Saudi Crown Prince Mohamed bin Salman (MBS) has ordered the establishment of five major investments with Chinese and Korean firms at Taif Investment Forum. Saudi Arabia will develop a $5bn Mars-themed city, a rose-growing industry and five five-star...
Saudi Crown Prince Mohammed bin Salman (MBS) continues to spend heavy amounts of money on international entertainment and sports events. Sources familiar with the matter revealed that MBS has ambitious plans to create a city dedicated to space...
The Helicopter Company (THC), a subsidiary of the Saudi Public Investment Fund (PIF), has signed a SR800 million (US$213 million) Murabaha loan agreement from Gulf International Bank – Saudi Arabia (GIB–Saudi Arabia), sources familiar with the...
Saudi Arabia is becoming a sporting superpower after the de facto ruler Crown Prince Mohammed bin Salman (commonly known as “MBS”) has spent billions of dollars on high-profile international sporting events in a bid to bolster its international...
Saudi Crown Prince Mohammed bin Salman (MBS) continues to spend the Kingdom’s funds on fictitious projects and unnecessary transactions at a time when nations are trying to rationalize spending due to the unstable regional situation. According...
Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League (IPL), the world’s richest cricket league, people familiar with the matter revealed. Saudi Arabian Crown Prince Mohammed bin Salman’s...
A major financial loss is announced by a Saudi company every day. While international investors are hesitant to make investments in Saudi Arabia, Saudi production and service companies reported significant losses. Saudi Arabia’s top chemicals maker...
Saudi Arabia has entered a dangerous phase due to the failed policies of Crown Prince, Prince Mohammed bin Salman (MBS). The oil kingdom’s treasury is no longer able to spend on vital and important projects due to the lavish spending on unreal...
NEOM, a $500 billion city project first launched by Saudi Crown Prince Mohamed bin Salman (MBS), has aligned with metaverse firm Animoca Brands to consult on blockchain use cases. Animoca Brands, a leading blockchain gaming and metaverse investment...
The Saudi Crown Prince, Mohamed bin Salman (MBS), made the decision to sell the health sector—one of the most important industries in the nation—to the private sector as a result of the Kingdom’s financial collapse. According to economic...
