Saudi Arabia

In a strategic move that could reshape the aviation landscape of the Middle East, Saudi Arabia’s sovereign wealth fund, led by Crown Prince Mohammed bin Salman is reportedly in talks to acquire the kingdom’s national airline, Saudia. What Happened: The Public Investment Fund (PIF), with...

The Saudi Arabian Public Investment Fund (PIF) is contemplating an increase in bond sales and IPOs to finance the ambitious economic transformation project spearheaded by Crown Prince Mohammed bin Salman. What Happened: The PIF is considering a surge in debt sales or bank loans to finance the...

In a recent interview, Michael Cohen, former attorney to former President Donald Trump, suggested that the former president’s “super ego” has taken a hit due to his mounting legal fees. Cohen also warned of potential national security risks if Trump’s legal debts are paid...

Cristiano Ronaldo could be in hot water again, this time in Saudi Arabia. The footballer is reportedly under investigation by the Saudi Football Federation for an alleged obscene gesture he made after a match. What Happened: After Al-Nassr's 3-2 win over Al-Shabab in the Saudi Pro League, Ronaldo...

This week was brimming with impactful news stories. From potential political shifts triggering business concerns in Japan, to the IRS cracking down on tax evasion among the wealthy, there was no shortage of stories that could reshape the global economic landscape. Moreover, the ongoing decoupling...

The ambitious development projects in Saudi Arabia are straining the country’s finances, leading to unprecedented borrowing and potential stock sales in its crown jewel, Saudi Aramco. What Happened: Saudi Arabia has been embarking on a series of high-profile projects, including a $500...

In a strategic move, Alibaba Group Holding Ltd. (NYSE:BABA) has initiated partnerships with local companies in Saudi Arabia and the United Arab Emirates (UAE) as China strengthens its relations with the Gulf region. What Happened: Alibaba’s President, Michael Evans, revealed the company...

The Surprise Higher For Longer Issue The Federal Reserve surprised the market by leaving the fed funds rate unchanged and indicating its not inclined to lower at the next meeting in March. The market was disappointed, but a better-than-expected manufacturing index with higher-than-expected pricing...

Luxury automaker Lucid Group Inc (NASDAQ:LCID) is to launch a dedicated security vehicle for the Saudi Arabian police force, if online murmurs are to be believed, in an initiative that could deepen the company’s already significant ties with the Kingdom. What Happened: As per Drive Tesla,...

In a recent development, Saudi Arabia is reportedly willing to accept a political commitment from Israel for the establishment of a Palestinian state. This move is seen as an attempt to secure a defense pact with the U.S. before the 2024 presidential election. What Happened: Saudi Arabia is willing...

In a development that could have wider implications for the oil market, Saudi Arabia's state-owned Aramco has suspended its plan to boost its maximum crude production capacity. The decision comes against the backdrop of a shifting global landscape, with increasing concerns about the...

In a groundbreaking move, Saudi Arabia is set to open its first-ever alcohol store in the capital city of Riyadh. The store will exclusively cater to non-Muslim diplomats, marking a significant shift in the traditionally conservative Muslim country. What Happened: The store, located in the...

In a race for critical mineral resources, global powerhouses such as the United States, China, and Russia are setting their sights on Saudi Arabia. The Kingdom is ramping up its mining sector investments, positioning itself as a “super region” for natural resources. What Happened: As...

Saudi Arabia has issued $12 billion in debt, marking its most significant foreign borrowing since 2017, at a time when emerging-market nations are increasingly investing in bonds. What Happened: The desert kingdom’s borrowing contributes to the nearly $25 billion of bonds that developing...

In a move that has sent shockwaves through the oil market, Saudi Arabia has drastically reduced oil prices, leading to a significant increase in short positions in both Brent crude and West Texas Intermediate crude. What Happened: Short positions in Brent crude and West Texas Intermediate...