Posts Tagged ‘Saudis’
Electronic Arts shareholders approve US$55 billion sale to Saudis
ELECTRONICS Arts shareholders approved the US$55 billion sale of the company, a leading video-game publisher, in a deal led by Saudi Arabia’s Public Investment Fund. Investors in the Redwood City, California-based gaming giant, the publisher of games such as EA SPORTS FC and Battlefield, approved the US$210-a-share takeover in a vote on Monday. The buyout…
Read MoreUS approves sale of 35,000 AI chips to UAE’s G42, Saudis’ Humain
The deal is contingent on both companies meeting “rigorous security and reporting requirements”, the agency says [HONG KONG] The US has approved sales of tens of thousands of advanced artificial intelligence (AI) semiconductors to the Emirati AI firm G42 and regional rival Humain of Saudi Arabia, in a major boost for both Gulf nations’ ambitions…
Read MoreUS approves sale of 35,000 AI chips to UAE’s G42, Saudis’ Humain
The deal is contingent on both companies meeting “rigorous security and reporting requirements”, the Commerce Department says [HONG KONG] The US has approved sales of tens of thousands of advanced artificial intelligence (AI) semiconductors to the Emirati AI firm G42 and regional rival Humain of Saudi Arabia, in a major boost for both Gulf nations’…
Read MoreSaudis raise crude prices to Asia after Opec+ adds barrels
[SINGAPORE] Saudi Arabia raised crude prices for a second consecutive month, signalling confidence in demand for its barrels as Organization of the Petroleum Exporting Countries and its allies (Opec+) continues to ramp up supply. State producer Saudi Aramco will raise the premium for Arab Light crude to Asia by US$1 a barrel for shipments in…
Read MoreSaudis In ‘Difficult’ Talks To Keep Ronaldo Next Season: PIF Source
Saudi officials are in “difficult” talks to keep Cristiano Ronaldo in the country, a source with knowledge of the negotiations told AFP on Thursday, after the star footballer suggested he was leaving Al Nassr. The Portuguese superstar, whose arrival in 2023 heralded a rush of late-career players to the oil-rich country, could transfer to Al…
Read MoreWith Israel Ties On The Table, UAE Offers Saudis An Example
US President Donald Trump’s Gulf tour this week will take him to Saudi Arabia, which he would like see recognise Israel, and the neighbouring UAE which has benefitted from Israeli ties but also paid a price. During his first term, Trump oversaw a series of normalisation deals between close ally Israel and several Arab countries,…
Read MoreSaudis warn of more supply unless Opec+ cheats fall in line
Coinciding with US President Donald Trump’s trade war, the supply hikes are taking a brutal toll on oil prices, which have sunk to a four-year low near US$60 a barrel in London Published Mon, May 5, 2025 · 06:11 AM [CAIRO] The Organization of the Petroleum Exporting Countries and its allies (Opec+) leader Saudi Arabia…
Read MoreIran Book World Cup Spot As Australia, Saudis Keep Hopes Alive
Perennial World Cup participants Iran became the second Asian side to secure their place at next year’s global showpiece after twice coming from behind to draw 2-2 with Uzbekistan in Tehran on Tuesday. Iran, the second-highest ranked AFC side in the FIFA standings, needed only a point to join Japan in qualifying for the finals…
Read MoreOlam in advanced talks to sell rest of US$4 billion agribusiness to Saudis
Saudi Agricultural & Livestock Investment Company now holds a 35.4% minority stake in Olam Agri after investing US$1.24 billion in the unit OLAM Group’s remaining 64.57 per cent stake in its agribusiness unit may be sold off to a state-owned Saudi investment firm that already owns more than a third of Olam Agri. Citing people…
Read MoreOlam exploring sale of remaining agribusiness stake to Saudis
OLAM Group has received a non-binding indicative offer for its remaining 64.57 per cent stake in Olam Agri from Saudi Agricultural & Livestock Investment Company (Salic), a unit of Saudi Arabia’s Public Investment Fund. Salic currently holds a 35.4 per cent minority stake in Olam Agri after investing US$1.24 billion in the unit. The deal…
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