INSEAD Day 4 - 728x90

Mohammed Bin Salman

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.
  • Under imposing chandeliers, Trump welcomed a promise by Crown Prince Mohammed bin Salman, who effectively rules the kingdom due to King Salman's frail health, for $600 billion in investment and quipped that it should be $1 trillion.
  • Trump to visit Saudi, Qatar, UAE in May amid tensions over Iran, trade, and security

    Saudi Arabia's top diplomat held talks in Washington earlier this month to lay the groundwork for a visit by Trump in a reprisal of 2017, when the oil-rich, conservative kingdom was the first destination of his first term in office.
  • How do GCC-Arab leaders look at the region’s future?

    The bigger your vision, the bigger your achievement will be. Will you stumble on the way? Perhaps, but we cannot let fear keep us small, says Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai.
  • Big money as Saudi Arabia makes foray into cricket with IPL auction

    Crown Prince Mohammed bin Salman has backed extravagant sports investments -- set to culminate in Saudi Arabia hosting the football World Cup in 2034 -- to diversify its oil-rich economy.
  • Gaza ceasefire, post-conflict planning on Blinken’s Saudi visit agenda

    Blinken is due to travel on to Egypt, which neighbors Gaza and whose envoys have been involved in previous mediation efforts. In Jeddah and Cairo, Blinken will discuss efforts to reach an "immediate ceasefire agreement that secures the release of all remaining hostages", State Department spokesperson Matthew Miller said.
  • Saudi Crown Prince announces new company to boost Kingdom’s global tech status

    Riyadh, Saudi Arabia — Saudi Crown Prince Mohammed bin Salman on Thursday launched a new company called Alat geared to make Saudi Arabia a global hub for electronics and advanced industries. The new company aims to create 39,000 direct jobs and achieve a direct non-oil GDP contribution of $9.3 billion...
  • Erdogan plays down row over Saudi-hosted Super cup

    Friday night's Turkish Super Cup between Galatasaray and Fenerbahce had been due to be played in Riyadh, Saudi Arabia. But it was postponed before kickoff after Saudi organizers refused to allow players to wear jerseys bearing political slogans.
  • KSA, Russia plan fertilizer JV, deepen OPEC+ ties

    Russian President Vladimir Putin's visit to Riyadh underscores the deepening economic and diplomatic relations between the two countries.
  • Gaza exposed  double standards, selective application of international law: Saudi Arabia

    exposed the double standards and selective application of international laws and UN resolutions by the global community. Representing Saudi Crown Prince Mohammed bin Salman, Saudi finance minister Mohammed Al-Jadaan said that the Israeli invasion of the besieged Gaza was in flagrant violation of international laws and it had led to...
  • Aramco profits down

    The oil giant posted a 23% drop in profits for Q3 to US$32.58bn.
  • How Saudi PIF is trying to build a post-oil economy

    Riyadh, Saudi Arabia -- As global banking elites attend the Future Investment Initiative forum in Riyadh, a focal point of Saudi Arabia's economic reforms, AFP takes a look at the vehicle that is bankrolling the transition: the Public Investment Fund. From world-class footballers to a new national airline and even a...
  • Saudis need $100s of billions for power investment by 2030: ACWA Power CEO

    Riyadh, Saudi Arabia - Saudi Arabia is set to embark on a significant endeavor to expand its power generation capacity, with plans to attract investment amounting to hundreds of billions of dollars by the end of this decade. Marco Arcelli, the CEO of ACWA Power Co., based in Riyadh, Bloomberg...
  • Saudi Crown Prince launches Ardara company to develop AlWadi

    Riyadh, Saudi Arabia -- Saudi Arabia's Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud Monday announced the launch of Ardara, which will develop AlWadi in Aseer Region in the southwest of the kingdom. This will be Ardara’s first development and will become a vibrant urban center and tourist destination...
  • Saudi Arabia and South Korea pledge to ramp up ties in various fields

