Riyadh

CNBC’s Jim Cramer lauded the artificial intelligence deals announced after the U.S.-Saudi Investment Forum and touted Gulf countries to be future hyperscalers. What Happened: According to an X post by Cramer, he said, “I am convinced that the Gulf countries will, when put together,...

Lenovo Group Ltd. (OTC:LNVGY) has decided to issue $2 billion worth of zero-coupon convertible bonds to Saudi Arabia Crown Prince Mohammed Bin Salman‘s sovereign wealth fund. This is part of a broader agreement with the tech-friendly kingdom. What Happened: The convertible bonds will be...

The United Arab Emirates’ (UAE) energy minister, Suhail Al Mazrouei, has expressed his support for JPMorgan’s recent cautionary stance on the global energy transition. What Happened: Al Mazrouei, stated that JPMorgan’s call for a “reality check” on the world’s...

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...

In a groundbreaking move, Saudi Arabia is set to open its first-ever alcohol store in the capital city of Riyadh. The store will exclusively cater to non-Muslim diplomats, marking a significant shift in the traditionally conservative Muslim country. What Happened: The store, located in the...

In a race for critical mineral resources, global powerhouses such as the United States, China, and Russia are setting their sights on Saudi Arabia. The Kingdom is ramping up its mining sector investments, positioning itself as a “super region” for natural resources. What Happened: As...

A potential bid from China to construct a nuclear power plant in Saudi Arabia is reportedly under consideration. What Happened: The move is aimed at exerting pressure on the Joe Biden-administration, pushing them to compromise on their conditions for U.S. assistance in Saudi Arabia’s pursuit...