Saudi Arabia assured the Biden administration that the kingdom is still interested in pursuing an agreement that would normalize relations with Israel after the war in Gaza ends, White House National Security Council spokesperson John Kirby told reporters Tuesday.
How Saudi Arabia’s real estate boom is paving the way for the kingdom’s economic diversification
The kingdom’s real estate boom is more than just a construction frenzy; it’s a pivotal force behind the nation’s economic diversification and growth and is the result of an ambitious strategy by …
Shell to sell majority stake in Pakistan unit to Saudi oil firm
WAFI Energy LLC, one of the leading fuel station companies in Saudi Arabia, is a fast-growing retail gas station network and the sole licensee of Shell Retail Network in Saudi Arabia. The company was incorporated in 2012 with an authorised and paid-up capital of 3 million Saudi Riyal.
Confidence in the UK property market building among GCC investors
Property investors from Saudi Arabia, Qatar, and the UAE see the UK as a ‘strong opportunity’ for property investment, according to the latest market analysis from Al Rayan Bank.
Saudi Arabia’s oil cuts weigh heavy on economy, GDP tanks by 4.5%
In July, growth projections by the IMF for the Middle East and North Africa were also dimmed, with Saudi Arabia’s economic slowdown being one of the main reasons for the outlook revision. Business and policy professionals use PRO to monitor the regional …
Six Senses AlUla to open by 2027 in Saudi Arabia
Six Senses AlUla is expected to welcome its first guests in 2027 and will be situated in a “natural oasis sprinkled with lush palm groves and framed by dramatic red-sandstone cliffs.” The 100 guest …
Six Senses announces another hotel in Saudi Arabia
Six Senses has announced another Saudi Arabia property, this time in AlUla. The ultra-luxury, sustainably minded and wellness-focused brand had already revealed plans for properties as part of the Red …
What Is the Net Worth of Saad Hariri, Former Prime Minister of Lebanon?
Saad Hariri’s wealth primarily comes from his family’s business holdings, particularly as the chairman and CEO of Saudi Oger, a significant construction company in Saudi Arabia. He also inherited a …
Hong Kong investors to gain access to Aramco and other Saudi mega cap stocks via soon-to-be launched ETF
The fund will track Saudi Arabia’s 50 most valuable companies operating in sectors including financials, energy and materials, sources said The ETF will be managed by CSOP Asset Management, a Hong Kong venture owned by China Southern Asset Management,
Chinese self-driving technology start-up Pony.ai gets US$100 million investment from Saudi Arabia’s smart city developer Neom
Saudi Arabian smart city developer Neom is ploughing US$100 million into Chinese autonomous driving technology start-up Pony.ai to help fund its research and development and to finance its operations reinforcement.