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  • Saudi king names crown prince MbS as prime minister

    Saudi Arabia's King Salman bin Abdulaziz named his son and heir Crown Prince Mohammed bin Salman as the kingdom's prime minister and his second son Prince Khalid as defence minister, a royal decree showed on Tuesday. The reshuffle kept another son, Prince Abdulaziz bin Salman, as energy minister, the aged king said in the royal decree, carried by state news agency SPA. Foreign Minister Prince Faisal bin Farhan Al Saud, Finance Minister Mohammed al-Jadaan and Investment Minister Khalid al-Falih remain in their positions, the decree showed.

  • GCC leaders meet King Charles as MbS, MbZ avoid London

    Gulf Arab leaders have visited Britain to offer their condolences on Queen Elizabeth’s passing to King Charles III. Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and Bahrain’s King Hamad bin Isa Al Khalifa traveled to London at the head of high-ranking delegations, as did Oman’s Sultan Haitham bin Tareq Al Said. Meanwhile, Kuwait’s crown prince represented the country’s Emir, having assumed most of his duties last year.

  • Crown Prince MBS’s Saudi Arabia Is Booming and This Time It Isn’t Only About Oil

    But Almajdiah’s chief executive officer, Abdulsalam Almajed says the scramble for the 1-million-riyal ($266,400) homes reflects something else, too: the social and economic shift that’s reshaping the kingdom, accelerated by the crown prince’s overhaul program. “There’s a change in mindset,” said Almajed, who heads family-owned developer, as some Saudis embrace the more open style of living his firm caters to. “Today there’s beautiful creativity in Saudi designs.”

  • MbS outlines massive spending on Neom project to cheers, criticism

    Saudi Arabia could partner with Egypt to find ways to link Egyptian Red Sea resorts with Neom due to their geographic proximity. Such links could boost the Kingdom’s vision for Neom as a regional business and tourist hub.

  • Saudi Crown Prince MBS to Meet France President Macron With Energy on Agenda

    As European countries seek alternatives to Russian energy amid war in Ukraine, the two leaders are likely to discuss Saudi Arabia’s role in oil markets as the world’s largest crude exporter. They’re set to have dinner Thursday night at the Elysee Palace, with energy a key theme on the agenda, an official familiar with the discussions said.

  • Saudi Crown Prince MBS in Europe for First Time Since Khashoggi Killing

    French President Emmanuel Macron had already beaten a path to Saudi Arabia, in December becoming the first western leader to travel there and meet the crown prince since the Khashoggi killing. The two countries have ties in fields such as defense and France has been extensively involved in the development of Saudi Arabia’s historic Al Ula region, which Prince Mohammed wants to turn into a global tourist destination.

  • Putin and MBS discuss oil less than week after Biden visit to Saudi Arabia

    Putin and MBS on Thursday stressed the friendly relations between Russia and Saudi Arabia and discussed the global oil market and expanding trade and economic ties, according to the Kremlin readout of the call. “The importance of further coordination within the framework of OPEC+ was emphasized," the Kremlin said. Both leaders noted that OPEC and its allied producers “are consistently fulfilling their obligations in order to maintain the necessary balance and stability in the global energy market," the readout added.

  • Alinma Bank, Foodics sign strategic partnership to empower SMBs in Saudi

    Under this partnership, the two brands have come together to launch new products to enable small business owners to have full autonomy over their business decisions, allowing them to sell from anywhere at any time and accept payments on the go. This will allow them to maximise their sales and their productivity, while keeping track of their sales figures, inventory and customers.

  • Biden’s fist bump with MBS ‘a win’ for US President: Saudi foreign minister

    "He got out of it a meeting with a key leader in the region. He got out of it, I think, reinvigoration of the strategic partnership between Saudi Arabia and the United States." Bin Farhan said it was "quite normal" that the leaders had exchanged "pleasantries", adding, "I don't know why we're hung up on a fist bump."

  • Making Saudi Inc: How MBS drove the sovereign wealth fund’s oil-fueled takeover

    A few years from now, an American executive flying into Saudi Arabia could disembark from an airline founded by its sovereign wealth fund and order an Uber, a company in which the same fund owns a 4% stake. Whisked across the capital, the executive might check into a boutique hotel in a former palace, also owned by the Public Investment Fund. Attending the PIF’s annual conference, they could sip coffee farmed through a venture led by the fund, then sign a deal with a PIF-owned defense firm. That evening, the executive might catch dinner and a movie at a complex developed by its entertainment arm, flying home without touching a single business not linked to the PIF.