to ensure the resumption of production. EAST is currently trading at FY23/24 P/E of 7.5x and an EV/EBITDA of 3.6x.Eni and its partners will invest USD 7.7 bn in their Egypt exploration operations over the next four years.The government has purchased hedging contracts covering 35% of its estimated oil imports for the FY23/24. The contracts lock in crude purchases at around USD 75-80 per barrel, below the USD 85 per barrel price projected in the FY 2023-2024 budget. The government expects the country to import around 100 mn barrels of crude this year.The EGP is reportedly now trading at 38-39 per USD in the parallel market — down from highs of 41 last week — as local banks step in to meet demand among importers for the USD. (Al Arabiya)CLHO (FV: EGP5.30, OW) reported 2Q23 net attributable profit of EGP97 million in 2Q23 (+41.2% YoY, +2.2% QoQ), impacted by margin contraction despite revenue growth. In 1H23, net attributable profit came in at EGP191 million (+16.3% YoY). We downgraded our FV to EGP5.30/share, down from EGP6.50/share. CLHO is currently trading at 2023f P/E of 13.8x and EV/EBITDA of 6.9x.ORAS (FV: EGP181.70, OW) announced that the contract signed with the Egyptian National Railways (ENR) to modernize and upgrade the Cairo-Beni Suef railway corridor in Egypt, in consortium with Thales, is valued at EUR340 million, funded by the World Bank.EGAL (FV: EGP53.58, OW) confirmed in a release to EGX that it is not among 14 companies being sued by the Egyptian Competition Authority (ECA) over alleged price-fixing. The Public Investment Fund (PIF) is on course to take over two of Saudi Arabia's largest steel producers to create a giant national entity. MCQE (FV: EGP20.17, EW) to distribute a cash dividend of EGP0.75/share for FY22 over two tranches. with a dividend yield of 3.9%.MCRO launched 20 new products in the local market during 1H23 as part of its expansion plan. The company is still studying the opening of new export markets in Saudi Arabia and the United Arab Emirates.The Head of the Pharmaceutical Industry Chamber of the Federation of Industries expects the release of raw materials and production requirements worth USD120- USD130 million to pharma producers this month.MNHD signed an MoU with CCAP subsidiary, ASEC Automation, to develop the infrastructure and road network for MNHD's Cavana project on the Sarai land plot, with cost estimated at EGP100.0 million and delivery expected within 12 months.According to local media, RTVC intends to start development of its two projects on the North Coast and in New Cairo before the end of 2023.The Egyptian Railway Authority received offers from 12 local technology companies to implement comprehensive electronic digitization for all services available to passengers and investors, according to local press.Weekly Commodities Update |        Last Price            WoW Change, %Brent, USD/bbl            88.6     4.8%Diesel-HSFO Spread, USD/ton          391.8   -5.2%Egypt Urea, USD/ton  467.0   0.0%Polyethylene, USD/ton           1,070.0            0.0%Polypropylene, USD/ton         940.0   0.0%Steel/Iron Ore Spreads, USD/ton       369.1   -2.0%LME Aluminum Cash Price

This episode is about the ESG scorecard. We covered topics - Purpose of an ESG Scorecard - ESG Score vs ESG Scorecard - S in ESG is based on the country - Evidence-based approach benefits - Investment Managers are the primary audience - Story of an aha moment while working on Scorecard - Practical research approach to address value creation - Independent Assessment + External Rating - Measure the impact of a scorecard - Is it important that stakeholders spend more time on the scorecard? - UseCase of integrating ChatGPT into ESG Scorecard that is untapped ---- Important Links Guest - https://www.linkedin.com/in/prasgengatharan/ Public Investment Fund (PIF) - https://www.linkedin.com/company/pifsaudi/ ---- ESG Scorecard 2X Formula - Do you want to double the impact of your ESG Scorecard? This means you will 2X the time users spend on your scorecard, twice the number of visitors and two times the count of feedback. Download Now by clicking this link https://73bit.com/2x

