Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritise completing elements essential to hosting ...

Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements essential to hosting ...

The price tag for Saudi Arabia’s ambitious plans runs into the trillions of dollars if fully built, far more than the country’s $1 trillion wealth fund h. as at its disposal.

Neom's CEO exits amid misconduct allegations, raising concerns over project's future amidst leadership changes and financial ...

Low oil prices and production have hit Saudi coffers; long-time chief executive Nadhmi Al Nasr leaves due to his inability to ...

A new tourist development has been announced for the Gulf of Aqaba, but it looks suspiciously like something out of the Lord ...

Two other sources familiar with the matter told Reuters that the departure of Nadhmi al-Nasr, the long-time chief executive, ...

Red Sea Souk Unveils 2024 Project Selection With Upcoming Features From Fatima Al-Banawi, Asmae El Moudir & C.J Obasi ...

Saudi Arabia's sovereign wealth fund PIF will sell 100 million shares in the country's telecom group STC at a price of 38.6 riyals ($10.27) apiece, state television reported on Thursday.

Saudi Arabia's sovereign wealth fund PIF has raised 3.86 billion riyals ($1.03 billion) from selling a 2% stake in ...

Saudi PIF, which sold 6 per cent of stc for $3.2bn in 2021, will keep a 62 per cent stake in the telecoms group after the ...