According to Ibrahim Ajami of the Abu Dhabi State Fund, Mubadala, UAE, becomes a global ATM as the West goes bankrupt. Five Years ago, after Washington Post columnist Jamal Khashoggi was killed in the Saudi consulate in Istanbul, virtue-signaling American finance executives withdrew from a Saudi Arabian event in Riyadh.
Saudi Arabia is urging the UK, Japan, and Italy to let it join the important new fighter jet project they all agreed on in December. Five top officials from London, Tokyo, and Rome have confirmed this request. But it’s causing tension among the three countries. The UK and Italy are
According to Yazeed A. Al-Humied, deputy governor and head of MENA Investments at the Public Investment Fund (PIF), Saudi Arabia is moving into the pharmaceuticals industry. Saudi Arabia’s sovereign wealth fund on Sunday launched a commercial-scale contract development and manufacturing organization, Lifera, to help boost the local biopharmaceutical industry. The
In a significant development, Saudi Arabia’s Ministry of Investment signed a $5.6 billion deal with a Shanghai-based electric vehicle company to develop EVs (Electric Vehicles). At an Arab-China business conference in Riyadh over the weekend, Saudi Arabia’s Ministry of Investment signed a $5.6 billion deal with Shanghai-based electric vehicle (EV)
According to a classified document obtained by The Washington Post, the Saudi Crown Prince threatened President Biden after Biden vowed to impose “consequences” on Saudi Arabia. Last fall, President Biden vowed to impose “consequences” on Saudi Arabia for its decision to slash oil production amid high energy prices and fast-approaching
A representative of the New Development Bank has informed the media that Saudi Arabia plans to join BRICS. Saudi Arabia is in talks on joining the BRICS’ New Development Bank as the ninth member, media reports. “In the Middle East, we attach great importance to the Kingdom of Saudi Arabia
The Red Sea Film Foundation, led by Prince Badr, previously chair of Saudi Arabia’s Red Sea Film Festival, is providing postproduction financing and producing Johnny Depp’s latest feature, ‘Jeanne du Barry’. Earlier this year, Johnny Depp was given a VIP tour of AlUla (pronounced AL-yoo-lah), the historic region of Saudi Arabia being heavily touted
The Wall Street Journal reported on Thursday that the CIA director told the Saudis that the US was blindsided by the normalization of relations between Saudi Arabia, Iran, and Syria.
SAMA is currently researching the market preparedness, potential efficiency, and speed of applications for digital currency payment systems. Saudi Central bank is testing digital currency.