In this episode of the Pull Hook Golf podcast, we explore the aftermath of the Travelers Championship, preview the upcoming Rocket Mortgage Classic, and breakdown the groundbreaking partnership between the PGA TOUR and the Public Investment Fund.We kick off the episode by recapping the Travelers Championship, where Keegan Bradley claimed victory in a thrilling finish. We also share Rory McIlroy's comments about his experience at the tournament and discuss the exciting moments that unfolded. Plus, we reveal the results of our penny bets and see who came out on top.Next, we shift our focus to the Rocket Mortgage Classic, providing you with a comprehensive preview of the tournament. Get ready for an overview of the course, insights into the participating players, and our predictions as we place our penny bets for this exciting event.In a thought-provoking segment, we delve into an article by Eamon Lynch titled "Patrick Cantlay coup signals Jay Monahan's grasp on power." Join us as we analyze the article, highlighting key takeaways and examining the influence of PGA TOUR Commissioner Jay Monahan on player dynamics.But that's not all! We also give you an exclusive sneak peek into the LIV Golf event at Valderrama. Discover the unique format, learn about the players involved, and listen in as we make our bold predictions for this upcoming event.Lastly, we unveil a groundbreaking partnership that is set to shape the future of golf. Find out all the details about the PGA TOUR's collaboration with the Public Investment Fund (PIF), including their objectives, decision-making processes, and regulatory oversight. It's an exciting new era for the sport, and we break down what it means for golf enthusiasts worldwide.Tune in to the Pull Hook Golf podcast to stay up to date with the latest golf news, tournament highlights, insightful discussions, and exciting predictions. Don't miss this episode packed with thrilling updates, thought-provoking insights, and the unveiling of a game-changing partnership. Listen now and join us on this golfing adventure! Hosted on Acast. See acast.com/privacy for more information.

Saudi entrepreneurs Sara Bin Laden and Renad Aljefri, recent WIN fellows, join The 966 from Jeddah to discuss their experiences and journeys to-date. Renad and Sara recently took part in the second cohort of the Atlantic Council's Women Innovators Fellowship, known as the WIN fellowship - a program launched by the empowerME initiative of the Rafik Hariri Center for the Middle East, by venture capitalist Amjad Ahmad. Before the conversation with Sara and Renad, the hosts discuss Richard's One Big Thing, the PIF's investments in Saudi football and the Saudi Pro League, as well as a discussion of the new names that will be playing in the Kingdom, like Karim Benzema and N'Golo Kanté, and Messi's decision to go to Miami. Then the hosts discuss Lucien's one big thing, the mixed picture presented by recent VC numbers in the MENA region. The hosts conclude as always with the program's "Yallah!" segment, featuring 6 top storylines on Saudi Arabia to get you up to speed heading into the weekend. 4:35 - Richard's One Big Thing, the PIF's investments in Saudi football and the Saudi Pro League, as well as a discussion of the new names that will be playing in the Kingdom, like Karim Benzema and N'Golo Kanté, and Messi's decision to go to Miami.26:38 - Lucien's One Big Thing is the mixed picture presented by recent VC numbers in the MENA region. May represented a bounce-back of sorts for the MENA VC and startup ecosystem, with venture funding into the region's startups touched $445 million spread across 39 transactions, compared to $7 million raised across 11 deals reported in the preceding month, according to a monthly report in Wamda. The UAE accounted for 90 per cent of the total raised during the period, but Saudi Arabia saw the most total investments into deals with 15. Saudi Arabia topped the charts thanks primarily to the graduation of seven homegrown startups from the Flat6labs Riyadh accelerator prorgram, headed by Riyadh-based venture capitalist Eyad Albayouk.38:34 - Saudi entrepreneurs Sara Bin Laden and Renad Aljefri, recent WIN fellows, join The 966 from Jeddah to discuss their experiences and journeys to-date. Renad and Sara recently took part in the second cohort of the Atlantic Council's Women Innovators Fellowship, known as the WIN fellowship - a program launched by the empowerME initiative of the Rafik Hariri Center for the Middle East, by venture capitalist Amjad Ahmad. The WIN Fellowship program is a collaboration between the Atlantic Council and Georgetown University, offering a structured fully sponsored yearlong executive training program, mentoring and networking opportunities with leading U.S. and MENA business executives, government officials, and policy experts. The top participants, and Renad and Sara were both selected for this - attend a fully sponsored trip to the United States for leadership training at Georgetown and meetings with US business and government leaders.1:08:45 - Yallah! 6 top storylines to get you up to speed heading into the weekend. Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Saudi's energy ministry said the country's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years. OPEC+ has in place cuts of 3.66 million bpd, amounting to 3.6% of global demand, including 2 million bpd agreed last year and voluntary cuts of 1.66 million bpd agreed in April.U.S. Secretary of State Antony Blinken had an "open, candid" conversation with Saudi Crown Prince Mohammed bin Salman about a wide range of bilateral issues, a U.S. official said. Blinken's visit came days after top crude exporter Saudi Arabia pledged to deepen oil output cuts on top of a broader OPEC+ deal to limit supply, as it seeks to boost flagging oil prices despite opposition from the U.S. administration. Blinken and the crown prince met for an hour and forty minutes, a U.S. official said, covering topics including Israel, the conflict in Yemen, unrest in Sudan as well as human rights. The Iranian embassy in Saudi Arabia has been reopened at a ceremony attended by Iranian Deputy Foreign Minister for Consular, Parliamentary and Expatriate Affairs Alireza Bigdeli. The previous day, on June 5, the Iranian foreign ministry had announced that the Riyadh embassy, consulate-general in Jeddah and the Iranian mission to the Organization of Islamic Cooperation (OIC) would be officially reopened on June 6 and 7. IATA — an association that represents around 300 airlines in 120 countries — forecasted that the global aviation industry's profits are expected to reach $9.8 billion in 2023, more than double the $4.7 billion forecast in December, driven by pent-up demand for air travel following the pandemic.  Revenue passenger-kilometers for Middle Eastern carriers stands at 88% of 2019's figures, showing the airlines in the region have already been making strong progress. GCC carriers will be at the forefront of the surge in passenger numberswhich IATA expects to double in the region to 550 million by 2040. The PGA TOUR, DP World Tour and the Public Investment Fund (PIF) announced a landmark agreement to unify the game of golf, on a global basis. The parties have signed an agreement that combines PIF's golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses and rights of the PGA TOUR and DP World Tour into a new, collectively owned, for-profit entity to ensure that all stakeholders benefit from a model that delivers maximum excitement and competition among the game's best players. The UK Government will be eliminating the need for visit visas for individuals from the UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, and Jordan. Instead, these individuals will have the option to obtain an Electronic Travel Authorisation that will be valid for two years, and the cost for this will be only £10 ($12). This change will align the entry requirements for Gulf travellers and Jordanians with those of US and Australian citizens.

