In a shocking revelation that underscores the fragility of Saudi Arabia’s economic policies, Masayoshi Son, CEO of SoftBank, has admitted that his partnership with Mohammed bin Salman failed to deliver the expected returns. Even more concerning, Son...
As regional and global tensions continue to escalate, Saudi Defense Minister Prince Khalid bin Salman met with his U.S. counterpart, Lloyd Austin, to discuss bilateral relations, strategic defense cooperation, and ways to strengthen security and...
In a bid to position itself as an emerging economic power, Saudi Arabia, in collaboration with the International Monetary Fund (IMF), is hosting the AlUla Emerging Markets Conference. Riyadh aims to showcase itself as a rising economic force in the...
On February 12, 2025, the Saudi stock market suffered a 0.31% drop, weighed down by significant losses in key sectors. While this may seem like a routine market fluctuation, the reality is far more concerning. This downturn is not an isolated...
In yet another sign of Saudi Arabia’s increasing reliance on debt to finance its ambitious yet unsustainable projects, the Saudi Electricity Company has announced the issuance of $2.75 billion in international sukuk, divided into two tranches: ...
In yet another attempt to polish his economic reputation and promote ambitious yet fragile projects, Mohammed bin Salman has announced massive investments in artificial intelligence, partnering with global tech giants such as Lenovo, Grok, Alibaba...