Tag: Saudi Arabia

MBS’s Lavish Spendings Under Spotlight

Well-informed sources revealed that Saudi Crown Prince Mohamed bin Salman (MBS) has been taking large amount of money from the Saudi Public Investment Fund in uncontrolled way. Over the past two months, MBS took $100 million from the Public...

MBS Is Furious over His NEOM Project Failure

Top secret sources revealed that Saudi Crown Prince Mohamed bin Salman (MBS) is holding meetings on a daily basis with senior officials over the failure of his megacity project, NEOM. NEOM appears to be one of the crown prince’s highest priorities...

MBS Fears Anti-Regime Hashtags

Saudi Crown Prince Mohammed bin Salman (MBS) has entered a state of panic and fear after an anti-regime hashtag recently swept Saudi social media platforms. Sources familiar with the matter said that MBS is following up on all the anti-regime...

Saudi Public Investment Fund Reports $11 Billion Loss

Saudi Arabia's Public Investment Fund reported an $11 billion investment loss for 2022, Economic sources revealed. The Public Investment Fund (PIF), which is headed by the Saudi Crown Prince Mohamed bin Salman (MBS), did not report such a loss in...

MBS Seeks $2.7 Billion Loan to Build his Megacity Project

Saudi Arabia’s Neom, the company developing Crown Prince Mohammed bin Salman’s (MBS) flagship mega project, is looking to raise a 10 billion riyal ($2.7 billion) loan, according to people familiar with the matter. Neom, a unit of the kingdom’s...

MBS Orders Demolition of More Homes in Jeddah

Saudi Crown Prince Mohammed bin Salman (MBS) has recently ordered the demolition of the entire city of Jeddah including hospitals, schools, and mosques, as soon as possible as part of his modernisation plan, well-informed sources revealed. So far...