Riyadh

Top Wall Street execs are getting skeptical on the Fed’s easing path

A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange…

Sovereign debt is biggest risk to global growth in 2025: Saudi minister

RIYADH — National debt is a major threat to markets in the near future, Saudi Arabia’s finance minister said, expressing…

Foreign investors flock to flagship Saudi economic conference

A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia’s capital Riyadh to attend the Future Investment Initiative…

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…