Saudi Arabia

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said that he was sure of support from Saudi backers to take the automaker private in 2018, but they later backtracked on the commitment. What Happened: Musk testified at a trial in a San Francisco federal court that he met with representatives of Saudi Arabia...

Former Treasury Secretary Lawrence H. Summers expressed his concerns in October 2022 over the decision of OPEC+ after the alliance reduced its output by 2 million barrels per day, a decision that has not gone well with the Biden administration. “This is not good news from OPEC. It...

World Wrestling Entertainment (NYSE: WWE) is still for sale Wednesday. The wrestling promotion was the subject of widespread rumors this week concerning a deal with Saudi Arabia's Public Investment Fund, but multiple media sources are confirming that the company has not been sold...

World Wrestling Entertainment, Inc (NYSE: WWE) has reportedly been sold to Saudi Arabia Public Investment Fund. What Happened: The purchase means that the WWE will no longer be a publicly traded company, reported Fox News. The development takes hours after the company said that Stephanie McMahon...

Chinese President Xi Jinping hailed a "new era" in the China-Saudi relationship after meeting Saudi Arabia's crown prince Mohammed bin Salman on Thursday, as the two leaders signed partnership deals in Riyadh.  What Happened: Xi, in a piece published in Saudi Arabia's state media, wrote, "The visit...

The U.S. disputed Saudi Arabia and the U.A.E.'s joint claims on Thursday that the Middle-Eastern nations were involved in mediation efforts to release American basketball star Brittney Griner from detainment in Moscow. What Happened: The White House press secretary Karine Jean-Pierre...

Kenneth Griffin, who began trading stocks in his Harvard dorm in 1987, is the founder, CEO and co-CIO of Citadel Advisors. In 2002, Griffin established Citadel Securities, now one of the leading market makers in the world. During the GameStop (NYSE: GME) short squeeze fiasco, Griffin was...

The Argentine Football Association's Crypto Fan Token ARG (CRYPTO: ARG) plummeted after Argentina lost to Saudi Arabia in the FIFA World Cup on Tuesday. What Happened: According to CoinMarketCap, ARG was down 30% in the last 24-hours, going from roughly $7.20 at the start of the match to a...

Saudi Arabia executed 17 people in 12 days for drugs and contraband offenses since November 10 after a two-year hiatus, the U.N. said.  What Happened: With the total number of executions this year in Saudi Arabia rising to 144, the U.N. human rights office spokesperson said this is a record...

The 2022 World Cup kicked off Sunday, Nov. 20 with the first of 64 games to determine which of the 32 teams that qualified will lift the World Cup Trophy as the best team in the world. With 64 games to be played, there will likely be several upsets, including a big one that happened Tuesday. What...

Former U.S. President Donald Trump's organization inked a deal with a Saudi Arabian real estate developer for a $4 billion project in Oman. What Happened: The Dar Al Arkan Global Company deal includes building “Trump residential villas, a hotel, and a golf course,” according to a stock...

Taking a U-turn on Jamal Khashoggi‘s killing, the Joe Biden administration said Saudi Arabia’s Crown Prince Mohammed bin Salman should be granted immunity. What Happened: A court filing made by the U.S. Justice Department lawyers, at the request of the State Department, said because...

Saudi Arabia has announced a new project, this time a $5 billion terayacht so big it will make oligarchs' superyachts look like toys. The Saudi terayacht has turtle-shaped and is supposed to house 60,000 people. If completed, the terayacht named Pangeos will become the largest...

The Trump Organization signed an agreement to license its brand to a housing and golf complex set to be built in Oman by a Saudi Arabian developer, according to the New York Times. The $1.6 billion project, known as Aida, will be developed by Dar Al Arkan. In addition to the golf course, the...

Officials from at least six countries splurged thousands of dollars at former U.S. President Donald Trump‘s hotel in Washington to land crucial deals, showed documents. What Happened: Foreign officials from Malaysia, Saudi Arabia, Qatar, the United Arab Emirates, Turkey, and China spent over...