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Business 24 Feb 2021 | 7:00 AM

Saudi wealth fund targets startups

LONDON: Saudi Arabia’s sovereign wealth fund is backing a Middle East venture-capital fund run by Hambro Perks Ltd, joining the trend for state investors in the region to put money into early-stage companies.

Business 24 Feb 2021 | 7:00 AM

Reliance to spin off O2C ops with US$25bil loan

MUMBAI: Reliance Industries Ltd (RIL) has started carving out its new oil-to-chemicals (O2C) operation into an independent unit with a US$25bil loan from the parent, as billionaire Mukesh Ambani steps up efforts to unlock the value of his businesses.