Latest News for: Wealth saudi arabia

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The scaling back of Saudi Arabia’s proposed urban mega-project sends a clear warning

Raw Story 05 May 2024
The conservative and authoritarian Kingdom of Saudi Arabia is very much aware that the end is in sight for the fossil fuel economy that underpins its sovereign and private wealth ... However, the other bet that Saudi Arabia has been making is in cities.
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This family worth $1 trillion, lives in 1,000 room palace, travels in gold plated cars

The News International 04 May 2024
The House of Saud is the ruling dynasty of Saudi Arabia ... The house of Saud has been the ruling dynasty of Saudi Arabia since 1932 ... The head of the family, and the king of Saudi Arabia, Salman bin ...
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“To the Future”: Saudi Arabia spends big to become an AI superpower

Denver Post 04 May 2024
More than 200,000 people converged at the conference, including Adam Selipsky, CEO of Amazon’s cloud computing division, who announced a $5.3 billion investment in Saudi Arabia for data centers and artificial intelligence technology.
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Saudi Arabia’s Q1 GDP falls 1.8 per cent as oil sector weighs

CyprusMail 02 May 2024
Saudi Arabia’s over $700 billion sovereign wealth fund, the Public Investment Fund (PIF), raised $5 billion through the sale of a triple-tranche conventional bond in January and $3.5 billion ...
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Citi CEO Jane Fraser banks on revamped Middle East business to drive growth

The National 01 May 2024
The Middle East is also the home base for sovereign wealth funds and investors, including Saudi Arabia's Public Investment Fund as well as Abu Dhabi funds Mubadala Investment Company and ADQ, whose ...
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Barrick Gold in talks to raise $2bn for Pakistan’s Reko Diq

The News International 01 May 2024
Saudi Arabia is in talks to buy part of the stake from the Pakistan government. Barrick in last August said it is open to bringing in Saudi Arabia's wealth fund as one of its partners in Reko Diq.
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Why playing Premier League games in the US is the last thing football needs

Yahoo Daily News 01 May 2024
Fifa are in the process of moving some of their major departments to the United States, all while deepening the relationship with the other future pole of the sport, in Saudi Arabia.
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Kuwait, Saudi share Durra field

Arab Times 01 May 2024
... lies entirely in the territorial waters of Kuwait and the hydrocarbon wealth in the adjacent submerged area is shared by Kuwait and Saudi Arabia away from any third party, based on signed agreements.
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Saudi Arabia’s $1.5T futuristic city still on track despite scaling-back rumors amid money issues

New York Post 30 Apr 2024
While concerns over NEOM’s finances have surfaced, particularly regarding the approval of the project’s 2024 budget by Saudi Arabia’s sovereign wealth fund, Al Ibrahim assured that decisions are being made accordingly.
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Freezoner Organizes the "Investing in the Golden Triangle" Conference In Collaboration with IFZA to Discuss Investment Opportunities in the UAE, KSA, and Egypt

Egypt Today 30 Apr 2024
The event aimed to explore investment prospects in the Arab region and assess the feasibility of establishing companies in the United Arab Emirates, Saudi Arabia, and Egypt ... Meanwhile, Saudi Arabia has ...
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Sovereign fund-led economy: Oman takes a page from Saudi Arabia

Al Monitor 30 Apr 2024
Part of the shift in sentiment results from Oman’s decision to follow Saudi Arabia’s path in centralizing control of state-owned enterprises into a sovereign wealth fund ... The strategy mimics Saudi ...
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WEF special meeting concludes in Riyadh; world leaders call for clear, irreversible path to peace ...

GDN Online 30 Apr 2024
Saudi Arabia also announced the extension of its collaboration with WEF’s innovation platform UpLink ... Alibrahim regarding Saudi Arabia's accession to the AI Governance Alliance, a WEF initiative.
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Bahrain International Women’s Health Conference & Exhibition Set to Launch on 3rd May with Leading ...

bizbahrain 30 Apr 2024
The event will feature renowned experts from Bahrain, Saudi Arabia, the United Arab Emirates, Turkey, the United States, and Canada, highlighting their wealth of insights, best practices, and ...
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Saudi Arabia set on securing lithium for EV ambitions

Khaleejtimes 28 Apr 2024
Last year, Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), and its flagship mining company Ma’aden formed a joint venture called Manara Minerals to invest in mining assets abroad.
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Gulf telcos flexing investment might amid drive to become global brands

Al Monitor 28 Apr 2024
Saudi Arabia’s sovereign wealth fund announced on April 22 that it will pay $2.3 billion for a 51% stake in Telecommunication Towers Company , or Tawal, a subsidiary of Saudi Telecom Company (STC) ... Saudi Arabia United Arab Emirates ....
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