The Undersecretary of the Saudi Ministry of Tourism Ali Fahd Hammad revealed in press statements that 37% of tourism workers were fired over the past few years, without giving further details. A state-run “Tourism Pioneers” program aims...
Things are not the same anymore for the US LIV Golf League after the entry of the Saudi Arabia’s Public Investment Fund (PIF) along the line. LIV Golf was turned down by a major broadcaster, which led to a severe dilemma for the series...
This week, Haaretz Hebrew newspaper published a new report under the title “Will MBS Bankrupt Saudi Arabia?” According to the report, the Vision 2030 declared by the Saudi Crown Prince Mohammed bin Salman (MBS) is estimated at the eye...
In a newly-released report, The Economist warned that the Saudi Crown Prince and de-facto ruler Mohammed bin Salman (MBS) 2030 vision will only augur destruction more than reconstruction. A project costing $45bn to overhaul Jeddah was unveiled 13...
Bloomberg has quoted well-informed sources as confirming that Saudi Arabia’s sovereign wealth fund is close to refinancing an $11 billion loan and significantly increasing the size of the borrowing. $11 Billion Loan vs Oil Revenues The Public...
Saudi Arabia’s controversial and grotesquely expensive £830billion hyper city project The Line will likely never see the light of day as the technology needed to build the city doesn’t actually exist yet, The Daily Star revealed. Idea...
The Saudi Crown Prince Mohammed bin Salman (MBS) has spent billions of dollars hosting major entertainment, cultural, and sporting events as a deliberate strategy to deflect from the country’s image as a pervasive human rights violator. However...
Saudi Arabia’s annual inflation rate accelerated to a 13-month high of 2.7 percent in July, up from 2.3 percent in June, according to recent data released by the General Authority for Statistics. The Kingdom’s Consumer Price Index exceeded...
Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) has spent billions of dollars on high-profile international sporting events in a bid to bolster his reputation, said a new report by Senior Fellow at the S. Rajaratnam School of...
Preparations have been under way for some times in the Moroccan city of Tangiers as a Saudi high ranking royal delegation is scheduled to spend the summer vocation in King Salman’s Morocco palace. According to Rue20.com website, the Moroccan...