NEOM, a subsidiary of Saudi Arabia's sovereign wealth fund, secures new financing finality. Tarek Qaddumi (R), executive director of the Saudi Arabia mega-project NEOM, gestures at a map showing NEOM sites as he stands beside Nicholas Ho (L), the top Hong Kong official responsible for implementing China's Belt and Road Initiative, at an exhibition at the M+ museum for visual culture in Hong Kong on April 19, 2024.
Tags: Saudi Arabia
Delta Air Lines Strikes Deal With Riyadh Air to Operate Flights Between US and Saudi Arabia
Delta Air Lines and startup Riyadh Air have entered into a partnership to connect the US and Saudi Arabia with regularly operated flights.
Riyadh Air to Announce Partnership Deal with Major ASEAN Airline This Week
Several people anonymously told Bloomberg that Riyadh Air would be announcing an agreement with a major Southeast Asian carrier in the coming days.
Aramco's $13 Billion Share Sale Attracts Strong Investor Interest
Aramco's share sale drew overwhelming demand within hours, potentially raising up to $13.1 billion, attracting global investor interest in Saudi assets.
Saudi Arabia Funds China's AI Startup to Compete With OpenAI
A Saudi Arabian fund has become the sole foreign investor in China's generative artificial intelligence sector, supporting the country's efforts to rival industry leader OpenAI.
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Despite a 24.7% profit drop, Saudi Aramco reported increased dividends in 2023 and billions of investments to keep Saudi Arabia's economy afloat.
Saudi Arabia, Russia, and some other key members of the Organization of the Petroleum Exporting Countries Plus (OPEC+) have decided to prolong their voluntary crude supply cuts until June.
Amazon said Friday that it had paid around $1.9 million to over 700 migrant workers in Saudi Arabia who claimed they had suffered human rights abuses.
Saudi Arabia has opened its first liquor store in over 70 years, marking a significant departure from its conservative traditions.
Saudi Arabia's Public Investment Fund (PIF) has emerged as the world's most active sovereign investor in 2023, with deals worth billions of dollars.
Saudi Arabia has unveiled a 30-year tax exemption package for foreign companies that want to establish their regional headquarters in the kingdom.
Resarch said that the clustered bomb that have been deployed in Yemen were from Britain and is helping to traiin the Saudi forces.
Saudi Arabia's non-oil businesses recorded an increased activity in November. This came after the sector struggled in September to October. Compared to the previous month's PMI record of 53.2, the sector gained momentum as it recorded 55.0 in November.
Saudi Arabia’s King Salman issued a directive to transfer $27 billion to the Public Investments Fund. The allocation to the sovereign wealth fund aims to diversify investments and lessen the country’s dependence on oil revenues.
