i work closely with sameer. the interaction is substantial going back to 2013 with the firm.coming companies, open store and barda. the natural over the made this so pleasurable. caroline: i can see the pole but what was the post? why did you think he wanted something different? keith: you are always wondering how to be happier or more successful. you realize which environment to thrive in and what environments are for other people. where i do really well is mentoring for founders that have high impacts and achieving those ambitions. and so, that was a deal for what i like to do and how i like to compete at the world. caroline: where then to put his expertise? you have these overlapping investments. will he be on the ground or building out miami? vinod: we are in what we call assisting to build large companies. that is part of his skill set that's extremely valuable. one thing to realize, we have a diversity of skill sets and keep adds to it and the more diversity you have your skill sets the better decisions you make. most people in the investing business really don't know c

let's get more on this with our middle east business correspondent sameer hashmi.you compare it to sovereign fund which is the pif. in that sense they just want to make sure that they are creating separate verticals within the company that could generate revenue in the decades to come but for now they are very clear that oil demand is here to say, this is a salaried, and even opec and opec plus, the organisation that controls global supplies, believes that oil demand will remain high for the next two decades. interestingly if you look at what the iea has been saying, they say that oil demand will hit its speed by 2030, completely contrary to what opec plus and countries like saudi arabia had been saying. it will be interesting to see how this pans out but coming back to the original question, it doesn't look like they will be any immediate impact but definitely in the decades to come. joe biden is heading to north carolina to an as $80 million worth of investment in high—speed internet connectivity but more importantly will be trying to persuade voters that his age

let's get more on this with our middle east business correspondent sameer hashmi.ounds as if the main focus will be on alternative energies. what impact do you think this could have on the wider global shift away from oil? there will not be an immediate impact. this is what the saudis also believe. this is a plan which has been put in place to ensure that the company prepares for a future, a post—oil future, company prepares for a future, a post—oilfuture, which company prepares for a future, a post—oil future, which according to the saudis is still decades away. they are not overly worried about that and even if you look at the amount they have put in the capital venture, it is not massive if you compare it to their solvent fund. in that sense, theyjust compare it to their solvent fund. in that sense, they just want to make sure they are creating something to generate revenue in the decades to come but for now they are very clear that oil demand is here to stay, this is the saudis, and even 0pec+ and opec believes oil demand will remain high for the next two decad

sameer hashmi explained the impact this could have on the oil sector.en put in place to ensure that the company prepares for a post—oil future, which according to the saudis, is still many decades away. so they are not overtly worried about that, and if you look at the amount they have put in the capital venture, it is not massive if you compare it to, let's say, their sovereign fund which is the pif. in that sense, theyjust want to make sure that they are creating separate verticals within the company in aramco that could generate revenues in the decades to come, but for now, they are very clear that oil demand is here to stay. this is the saudis. and even 0pec and 0pec—plus, the organisation that controls 40% of global supplies, which saudi arabia heads, believes that oil demand will remain high for the next two decades. interestingly, if you look at what the iea, the international energy association agency has been saying, they have been saying that oil demand, peak oil demand will have hit its peak by 2030. that is completely contrary to what 0pec—p

for more on this we're joined live now by our correspondent sameer hashmi, who's in dubai.me an idea of why this shipping route is so important for the global economy. route is so important for the global econom . ~ , ., route is so important for the global econom . ~ ., ~ ., economy. well, if you talk about this particular — economy. well, if you talk about this particular shipping _ economy. well, if you talk about this particular shipping route - economy. well, if you talk about this particular shipping route it l economy. well, if you talk about | this particular shipping route it is between the north—east of africa and yemen. this passage is used by almost all the ships that are coming from asia and going towards europe to pass through the suez canal, one of the most important arteries when it comes to global trade. 1 trillion worth of trade passes through the suez canal, which makes this significant passage very significant. the strait of whom use, thatis significant. the strait of whom use, that is a route where you have about a fifth of daily global supplies that pa