Saudi’s PIF Continues Investment Drive in Kingdom’s Tourism and Hospitality Development

Saudi Arabia's Public Investment Fund (PIF) is continuing to expand its investment portfolio in Saudi Arabia's travel, tourism, and leisure infrastructure across different regions of the country as part of the Kingdom's Vision 2030 economic and social reform plans.

Saudi Arabia

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Saudi market regulator loosens asset management rules

The revisions will reduce requirements for obtaining a “management activity” license, aiming to boost the number of asset managers in the kingdom and increase private ...



Saudi Arabia Still Poised for EM Inclusion 2018, Franklin Says

An estimated total assets under management of $115 billion, largely passive, are benchmarked against FTSE EM indices, and Kuwait’s share of the index is likely ...


Driving Ban Lifted

Allowing women to drive is expected to boost Saudi Arabia’s economy

That it was a victory for women’s rights in Saudi Arabia is a given. But it was also another step in the plan, named “Vision ...



Four in 10 Startups in Saudi Arabia Are Owned by Women

“This proves that the role of women in economic development has improved,” said the Governor of the General Authority for Small and Medium Enterprises (SMEs) ...


Vision 2030

Top regulator says Saudi reforms carry execution risk but huge opportunities

One of Saudi Arabia's top financial regulators has admitted there are "execution risks" surrounding the huge reforms the country is embarking on, but spoke of ...


Nuclear Power

Saudi Arabia seeks international partners to develop nuclear and atomic energy sector

The officials are said to have discussed the feasibility study of the Saudi project’s initial technical aspects, as well as front end engineering designs (FEED) ...



Recession or Not, This Data May Disappoint Saudi Policy Makers

Saudi officials steering efforts to prepare the kingdom for the post-oil era will likely pay little attention to the main reason that caused the economy ...



Saudi Arabia’s King Salman to visit Russia on Thursday

King Salman of Saudi Arabia will visit Russia on Thursday, senior Kremlin aide Yury Ushakov was quoted by the TASS news agency as saying. ...



Saudi Arabia, Russia to set up $1 billion energy fund: Russian Minister Novak

Saudi Arabia and Russia plan to set up a $1 billion fund to invest in energy projects, Russian Energy Minister Alexander Novak said in a ...


Tourism and Hospitality

Richard Branson to invest in Saudi Red Sea project, to generate 35,000 jobs

Virgin airlines founder Richard Branson will invest in the Saudi Red Sea project that aims to turn 50 Saudi Arabian islands into luxury tourism destinations, ...


Public Investment Fund

Saudi sovereign fund to develop holy sites in Mecca, Medina

Saudi Arabia’s Public Investment Fund (PIF) is forming two real estate development firms to boost the capacity of Mecca and Medina to receive pilgrims, in ...


Taif Development

Details of Saudi’s $3bn New Taif project revealed

New Taif comprises an airport, Souq Okaz city, a technology hub, a residential suburb (pictured), an industrial city, and an educational city. ...


Savola Group

Saudi’s Savola Group in talks to buy confectionery maker for $300 million: sources

Savola Group,2050.SE, Saudi Arabia’s largest food products company, is in talks to buy sweets and confectionery maker Sanabel Al-Salam in a deal worth $300 million, ...


Driving Ban Lifted

Saudi university to open driving school for women

"Princess Nourah University is preparing to set up a driving school in cooperation with the relevant authorities," the women's university said on Saturday. ...


Mecca Crane Crash

Mecca crane crash case: All 13 defendants acquitted

Some 750 days after the crane crash incident in Makkah Haram, the Penal Court in Makkah on Sunday acquitted all 13 people who were charged ...


Saudi +

Regional and related topics

Gulf Arab States

The Role of the Gulf Arab States in a Transforming Middle East

The Middle East finds itself at a moment of profound change. The transformations underway are significant enough to invite comparisons to the era in which ...


Kurdish Referendum

Perspective: The Turn of the Kurds

There is not and should not be any automatic right of self-determination, not least because a world of frequent secession would be in even greater ...


War in Yemen

In a compromise, United Nations rights experts will examine abuses in Yemen’s war

In a surprise compromise, the top U.N. human rights body decided Friday to establish an international team of experts to examine abuses in the Yemen ...


MENA Instability

Instability in the MENA Region, Afghanistan, Pakistan, and Key Conflict states: A Comparative Score Card

"Nation building" has become a remarkably unpopular concept in U.S. policy circles since U.S. interventions in Afghanistan and Iraq. It is important to note, however, ...


Social Media as a Weapon

Social Media is ‘First Tool’ of 21st-Century Warfare, US Lawmaker Says

According to Warner, there are three things the committee knows to be true: Russia hacked both political parties and used that information in President Donald ...



Al-Qaeda returns with another bin Laden

As the Americans and more recently the Russians worked to crush the Islamic State (ISIS) in Syria and Iraq, they also have had to face ...


Iranian Military

What’s wrong with the Iranian army? Deadly shootings put spotlight on forced military service

The shootings have raised uncomfortable questions for Iran’s army, one of the largest in the Middle East with an estimated 350,000 active-duty troops, nearly two-thirds ...


War in Yemen

Yemeni President’s Call for Military Solution Fails to Resonate

For much of the past two and a half years diplomats have argued that Yemen’s civil war will only be ended through political compromise. Yemen’s ...


Post-ISIS Iraq

The year after ISIS: The struggles of a Sunni village in northern Iraq

The legacy of a long conflict was etched into the village’s geography. Houses were destroyed — by the Islamic State or the Iraqi forces sent ...


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