In a development that highlights a striking contradiction in Saudi Arabia’s economic policy, Saudi and Pakistani investors have announced the launch of a joint investment fund with an initial size of several hundred million dollars, allocating...
From a multibillion-dollar attempt to acquire a video game technology company to the potentially costly dismantling of LIV Golf and another injection of capital into England’s Newcastle United, recent developments expose a striking...
Saudi Arabia’s economy has contracted for a second consecutive quarter, with oil activity plunging 20.4% and non-oil growth reaching just 1.9%. For Never NEOM, the figures raise urgent questions about the economic returns of the kingdom’s expensive...
Saudi Arabia has spent billions positioning Riyadh as a global business and investment hub. Yet eight consecutive weeks of stock market declines, more than 5,500 cancelled flights and growing corporate security concerns are exposing the...
Saudi Arabia’s concentration of political, economic and security authority has accelerated major reforms. But it has also made strategic setbacks more closely associated with the crown prince, raising questions about institutional oversight...
Saudi Arabia is spending billions on futuristic cities, international sporting events and global investment projects. But mounting fiscal pressures and human rights concerns raise a more fundamental question: can the kingdom modernise its image...
Saudi oil exports are recovering and crude prices remain high. But record shipping costs, insurance risks and disrupted export routes are changing the economics of the Saudi barrel — forcing Aramco to offer Asian buyers its deepest discount in six...
The non-oil economy is bigger than ever. But with GDP contracting, the deficit approaching SAR 191 billion, debt rising and foreign investment weakening, Saudi Arabia is confronting a harder question: can the new economy finance the state when oil...
There are moments that reveal the nature of an entire relationship more clearly than dozens of summits, defence agreements and diplomatic statements. The reported sight of American aircraft being prepared for strikes against the Houthis, only for...
Eleven years after Saudi Arabia went to war in Yemen to prevent the Houthis from becoming a permanent threat on its border, Riyadh is asking four countries for air-defence support while Washington refuses to fight its war. The kingdom spent billions...