Saudi Arabia’s PIF has ‘$300b in Assets’ and is Still Growing, Report Says

Deputy Crown Prince Mohammed bin Salman with the head of Japan's Softbank.

Saudi Arabia

News, analysis, and more

Oil Markets

Oil holds near $54 on Saudi-Russia supply pledge, rig data

Oil steadied near $54 a barrel after Saudi Arabia said it could agree on plans for production with Russia at the G-20 summit this month. ...

 

OPEC+

Russia Warns of Weakening Oil Even as It Holds Out on OPEC+ Deal

Novak conceded that $40 a barrel or less wouldn’t be out of the question if Russia, Saudi Arabia and their OPEC+ partners fail to reach ...

 

U.S. Congress

Bipartisan Senate duo to force vote on US-Saudi security relationship, arms sales

Democratic Sen. Chris Murphy of Connecticut and Republican Sen. Todd Young of Indiana will introduce a privileged resolution on Monday to eventually prompt a vote ...

 

Economy

Stronger output propels Saudi Arabia’s non-oil business activity in May

Saudi Arabia’s non-oil private sector businesses registered strong growth in May on the back of a sustained surge in output as prices charged for goods ...

 

PIF

Saudi investment fund PIF ‘has $300bn in assets and counting’

We now estimate PIF’s assets at about $300 billion, of which one-fourth are invested abroad, including in … Blackstone’s infrastructure fund, Egypt’s investment fund, Russia’s ...

 

Saudi Investment

Saudi investments in US government bonds peak to $170bn in March

The PIF, along with the General Organisation for Social Insurance (Gosi), the kingdom’s pension fund, are focused on investments in US bonds. Although Saudi Arabia’s ...

 

Saudi Stock Market

Goldman was top broker in Saudi market in May as foreign interest surged

Goldman, which was not even among the top ten brokers in Saudi Arabia in April, handled 18.6% of trades by value and 12.3% by volume ...

 

Saudi Workforce

Perspective: How Can Young Saudi Men Be Brought Into the Private Sector?

The research has revealed that in spite of the hype that has surrounded Vision 2030 and the energy it has appeared to release among the ...

 

Digital Transformation

Vision 2030 enables Saudi Arabia’s public sector to drive digital transformation

Digital transformation (DX) will remain a prime objective for the public sector with the entrants of new technologies steering away legacy systems providing value potentials, ...

 

Carbon Recycling

Japan aims to team up with Saudi Arabia on carbon recycling

Japan on Friday unveiled a long-term roadmap for the development of carbon recycling technology, with a top official saying it intends to team up with ...

 

Saudi-Russia

Russia’s Putin to visit Saudi Arabia in October, says Falih

Falih, who was in Moscow for talks with his Russian counterpart, said Saudi companies were considering taking part in a methanol plant project in Russia’s ...

 

WWE in KSA

WWE Super ShowDown in Jeddah – Talking points from latest Saudi Arabia event

There is plenty of passion, and plenty of noise. The pops for Triple H and Randy Orton were excellent; Seth Rollins got plenty of support, ...

 

Art Auction

Saudi government sells off art to fund Jeddah museum

In a rare move for the Saudi Arabian government, the Ministry of Culture will collaborate for the first time with art auctioneer Christie’s to sell dozens ...

 

Conservation

Saudi Arabia’s al-Ula to invest $20 million in world leopard conservation

Saudi Arabia’s Royal Commission for al-Ula (RCU) commits to investing $20 million over 10 years in order to aid world conservation of the leopard and ...

 

Saudi +

Regional and related topics

U.S.-Turkey

Pentagon Gives Turkey a Deadline to Cancel S-400 Deal or Lose F-35

Washington has given Ankara a deadline: by July 31, Turkey must cancel its order of Russian S-400 missile interceptors — or lose its right to ...

 

Iran Sanctions

US imposes sanctions on Iran’s largest petrochemical group

The move aims to choke off financing to the country’s largest and most profitable petrochemical group and extends to its 39 subsidiaries and “foreign-based sales ...

 

Iran

Iran gears up for high-stakes diplomacy amid tension with US

As its nuclear deal with world powers unravels amid heightened tensions with the U.S., Iran will see a week of high-stakes diplomacy capped by the ...

 

Duqm

Oman Has a Strategic Port to Avoid the Hormuz Strait

Duqm, once a modest fishing harbour located on the Arabian Sea is about to become an economic megalopolis—a mammoth project, initiated by the Sultanate of ...

 

ISIS

In Syria and Iraq, ISIS claims credit for crop fires burning thousands of acres

Starting in early May, tens of thousands of acres of farmland have been burned across an expanse of territory stretching from the Iranian border in ...

 

Sudan

Sudan’s ‘Civil Disobedience Campaign’ Brings Capital To a Standstill

A civil disobedience campaign in Sudan has brought the country's capital to a standstill, closing down restaurants, banks and other businesses and turning streets desolate ...

 

Trade

Trump ‘weaponization of tariffs’ going to hurt US: Chamber of Commerce

President Donald Trump is right to pressure China to change its protectionist trade and business practices, but he should not be using tariffs do it, ...

 

United Technologies/Raytheon

Raytheon and United Technologies’ merger would shake up the industry

The deal would create a giant, one-stop shop with products that range from Tomahawk missiles and radar systems to jet engines that power passenger planes ...

 

Palestine

Hebron farmers struggle for existence in face of climate change

One of five climate and geographical belts in historic Palestine, the Eastern Slope is also the region in the West Bank most affected by climate change. ...

 

Turkey

German Soccer Star Is the Groom. Turkey’s President Is the Best Man.

Mesut Ozil, the German soccer star who quit the national team last year after a photograph of him posing with the Turkish president unleashed a ...

 

Dubai

The biodiversity of Dubai’s shores has brought fly fishing to the Middle East for the first time

Artificial reefs can lead to a quick increase in the local fish population. They draw plankton which smaller fish can prey on which then attracts ...

 

Qatar

Trump to host emir of Qatar in July

The White House announced Friday that Sheikh Tamim bin Hamad al-Thani will visit the White House on July 9. The two leaders will discuss regional developments, ...

 

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