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Tag: Saudi Arabia

Posted on April 13, 2025

SICO named best investment bank in Bahrain at Global Finance World’s Best Investment Banks 2025 awards

SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, was named Best Investment Bank in Bahrain at the 2025 Global …
Posted on April 13, 2025

Saudi Arabia, US on ‘pathway’ to civil nuclear agreement, US Energy Secretary says

The United States and Saudi Arabia will sign a preliminary agreement to cooperate over the kingdom’s ambitions to develop a civil nuclear industry, U.S. Energy Secretary Chris Wright told reporters in the Saudi capital Riyadh on Sunday.
Posted on April 12, 2025

Tanking oil prices could more than double Saudi Arabia’s deficit to $75 billion and threaten spending plans: Goldman Sachs economist

Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price forecast for 2025 to $62 a barrel.
Posted on April 12, 2025

How Saudi Arabia’s dreams of building Hollywood in the desert fell short

Saudi Arabia has hit speed bumps in its efforts to build a global TV and movie industry, according to insiders and a previously unreported audit.
Posted on April 11, 2025

Tesla launches in Saudi Arabia with its first showroom and service center in Riyadh

Tesla officially launched in Saudi Arabia on Thursday, marking a new chapter in the company’s global expansion after Elon Musk ’s troubled relationship with the kingdom — but the Middle East country’s …
Posted on April 10, 2025

Cybertrucks in the desert: Tesla launches in Saudi Arabia

Tesla launched operations in Saudi Arabia on Thursday, a sign that Chief Executive Elon Musk has patched up relations with the kingdom and that the oil capital was moving forward with an ambitious …
Posted on April 10, 2025

Saudi will not waste a Trump-fuelled oil crisis

President Donald Trump’s global trade war has created tumult in the oil market that Saudi Arabia did not seek, but can turn to its advantage even if its window for navigating a price war is narrow.
Posted on April 10, 2025

Goldman Warns Oil Crash Could Push Saudi Arabia’s Budget Deficit to $67 Billion

The oil-price crash is set to have far-reaching consequences for Saudi Arabia’s finances and vast economic ambitions.
Posted on April 10, 2025

Goldman Warns Oil Crash Could Push Saudi Arabia’s Budget Deficit to $67 Billion

The oil-price crash is set to have far-reaching consequences for Saudi Arabia’s finances and vast economic ambitions.
Posted on April 9, 2025

Peter Thiel’s Valar, Saudi Arabia’s Sanabil Back Commerce Firm

The venture capital arm of Saudi Arabia’s sovereign wealth fund and Peter Thiel’s Valar Ventures are jointly leading a $110 million funding round in SILQ Group, a newly formed commerce …

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