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08.05.26 - 05:06
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Saudi Arabia′s $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen (ZeroHedge)
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Saudi Arabia's $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen
Via The Cradle
Saudi Arabia's Public Investment Fund (PIF) opened a second office in mainland China earlier this year, establishing a Shanghai branch to expand dealmaking and attract more Chinese investment into the kingdom, Bloomberg reports.
The office was registered last year, falls under PIF's Beijing branch, and is led by Lily Cong, a former chief representative of Fidelity International in China's capital.
Source: Britannica
The Shanghai outpost was reportedly created to strengthen the $1 trillion fund's ability to pursue outbound deals in China, while officials are also seeking to bring more Chinese companies into Saudi Arabia.
This move strengthens Riyadh's investment relationship with Beijing, while the US continues to be a major market for the kingdom. The Shanghai office expands PIF's global presence, which already features offices in New York, London, Hong Kong, and Paris.
Saudi Arabia and China...
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07.05.26 - 22:30
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Medien: Trump setzte Hormus-Einsatz nach Druck von Verbündeten aus (DPA-AFX)
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Präsident Donald Trump hat den US-Einsatz für eine sichere Durchfahrt von Schiffen durch die Straße von Hormus Medienberichten zufolge nach Druck von Verbündeten am Golf ausgesetzt. Trumps überraschender Stopp von "Projekt Freiheit" erfolgte, nachdem Saudi-Arabien den USA die Nutzung eines Luftwaffenstützpunktes sowie des saudischen Luftraums zur Unterstützung der Initiative untersagt hatte, wie der Sender NBC News unter Berufung auf zwei US-Beamte berichtete...
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07.05.26 - 17:45
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Saudi Arabia Vs UAE (ZeroHedge)
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Saudi Arabia Vs UAE
By Benjamin Picton, Senior Market Strategist at Rabobank
The Little Red Hen
Markets are bulled-up this morning on prospects for peace in the Iran war. The S&P500 and NASDAQ closed at fresh all-time highs and Brent crude prices closed 7.8% lower at $101.27/bbl. While some analysts are understandably wary of another Axios report touting progress in Middle East relations (and therefore lower oil prices!), markets are clearly not in a mood to look a gift horse in the mouth.
Iranian foreign ministry spokesman Ismail Baghieri told news sources that Iran is reviewing a 14-point American memo that outlines terms for peace. Axios reports that those terms include Iran giving up the nuclear fuel that it has enriched to near-weapons-grade (though, there is no detail on who they would give it up to), an Iranian commitment to never seek a nuclear weapon, moratoriums on Iranian nuclear enrichment, Iranian agreement to enhanced UN-led nuclear inspections, and a framework to gradually resto...
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07.05.26 - 14:18
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Saudi Arabia Sees $10 Billion Lift From Joining Bond Indexes (Bloomberg)
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The head of Saudi Arabia's securities exchange said the inclusion of its domestic bonds in two global indexes could draw billions of dollars of fresh money to the local debt market, boosting the kingdom's efforts to attract overseas capital for its economic overhaul....
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06.05.26 - 07:36
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Saudi Arabia Cuts Oil Prices for June (Bloomberg)
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Saudi Arabia cut the price of its main oil grade for Asia next month from a record-high in May. The premium for next month is the second-highest on record as the war in the Middle East continues to severely disrupt supplies. Bloomberg's Anthony di Paola reports....
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