BlackRock is opening a Saudi investment firm with initial $5 billion from PIF
Asset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from…
Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert development on the…
Saudi Arabia’s first alcohol store is a big step, but also aims to tackle a longstanding problem: Booze smuggling
Saudi Arabia’s first alcohol store has opened in the diplomatic quarter of its capital Riyadh, accessible to non-Muslim diplomats. While…
Saudi Arabia opens its first-ever alcohol store — but it’s only accessible to a select group
Saudi Arabia has opened its first alcohol store in the diplomatic quarter of its capital Riyadh, two sources told CNBC.…
‘Incredible alpha opportunities’ in the year ahead despite headwinds, says Carlyle Group CEO Harvey Schwartz
Several of Wall Street’s biggest names convened in Riyadh, Saudi Arabia, for the kingdom’s annual Future Investment Initiative, during which…
Saudi National Bank loses over $1 billion on Credit Suisse investment
Saudi National Bank is nursing major losses in the wake of the forced takeover of Credit Suisse by UBS to…
