Matthew Martin
@MattMartin128
Saudi Arabia bureau chief and SWFs @semafor. Opinions my own. Pls send tips to: signal: @mmartin.48 Telegram: @MatthewMartin [email protected]
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 bloomberg.com/news/articles/… via @climate
Investing in private credit is still a "great opportunity," the head of the Middle East’s top alternative asset manager says, despite growing warnings of a bubble developing in the asset class bloomberg.com/news/articles/… via @markets
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/article/07/18/…
🟡 SCOOP: The new CEO of Saudi Arabia’s highest profile investment summit has quit after just six months on the job, @MattMartin128 reports. semafor.com/article/07/15/…
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/article/07/11/…
🟡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.
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/news/articles/…
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/news/articles/…
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 bloomberg.com/news/articles/… via @business
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 bloomberg.com/news/articles/… via @markets
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 bloomberg.com/news/articles/… via @economics

How London’s Olympic Legacy Reshaped the Forgotten East End bloomberg.com/features/2024-… via @CityLab
Wall Street's biggest firms are making new compromises to win the $4 trillion sovereign wealth business in the Middle East bloomberg.com/news/articles/… via @wealth
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.” bloomberg.com/features/2024-… via @BW

Saudi Arabia’s nearly $1 trillion wealth fund swung to a profit in 2023, driven by a rally in global markets bloomberg.com/news/articles/… via @markets
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 bloomberg.com/news/articles/… via @business
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

As Saudi Arabia plows billions into infrastructure and investments, Larry Fink is out to make sure that money management giant BlackRock gets a share bloomberg.com/news/articles/… via @markets @loukia_g @sabrush @DNair5
CYVN, an investment firm backed by Abu Dhabi, is considering buying a stake in British luxury carmaker McLaren bloomberg.com/news/articles/… via @business
Aramco is set to pay at least $124b in dividends this year, a rise of 66% over the past few years. Good news for the government and PIF, which will get 98% of it bloomberg.com/news/articles/… via @markets @A_DiPaola17