MM
Matthew Martin
Bloomberg
Covers
Publications
- Bloomberg5 articles
- yahoo.com1 article
Writes Most On
- Saudi Arabia Sets Its Sights on a Less Glamourous Source of Wealth7 Sep 2023—yahoo.com(Bloomberg) -- In scorching summer heat, Renier Swiegers marches through the desert toward a drilling rig. He’s not looking for oil, the dynamo of Saudi Arabia’s economy the past 80 years, though. It’s another potential source of wealth and influence the kingdom now has its eye on. Most Read from Bloomberg India’s Moment Has Arrived, and Modi Wants a New Global Order Fed Set to Double Its Economic Growth Forecast After Strong US Data Soaring US Dollar Raises Alarm as China, Japan Escalate FX...
- HSBC Names Saudi Investment Bank Co-Heads Amid Pick-Up in Deals3 Sep 2023—BloombergSign up for our Middle East newsletter and follow us @middleeast for news on the region. HSBC Holdings Plc’s Saudi Arabia unit named two new managing directors and co-heads of investment banking, as global lenders increasingly compete for a slice of deals stemming from the Gulf nation’s bid to transform its economy. Mohammed Fannoch and Faisal Qadri were appointed to the roles, while Amir Bourani was chosen as head of global banking coverage. Qadri, who has been at HSBC since 2003, was...
- Mideast’s Top Private Equity Firm Ready to Pounce as Rivals Fade26 Oct 2020—BloombergThe biggest private equity and alternative asset manager in the Middle East is on the lookout for deals after the economic fallout of the pandemic made companies cheaper to buy and scandals thinned out the competition. Investcorp Holding BSC, which manages about $34 billion, is looking to do more in the region across the health-care, transport, logistics and industrial sectors, said Walid Majdalani, the firm’s head of private equity for the Middle East and North Africa. The firm, which has...
- Aramco Backs New York Fintech Firm Offering Islamic Investments7 Jun 2020—BloombergLISTEN TO ARTICLE 1:14 SHARE THIS ARTICLE Share Tweet Post Email Photographer: Simon Dawson/Bloomberg A New York-based online Islamic investment platform has secured backing from Saudi Aramco, the world’s biggest company, to expand into the Middle East and make Riyadh its hub for the region. Wahed Invest LLC got the financing from the oil giant’s Saudi Aramco Entrepreneurship Ventures unit as part of a $25 million funding round, founder Junaid Wahedna said in an interview. Dubai-based BECO...
- Saudi Wealth Fund Builds $200 Million Stake in Norway’s State Oil Company9 Apr 2020—BloombergPhotographer: Carina Johansen/Bloomberg Saudi Arabia’s sovereign wealth fund built a stake worth about $200 million in Equinor ASA as the kingdom navigates the impact of the coronavirus pandemic and plummeting crude prices. The Public Investment Fund amassed its holding in Norway’s largest crude producer mostly through the open market some time last week, according to people with knowledge of the matter. Though it’s not clear exactly when the PIF bought the holding and if the fund is still...
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