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Saudi Arabia’s Neom The Line Project Reportedly Faces Major Scale-Back Over Rising Costs

The flagship Neom linear city project has reportedly reduced its planned population target to around one hundred thousand residents and paused parts of construction as costs rise and financial reviews continue.
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Saudi Stock Exchange Records Targeted Advanced Petrochemical Share Transaction

Institutional investors completed a negotiated trade of Advanced Petrochemical Company shares worth approximately three point four million Saudi riyals, highlighting continued a...

Saudi Arabia’s Central Bank and Stock Market See Continued Institutional Activity in Petrochemical Sector

A private block trade involving Advanced Petrochemical Company shares was completed on the Saudi Stock Exchange, with institutional investors exchanging nearly one hundred and f...

Saudi Healthcare Sector Expected to Reach Three Hundred Billion Riyals in Economic Contribution by 2030

Saudi Arabia’s healthcare industry is projected to contribute three hundred and eighteen billion Saudi riyals to the economy by the end of the decade as the government expands p...

United Kingdom Launches Review of Saudi Arabia’s Artificial Intelligence Sector to Expand Cooperation

The British Embassy in Riyadh and the United Kingdom’s Foreign, Commonwealth and Development Office are funding an assessment of Saudi Arabia’s artificial intelligence ecosystem...

Saudi Arabia Promotes Vision 2030 Implementation Model at United Nations Development Forum

Saudi officials used a United Nations forum in New York to highlight Vision 2030 as a practical approach to sustainable development, emphasizing execution, institutional coordin...

Saudi Aramco Takes Stake in Public Investment Fund’s Artificial Intelligence Company Humain

Saudi Aramco has agreed to acquire a significant minority stake in Humain, a Public Investment Fund-backed artificial intelligence company focused on data centres, cloud infrast...

Public Investment Fund Announces Ten Billion Euro European Investment Pipeline Through 2030

Saudi Arabia’s Public Investment Fund has outlined one hundred and forty European investment opportunities worth ten point four billion euros by 2030, building on billions of eu...

Crown Prince Mohammed bin Salman and President Donald Trump Discuss Regional Security and Shipping Routes

Saudi Crown Prince Mohammed bin Salman and United States President Donald Trump held a high-level phone call focused on bilateral cooperation, regional stability, and protecting...

Saudi Arabia Condemns Iranian Military Actions and Warns Over Gulf Security Risks

The Saudi Ministry of Foreign Affairs has strongly criticized continued Iranian military activity targeting Gulf states, Jordan, and commercial shipping, calling for protection ...

Saudi Aramco Explores Red Sea Export Route to Reduce Strait of Hormuz Risks

Saudi Aramco is evaluating increased use of its Yanbu port and the East-West pipeline system to redirect crude shipments away from the Strait of Hormuz, as regional security con...

Saudi Aramco Cuts Asian Crude Prices by Record Amount to Defend Market Share

Saudi Aramco has reduced the official selling price of its Arab Light crude for Asian buyers by eleven dollars per barrel, the largest cut recorded, as the company responds to c...
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