As the dust continues to settle on the monumental news of the PGA TOUR, DP World Tour and Public Investment Fund (PIF) merger, Team GU offers their initial reactions. Adam, Dan and Nikki (while on vacation!) provide insight into where they were when the news broke, what this might mean for pro golf as a whole, and how golf fans might feel about everything. --- Send in a voice message: https://podcasters.spotify.com/pod/show/golf-unfiltered/message

Breaking news calls for our first official emergency podcast episode ever! The professional golf world was rocked this morning with news that the PGA Tour has agreed to a merger with the Saudi-backed LIV Tour. While the exact details are still coming out, we do know that Saudi Arabia's Public Investment Fund (PIF) will be the core sponsor and investor overseeing the unifying business that brings together the PGA Tour, LIV, and the DP World Tour. Esquire golf editor, Ben Boskovich hops onto the podcast as we try to sort out what this means for professional golf. We talk about our first reactions, the winners, the losers, and predictions. What a wild day for professional golf and a must listen. Follow Ben's latest golf stories at Esquire or on Instagram @benbosk. Thanks for listening to the Tossing Clubs Podcast! Please subscribe, rate our podcast and leave a review! Follow us on TikTok (@tossingclubs) or Instagram (@tossingclubs).

Monumental announcement — “the PGA TOUR, DP World Tour and the Public Investment Fund (PIF) today announced a landmark agreement to unify the game of golf, on a global basis.” We instantly react to it all, and speculate about the future of golf.You can find every episode of this show on Apple Podcasts, Spotify or YouTube. Prime Members can listen ad-free on Amazon Music. For more, visit barstool.link/foreplaypod

Kyle shares his initial thoughts on the news that the PGA Tour, DP World Tour and Public Investment Fund (PIF) of Saudi Arabia have reached an agreement to work together to control professional golf around the world. Host: Kyle Surlow Nice Grass Nice People is proudly presented by SUAVE GOLF

