Tag: Middle East

A Saudi Defense Contractor Courted Russia and China. Then, Its U.S. Business Partners Fled.
World

A Saudi Defense Contractor Courted Russia and China. Then, Its U.S. Business Partners Fled.

Updated Sept. 14, 2023 12:04 am ETListen to article(2 minutes)RIYADH, Saudi Arabia—American defense giant RTX and a Saudi weapons firm were heading toward a multibillion-dollar deal when it was abruptly called off early this year. The reason, say people familiar with the talks, was RTX’s concerns that its Saudi partner’s companies were pursuing business with sanctioned Chinese and Russian entities.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Blue Owl Eyes More Middle East Money With Plans for New Dubai Office
Money

Blue Owl Eyes More Middle East Money With Plans for New Dubai Office

Private credit lender Blue Owl Capital Inc. is formalizing plans to open an office and hire a team in Dubai to focus on capital raising, according to a person with knowledge of the matter.The move is a stepping stone toward a broader Middle Eastern presence, said the person, who asked not to be identified as the details are private.