Netflix in crosshairs as Middle East streaming competition mounts Samuel Wendel In Washington, DC, reporting on regional business and tech
Interview Nomo Bank sees increasing appetite for Islamic investments, ETFs Paul Szumilewicz, chief revenue officer at UK-based Nomo Bank, said there is a growing demand from the bank’s clients to invest in exchange-traded funds (ETFs) — a pre-defined group of bonds, stocks or commodities poured into a fund and listed on the stock exchange. With Paul Szumilewicz Nomo Bank Chief Revenue Officer
Analysis Will Saudis’ $1.5B cash infusion help Lucid compete with Tesla? The Saudi-backed electric vehicle maker Lucid has never been profitable, but the kingdom remains strategically committed to it amid the growing EV market in the Gulf. By Adam Lucente , Jack Dutton
Analysis What to expect as Russia's oil and gas woes impact Middle East As Iran's expected retaliation against Israel threatens to upset geopolitical dynamics, Russian gasoline export restrictions are placing pressure on global oil and gas markets from another angle. By Paul J. Saunders In Washington, DC, reporting on Russia in the Middle East
Analysis Saudi Arabia lures in Turkey’s defense giants as its military industry grows By Francesco Schiavi
Saudi Arabia offers $182M package, other incentives for mining investors The kingdom is prioritizing the lucrative sector as part of its ambitious Vision 2030 plan to diversify its economy away from a reliance on oil. Saudi Arabia
Saudi Arabia, Qatar, Egypt among world's top arms importers: SIPRI Concerns about Iran drove Gulf states’ weapons imports, while imports by Morocco and Algeria fell in the past four years, according to the Stockholm International Peace Research Institute. Saudi Arabia
Saudi Aramco turns to China for future oil demand as profits fall 25% China is the biggest customer for Saudi crude but is also crucial in Aramco’s ambitions to convert 4 million bpd of its oil production into petrochemicals by 2035. Saudi Arabia
Saudi Arabia’s PIF poised for more bold investments as Vision 2030 squeezes war chest Samuel Wendel In Washington, DC, reporting on regional business and tech
AI and cloud investments dominate Saudi Arabia's LEAP tech summit Amazon Web Services and DataVolt were among the companies that made significant cloud investments in the kingdom, which is looking to become a global technology hub. Saudi Arabia
What does Donald Trump's latest $200 million deal with Saudi Arabia entail? The former president, who is now the presumptive nominee for the Republican Party, has long had significant business ties to Saudi Arabia via his properties and the LIV Golf league. Gulf
UK-Saudi deal allows kingdom to tap into Britain’s $1T tech market The kingdom spent $5.1 billion on research and development in 2022, a 32.7% from the previous year’s $3.9 billion. Saudi Arabia
What’s behind flurry of Saudi helicopter deals with Airbus, Leonardo? The Saudi sovereign fund’s helicopter firm inked several agreements during a helicopter expo in this week, choosing to partner with Airbus amid concerns about Boeing. Gulf
Saudi PIF-owned company, tourism fund partner on new downtown for Riyadh Saudi Arabia’s Public Investment Fund is working with the kingdom’s Tourism Development Fund to create "the world’s largest downtown" in the capital. Saudi Arabia
Why did Saudi soccer league suspend Cristiano Ronaldo? Ronaldo’s time in Riyadh has been successful, but the Saudi Pro League is facing some challenges after luring many star players to the kingdom in 2023. Gulf
Ukraine’s Zelenskyy in Saudi Arabia to talk prisoners, Russia war Saudi Arabia has taken an increasingly active role in mediating the Ukraine-Russia war while maintaining friendly relations with both states. Gulf
Qatar places major bet on gas as Saudi Aramco scores new find in Jafurah Asian liquefied natural gas prices have fallen to a nearly three-year low as warmer winter temperatures have dampened demand. Qatar