Andrew Rogers and Damon Benning discuss the news of the PGA, DP World Tour and the Public Investment Fund (PIF) new agreement to unify golf Tune into Coffee & Cream from 7-10 am AM 590 ESPN Omaha each week day. You can also catch the final hour of the show in Lincoln on 101.5fm and 1280am. Save money on your subscription to Hail Varsity: https://hailvarsity.com/save/ Hail Varsity Radio is brought to you by http://GoCurrency.com  Follow Andrew on social: Twitter: http://twitter.com/andrewrogerscc  Instagram: http://instagram.com/arog_sports  Follow Damon on twitter: http://twitter.com/damonbenning  Follow Hurrdat Sports on social: Twitter: http://twitter.com/hurrdatsports  Instagram: http://instagram.com/hurrdatsports  Tiktok: http://tiktok.com/hurrdatsports  Facebook: https://www.facebook.com/HurrdatSports About Coffee & Cream: Wake up with Andrew Rogers and Damon Benning on Hail Varsity Radio. Every morning from 7-10 a.m. on AM Radio Omaha on AM 590 ESPNCoffee and Cream stirs up the best news in Nebraska sports. Whether you're in the car, at the office, or on the sofa enjoying your favorite cup of joe, make sure you're listening to Coffee and Cream on Hail Varsity Radio. Hurrdat Sports is a digital production platform dedicated to the new wave of sports media. From podcasting to video interviews along with live events and entertainment, we're here to change how you consume sports. Find us online at Hurrdatsports.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Qataris have invested $1.2 billion on their investments in Deusche bank as 2018. Quatar assets has a estimated value 335 billion dollars. The Doha project is valued at around $15 billion In 2018 there were 27,000 residents living on the island. The island is 5.4 square miles. The island has a huge shopping mall, a marina, a theme park, and a five-star hotel The Japanese company called Marubeni corporation will be in charge of the project Marubeni is a trading company It is a huge trading company Marubeni is one of the largest trading companies in the world Marubeni has offices everywhere in the world, including in Iraq Marubeni Corporation is one of the largest of Japan's general trading companies, known as sogo shosha. With a global network of almost 200 representative offices and more than 600 affiliated companies in 84 countries Marubeni is a member of the Fuyo Group, an industrial organization consisting of about 150 companies, including Hitachi (electronics), Nissan (automobiles), Canon (cameras), Showa Denko (chemicals), Kubota (farm machinery), and Nippon Steel Marubeni expanded its business in the United States, Australia, Brazil, Britain, West Germany, and Sweden. Marubeni also opened or expanded offices in the Soviet Union, the People's Republic of China, the Middle East, and Africa. The company later came to operate offices in more than 100 foreign countries. In addition to the $198 million for the 13.2 million shares, Marubeni has agreed to invest another $66 million in new Sithe stock. Sithe operates 24 power plants. Marubeni is investing in renewable energy. Marubeni and the Saudi sovereign Public Investment Fund (PIF), central to the kingdom's goal to cut reliance on oil, agreed to conduct a feasibility study for producing clean hydrogen for both domestic and international markets, the Japanese firm said. PIF, which manages more than $600 billion in assets, plans to invest more than $10 billion in eligible green projects by 2026, including in renewable energy, clean transport and sustainable water management, it said last year. After the war, Marubeni expanded rapidly in China and Southeast Asia East India Company and other British merchants began to smuggle Indian opium into China illegally, for which they demanded payment in silver. By 1839, opium sales to China paid for the entire tea trade The British started a war with China taking canton, Macao, cheunpi, hong kong, amoy, chinhai, chapu, and hai Lin Hong Kong was ceded to Britain, and the Treaty Ports of Guangzhou, Amoy, Foochow, Shanghai and Ningpo were opened to all traders. The Chinese also paid war reparations. The war ended on 17 August 1842, with the Treaty of Nanking enabling the British to 'carry on their mercantile transactions with whatever persons they please'. The treaty committed the Chinese to free trade, including the trade in opium. Murabemi has offices in Dubai, Abu Dhabi, Doha and Baghdad and Riyadh. --- Send in a voice message: https://podcasters.spotify.com/pod/show/david-nishimoto/message

3:36 - Bloomberg columnist and senior resident scholar at the Arab Gulf States Institute in Washington Hussein Ibish joins The 966 to talk about global diplomacy, U.S.-Saudi relations, energy markets, Saudi Arabia as an emerging power, and so much more. Ibish is a weekly columnist for Bloomberg and The National (UAE) and is also a regular contributor to many other U.S. and Middle Eastern publications. He has made thousands of radio and television appearances and was the Washington, DC correspondent for the Daily Star (Beirut). Many of Ibish's articles are archived on his Ibishblog website. Following the conversation, the hosts wrap up the show with a discussion of six topics in the program's Yallah segment, including more on Ronaldo (and now Messi?) to Riyadh, tourism earnings in Saudi Arabia, and more.1:03:23 - Yallah! Six top storylines to get you up to speed heading into the weekend...•Messi and Ronaldo likely to meet in friendly in Saudi ArabiaFrench champions Paris Saint-Germain have confirmed plans for a mid-season trip to the Middle East. PSG will leave France on January 17 and visit Doha in Qatar and then Riyadh in Saudi Arabia, where they will play a friendly match at King Fahd Stadium on January 19. Recent Al Nassr signing Cristiano Ronaldo is expected to play for the Saudi all-star XI, while Lionel Messi will likely line-up for PSG.•Saudi Arabia says this year's hajj pilgrimage will return to pre-COVID levelsIslam's annual hajj pilgrimage in Saudi Arabia will return to pre-pandemic levels this year after restrictions saw the annual religious commemoration curtailed over concerns about the coronavirus, authorities say. •Saudi Arabia's Ma'aden forms JV with the PIF to invest in mining assets abroadSaudi Arabian Mining Co, the Gulf's largest miner, said on Wednesday it agreed to form a joint venture with the kingdom's sovereign wealth fund to invest in mining assets globally.Ma'aden will own 51% in the venture while the Public Investment Fund (PIF) will own 49%, the company said in a regulatory filing. •Saudi Arabia includes Diriyah tourism project in PIF's portfolioSaudi Arabia has included a Diriyah tourism project in the portfolio of its sovereign wealth fund, the Public Investment Fund (PIF), to improve investment efficiency and public-private cooperation, state news agency SPA reported on Monday.The development of Diriyah, a UNESCO World Heritage Site, was previously under Diriyah Gate Development Authority (DGDA), which will continue its supervision, SPA said, citing an announcement by the Saudi crown prince.  •Visitors to Saudi Arabia spend $7bn in six monthsVisitors to Saudi Arabia spent 27 billion riyals ($7.19 billion) during the first six months of 2022, making tourism one of the kingdom's most promising sectors.The Ministry of Investment said 3.6 million foreign tourists visited the kingdom during the second quarter of the year, greatly contributing to a plan to diversify sources of income as part of Vision 2030.  •Saudi Arabia aims to create Formula 1 hub in KingdomSaudi Arabia signed a 10-year contract with Formula 1 that will see teams race in Jeddah for a few more years before a brand-new complex in Qiddiya becomes the country's permanent F1 venue.But Prince Khalid Bin Sultan Al Faisal, president of the Saudi Automobile and Motorcycle Federation, wants to take the Kingdom's involvement in motorsport to the next level by establishing in the future a veritable hub similar to the racing nerve center located in the UK."We want to create a hub," Prince Khalid told Motor Sport magazine. "We have big companies that can help the future of motorsport."

