Saudi National Bank, or SNB, majority-owned by the kingdom’s Public Investment Fund and its largest lender, has committed to $1.5 billion to become a new strategic investor and take a 9.9% stake in Credit Suisse, subject to approval by existing...
Saudi Arabia is working with Lazard Ltd. on how to provide funding for mega project NEOM, Bloomberg said, citing people familiar with the matter. Saudi Arabia is working with Lazard Ltd. as it considers how it will pay for Neom, Crown Prince...
Saudi Arabia’s Public Investment Fund is making a fresh investment worth tens of millions of pounds in Newcastle United FC, the English football club it bought just over a year ago, Bloomberg revealed in a new report issued this week. According to...
Chinese President Xi Jinping is expected to visit Saudi Arabia by the end of this year as the world’s top oil importer and the top oil exporter strengthen energy and strategic ties, while US.-Saudi relations are at a historically low level, well...
In an interview with Yahoo News, the former Twitter executive Vivian Schiller said that Saudi dissidents should consider dropping their use of the social media platform in light of the outside role that a prominent Saudi billionaire, with close ties...
The Wall Street Journal shed light, in a new report released this week, on the legal battle between PGA and LIV Golf backers, the Saudi Arabia Public Investment Fund, an entity controlled by the Saudi crown prince Mohamed bin Salman (MBS). A newly...
US officials are weighing whether to open a formal investigation into Elon Musk’s purchase of Twitter as new details emerge about the privileges granted to large foreign investors under the terms of the deal, including Saudi investors. The...
After Banning it for Several Years, Halloween Celebrated in Saudi Arabia to Overcome Economic Crisis
The New York Times released a new report this week shedding light on Halloween celebrations held in Saudi Arabia after being banned for several years. Only a few years ago, a Halloween party meant arrest. Now, a government-sponsored “horror weekend”...
French Intelligence Online website revealed that the French drone maker Azur Drones has taken an order to supply Saudi Arabia projects of NEOM and Al-Ula, as the firm continues to develop its business in the region. According to the website...
Saudi Arabia’s sovereign wealth fund is pushing ahead with plans to reduce its stakes in some of the kingdom’s biggest companies and raise billions of dollars for new investments, Bloomberg revealed on Friday. People familiar with the matter...