Mohammed bin Salman

President Doanld Trump led a high-profile delegation of U.S. tech CEOs, including Nvidia's Jensen Huang, to an investment conference in Saudi Arabia on Tuesday. Trump and Saudi Crown Prince Mohammed bin Salman jointly announced a $600 billion investment package, which included massive AI...

Saudi Arabia announced the launch of Humain, a state-owned artificial intelligence company led by Crown Prince Mohammed bin Salman, with Tareq Amin, former CEO of Aramco Digital, appointed as CEO. What Happened: The announcement was made just before the start of President Donald Trump's tour of the...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk revealed that both Saudi Crown Prince Mohammed bin Salman and U.S. President Donald Trump were impressed by the company’s Optimus humanoid robot during a demonstration in Riyadh, where the robot danced to “YMCA.” What Happened: “We just...

Scammers impersonated Saudi Arabia's Crown Prince Mohammed bin Salman to promote a fraudulent meme coin on Monday. What happened: In now-deleted posts, the X account of the Saudi Law Conference was hacked to shill the so-called Official Saudi Arabia Memecoin.  The now-deleted posts revealed...

Global oil prices retreated Wednesday after U.S. President Donald Trump revealed plans for his first meeting with Russian President Vladimir Putin in Saudi Arabia, raising prospects of potential shifts in global energy dynamics. West Texas Intermediate (WTI) crude futures fell 0.84% to $70.77 per...

In a bid to bolster the artificial intelligence industry in Saudi Arabia, Saudi Aramco’s venture arm, Wa’ed Ventures, has invested $15 million in South Korean AI chipmaker Rebellions Inc. What Happened: Rebellions is collaborating with Samsung Electronics Co. to develop its proprietary...

Saudi Arabia’s Public Investment Fund (PIF) is reportedly in discussions with key boxing stakeholders to create a league, potentially transforming the sport’s competitive landscape. What Happened: The PIF is in talks with several prominent boxing promoters, including Matchroom Boxing...

In a significant move, Saudi Aramco has announced an $11.2 billion stock sale, marking the largest global offering in three years. The proceeds will be channeled into Saudi Arabia’s ambitious economic overhaul. What Happened: The Saudi government is set to sell nearly 1.55 billion shares at...

Saudi Crown Prince Mohammed bin Salman has postponed his scheduled trip to Japan due to concerns over the health of his father, King Salman Bin Abdulaziz. What Happened: The Crown Prince’s visit, which was set to take place from May 20 to May 23, has been postponed, Bloomberg reported. This...

Saudi Arabia’s Crown Prince Mohammed bin Salman is set to visit  U.S. Asian ally Japan later this month, which is expected further to strengthen the economic relationship between the two countries. What Happened: The Crown Prince, who is the de facto ruler of Saudi Arabia, will be in Japan...

The U.S. government and Saudi Arabia are reportedly on the brink of sealing a security pact, despite ongoing Middle East conflicts and the absence of an Israel-Saudi normalization agreement. What Happened: Seven sources privy to the matter have revealed that the proposed pact encompasses U.S....

Saudi Arabia has confirmed that the NEOM megaprojects will proceed as initially planned, despite previous reports suggesting a potential scaling back of the futuristic desert development. What Happened: The Kingdom’s economy minister, Faisal Al Ibrahim, dismissed earlier reports of a...

In a strategic move that could reshape the aviation landscape of the Middle East, Saudi Arabia’s sovereign wealth fund, led by Crown Prince Mohammed bin Salman is reportedly in talks to acquire the kingdom’s national airline, Saudia. What Happened: The Public Investment Fund (PIF), with...

The Saudi Arabian Public Investment Fund (PIF) is contemplating an increase in bond sales and IPOs to finance the ambitious economic transformation project spearheaded by Crown Prince Mohammed bin Salman. What Happened: The PIF is considering a surge in debt sales or bank loans to finance the...

The ambitious development projects in Saudi Arabia are straining the country’s finances, leading to unprecedented borrowing and potential stock sales in its crown jewel, Saudi Aramco. What Happened: Saudi Arabia has been embarking on a series of high-profile projects, including a $500...