PIF-Backed Red Sea Tourism Company Names High-Powered Advisory Board

Saudi Arabia’s Public Investment Fund (PIF) has appointed an international advisory board of business, tourism and environmental figures for its Red Sea tourism development.

Saudi Arabia

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Public Investment Fund

In Rare Step, Saudi’s Sovereign Wealth-Fund Raises $11 Billion Loan

Saudi Arabia’s sovereign-wealth fund said Monday it signed an $11 billion syndicated loan with global banks, as the government institution prepares to invest in new ...


Saudi Economy

Saudi economy ‘can hit IMF growth forecast’

Saudi Arabia’s economy can achieve an International Monetary Fund forecast of 1.9 percent gross domestic product growth this year, the central bank governor said on ...


Risk Management

How Saudi Found “Forbidden” Love in the $10 Billion Risk Business

“Marsh is growing in line with the private sector, but recently we’ve seen a new trend — some government departments have been electing for private ...



Russian, Saudi energy ministers pledge long-term cooperation: ministry

Russian Energy Minister Alexander Novak and his Saudi counterpart Khalid al-Falih have pledged to continue working toward long-term cooperation among OPEC and non-OPEC members, the ...


Banking and Finance

Video: Saudi Arabian Banks, Petrochemicals Favored, BofAML’s Yazhari Says

Saudi Arabian Banks, Petrochemicals Favored, BofAML's Yazhari Says ...


National Day

The Royal Saudi Air Force Has Prepared A Series Of Special Color Jets For The Kingdom’s 88th National Day Celebrations

On Sept. 23, Saudi Arabia will celebrate the 88th Saudi National Day. As part of the celebrations, five special colored aircraft will perform flyovers alongside ...



Theaters in Saudi Arabia to screen first Arab movie after 35 years

Movie theaters in Saudi Arabia this week will screen an Egyptian film for the first time following the end of a 35-year ban on cinemas. Entitled ...



Ripple Brings on board the $120 billion National Commercial Bank (NCB) of Saudi Arabia

This development is a direct boost for Ripple, a serious US based software solution provider keen on supplying superior banking alternatives for financial institutions within ...


Public Health

Saudi Arabia reports cholera infection in southern province

Saudi Arabia confirmed one cholera infection and three other suspected cases in an area bordering Yemen, where an epidemic has killed more than 2,000 people, ...



Dates set for Saudi-Bahrain bridge project tender

Al-Sheikh estimated that the cost of the project ranges between $3 billion and $4bn, adding that it will act as a new link between the ...



Construction progress made at Saudi’s Qiddiya entertainment city

By using semi-permanent buildings, Qiddiya has received 15 units in around two months, when traditional buildings could take up to two years to be completed. ...


Maan Al-Sanea

Saudi Arabia to auction detained tycoon’s real estate assets – sources

Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due ...


Saudi +

Regional and related topics


Last stand: Syria’s rebel Idlib prepares for a losing battle

As the decisive stand for their last stronghold looms, this motley crew of tens of thousands of opposition fighters, including some of the world’s most ...



The Taliban’s Fight for Hearts and Minds

Despite the near doubling of U.S. troop levels and a spike in airstrikes over the past year, the Taliban retain significant influence in vast swaths ...


Foreign Aid

The Secret to Effective Foreign Aid? Sometimes, It’s Giving Cash

How can we innovate in the huge, $140 billion foreign aid sector? The same way we do in the private sector: routine evaluations of what’s ...


Iran Sanctions

From Makeover for Ships to Turning off Trackers: Iran’s Tried and Tested Tactics to Blunt US Sanctions

When Iran faced its toughest international sanctions between 2012 and 2015, analysts say it found a number of creative solutions, from repainting and renaming ships ...


Iran Nuclear Deal

Iran says U.S. pullout from nuclear deal threatens regional peace

President Donald Trump announced in May that Washington was pulling out of the deal, which lifted international sanctions against Tehran in exchange for restrictions on ...


China in the Region

Pakistan’s army chief visits Beijing after ‘Silk Road’ tension

General Qamar Javed Bajwa may be hoping to smooth out any Chinese alarm at comments last week by Pakistan’s commerce minister about Chinese Silk Road ...



Gap Grows Between What Investors Want, And What Egypt Offers

The nation canceled three consecutive Treasury bond auctions -- latest of which was Monday -- after investors asked for “unrealistic” yields. Demand for Egyptian debt ...



Egypt court returns ex-president Mubarak’s 2 sons to prison

Acting on a judge’s order, Egyptian police detained the sons of former president Hosni Mubarak on Saturday along with three others in connection with insider ...



US revokes visas of PLO ambassador’s family

The move follows the US announcement last week to close diplomatic offices belonging to the Palestinian Liberation Organisation, which will take effect next month. ...


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