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European Union Clears Saudi Public Investment Fund Acquisition of Electronic Arts

European antitrust regulators have approved the Saudi Public Investment Fund's proposed $55 billion acquisition of Electronic Arts, advancing the Kingdom's strategy to expand its presence in esports, game development, and digital entertainment.
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Saudi Data and Artificial Intelligence Authority Wins Six Global Digital Innovation Awards

The Saudi Data and Artificial Intelligence Authority received six World Summit on the Information Society awards recognizing projects ranging from breast cancer detection algori...

Desert Technologies Expands Solar-Powered Data Centers to Support AI Growth

Saudi company Desert Technologies has announced new partnerships to build solar-powered data centers that will provide sustainable computing infrastructure for the Kingdom's exp...

Saudi Arabia Enters Operational Phase of Vision 2030 Development Strategy

Saudi officials say more than ninety percent of Vision 2030 performance indicators have either been achieved or remain on track as the Kingdom shifts its focus from planning maj...

Saudi Aramco Adjusts Crude Oil Prices Across Key Export Markets

Saudi Aramco has lowered official selling price premiums for Arab Light crude destined for Asia, the United States, and Europe as it responds to changing demand conditions and b...

Saudi Sovereign Wealth Fund Secures Three Point Five Billion Dollar MIGA Financing Framework

The Public Investment Fund has reached a $3.5 billion agreement with the Multilateral Investment Guarantee Agency to provide credit enhancements for Saudi portfolio companies in...

Saudi Public Investment Fund and IFC Launch Six Billion Dollar Strategic Partnership

The Public Investment Fund and the International Finance Corporation have signed a $6 billion memorandum of understanding to support joint investments across infrastructure, ene...

Saudi Arabia and Regional Partners Condemn Israeli Actions at Al-Aqsa Mosque

Saudi Arabia joined Egypt, Jordan, the United Arab Emirates, Qatar, Turkey, Pakistan, and Indonesia in condemning recent Israeli actions at the Al-Aqsa Mosque compound, warning ...

Saudi Public Investment Fund Secures Up to Twenty-Four Point Five Billion Dollars in Global Financing Agreements

Saudi Arabia's sovereign wealth fund signed financing frameworks worth up to $24.5 billion with the U.S. Export-Import Bank and World Bank Group institutions, including funding ...

Saudi-Led Coalition Strikes Houthi Targets After Red Sea Shipping Attacks

The Saudi-led coalition carried out what it described as proportionate airstrikes on Houthi telecommunications and military sites in Yemen's Hodeidah province after attacks on S...

Saudi Arabia and United States Sign Landmark Civilian Nuclear Energy Cooperation Agreement

Washington and Riyadh have formalized an agreement allowing American companies to export advanced nuclear technology for Saudi Arabia's civilian nuclear energy program, supporti...

Saudi Housing and Workforce Programs Support Vision 2030 Economic Goals

Government initiatives in housing finance and professional training aim to increase citizen participation in the economy and improve access to skilled employment.
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