2:38 - Richard's one big thing is Saudi Arabia's Ministry of Commerce has announced ten initiatives to develop the e-commerce retail industry, and the initiatives are based on the results of a survey “Consumer's Voice”, conducted by the Ministry of Commerce to gauge the level of consumer satisfaction with the performance of online stores. 14:39 - Lucien's one big thing is actually two big things. First, Lucien comments on a changing Riyadh having just returned from the Saudi capital, and why much is different and yet some things will stay the same. Then he provides an update on the latest with LIV golf's quest to get its players crucial world ranking points so that they can compete in major events in the sport. 34:06 - The 966 welcomes Dr. Abdulaziz Alanazi, assistant professor at King Saud University in Riyadh, who discusses his work that recently won a very prestigious international water award. Dr. Abdulaziz, along with his colleagues at the University of Cincinnati, won a very prestigious international award for their work studying ways to address water pollution. The Prince Sultan Bin Abdulaziz International Prize for Water was awarded to Dr. Abdulaziz and his colleagues for their work developing advanced oxidation technologies and nanotechnologies to monitor and treat emerging toxins and other contaminants of emerging concern in water. 1:14:00 - Yallah! 6 top storylines to get you up to date headed into the weekend. •Mohammed bin Salman named prime ministerSaudi Arabia's Crown Prince Mohammed bin Salman has been appointed prime minister - a post that is traditionally held by the king. A royal decree announcing his promotion from deputy PM and defence minister cited an exception to the Basic Law. An official told Reuters news agency the move was in line with the king's previous delegation of duties to him. "The crown prince... already supervises the main executive bodies of the state on a daily basis, and his new role as prime minister is within that context," the official said. The 37-year-old son of King Salman bin Abdulaziz, 86, is already seen as the de facto head of government for Saudi Arabia. The decree named another of his sons, Prince Khalid bin Salman, as the new defence minister. A third, Prince Abdulaziz bin Salman, remains in the key role of energy minister.  •Saudi Arabia forecasts lower growth, revenue for 2023 amid uncertain global economic outlookSaudi Arabia, which is forecasting a decade-high economic growth of 8% for 2022, is projecting its GDP will slow to 3.1% growth in 2023, the ministry of finance said in a preliminary 2023 budget report released on Sept. 30. Saudi Arabia is also forecasting its total revenue, including oil income, will drop in 2023 in a conservative baseline scenario. The ministry's preliminary estimates are projecting an 8.1% decline in fiscal revenue to $299 billion in 2023 from a year earlier. "This is due to the direction that the government is adopting in basing the estimates of oil and non-oil revenues in the budget on conservative standards in anticipation of any developments that may occur in the domestic and global economy," the ministry said.•Saudi to host Asian Winter Games in NEOM megacitySaudi Arabia was chosen on Tuesday to host the 2029 Asian Winter Games at NEOM which planners say will feature a year-round winter sports complex. The Saudi bid was "unanimously approved", the statement said, noting that NEOM will be the first West Asian city to host the event.  The Asian Winter Games are slated to take place in Trojena, an area of NEOM "where winter temperatures drop below zero celsius and year-round temperatures are generally 10 degrees cooler than the rest of the region", according to the project's website. Set to be completed in 2026, Trojena will include year-round skiing, a manmade freshwater lake, chalets, mansions and ultra-luxury hotels according to the website. The Asian Winter Games include competitions for skiing, snowboarding, ice hockey and figure skating -- 47 events in all, 28 on snow and 10 on ice. •Saudi Arabia's Savvy Games Group launches $38bn investment strategy Saudi Arabia's Savvy Games Group, owned by the country's sovereign wealth fund, the Public Investment Fund, has unveiled its new investment strategy, as the kingdom seeks to become one of the world's major gaming hubs. The group plans to invest $38bn across four programmes, each with specific objectives, the Saudi Press Agency reported. The programmes include the acquisition and development of a leading game publisher to become a strategic development partner and making a series of minority stake investments in key companies that support Savvy's game development agenda. They also include diversified investments in industry disrupters to grow early-stage games and esports companies as well as investing in mature industry partners who add value and expertise to Savvy's portfolio. •The Saudi Downtown Company (SDC), a company created under the aegis of the royalty and therefore the Public Investment Fund (PIF), will promote the launch of projects in various regions of the country, creating new jobs, with a view to improving the infrastructure of many cities and building strategic alliances with the private sector. The projects to be developed will be in twelve cities including Al-Khobar, Al-Ahsa, Buraidah, Najra, Jizan and Arar. •Saudi Telecom Co., the Middle East's most profitable mobile operator, plans to spend about $1 billion to transform the kingdom into a regional data hub, and may sell a stake in its Center3 business to finance the plans. The investment over the next five years by Center3, as the data unit is known, would help Saudi Arabia host more media, gaming and corporate data, according to Mohammed Alabbadi, STC's chief carrier and wholesale officer and chairman of Center3. It would also follow an initial investment of $1 billion on building data centers and submarine data cables

