Saudi Arabia’s main mission is to diversify its heavily oil-dependent economy. But that “Vision 2030” project is undergoing a ...

PIF-backed developer Roshn is engaging with international banks ... Roshn was originally founded to build 400,000 homes as ...

Meanwhile, the PIF is responsible for driving many of Saudi Arabia’s economic diversification projects under Prime Minister ...

Saudi oil giant Aramco on Tuesday reported a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining ...

Fabien Toscano, CEO of AlUla Development Company, reveals his vision to transform AlUla into a world-class destination, ...

ALBAWABA - MBC Group, the most prominent broadcaster in the Middle East, has announced that Istedamah Holding Company, a ...

Saudi Arabia is intensifying efforts to diversify its economy away from oil dependence, with massive investments in infrastructure, including the NEOM mega-city. The Future Investment Initiative ...

DUBAI: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has signed five Memorandums of Understanding ...

This will also include facilitating PIF’s effort to explore opportunities in Japan in support of Saudi Vision 2030, it stated. Fumitaka Nakahama, Chief Executive and Senior Managing Corporate ...

These MoUs were signed with Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation ...

Saudi Aramco reported a 15.4% decline in Q3 earnings due to lower oil prices, but maintained its $31.1 billion dividend payout to support Saudi Arabia's Vision 2030.

Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, ...