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Saudi energy minister says ‘every molecule’ of fuel needed

The comments in St. Petersburg come as the Iran war threatens oil exports across the Gulf while the Ukraine conflict disrupts Russian energy flows

Public Investment Fund elevates more Saudis to senior posts

The changes reflect tensions from the kingdom's reform plans, which aim to create more jobs for citizens but often employ highly paid foreign CEOs

Core42 expands AI business in New York amid growing demand

The Abu Dhabi-based G42 unit said the project is part of its strategy to build digital infrastructure for businesses, governments and other large customers

Gulf wealth funds poised to profit from Anthropic, SpaceX IPOs

Abu Dhabi's MGX is among the investors in Anthropic, which filed draft paperwork for an IPO after raising $65 billion in a funding round last week

Uber increases Careem stake in $100 million deal with e&

Uber’s $3 billion purchase of the Careem ride sharing business gave it access to Middle East markets in Egypt, Jordan, Saudi Arabia and the UAE

Quick Hits

AFRICAN WINDFALL

Hormuz tensions drive surge of investment in Libyan oil, gas

PETRO GAP

Saudi energy minister says ‘every molecule’ of fuel needed

The Daily Circuit: Saudi appeal to energy execs + Libya’s oil windfall

financial copilot

G42, Santander strike deal to create AI tools for global banking

LOCAL TALENT

Public Investment Fund elevates more Saudis to senior posts

The Daily Circuit: PIF switches to Saudi CEOs + Bahrain’s $1B bond sale

The Daily Circuit: Core42 grows in Big Apple + AD Ports’ Brazil acquisition

teaming up

Dubai, Hong Kong better partners than rivals, Hadi Badri says

intelligence boost

Core42 expands AI business in New York amid growing demand

moving up

Mubadala names Richard Nordell to lead infrastructure business

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