Saudi Arabia banks embark on record bond binge for mega-projects
SAUDI Arabia’s banks could raise a record amount of debt this year as a liquidity squeeze strains Crown Prince Mohammed Salman’s multi-trillion...
Saudi Arabia gets US$13 billion in investment in tourism boost
SAUDI Arabia has attracted about US$13 billion in private sector investment into its tourism industry as it aims to share the cost...
Saudi Arabia moves US$164 billion Aramco stake to wealth fund
SAUDI Arabia’s government transferred a further US$164 billion stake in Aramco to the Public Investment Fund (PIF), a move aimed at bolstering...
Saudis lift oil price to Asia after Opec+ extends output cuts
Saudi Arabia increased prices of its main oil grade to buyers in Asia next month after the Opec+ group agreed to extend...
Trump ties up with Saudi developer on luxury housing, golf club
THE Trump Organization is teaming up with a Saudi developer on a US$200 million luxury housing development in Oman’s capital, marking the...
Amazon’s AWS to launch Saudi Arabia data centres, invest over US$5.3 billion
AMAZON.COM’S cloud division Amazon Web Services (AWS) said on Monday (Mar 4) it will launch data centres in Saudi Arabia in 2026...
ATP Tennis Tour signs sponsor deal with Saudi wealth fund
SAUDI Arabia’s Public Investment Fund has signed a five-year deal with the ATP Tour to sponsor the official rankings, marking another bid...
Saudi Arabia's wealth fund to tap debt market for second time this year
SAUDI Arabia’s sovereign wealth fund has hired banks to tap the debt market for the second time this year with an Islamic...
CFA puts Saudi Arabia at the heart of Middle East expansion
THE CFA Institute is working to expand its membership network in the Middle East, with Saudi Arabia a key focus as the...
Saudi Arabia sees medium-term non-oil growth at over 5%
SAUDI Arabia’s non-oil growth is expected to come in above 5 per cent in the medium term, Finance Minister Mohammed Al Jadaan...