Matthew Martin
@MattMartin128
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Saudi Arabia bureau chief and SWFs @semafor. Opinions my own. Pls send tips to: signal: @mmartin.48 Telegram: @MatthewMartin [email protected]
Riyadh
Joined February 2011
Am told that Aramco is finding good demand for crude deliveries next month even as it increases production and has cut prices, and has already fully sold October deliveries to buyers in Asia and elsewhere
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حديقة الملك سلمان تنشر فيديو يُظهر ما وصلت إليه الأعمال في المشروع الضخم #السعودية
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PIF’s AI unit HUMAIN has already sold out its data center capacity and will consider raising external funding for its planned $10b VC investment fund
semafor.com
HUMAIN is building new data centers and planning to raise money to fuel investments in AI startups.
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Saudi’s $320 billion pension fund plans management overhaul
semafor.com
Hassana has chosen an interim CEO amid an exodus of senior executives, and the fund is expected to revamp its top team.
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Saudi Arabia’s NEOM is considering significantly cutting its workforce and relocating more than 1,000 employees to Riyadh as the kingdom tries to control costs and improve oversight
semafor.com
More than 1,000 people may be moved and a further 1,000 laid off as part of a sweeping audit of the $500 billion project.
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🟡 SCOOP: The new CEO of Saudi Arabia’s highest profile investment summit has quit after just six months on the job, @MattMartin128 reports. https://t.co/Xv2M6LNs2i
semafor.com
Richard Attias, who helped establish FII a decade ago, is stepping back in after Penny Richards quit
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Saudi Arabia's last decade was fascinating, the next will be crucial as it looks to move its ambitious transformation plans into reality
semafor.com
Saudi Arabia has shifted from being almost entirely closed off to foreign capital, culture, and visitors, to a hub for everything from sports to tourism.
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🟡We're excited to announce that @MattMartin128 is joining @semafor as Saudi Arabia Bureau Chief and Global Head of Sovereign Wealth Fund Coverage. He is one of the definitive reporters on the region and his hiring represents a major step forward for Semafor's Gulf coverage.
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Trump plans to allow Saudi Arabia to more easily import AI chips from the likes of Nvidia & AMD But there are lingering Qs in the talks about how to govern those data centers & prevent China from accessing US hardware @annmarie @MattMartin128 @mhbergen
bloomberg.com
The Trump administration is preparing to announce a deal granting Saudi Arabia more access to advanced semiconductors, paving the way for increased data center capacity in the Gulf nation despite...
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The governor of Saudi Arabia’s sovereign wealth fund said he’s prepared to invest more in the US during President Donald Trump’s second term 🇺🇸🇸🇦 Story w/ @MattMartin128 ⬇️
bloomberg.com
The governor of Saudi Arabia’s sovereign wealth fund said he’s prepared to invest more in the US during President Donald Trump’s second term.
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Saudi Arabia is close to sealing another $1 billion investment into sports industry SURJ, the sports investment arm of the kingdom’s SWF is set to announce a deal for a stake billionaire Len Blavatnik’s streaming service Dazn in coming weeks https://t.co/TR02ckU75N via @business
bloomberg.com
The sports investment arm of Saudi Arabia’s sovereign wealth fund is in advanced talks to invest at least $1 billion in billionaire Len Blavatnik’s streaming service Dazn Group, which holds the...
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Two Saudi investment firms will launch ETFs that will be the country’s first to track Hong Kong shares and are expected to raise close to $1 billion, offering the latest sign of growing ties between the oil rich kingdom and China https://t.co/Tjiy7GJrEz via @markets
bloomberg.com
Two Saudi Arabian investment firms are set to launch exchange traded funds that will be the country’s first to track Hong Kong shares and are expected to raise close to $1 billion, offering the...
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Saudi Arabia’s oil revenue is seen rising to 2026 before declining quicker than previously expected through to the end of the decade, says the IMF https://t.co/Bkt4wV2FlK via @economics
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How London’s Olympic Legacy Reshaped the Forgotten East End https://t.co/ZzrvfsmCFT via @CityLab
bloomberg.com
As Paris takes stock of its post-Olympic future, London assesses 12 years of rapid change.
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Wall Street's biggest firms are making new compromises to win the $4 trillion sovereign wealth business in the Middle East https://t.co/IkSH0Ibh2n via @wealth
bloomberg.com
Apollo, Blackstone and other big money managers are reshaping longstanding practices to win part of the $4 trillion in Gulf sovereign wealth.
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Princeville Capital, which counts Hollywood star Leonardo DiCaprio as an adviser, is set to open an office in Abu Dhabi and commit to funding startups in the emirate developing technologies to tackle climate change https://t.co/YXsihfwL1n via @climate
bloomberg.com
Princeville Capital, which counts Hollywood star Leonardo DiCaprio as an adviser, is set to open an office in Abu Dhabi and commit to funding startups in the emirate developing technologies to tackle...
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Former President Donald Trump on relations with Saudi Arabia “He likes me, I like him,” he says of the crown prince. “They’re always going to need protection … they’re not naturally protected.” He adds: “I’ll always protect them.” https://t.co/tcuWKed0WJ via @BW
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Saudi Arabia’s nearly $1 trillion wealth fund swung to a profit in 2023, driven by a rally in global markets https://t.co/yfl5UiPwHZ via @markets
bloomberg.com
Saudi Arabia’s sovereign wealth fund swung to a profit in 2023, driven by a rally in global markets that also helped cement its position as one of the biggest state-backed investors in the Middle...
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Japan's Mizuho becomes latest financial giant to comply with Saudi Arabia’s diktat to foreign companies to set up their Middle East HQ there, sources say https://t.co/4aUZLBx3PR via @business
bloomberg.com
Mizuho Financial Group Inc. has become the latest Wall Street firm to comply with Saudi Arabia’s diktat to foreign companies to set up their Middle Eastern base there.
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Saudi Arabia increases 2024 borrowing plans by around $13b, tucked away at the bottom of a announcement of the last government bond sale a few days ago
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