The European FANK Foundation published a new report on Saudi Arabia, saying that Saudi Crown Prince Mohammed bin Salman’s (MBS) unlimited extravagance in sports activities to whitewash his foreign image will go in vain. “It is clear that...
The Saudi Ministry of Finance has resumed its deceitful and misleading tactics towards the Saudi public in regard to non-oil revenue files in recent years without providing further details or clarification on the sources of diversity mentioned in...
In an English-language interview with Fox News, broadcast and translated by the Saudi Al-Ikhbariya channel, Saudi Crown Prince Mohammed bin Salman (MBS) denied reports about the normalization agreement that was secretly concluded between the Kingdom...
Saudi Public Investment Fund, headed by Saudi Crown Prince Mohamed bin Salman (MBS), has allocated $8 billion to build hotels and tourist resorts in the Jazan region, well-informed sources revealed. According to the sources, MBS has ordered the...
Saudi Crown Prince Mohammed bin Salman (MBS) has been spending large amounts of money in an efforts to whitewash his poor human rights record sullied following the journalist Jamal Khashoggi’s assassination. Sources familiar with the matter...
Well-informed sources affirmed that Saudi Arabia’s sovereign wealth fund, headed by Saudi Crown Prince Mohammed bin Salman (MBS), considered an attempt to add Formula 1 motor racing to its growing portfolio of sports investments. The PIF...
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 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...
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...