Brookfield (BAM) Expands Into Saudi Arabia to Target Kingdom’s Riches – Bloomberg — www.bloomberg.com
– There are vast investment opportunities within our main areas of focus including infrastructure, renewables, private equity and real estate,” said Jad Ellawn, regional head of Middle East at Brookfield.
– Brookfield and rival alternative-investment firms are looking at high-net-worth clients as a pool of untapped capital for their private equity, real estate and credit funds.
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How a Flawed But Historic Climate Deal Emerged From COP Chaos – Bloomberg — www.bloomberg.com
– Frans Timmermans told reporters, flanked by ministers from Germany, Austria, Ireland and Spain. “The EU would rather have no decision than a bad decision.”
– Ultimately the Europeans and their allies accepted the kind of flawed outcome they had vowed to avoid.
– Timmermans said after reaching the COP27 agreement. The final deal “is not enough of a step forward for people and the planet.”
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Brookfield (BAM) Expands Into Saudi Arabia to Target Kingdom’s Riches – Bloomberg — www.bloomberg.com
– There are vast investment opportunities within our main areas of focus including infrastructure, renewables, private equity and real estate,” said Jad Ellawn, regional head of Middle East at Brookfield.
– Brookfield and rival alternative-investment firms are looking at high-net-worth clients as a pool of untapped capital for their private equity, real estate and credit funds.
Read more.
U.S. Tells Gulf Allies Certain China Ties Would Cap Cooperation – Bloomberg — www.bloomberg.com
– The perceived US retreat from the region has sent allies in search of ways to diversify their security and diplomatic partnerships.
– The United Arab Emirates offered one example last year, suspending talks on a $23 billion deal to purchase F-35 jets and other weaponry after failing to agree on conditions for the protections of US defense equipment.
– The Biden administration has also pressured the UAE to remove Huawei Technologies Co. from its telecommunications network.
– the White House signed an agreement with Saudi Arabia in July to invest in new US-led technology to develop 5G and 6G networks — part of efforts to try to limit the influence of China’s Huawei.
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Goldman Sachs Is Hiring in the Middle East to Tap Deals, Fund Flow (NYSE:GS) – Bloomberg — www.bloomberg.com
– Flush with cash from a commodity boom and home to some of the world’s biggest sovereign funds that control more than $3 trillion in assets, the Persian Gulf is emerging as a bright spot globally for initial public offerings and merger and acquisitions.
– Money is coming in because of the positive macro; it makes sense for money to be deployed here and there is growth” said Zaid Khaldi, co-head of Goldman Sachs in the Middle East and North Africa.
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Hedge Fund LMR Joins Millennium, ExodusPoint to Open in Dubai – Bloomberg — www.bloomberg.com
– The London-based firm secured a license from Dubai International Financial Centre and will start with six people.
– LMR, which already has a presence in London, Hong Kong, New York, Glasgow and Zurich, now has six offices globally with about 190 staff.
– LMR, whose traders invest in various strategies and asset classes including equities and fixed income.
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