Tensions between PwC and Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), escalated last year over the Big Four firm’s plans to hire a senior executive from Neom, one of
A joint investigation by Bellingcat and Lloyd’s List has identified Saudi Arabia as the latest country to import grain shipped directly from a Western-sanctioned port in occupied Crimea, underscoring Russia’s continued efforts
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Saudi Arabia has slashed the price of its flagship Arab Light crude for Asian buyers to the lowest level since early 2021, signaling intensifying pressure from a persistent global oil surplus, according
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Saudi Arabia plans to sustain elevated government spending and active borrowing over the coming years as it presses ahead with its economic diversification agenda, even as lower oil prices strain public finances.
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BlackRock Inc., the world’s largest asset manager, is planning a rapid expansion of its investments in Saudi Arabia and the broader Middle East over the coming years, aiming to capitalize on the
More Saudi Arabia is preparing to open two new alcohol stores, including one for non-Muslim employees at state oil giant Aramco, sources familiar with the plans told Reuters, as the kingdom continues to
More Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, is visiting the White House for talks with U.S. President Donald Trump, Reuters reports, aiming to deepen decades-long cooperation on oil and
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The Trump Organization and its London-listed partner Dar Global have unveiled plans for a high-end 80-villa resort in the Maldives, a project they say will use blockchain-based tokenisation to open the door
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The Saudis have been watching Israel’s use of F-35s, in Syria, Yemen and Iran. The fact that Iran paid a huge price when it lost virtually all its air defenses, certainly encouraged
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The Line was conceived as a 500-metre-tall, 170km-long glass-and-steel city designed to house nine million residents along a continuous vertical wall. Central to the project was a “hidden marina” with cruise ships
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Saudi Arabia is preparing to redirect its $925 billion sovereign wealth fund away from the large-scale real estate megaprojects that have dominated its development agenda for the past decade, Reuters reports. According
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