In der Rubrik “Investments & Exits” begrüßen wir heute Enrico Mellis, Principal bei Lakestar. Enrico hat die Gerüchte um Stable Diffusion und der Savvy Games Group kommentiert: Das Startup hinter dem KI-Bildgenerator Stable Diffusion ist in Gesprächen für eine Kapitalerhöhung mit einer Bewertung von bis zu 1 Milliarde US-Dollar. Mit dem Bildgenerator Stable Diffusion können Sie innerhalb von Sekunden ein Porträt von Beyoncé wie von Vincent van Gogh gemalt, eine Cyberpunk-Stadtlandschaft im Stil des japanischen Künstlers Hokusai aus dem 18. Jahrhundert und eine komplexe außerirdische Welt direkt aus der Science-Fiction zaubern. Die Investmentfirma Coatue bekundete zunächst Interesse an einem Deal, der das in London ansässige Startup Stability AI mit 500 Millionen US-Dollar bewerten würde, so zwei der Personen. Lightspeed Venture Partners nahm daraufhin Gespräche auf - die noch im Gange sind - um bei einer Bewertung von bis zu 1 Milliarde US-Dollar zu investieren. Außerdem will ​​Saudi-Arabien den großen Gaming-Publisher für 13 Milliarden US-Dollar kaufen. Welches Unternehmen man dafür ins Auge gefasst hat, ist allerdings noch unklar. Die Savvy Games Group ist der eigentliche Investor, die Gruppe wurde vom Public Investment Fund (PIF) gegründet und gehört diesem zu 100 Prozent. Der PIF ist wiederum der Staatsfonds von Saudi Arabien.

The government is considering the return of import with documentary collection for some raw materials and production requirements.UAE investments in Egypt increased during 1HFY2021-22 by 169.1% to reach USD1.9 billion.The Ministry of Electricity decided to postpone the implementation of some number of electricity production projects to reduce expenses and financial burdens.During a meeting with the Prime Minister and Minister of Finance, the President directed the government to continue the approach of fiscal discipline while formulating a medium-term strategy to target the largest possible reduction in debt-to-GDP ratio.CLHO recorded net profit of EGP68 million in 2Q22 (-24.4% YoY, -28.7% QoQ), bringing 1H22 net profit to EGP164 million, down 14.3% YoY.RMDA announced the inauguration of its new water treatment station, which is expected reduce RMDA's annual water consumption by approximately 50% of its current level.Telecom Egypt and Orange Jordan will launch a terrestrial network that connects Iraq to Europe in 3Q22.According to local media, electric appliances' prices in the local market increased by around 25% during the past six months on the back of inflationary costs and currency devaluation.In response to the news that Saudi Arabia's Public Investment Fund (PIF) is looking to take a position in EGAL's capital increase, the company did not confirm nor deny the news, reiterating in an EGX disclosure that it is still studying plans for a capital increase and will offer shares to a “strategic investor” to help finance its development. EGAL is looking to raise as much as USD300 million in equity and finance to upgrade its operations. It has tapped Bechtel to conduct a feasibility study for the upgrades.ARAB hired an independent financial advisor to conduct a valuation study on one of its subsidiaries in preparation for potentially listing it on the EGX. According to local media, the subsidiary referred to is Porto October.MPRC stated that it does not have information regarding media reports that the Saudi Public Investment Fund intends to invest in it.JMC's local agent, TVD, is planning to assemble some JMC models locally by the beginning of 2023, which will take place at GB Auto's production facilities.Consumer Protection is requiring that the barcode system be applied to tobacco manufacturers after receiving complaints of unjustified price increases. The system will be applied starting the beginning of September. According to local media, if Expedition Investments' offer to acquire a 34% stake of DOMT goes through, all Expedition's founders, besides Al Damaty family, will have a stake of 5-10% of DOMT. The consortium has no intention of delisting the company and will maintain the free float requirement of 10%.PACH's shareholder, Chemical Industries Holding Company, will appoint an independent financial advisor to value PACH amid a bidding war for the EGX-listed paint company.

