Bloomberg News Agency revealed that the Saudi Public Investment Fund is in talks with Singapore’s GIC Pte Ltd to jointly fund up to 800 billion won ($591 million) for Kakao Entertainment Corp’s initial public offering due next year. According to the...
Saudi Crown Prince Mohammed bin Salman’s dream of a new Saudi reality is just getting weirder. Instead of improving his people’s living situation, MBS continues to spend billions of dollars hosting major entertainment, cultural, and...
Saudi Arabian real estate developer Dar Al Arkan signed an agreement with former US President Donald Trump’s company to use the Trump Brand for its $4 billion project in the Gulf state of Oman that includes a golf course, hotel and villas...
The Associated Press quoted in a new report some observers as saying that Saudi Crown Prince Mohammed bin Salman (MBS) hopes the city will become a skyline-studded Saudi version of Dubai that will offer the kingdom jobs and cement a future beyond...
Saudi Arabia recorded second-quarter foreign direct investment (FDI) flows down 85% year-on-year, a Reuters report revealed Thursday. The FDI inflows were at 7.9 billion riyals ($2.1 billion) in the second quarter, compared with about 51.9 billion...
The New York Times and CNN revealed a series of documents confirming Saudi Crown Prince Mohammed bin Salman’s lavish spending at Donald Trump’s Washington hotel during periods when he was seeking to influence the Trump administration...
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...
