Category: Semafor

Category Added in a WPeMatico Campaign

Zambia makes up with Gulf investor in major copper mineZambia makes up with Gulf investor in major copper mine

Zambia’s state miner and Abu Dhabi-based International Resources Holding (IRH) say they have patched up their financing dispute over Mopani Copper Mines, the development of which is a cornerstone of the southern African country’s economic growth plan. In a letter in September, Zambia’s ZCCM-IH accused the Emirati company of failing ...

To prep for sale of Ronaldo’s Saudi team, PIF pays off $213 million debtTo prep for sale of Ronaldo’s Saudi team, PIF pays off $213 million debt

The Scoop Saudi Arabia’s sovereign wealth fund is tapping its portfolio companies to pay off 800 million riyals ($213 million) of debt held by the soccer club Al Nassr — where star Portuguese striker Cristiano Ronaldo plays — according to people familiar with the matter. Public Investment Fund (PIF) is ...