Saudi Arabia

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...

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...

U.S. Secretary of State Antony Blinken has landed in Saudi Arabia to initiate discussions on the governance of Gaza post the Israel-Hamas conflict. Why It Matters: Blinken’s visit to Saudi Arabia is part of a broader Middle East tour to address the Gaza governance, Reuters reported. He is...

Saudi Arabia's Manara Minerals is reportedly in advanced talks to acquire a minority stake in Pakistan’s Reko Diq gold and copper mine project. The project, located in the commodity-rich province of Balochistan, is on track to start production by 2028. According to Bloomberg and the state-run...

The U.S. military has confirmed the destruction of two drones in Houthi-controlled areas of Yemen and over the Red Sea, citing a potential threat to American and coalition forces. What Happened: The U.S. Central Command stated on Sunday that the drones were destroyed on Saturday morning, reported...

Deepwater Asset Management‘s managing partner Gene Munster has raised a red flag over the potential impact of Saudi Arabia’s $40 billion AI investment on the U.S. market. What Happened: On Tuesday, Munster took to X, formerly Twitter, to express his concerns about...

Saudi Aramco CEO Amin Nasser has cautioned that the global energy transition is faltering and urged policymakers to adopt a more realistic approach to the future of oil and gas. What Happened: Nasser, speaking at the CERAWeek by S&P Global energy conference in Houston, Texas, asserted that the...

As the Saudi Public Investment Fund (PIF) marches towards an impressive $1 trillion by 2025, it solidifies its position as a major player in global investments, particularly in transformative tech. PIF, guided by Crown Prince Mohammed Bin Salman (MBS), is the 5th largest Sovereign Wealth Fund in...

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...

In a recent interview, Michael Cohen, former attorney to former President Donald Trump, suggested that the former president’s “super ego” has taken a hit due to his mounting legal fees. Cohen also warned of potential national security risks if Trump’s legal debts are paid...

Cristiano Ronaldo could be in hot water again, this time in Saudi Arabia. The footballer is reportedly under investigation by the Saudi Football Federation for an alleged obscene gesture he made after a match. What Happened: After Al-Nassr's 3-2 win over Al-Shabab in the Saudi Pro League, Ronaldo...

This week was brimming with impactful news stories. From potential political shifts triggering business concerns in Japan, to the IRS cracking down on tax evasion among the wealthy, there was no shortage of stories that could reshape the global economic landscape. Moreover, the ongoing decoupling...

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 strategic move, Alibaba Group Holding Ltd. (NYSE:BABA) has initiated partnerships with local companies in Saudi Arabia and the United Arab Emirates (UAE) as China strengthens its relations with the Gulf region. What Happened: Alibaba’s President, Michael Evans, revealed the company...