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 …
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 …
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.
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.
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.
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 …
Pakistan seeks billions in investment as it promotes its minerals sector
Pakistan pitched investments in its mines and minerals sector to delegations from the United States, Saudi Arabia, China and elsewhere as it opened a summit Tuesday that authorities hope will bring …
How the oil price plunge complicates Saudi Arabia’s economic agenda
Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund an ambitious agenda …
Pakistan eyes multibillion dollars of investment as it hosts summit on country’s minerals sector
A long-awaited international summit on mines and minerals—attended by delegations from the United States, Saudi Arabia, and China— has kicked off in Islamabad, as Islamabad eyes multibillion dollars …
Oil prices are sliding. That’s a problem for Saudi Arabia and its Neom megaprojects.
Saudi Arabia is still dependent on oil revenues, so weak crude prices may make it harder to fund its ambitious ventures such as The Line in Neom.