KAFD

Saudi Arabia’s PIF Officially Takes Over Management of Riyadh’s King Abdullah Financial District

king abdullah financial district KAFD KAFC finance bank banking
Saudi Arabia's sovereign wealth fund finalized the take over of the management of Riyadh's US$10 billion unfinished King Abdullah Financial District (KAFD), a large financial hub on the outskirts of the city, as the government attempts to revive the project.

Saudi Arabia

News, analysis, and more

Saudi-Syria

Saudi Arabia Will Help Syrian Opposition Come Out Unified From Riyadh Meeting, Al-Jubeir Says

Saudi Foreign Minister Adel al-Jubeir said on Wednesday his country will lend support to the Syrian opposition to come out unified from talks in the ...

 

Oil Policy

Saudi Arabia steps up oil diplomacy ahead of OPEC meeting

Saudi Energy Minister Khalid Al-Falih and his staff are busy these days. The minister and some of his aides are in continuous talks with global ...

 

Mohammed bin Salman

Perspective: Saudi Arabia’s Populist King in Waiting

MBS wants to preempt the downfall of the earlier states due to familial infighting, internal malaise, external frailty and failure to modernize. ...

 

U.S.-Saudi Relations

Commentary: Has Kushner given Riyadh carte blanche?

The State and Defense departments have urged Riyadh and Abu Dhabi to ease their pressure campaigns on Qatar and Lebanon and improve aid access in ...

 

Corruption Crackdown

Saudi Graft Suspects Are Starting to Make Payments for Freedom

Saudi suspects being held as part of the kingdom’s crackdown on alleged corruption are starting to make payments to settle cases in exchange for freedom, ...

 

Saudi-Iran Rivalry

Could Saudi Arabia and Iran really go to war?

Against a backdrop of "historic intense rivalry" between the two countries, it "doesn't take much for tensions to flare up." ...

 

Saudi Travel Warning

U.S. warns citizens against risks of travel to Saudi Arabia

The U.S. State Department on Tuesday warned citizens to “consider the risks” when traveling to Saudi Arabia due to militant threats and the threat of ...

 

Driving Ban Lifted

Will women be exempt from some traffic penalties in Saudi Arabia?

Informed sources have said that parties involved in developing executive regulations on regulatory requirements for women driving in Saudi Arabia are looking into a suggestion ...

 

Agriculture

Exclusive: Selling Saudi Arabia’s grain mills proves a grind for investors

An unwieldy sale process and onerous ownership rules are discouraging some potential investors from bidding for Saudi Arabia’s state-owned grain mills, sources close to the ...

 

Archeology

Ancient wall carvings discovered in Saudi Arabia might be the earliest evidence of very good boys

Researchers from the max Planck University and the Saudi Commission for Tourism & National Heritage have been studying the carvings in an attempt to accurately ...

 

Jeddah Floods

Flooding in western Saudi Arabia forces schools to shut

Saudi authorities have closed schools and universities after flooding in the kingdom’s second-largest city, Jiddah, and the country’s Red Sea coastal regions. ...

 

Travel and Tourism

8 desert activities you have to try in Saudi Arabia

Since Saudi Arabia is mostly known for its vast deserts, locals had to come up with a bunch of action-packed activities to have fun. ...

 

Saudi +

Regional and related topics

Saad Hariri

Saad Hariri: Lebanon PM ‘suspends’ resignation

Lebanese Prime Minister Saad Hariri has "suspended" his resignation, which sparked a crisis when he announced it while in Saudi Arabia two weeks ago. Mr Hariri ...

 

Saudi Yemen Blockade

U.S. Agency Foresees Severe Famine in Yemen Under Saudi Blockade

The food-crisis forecasting agency created by the United States has added its voice to warnings of imminent and widespread famine in Yemen because of the ...

 

Middle East Peace

Abbas ready for ‘historic’ peace deal under Trump

Palestinian Authority (PA) President Mahmoud Abbas said yesterday that he is ready for an “historic” peace deal with Israel under US President Donald Trump’s patronage, ...

 

Terrorism

The State of Terrorism in Wealthy Countries

The report, which is produced by the Institute for Economics & Peace, shows that a significant portion of these deaths resulted from a small number ...

 

Trump-Putin

Trump, Putin talk about North Korea, Syria, other issues

President Trump spoke with his Russian counterpart Vladimir Putin by phone for more than an hour Tuesday about a range of national security issues, including ways ...

 

Mohammed Al-Amoudi

The Sheikh of Ethiopia: How Saudi purge could disrupt an African country

Amoudi – or "the Sheikh", as he is known - has invested in nearly every sector of the country's economy, including hotels, farming and mining ...

 

ME Shopping Habits

In-store Shopping Vs Online Shopping In Middle East: Infographic

Check out our infographic “In-store Shopping Vs Online Shopping In Middle East” to understand why Middle East consumers prefer in-store shopping or online shopping with ...

 

Video Analytics

This Egyptian Entrepreneur Is Spreading Video Analytics In The Middle East

Brands around the world are increasingly using online video ads and branded content to reach audiences—and they want to understand how their content is performing. ...

 

Social Media

Israeli man’s photos in holy Muslim site cause social media rage

Images of an Israeli citizen inside a mosque in Medina, Saudi Arabia, have caused anger among Arab users on social media. Russian-born Ben Tzion, 31, has ...

 

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