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Global slowdown offers way out for Gulf petrochemicals
Top executives at Saudi Arabia’s petrochemical producers probably have little in common with Russian Marxist Georgi Plekhanov. Yet the revolutionary’s mantra…
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Trump’s Gulf visit was grand – but the real test starts now
Donald Trump’s trip to the Gulf has been notable for its economic fireworks and political theatre. However, its long term…
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Saudi Arabia trims bets on US tech stocks
Saudi Arabia’s Public Investment Fund (PIF) rejigged its US equities portfolio during a tumultuous first quarter for Stateside stocks, expanding…
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Riyadh moves to rewire its global role with AI
As President Donald Trump departs Saudi Arabia and the Gulf with a slate of artificial intelligence and technology investment deals,…
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Qatar takes centre stage on Trump’s Middle East mission
Major deal announcements kept rolling in on Wednesday as Donald Trump travelled from Riyadh to Doha on the second day of his…
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Arms, investment and AI top list of deals on busy day for Trump
Tens of billions of dollars in new partnerships between the US and Saudi Arabia were announced on Tuesday in Riyadh…
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Prince Alwaleed’s Flynas seeks $1.1bn in Saudi IPO
Saudi budget airline Flynas is looking to raise as much as SAR4.1 billion ($1.1 billion) in an initial public offering (IPO) that…
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Profits jump for PIF’s Elm digital services company
Elm Company, a digital services company controlled by Saudi Arabia’s Public Investment Fund, said first-quarter profit surged more than 40 percent…