Where the math is defensible.
Long-form research on live enterprise decisions. Publication is selective. Every number traces to a named source. No takes without evidence.
Gulf Sovereign Wealth in 2026: Reset, Recycle, Redeploy
PIF, ADIA, QIA, Mubadala, and KIA enter 2026 with 3.6 trillion dollars under management, a Saudi fiscal break-even at 108 dollar Brent, and an AI co-investment cycle that is rewriting the offshore allocation map.
The five largest Gulf sovereign wealth funds enter 2026 with combined assets of roughly 3.6 trillion dollars, Brent stuck in the 70 to 85 dollar band, and a Saudi fiscal break-even oil price the IMF puts at 108 dollars. The result is a structural mismatch between gigaproject ambitions and upstream cash flow. PIF has responded with a Visio...
Morocco's automotive cluster 2026: Tangier, Kenitra, and the EV transition test
Renault Tangier Med, Stellantis Kenitra, and a phosphate to LFP cathode play position Morocco as Europe's nearshore EV factory, but CBAM, US Foreign Entity of Concern rules, and rules of origin renegotiation will decide which of the projects actually clear.
Morocco's automotive sector overtook phosphates and agri food to become the country's largest goods export in 2023 and consolidated that lead through 2025, with shipments reported by the Office des Changes crossing 157 billion dirhams, equivalent to roughly 14.6 billion euros. The Renault Tangier Med complex passed one million cumulative ...