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Sotheby’s first Saudi auction: a test of Gulf’s market potential
The troubled international auction house Sotheby’s, now backed by the Abu Dhabi sovereign wealth fund ADQ, is seeking to make history…
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Aramco raises prices as demand from Asia grows
Saudi Aramco, the world’s leading oil exporter, has sharply increased crude prices for March shipments to buyers in Asia. Demand…
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GCC needs common policy on crypto, says Saudi academic
Saudi Arabia and other Gulf Arab states should develop aligned policies and regulations around the potential use of cryptocurrencies as…
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Riyadh Air in talks to buy 50 more widebody aircraft
Saudi Arabian airline Riyadh Air, backed by the Public Investment Fund (PIF), is in talks with US and European planemakers for 50…
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Acwa Power signs green hydrogen supply deal with Germany
Acwa Power, the Saudi power supplier, has signed an agreement with German energy trading company Securing Energy for Europe (Sefe)…
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Neymar’s Saudi Arabia stint is an economic lesson for its football goals
Brazilian superstar Neymar is the most expensive footballer of all time, thanks to his eye-watering $232 million move from Barcelona…
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AlMajal AlArabi considers listing on Saudi Arabia’s Tadawul
Saudi Arabia’s AlMajal AlArabi Group (MAG) is considering an initial public offering on the Tadawul main market and has appointed…
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Lendo raises $690m to fund SME growth in Saudi Arabia
Lendo, a Saudi debt crowdfunding platform, has secured a SAR2.6 billion ($690 million) facility to fund more small and medium-sized…