Jeddah
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Italian insurer guarantees $3bn Saudi giga-project loan
Sace, an Italian state-owned insurance company, has guaranteed a multi-currency loan of $3 billion provided by nine international banks to support projects in Neom, Saudi Arabia’s…
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STC seeks board seat after raising Telefónica stake
Saudi Arabia’s STC Group is seeking a board seat in Spain’s Telefónica after increasing its stake in the telco to 9.97 percent. Discussions will be…
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Saudi Arabia in talks to host MMA facility at Qiddiya
Saudi Arabia has been identified as a potential host for a multi-use mixed martial arts facility akin to the Ford Center at The Star in…
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Saudi Arabia has ‘great confidence’ in Lebanon’s reforms
Prince Faisal bin Farhan Al-Saud visited Beirut on Thursday, the first trip to Lebanon by a Saudi foreign minister in 15 years. The visit coincided…
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PIF’s $4bn bond sale is four-times oversubscribed
Saudi Arabia’s Public Investment Fund (PIF) sold $4 billion of bonds on Wednesday in a sale that was four times oversubscribed. It marks the latest big Saudi…
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Elm buys PIF’s technology unit for $907m
Saudi Arabia’s Elm Company has agreed to buy Thiqah Business Service Company, a wholly owned unit of the Public Investment Fund (PIF), for SAR3.4 billion ($906 million).…
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Jeddah Tower to cost $26bn as work restarts
Saudi Arabian royal and billionaire Prince Al-Waleed bin Talal has revealed that the Jeddah Tower, which will be the world’s tallest structure, will cost nearly…
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Trump inauguration: Saudi Arabia comes into focus
Saudi Arabia looms large as Donald Trump moves back into the White House for a second term as US president, and there are many opportunities…
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Television: Who watches the watchers?
On January 1, MBC, a regional television broadcasting powerhouse, began a partnership with Saudi Arabia’s TAM project. TAM stands for TV Audience Measurement, and is a…
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Riyadh Air delays launch after Boeing setbacks
Riyadh Air has been forced to push back its launch date to the third quarter of 2025 after delays to deliveries from Boeing. The new Saudi airline…

Liyana Parker
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