The biggest backers of SoftBank’s gargantuan Vision Fund are reconsidering how much to commit to its next investment vehicle as an oversized bet on flexible workspace provider WeWork sours. From a report: Saudi Arabia’s Public Investment Fund, which contributed $45 billion to the $100 billion Vision Fund, is now only planning to reinvest profits from that vehicle into its successor, according…
Tag: saudi
Ten Drones Attack Saudi Arabia’s Oil and Gas Facilities
“Saudi Arabia has cut oil and gas production following drone attacks on two major oil facilities run by state-owned company Aramco…” reports the BBC. “TV footage showed a huge blaze at Abqaiq, site of Aramco’s largest oil processing plant [the world’s biggest oil producer], while a second drone attack started fires in the Khurais oilfield.” The Iran-aligned Houthi movement (fighting the…