PUBLIC INVESTMENT FUND

Conflicting Reports on PIF Interest in Massive Tesla Stake

Deputy Crown Prince Mohammed bin Salman with the head of Japan's Softbank.
Conflicting reports have surfaced on the interest level of Saudi Arabia's sovereign wealth fund in purchasing a large stake in Tesla, which could enable the electric car company founded by Elon Musk to go private.

Saudi Arabia

News, analysis, and more

Saudi Economy

Saudi Puts Money on Tech as It Prepares for Life After Oil

About 60 percent of oil is used in transportation, which is also where the biggest technological changes are emerging. ...

 

Tesla

The conflicting reports about Saudi Arabia’s interest in Elon Musk’s Tesla buyout

Both reports, although at odds on Saudi interest, imply that the Saudis weren't officially in when Musk tweeted. ...

 

Saudi-Canada

Opinion: Is Saudi Arabia Really So Angry at Canada Over a Tweet?

This situation must be understood in the context of Saudi and Islamic culture. Any Arab leader, particularly a young one who has recently assumed power ...

 

OPEC

Saudi cuts oil output as OPEC points to 2019 surplus

OPEC on Monday forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid ...

 

FDI

Saudi Arabia To Boost FDI With Abdul Latif Jameel And Kosei Aluminum’s New Manufacturing Unit

The newly formed venture will be the first large scale Saudi-based components manufacturing company producing automotive components to export worldwide. ...

 

Virtual Currency

Virtual currencies not approved in Saudi Arabia, government committee warns

The committee, assembled by a royal order, has warned that such transactions could have “negative consequences” on dealers because of the associated risk with such ...

 

Security

Saudi Arabia intercepts ballistic missile launched by Yemen’s Houthi militia towards Jazan

Saudi Arabia said its air defense forces intercepted a ballistic missile launched from Yemen by Houthi militia toward the southern province of Jazan, reported the ...

 

Eid Al-Adha

Zul Hijjah moon sighted in Saudi Arabia, 11-day Eid Al Adha holiday to begin on August 21

The Eid Al Adha holiday will last for 11 days in Saudi this year. ...

 

Economy

Saudi non-oil private sector shows improvements in July

Business conditions in Saudi Arabia’s non-oil economy showed “solid improvement” in July, according to new statistics from Emirates NBD’s seasonally-adjusted Purchasing Managers’ Index (PMI). ...

 

Power

Aramco, Air Products, ACWA to form joint venture in Saudi Arabia

Saudi Aramco, Air Products and ACWA Power signed on Sunday an agreement outlining terms for setting up a gasification/power joint venture in Saudi Arabia with ...

 

Ministry of Communications and Information Technology

KPMG signs MoU with Saudi ICT ministry to establish Insights centre

The center, the firm says, will act as the gateway for the delivery of digital transformation solutions and services in the Kingdom, with a further ...

 

Saudi Pharmacists

Only 28% pharmacists in Saudi Arabia are Saudis: SCFHS

Only 28 percent of 29,000 pharmacists working in the Kingdom are Saudi nationals, according to the Saudi Commission for Health Specialties, which has said more ...

 

Saudi +

Regional and related topics

Turkey

Turkey accuses US of ‘stab in back’ as currency woes persist

Moves to ease Turkey's economic woes have failed to stop market turmoil as the country's row with the US deepens. ...

 

U.S.-GCC

It’s all business in US-GCC trade flows

The US maintains a trade surplus in goods with most of the Gulf states. The trend partly reflects efforts by the Trump administration to sell ...

 

U.S.-Iran

Iran’s top leader says no war or talks with US

Iran's supreme leader said Monday that his country will neither go to war nor enter into negotiations with the United States as the Trump administration ...

 

Syria Civil War

With One Eye on Syria, Israel Reluctantly Seeks Gaza Truce

As public pressure mounts on Israeli leaders to crush rocket barrages from the Gaza Strip, they’re opting to try the diplomatic route while a greater ...

 

Afghanistan

Taliban attack on Afghan city of Ghazni enters third day

A Taliban attack on the Afghan city of Ghazni has entered its third day - with intense fighting and conflicting claims over who controls the ...

 

Anti-ISIS Campaign

The Iraqi Spy Who Infiltrated ISIS

Iraq’s counterterrorism intelligence unit, the Falcon Intelligence Cell, may be the most important organization on the front lines of the war on terrorism that almost ...

 

U.S.-Palestine

Trump Administration Seeks to Withhold Millions in Aid to Palestinians

The amount represents nearly all of the humanitarian aid the United States provides directly to the Palestinians. Washington also contributes to the budget of a ...

 

Israel

Israel’s Arab minority rallies against Jewish nation-state law

Tens of thousands of Arab Israelis and their supporters protested at a rally in central Tel Aviv on Saturday against a law declaring Israel the ...

 

Syria

Children among 39 civilians dead in Syria arms depot blast: monitor

An explosion at a weapons depot that toppled buildings in a rebel-held town of northwest Syria killed at least 39 civilians including a dozen children ...

 

U.S.-Russia

New U.S. sanctions could pitch Russia relations to new low

Existing sanctions already prohibit the export of most military and security-related items, but now the ban will be extended to goods such as gas turbine ...

 

Tunisia

Tunisia Backs Equal Inheritance for Women in Break With Region

Tunisia’s president backed a call for women to be granted equal inheritance rights, breaking with a legal code followed in many Muslim nations that strongly ...

 

Iraq

Iraqi Prime Minister’s Iran Visit Canceled After Sanctions Remarks

Iraqi Prime Minister Haidar al-Abadi’s visit to Iran has been canceled after he said he had no choice but to abide by U.S. sanctions against ...

 

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