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Saudi Arabia Expands Shanghai Investment Hub to Attract Chinese Technology Companies

The Public Investment Fund is using its Shanghai office to attract Chinese technology, drone and advanced manufacturing companies to establish operations and localize production in Saudi Arabia, reflecting Riyadh's expanding economic ties with Asian technology markets.
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PIF Shifts 2026-2030 Strategy Toward Integrated Domestic Economic Ecosystems

Saudi Arabia's Public Investment Fund is moving away from rapid asset creation toward specialized portfolios focused on local supply chains, greater private-sector participation...

Saudi Industrial Production Rebounds 4.3% in June

Saudi Arabia's Industrial Production Index rose 4.3% month on month in June, led by stronger output in food manufacturing, basic metals and refined petroleum products, providing...

Saudi Arabia Accelerates Sovereign Artificial Intelligence Infrastructure

Saudi government agencies and the Saudi Data and Artificial Intelligence Authority are expanding domestic cloud capacity, data centers and Arabic-first multimodal models as Riya...

Saudi Aramco Reports $67 Billion First-Half Adjusted Net Income

Saudi Aramco reported adjusted net income of $67 billion for the first half of 2026 and $30 billion in free cash flow, while its board declared a second-quarter base dividend of...

Houthi Drone Strike Hits Saudi Aramco Refinery in Jizan

Iran-backed Houthi forces launched a drone attack on a Saudi Aramco refinery on the Red Sea coast, triggering a fire that Saudi industrial security teams extinguished without re...

Saudi Arabia, Pakistan and Turkiye Sign Tripartite Defense Pact in Makkah

Saudi Crown Prince Mohammed bin Salman, Turkish President Recep Tayyip Erdogan and Pakistani Prime Minister Shehbaz Sharif signed a collective security agreement under which an ...

Saudi Arabia Opens Direct China Shipping Route Through Jeddah Islamic Port

Saudi port authorities launched a direct container service between Jeddah Islamic Port and major Chinese industrial ports, expanding maritime links with Asia and strengthening t...

Saudi Arabia and Syria Sign Agreements for Seven Hundred and Sixty Megawatts of Solar Projects

Saudi and Syrian energy authorities agreed on plans for large-scale solar power projects with battery storage, linking clean-energy development with efforts to strengthen region...

Saudi Aramco Chief Warns Strait of Hormuz Disruptions Could Threaten Global Energy Security

Aramco Chief Executive Amin Nasser warned that continued disruption around the Strait of Hormuz could put pressure on global fuel supplies and international supply chains, calli...

Saudi Aramco Controls Fire at Jazan Facility Without Casualties or Operational Disruption

Saudi Aramco said emergency teams contained an accidental industrial blaze at its Jazan facility, with no casualties reported and refining operations continuing normally across ...

Saudi Budget Deficit Narrows to Thirty-Four Point Two Nine Billion Riyals as Oil Revenue Rises

Saudi Arabia’s Finance Ministry reported a second-quarter budget deficit of 34.29 billion Saudi riyals, with oil revenues up 22 percent from a year earlier as the government mai...
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