Oil and petrochemical giants Aramco and SABIC are to spearhead a new $1.3trn Shareek (Partner) programme…
Saudi Arabia
Business news and investment opportunities in Saudi Arabia
SAMI plans to bring Saudi defence home
Saudi Arabia intends to be spending 50% of its military budget on equipment made at home…
ABB sets up shop in Saudi Arabia
Switzerland’s ABB Marine and Ports is setting up a local division in Saudi Arabia in a…
24 multinationals chose KSA in FII coup for Crown Prince
24 multinationals, including PepsiCo, Schlumberger and Boston Scientific, told attendees at the FII investment forum in…
Saudi replaces bank governor as PIF changes tack
New SAMA governor's appointment coincides with PIF sovereign wealth fund's push to attract more investment into…
MBS draws The Line
The Line will be a 100-mile pedestrianised belt of carbon-free communities big enough to house million…
Gulf’s sovereign wealth funds snap up US stocks
The sovereign wealth funds of Saudi Arabia (PIF) and Qatar (QIA) are planning to capitalise on…
Aramex buys way in to Vision 2030
In a further statement of its intent to capitalise on Saudi Arabia’s Vision 2030 initiative, the…
Riyadh and Tehran draw up new ‘soft power’ battle lines at Basra
More than a quarter of a century after the road to Basra briefly became short hand…
Saudi Prince arrives in UK with charm offensive and $90bn in trade deals
The UK and Saudi Arabia this week agreed to boost mutual trade and investment between the…
Russia and China set to join forces in Saudi Aramco IPO
A joint Russia-China investment fund is gearing up to participate in Saudi Aramco’s forthcoming IPO, the CEO of…
Russia looks to invest in Saudi Aramco as bonds with Riyadh grow ever deeper
Russian pension funds are considering investing in Saudi Aramco when it lists its stock in a…
Coals to Newcastle*?: Putin offers to sell LNG from Yamal to Saudi Arabia
In the latest twist in the complex and sometimes bizarre tale of Eurasian geopolitics, Russian President…
Saudi purge casts doubt over plans for Saudi Aramco IPO
Last weekend’s spate of arrests orchestrated by Saudi Arabia’s Crown Prince Mohammed bin Salman that has…
Saudis pump $500bn into high-tech city as ‘baby boomers’ head for job market
Saudi Arabia is planning to invest $500bn in a futuristic city run entirely on alternative sources…
Promise of $3bn Saudi investment on table as Salman lands in Moscow
Russia and Saudi Arabia are expected to announce the launch of two $1bn investment funds this…
Qatar blockade puts 2022 World Cup under threat
The very real possibility of Qatar facing a long-term blockade of its sea and land routes…
Saudi-led rift with Qatar casts shadow over China’s Silk Road ambitions
This week’s decision by a number of Arab states led by Saudi Arabia to cut all…
China looks to Saudi Arabia to protect Maritime Silk Road route
This March, the Saudi Monarch King Salman embarked on a six-week tour of Asia, the highlight of…
Saudi wealth fund commits $20bn to US infrastructure as Trump slams Iran
Ties between Washington and Riyadh moved up a notch this week during the course of US…
Saudi Vision 2030 ‘could attract $1trn in FDI over next 15 years’ – OECR
Saudi Vision 2030, the KSA’s plan to diversify the kingdom’s oil-dependent economy could attract up to…
Saudi Aramco to woo Chinese with IPO
Saudi Aramco has asked JPMorgan Chase & Co and Morgan Stanley to help with what, at $100bn,…
Saudis to launch $30bn renewable energy programme within weeks
Saudi Arabia is getting ready to launch a 15-year, $30-50bn renewable energy program as it prepares…
Trade with Iran surges – but tensions in Gulf threaten to spoil Tehran’s party
Trade with Iran: Germany became the latest country to report a jump in exports to Iran yesterday…