Net International Reserves registered at USD35.495 billion end of May, down from USD 37.123 billion in April, due to external debt repayments of USD2 billion.Madbouly asked the Finance Ministry to prepare a timeline for stake sales in state-owned firms, and the Planning Ministry to produce a list of assets from which the government will fully exit, or offer stakes.The government will likely look to line up strategic investors in private sales rather than turning to public offerings on the bourse.Cabinet will announce a new sub-fund owned by the Sovereign Fund of Egypt (SFE) that will be responsible for managing the sale of state-owned companies. The fund is set to initially include assets worth USD 3-4 bn. A Saudi delegation including representatives from the Public Investment Fund (PIF) will soon visit Egypt to sign an MoU with the SFE for the USD 10 bn investment pledged in March.Valu is going to enter Saudi Arabia by acquiring a stake in new Saudi consumer finance player Fas Finance, where it will purchase a 35% stake for EGP 95.75 mn. BTFH has given the go-ahead to a consortium of investors to conduct due diligence, pending approval from the FRA.Alex Bank launched an electronic platform for foreign exchange trading for companies in Egypt, in cooperation with “Refinitiv.”EGTS 1Q22 net loss of EGP47.0 million compared to 1Q21 net loss of EGP6.6 million. Net loss widened due to a EGP122.0 million impairment of receivables in 1Q22. Another court ruled in favor of Trans Mediterranean for Tourism Investments, requiring EGTS to pay USD5.7 million (translating into EGP0.10/share).Ministry of public enterprises is discussing with two local entities to manufacture an Egyptian electric vehicle battery and with an Indian and Korean company to manufacture 50 thousand electric Tuktuk.AUTO's BoD will be canceling their treasury shares of 8.5 mn shares.RACC BoD approved the establishment of a new company in Dubai under the name of Raya Gulf Customer Experience. Weekly Commodities UpdateBrent, USD/bbl  119.3     -1.8%Diesel-HSFO Spread, USD/ton    691.0     12.5%Egypt Urea, USD/ton      720.0     0.0%Polyethylene, USD/ton  1,450.0  0.0%Polypropylene, USD/ton               1,195.0  0.0%Steel/Iron Ore Spreads, USD/ton              455.7     -5.0%LME Aluminum Cash Price, USD/ton        2,698.0  -5.6%Egyptian Retail Cement, EGP/ton              1,180.0  0.0%Steam Coal, USD/ton      412.5     2.9%Crude Palm Oil, USD/MT               1,495.1                  1.7%SMP, USD/MT   4,116.0  -0.3% 

In this episode, special guest Mik Attisani, CBO of FACEIT, joins the show to discuss the merger of FACEIT and ESL, the investment from Saudi Arabia's Public Investment Fund (PIF), the new company's goals in Counter-Strike and other titles, the focus on grassroots initiatives, the state of monetization in esports, and more.

O que fez o setor serviços disparar no país em novembro? Saiba agora no Flash, além de detalhes da aquisição do Itaú (ITUB4). O volume de serviços prestados no Brasil cresceu 2,4% no mês de novembro, interrompendo dois meses seguidos de perdas. O resultado, impulsionado sobretudo pelos serviços de informação e comunicação, surpreendeu as expectativas no mercado. Segundo pesquisa da agência de notícias Reuters, era esperado um ganho de 0,2%. Na comparação com o mesmo mês de 2020, o volume de serviços disparou 10%, sendo que a expectativa era de alta de 6,5%. Outro destaque do dia é a assinatura de memorando de entendimentos da BRF (BRFS3) com o Public Investment Fund (PIF), fundo de investimentos soberano da Arábia Saudita para a criação de uma joint venture que atuará na cadeia completa de produção de frangos no país do Oriente Médio, em acordo que contempla investimentos de cerca de US$ 350 milhões. Com a notícia, a ação BRFS3 liderava as altas do Ibovespa na manhã desta quinta-feira (13), com avanço de mais de 4%. Além disso, o Itaú (ITUB4) anunciou a compra do controle da Ideal. O banco pagará cerca de R$ 650 milhões por uma participação de 50,1% na corretora e terá o direito de adquirir os 49,9% restantes após cinco anos.

