At the recent Future Investment Initiative in Riyadh, often dubbed ‘Davos in the Desert’, Saudi Arabia’s traditional reliance on oil was overshadowed by a new ambition: to become a global
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Rachel Reeves, the Chancellor, is set to lead a high-profile delegation of senior British business figures to Saudi Arabia, seeking to bolster economic ties with a region that remains under
Saudi Arabia has intensified its ambitions in the technology sector by investing more than $1bn (£744m) into Magic Leap, a Florida-based firm developing mixed reality headsets designed to compete with
At a dazzling ceremony this past summer, Saudi esports giants Team Falcons were handed the Esports World Cup trophy by Crown Prince Mohammed bin Salman in Riyadh. The event, which
The global oil market is heading towards a historic oversupply in 2026, driven by aggressive production increases from the Saudi-led Opec+ bloc, as worldwide demand falters. The International Energy Agency
US technology firms have announced significant deals in the Middle East as former president Donald Trump proclaimed $600 billion in commitments from Saudi Arabia to American artificial intelligence companies during
Tesla is set to launch its operations in Saudi Arabia next month, marking a notable shift in the relationship between the electric vehicle manufacturer and the kingdom. This development represents
A significant stake in Newcastle International Airport is poised to enter the market, potentially commanding a valuation of up to £1 billion, with Saudi investors emerging as leading contenders in
Labour Prime Minister Sir Keir Starmer has embarked on a crucial diplomatic mission to Saudi Arabia and the United Arab Emirates, pursuing a potentially transformative trade deal with the Gulf
Labour leader Keir Starmer is set to meet Saudi Arabia’s Crown Prince Mohammed bin Salman during a diplomatic mission aimed at securing crucial infrastructure investments for Britain. The high-stakes visit,
The ambitious $1.5 trillion Neom project in Saudi Arabia has encountered a significant setback with the dismissal of its chief executive, Nadhmi al-Nasr, following a disappointing launch of the Sindalah
For the better part of the last decade, Saudi Arabia has attracted dealmakers, bankers, and asset managers seeking capital, largely due to its ambitious sovereign wealth fund embarking on a
