Saudi Arabia’s Cultural Development Fund is poised to launch a new $233m ($879m Saudi Riyal) film industry financing program in the first quarter of 2023, which will be open to both local and international entities, Deadline Hollywood reveled this...
The United States Institute of Peace said in a new report that even as China’s ties with Saudi Arabia and the region deepen, Washington remains an indispensable partner despite perceptions of retrenchment. The United States has long been Saudi...
Forbes magazine revealed in a recent report that Lucid Group's share price has sharply declined after losing 82% of its value this year. Saudi Arabia's Public Investment Fund holds nearly 62% of Lucid's common stock, the US magazine added. According...
In a rare interview with the Saudi state-owned Al-Arabiya news channel, the Israeli newly-elected Prime Minister Benjamin Netanyahu renewed vows to normalise ties with Saudi Arabia once he takes office. I think we can have a new peace initiative...
Saudi Arabia and China showcased deepening ties with a series of strategic deals on Thursday during a visit by President Xi Jinping, including one with tech giant Huawei, whose growing foray into the Gulf region has raised US security concerns...
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...
In an interview with Yahoo News, the former Twitter executive Vivian Schiller said that Saudi dissidents should consider dropping their use of the social media platform in light of the outside role that a prominent Saudi billionaire, with close ties...
The Wall Street Journal shed light, in a new report released this week, on the legal battle between PGA and LIV Golf backers, the Saudi Arabia Public Investment Fund, an entity controlled by the Saudi crown prince Mohamed bin Salman (MBS). A newly...
US officials are weighing whether to open a formal investigation into Elon Musk’s purchase of Twitter as new details emerge about the privileges granted to large foreign investors under the terms of the deal, including Saudi investors. The...
Saudi Arabia’s sovereign wealth fund is pushing ahead with plans to reduce its stakes in some of the kingdom’s biggest companies and raise billions of dollars for new investments, Bloomberg revealed on Friday. People familiar with the matter...