Today - with the holiday season fast approaching and Christmas on Saturday, The 966 features a special episode for today's weekly podcast. 3:35 - Lucid is building a factory in Saudi Arabia: Lucid has recently announced that the USA-based electric car manufacturer will be producing vehicles in Saudi Arabia by 2024. Lucid will be competing against its rival Tesla and hopes to outperform the Tesla Model S in the Saudi market.8:14 - Saudi Arabia plans airport takeovers privatizations for at least some of them. Earlier this week, Reuters and Asharq Alawsat said the kingdom's 22 airports will be set up as airport holding companies, which will oversee construction, operation and management. They will then be transferred to the Public Investment Fund (PIF) to ‘put on the market at a later time.'10:55 - The top 7 companies in Saudi Arabia to work forNovo Nordisk Saudi, Manga Productions, Foodics, Tamkeen Technologies, Roshn, International Maritime Industries and Saudi Arabian Packaging Industry are recognized as the top 7 best places to work in Saudi Arabia for 2021, according to the annual “Best Places to Work” certification program.13:50 - EDM festival Soundstorm wrapped in Riyadh, with 700,000 attending the 4-day outdoor rave. DJ David Guetta played a unique set, and gave an interesting interview with the AP on Saudi reforms.Guetta said “I was happy to be part of this. Of course there's more things to be done to improve the country but I think they are opening and really going to the right direction…Four years ago women couldn't drive, and now they can come to a David Guetta concert and dance, you know it's a huge evolution.”19:58 - Dakar Saudi Arabia 2021Two Saudi women, Mashael Al-Obaidan and Dania Akeel, will be the first female drivers from Saudi Arabia to compete in the Dakar Rally next month, Reuters reports. The announcement marks a significant about-face for Saudi Arabia, which only recently allowed women to legally drive in the Kingdom.23:23 - The Saudi-backed golf tour and the PGA will avoid a confrontation over player loyalties --- for now. The PGA granted waivers for Golf's biggest stars to play in the upcoming Saudi International in KAEC.PGA kicked the can down the road - avoiding preventing players from playing in the Saudi tournament, which takes place Feb. 3-6, 2022.29:36 - Omicron comes to Saudi Arabia. The first confirmed case of the Omicron variant was December 1st. This past week confirmed cases of COVID-19 in Saudi Arabia more than doubled in the past two days, from 104 on Sunday to 222 on Tuesday. The Health Ministry urged all residents to avoid traveling outside the country and new arrivals to avoid social contact for five days.33:50 - According to the Center for Strategic and International Studies, Attacks by the Iran-backed Houthi militant group against Saudi Arabia have more than doubled this year from their pace last year. The WSJ cited a report from the Center for Strategic and International Studies, which found the Houthi group launched 78 attacks a month this year (or 702 in total)That compares with 38 a month last year. 40:48 - Crown Prince Mohammed bin Salman launched the Jeddah Central project, another huge outlay of investment to make Saudi Arabia's second largest city a more attractive tourism and entertainment destination.The plan was launched with a price tag and main features by the Crown Prince.The Jeddah Central Development Company is a PIF Subsidiary. Includes a marina, opera house, stadium, revitalized beaches...43:35 - Saudi Startups record the best ever funding quarter in Q3 2021.According to data platform Magnitt, Start-ups in Saudi Arabia recorded their best ever quarter for fund-raising in the three months ending September 30, attracting $205 million in 34 deals. Total venture capital investment reached $376m year-to-date in 2021 — more than double the funding invested during the full year of 2020.**The 966 wishes happy holidays to all our listeners. 

SportsPro editor at large Eoin Connolly is joined by Press Association chief sports reporter Jamie Gardner and Professor Simon Chadwick, global professor of sport at Emlyon Business School, to unpack the takeover of Premier League soccer team Newcastle United by the Public Investment Fund (PIF) of Saudi Arabia. They assess the response in Newcastle and across the English game, and consider some of the questions that have faced the Premier League since the deal went through, from the human rights record of the Saudi state to the reaction of other clubs. They also look into some of the motivations of the PIF and its partners in pursuing the deal, considering how Newcastle came to be identified as a target and how the acquisition fits into a wider sports investment strategy, and ask what comes next. Music: Surf Inspector by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/4447-surf-inspector License: http://creativecommons.org/licenses/by/4.0/ 

Hoy con Raül Llimós, Marc Menchén de 2Playbook, Marcos López y Pau Mitjans. Hablamos de la compra del Newcastle United por parte del fondo de Arabia Saudita, Public Investment Fund (PIF). Una operación valorada en 360 millones de euros por el 80% del club. Un nuevo club estado que liderará una mujer que ha participado en la operación: Amanda Staveley. Marc Menchén nos es explica el nuevo fichaje para el Board del FC Barcelona: Sergi Ricart, nuevo director de Marca del club. Proviene de Nike. Analizamos la derrama de 120 euros que ha propuesto el Athletic Club a sus 43.400 socios. Con Pau Mitjans hablamos de la serie documental ‘Losers' (NETFLIX. Contacto, sugerencias y feedback: inside@sportsandlife.com Un Podcast de Sports&Life.