Since coming to power, Saudi Crown Prince Mohamed bin Salman (MBS) has spent a third of the kingdom's budget on weapon purchases, despite the high unemployment rate. Saudi Arabia ranked as the second-largest arms importer globally in 2018-2022. The...
Lucid Group Inc (LCID) stock is down 66% over the past year and gets a Bearish rating from Investors Observer Sentiment Indicator. This came shortly after Saudi Arabia's Public Investment Fund (PIF) holds nearly 65% of Lucid's common stock. Sources...
The Brazilian authorities have ordered a police investigation into reports that government staff under the former President, Jair Bolsonaro, tried to bring millions of dollars worth of jewellery into the country “without complying with legal...
The $500 billion futuristic city of NEOM, declared by Saudi Crown Prince Mohammed bin Salman (MBS) as part of his Vision 2030 project, will never come true. Saudi Arabia is building its very first cognitive and smart $500 billion city, that is...
Over the past few years, Saudi Arabia has spent billions of dollars on high-profile international sporting events in a bid to bolster its international reputation. A source familiar with discussions said that the momentous scale of Saudi Arabia’s...
As part of his attempts to whitewash hos poor human rights record, Saudi Crown Prince Mohamed bin Salman (MBS) is reportedly offering Lionel Messi up to $400 million a year to join a Saudi club. Saudi Arabia is regularly criticised by human rights...
Touted by some as Saudi Arabia’s progressive reformer, Saudi Crown Prince Mohammed bin Salman (MBS) has an ominous human rights record.Since becoming in office in 2017, the kingdom’s de facto ruler has tightened his grip on power, launching a wave...
As part of his attempts to boost his image worldwide, the Saudi Crown prince Mohammed bin Salman (MBS) is looking to invest billions of dollars into Hollywood movies and entertainment. Well-trusted sources revealed that MBS is aiming to turn Saudi...
This week, Saudi Arabia marks its second-ever Saudi Founding Day, which falls on February 22 and commemorates the establishment of the Saudi state. The Saudi celebrations included fireworks show and music concerts, performed by high-profile singers...
Saudi Arabia is regularly criticised by human rights groups for its detention and torture of political opponents and for its intervention in the military conflict in Yemen, which has led to thousands of civilian deaths. The murder of dissident...
