Jeddah
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Posted On NewsSaudi housing changes may stoke demand for smaller properties
A decision to reduce the minimum age at which nationals receive support to buy houses is likely to increase the number of homeowners in Saudi…
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Posted On NewsPIF unit commits millions to back Aseer province growth
Ardara, a wholly owned subsidiary of the Public Investment Fund (PIF), is making multi-million-dollar investment in Aseer province in the south of the kingdom to support urban development…
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Posted On NewsHumain to bankroll AI startups with $10bn fund
Humain, Saudi Arabia’s state-backed artificial intelligence company, plans to launch a venture capital fund to support the country’s goal of becoming an AI superpower. The Humain Ventures…
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Posted On NewsUnited Carton’s shares fall on Tadawul first day
Shares in United Carton Industries Company fell on their debut in Riyadh on Tuesday, making it the only Saudi company this year to end its…
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Posted On NewsUS investors ‘would be first in line for any Aramco asset sale’
Asset sales could allow Saudi Aramco to maintain its capital expenditure plans and keep its government shareholders happy with dividends, analysts have said. The national oil company is reportedly…
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Posted On NewsSaudi Arabia issues new sukuk worth $16bn
Saudi Arabia has repaid SAR60 billion ($16 billion) worth of Islamic bonds, or sukuk, maturing over the next five years and simultaneously issued new sukuk…
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Posted On NewsSkills shortage a concern for Saudi’s big-ticket events
Saudi Arabia’s tourism and hospitality sector is suffering a skills shortage which it urgently needs to address before hosting some of the world’s biggest events,…
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Posted On NewsPIF and Acwa Power to team up for 3GW wind farm
Saudi Arabia’s $940 billion Public Investment Fund (PIF) and its affiliate Acwa Power are working on a wind farm project to develop enough electricity to power three small cities,…
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Posted On NewsGulf welcomes Trump’s hands-off approach to energy policy
US President Donald Trump’s visit to the Gulf region last week helped to turn the page on lukewarm relations with the previous Democratic administration. The…
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Posted On NewsTrump in the Gulf: There’s substance behind the hype
The US President’s tour of the Gulf last week was an outstanding success for him and for the leaders of the three states that he…
Liyana Parker
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