Saudi Arabia’s Swings for Fences With ‘Bold, Risky’ Solar Bet

Crown Prince Mohammed bin Salman and CEO of Softbank.
Saudi Arabia and SoftBank signed a MOU to build a $200 billion solar power project this week in New York, dwarfing all other projects and placing the Kingdom and its 3,000 hours of sunshine a year into a global leadership position in the renewable energy field.

Saudi Arabia

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Emerging Market Index

$5-7b inflows expected from Saudi Arabia’s inclusion in EM index

The move, announced on Thursday, is expected to result in an inflow of up to $7 billion (Dh25.69 billion), according to fund managers, as the ...


Emerging Market Index

Saudi Arabia Reclassification: FTSE

At nearly US$684 billion in nominal GDP, it ranks as the largest economy in the Gulf region and the fourth- largest economy in the emerging-market ...



Saudi crown prince warns of risk of future war with Iran 

“We have to succeed so as to avoid military conflict,” said Prince Mohammed. “If we don’t succeed in what we are trying to do, we ...


MBS US Visit

Starbucks stop showcases Prince Mohammed’s charm offensive

Dressed in an open-neck shirt and casual suit, Mohammed Bin Salman looked like any other highflying Manhattan businessman this week as he grabbed a coffee in ...


Vision 2030

Wilbur Ross says Vision 2030 could be bigger for Saudis than oil

On Tuesday, Ross said Saudi Arabia's ambitious aim to diversify its economy could have an even greater impact than the kingdom's initial development of oil ...


Solar Power

Two hundred gigawatts by 2030: Why Saudi Arabia is trying to pull off an utterly massive solar energy project

The deal would create a solar initiative in the oil producing nation that would generate four times the solar capacity in all of the U.S. ...


Kingdom Holdinig

Saudi billionaire Alwaleed gives up $320m weeks after release from jail

Saudi Arabia's reputed richest man, Alwaleed bin Talal, has given up his share of proposed annual cash distributions as chairman of Kingdom Holding, the investment company ...



Saudi Arabia Agrees to Help Reboot Peace Talks With Taliban

Saudi Arabia has agreed to play a leading role in starting a new peace process in Afghanistan, part of the latest U.S.-led strategy to find ...


Foreign Labor Fees

Saudi Arabia to repay contractors for hike in expat fees

Saudi Arabia’s finance ministry has been ordered to repay contractors for increased expatriate worker fees in government projects approved before December 2016, as the labour-intensive construction industry ...


U.S.-Saudi Relations

Dems to FBI: Probe Jared Kushner’s ties to Saudi crown prince

Six House Democrats are calling on FBI Director Christopher Wray to investigate whether President Donald Trump's son-in-law and senior White House aide Jared Kushner leaked ...


World Cup

Saudi Arabia striker Mohammad Al-Sahlawi to join Manchester United training

"It was agreed with Manchester United for Mohammed Al-Sahlawi to join for a training programme for three weeks, may God benefit him," Turki Al-Sheikh, chairman ...


Saudi Delegation in New York

Rich Saudis Take Over Another Hotel—But No Prisoners This Time

This week it’s the Plaza Hotel in midtown Manhattan that’s closed to the public and where a similar number of top Saudis are lodged under ...


Saudi Aramco

Saudi Aramco finalizes refinery deal with Malaysia’s Petronas

Saudi oil giant Aramco agreed in February last year to buy a $7 billion stake in Petronas’s Petrochemical Integrated Development (RAPID) project, but the issue ...


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Regional and related topics

U.S. Middle East Policy

Trump says US will withdraw from Syria ‘very soon’

One US defense official directly familiar with the ISIS campaign said it is unclear what the President meant by the comments. The military's current assessment ...


Iran in the Region

Opinion: How Iran Used the Hezbollah Model to Dominate Iraq and Syria

General Soleimani has run the Quds Force since 1998 and, along with his deputies, has invested decades of time and energy into developing relations with ...



Is Peace on the Horizon for Afghanistan?

An offer of talks by the Ghani government was met with silence from the Taliban. That, in itself, could be a good sign. ...


Arab Spring

Perspective: Was the Arab Spring a black-swan event?

The Arab Spring surely satisfies the three criteria for a black swan event: surprising, historically consequential, and rationalized by hindsight. ...



Uber’s Middle East rival Careem in talks on new funds – sources

Careem, Uber’s main ride-hailing app rival in the Middle East, is in early talks to raise as much as $500 million in new funds ...



Gaza-Israel border: Clashes ‘leave five Palestinians dead and hundreds injured’

Palestinians in Gaza have marched in their thousands to the Israel border at the start of a six-week-long protest. The Palestinian health ministry says at least ...


Climate Charges

Judge dismisses Exxon’s attempt to stop state climate change investigations

A federal judge in Manhattan on Thursday dismissed Exxon's lawsuit claiming officials in New York and Massachusetts were pursuing bad faith investigations in violation of ...


Trump Administration

Wooing Saudi Business, Tabloid Mogul Had a Powerful Friend: Trump

It was an opportune moment for Mr. Pecker to showcase his White House connections. He was considering expanding his media and events businesses into Saudi ...


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