The Ritz-Carlton in Riyadh was supposed to represent the polished face of modern Saudi luxury: marble interiors, chandeliers and suites designed for presidents, royalty and wealthy visitors. Nearly nine years after the hotel became the centre of...
Saudi Arabia’s PIF spent more than $5 billion building a rival capable of disrupting global golf. Four years later, LIV Golf has filed for Chapter 11 — and the sovereign wealth fund is providing just $49.6 million to finance its restructuring. Four...
NEOM University did not need a formal cancellation announcement. According to Times Higher Education, something quieter appears to have happened: the name disappeared, senior figures left, detailed references to the university were removed from...
A reported €6 billion Saudi investment could create 22,000 jobs in France. Behind the headline — and the story of Mohammed bin Salman and Emmanuel Macron’s shared enthusiasm for Dragon Ball Z — lies a more serious question about how Saudi sovereign...
Red Sea Global is turning to bank debt, advance property sales and international hotel operators as the PIF-backed tourism experiment enters a more demanding phase: proving that its resorts can finance themselves. For years, the financial model...
After years of Saudi backing, the electric-vehicle maker is confronting product problems, delayed launches and a more fundamental question: what exactly have the billions bought? For years, Saudi Arabia’s investment in Lucid Motors was...