'VISION FUND'

Saudi-backed Softbank Technology Investment Fund Hits $100b Mark Ahead of Schedule

Deputy Crown Prince Mohammed bin Salman with the head of Japan's Softbank.
Oracle founder Larry Ellison will join Apple, Qualcomm and Foxconn in backing SoftBank’s record-setting technology fund, allowing the Japanese telecoms group to hit its $100 billion goal weeks ahead of schedule, the Financial Times reports.

Saudi Arabia

News, analysis, and more

KSA 2016 Trends

Saudi Arabia Year in Review 2016

Weaker energy prices and an ambitious reform programme aimed at increasing private sector participation in the economy were key themes of 2016 as Saudi Arabia...

 

Mohamed Bin Salman

Can Mohamed bin Salman Reshape Saudi Arabia?

Saudis are understandably fearful, but there is also a powerful and crucial consensus inside the Saudi government about the unsustainability of the country’s current economic...

 

Saudi Aramco

Saudi Aramco keeps up expansion pace with raft of contracts

There have been some signs that budgets will be under less pressure in the year ahead but oil industry consultants at Wood Mackenzie estimate that...

 

Saudi Economy

Saudi private sector growth rebounds after hitting record low in Oct

Saudi Arabia's non-oil private sector strengthened again in December after touching record lows in October, according to a new business survey....

 

Global Oil Markets

Oil ends up as Saudi output cuts offset U.S. products build

Oil prices rose on Thursday in an up-and-down session, lifted by news that Saudi Arabia had cut production to meet OPEC's agreement to reduce output...

 

Entrepreneurship

Forget post-oil, Saudi Arabia needs a pre-oil economy

Saudi Arabia ranks highly in entrepreneurship potential and skills of the population. But in entrepreneurship education the country ranks 60th out of 66 countries surveyed....

 

Public Investment Fund (PIF)

Saudi-backed fund hits $100 bln mark ahead of schedule

Oracle founder Larry Ellison will join Apple, Qualcomm and Foxconn in backing SoftBank’s record-setting technology fund, allowing the Japanese telecoms group to hit its $100...

 

Guantanamo

U.S. Transfers Four Guantanamo Detainees To Saudi Arabia, Says More Likely

Four Yemeni detainees from Guantanamo Bay arrived in Saudi Arabia on January 5, news agencies reported, with the White House saying additional transfers are likely...

 

Hwages

Saudi Arabian video on women’s rights goes viral

Created by media production company 8ies, the video has been viewed nearly three million times on YouTube since it was uploaded in late December....

 

War in Yemen

Op-Ed: The United States’ bloody alliance with Saudi Arabia

The Trump team that will inherit this mess arrives with seemingly conflicting impulses....

 

Mobily

Saudi body rules on insider trading in Mobily shares

The action follows an investigation launched by the CMA in November 2014 after Mobily, part-owned by Abu Dhabi-based Etisalat ETEL.AD and formally known as Etihad...

 

King Abdulaziz Center for World Culture

King Abdulaziz Center for World Culture in Saudi Arabia Stages Grand Opening with d3 Projection Mapping

It is located in Dhahran, Saudi Aramco’s hometown. Norwegian architectural firm, Snohetta, designed the building, which features a 200,000-book library, cinema, auditorium, exhibition halls, museum...

 

Makkah Development

Saudi launches US$ 306 mn development projects in Makkah region

Saudi government has launched SR1.15 billion ($306 million) development projects in Makkah region including a scheme for beautification of entrances to the city, a new...

 

Saudi +

Regional and related topics

Global Oil Markets

Oil prices post gains on OPEC hopes, but doubts linger

Oil prices edged higher on Friday as output cuts by OPEC members met with lingering concern that other producers could try to shirk their share...

 

Middle East

For a Mideast roiling with conflict and change, 2017 promises more of same

Here's a brief guide to what took place in 2016 and what to expect in 2017 in Syria, Iraq, Israel, Turkey, and Iran:...

 

U.S. Airstrikes

How Many Airstrikes Did US Forces Execute in 2016?

Estimates from government releases show Iraqi and Syrian targets got hit the hardest....

 

Iran

There’s a battle in Iran over the Islamic Revolutionary Guards Corps business empire

Rouhani’s efforts to rein in the IRGC economically have intensified since Iran and the P5+1 signed and adopted the Joint Comprehensive Plan of Action (JCPOA)...

 

Iran Nuclear Agreement

Poll: Nearly 2/3 of U.S. Public Opposes Withdrawing from Iran Nuclear Deal

The poll was released just a day after 37 leading U.S. scientists—including Nobel laureates, nuclear experts, and former White House science advisers—sent an open letter...

 

U.S. Army

Coming Soon to the U.S. Army: Turbans, Beards, Hijabs, and Dreadlocks

It came about largely in response to litigation and advocacy from Sikh servicemen who wear beards and turbans for religious reasons...

 

Trump Tweets

Donald Trump’s Twitter Account Is A Security Disaster Waiting To Happen

A market-tracking app called Trigger has already set up an alert that responds whenever Trump tweets about publicly traded companies....

 

Belt and Road Initiative

Will the New Silk Road be Paved with Riches?

When China, in 2013, broached the idea of revitalizing the routes of commercial and cultural exchanges explored by the “diligent and courageous” silk traders of...

 

Syria

Syria conflict: Russia ‘starts to reduce forces’

Russia is starting to withdraw forces from Syria and its aircraft carrier group will be the first to leave, the Russian armed forces chief says....

 

Hamza Bin Laden

U.S. imposes terrorism-related sanctions against bin Laden son

The Obama administration imposed sanctions Thursday on a son of Sept. 11 mastermind Osama bin Laden, saying the younger bin Laden poses a risk to...

 

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