    Riyadh, Saudi Arabia-- Saudi Arabia and South Korea have pledged to strengthen cooperation in various fields. According to a press statement released by the office of South Korea's President Yoon Suk Yeol, the boosting of ties between the two countries was discussed in a telephone call between the president and...
  • Abbas to UN: No Mideast peace without Palestinians’ rights

    Palestinian leader Mahmud Abbas's address came a day after Netanyahu discussed Saudi normalization in a meeting with US President Joe Biden. Israel and the United States believe that the Jewish state's normalization with Saudi Arabia -- guardian of Islam's two holiest sites -- would be a game-changer for the Middle...
  • Houthi and Saudi engage in ‘positive’ talks

    Saudi Arabia and Iran-backed Houthi rebels put a positive spin on the inconclusive talks in Riyadh as diplomatic efforts increased to end Yemen's war. The five days of talks were "positive", Saudi officials and a senior Houthi said, after the rebel delegation ended the first public visit to the Saudi...
  • Saudi Crown Prince arrives in India for G20 summit

    His visit comes at a time when Washington is actively engaging with the kingdom, encouraging it to normalize ties with Israel. "This has been the result of months of careful diplomacy, quiet, careful diplomacy, bilaterally and in multilateral settings," US Deputy National Security Advisor Jon Finer said Saturday. This project...
  • Saudi Arabia forms Global Water Organization to secure sustainable resources

    Jeddah, Saudi Arabia--Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the establishment of Global Water Organization in order to safeguard water resources, the Saudi Press Agency (SPA) reported on Monday. The newly formed organization will have its headquarters in Riyadh and is set to play a pivotal role in...
  • Saudi League starts, as world watches after a year of high-profile transfers

    The world's biggest oil exporter has thrown hundreds of millions at sports deals including Ronaldo's capture, Formula One in Jeddah and the lucrative LIV Golf tour, drawing frequent claims it is "sportswashing" its human rights record. It is all part of grand plans by the de facto ruler, Crown Prince...
  • After five years of driving, roadblocks remain for Saudi women

    Women drivers in Saudi Arabia is just one example, Jawhara al-Wabili says, of how women's rights have blossomed in recent years, allowing them to become ambassadors, bank directors, university administrators and even astronauts. Saudi scientist Rayyanah Barnawi took part in a mission to the International Space Station just this past...
  • First Saudi at Paris Fashion Week underlines dramatic changes

    Paris, France - Saudi Arabia is continuing its multi-billion-dollar entry into all aspects of global culture, hitting a new milestone on Thursday with the first Saudi designer presenting at Paris Fashion Week. Mohammed Ashi's haute couture show -- his first as part of the official roster after years of dressing top...
  • US remains invested in Gulf partnerships, Blinken tells diplomats

    Blinken spoke during a Gulf Cooperation Council ministerial meeting in the capital Riyadh following talks with Saudi Foreign Minister Prince Faisal bin Farhan and Crown Prince Mohammed bin Salman.
  • Blinken meets Saudi Crown Prince in fresh bid to mend ties

    Riyadh, Saudi Arabia - US Secretary of State Antony Blinken met with Saudi Crown Prince Mohammed bin Salman in Jeddah, in what is seen as the fresh step towards mending ties between the US government and the de facto Saudi ruler. “The two affirmed their shared commitment to advance stability,...
  • Blinken on three-day Saudi Arabia visit to rebuild strained ties

    Blinken's trip will also focus on efforts to end conflicts in Sudan and Yemen, the joint battle against the Islamic State group and the Arab world's relations with Israel. His visit comes at a time of quickly shifting alliances in the Middle East, centered around a China-brokered rapprochement in March...
  • Saudi SEZs attract $12bn in investments since launch in April

    An additional $31 billion in investments are in progress, the Special Economic Zones Investment Forum in Riyadh was told Tuesday. At the forum, four Special Economic Zones (SEZs) licenses were awarded to the King Abdullah Economic City’ (KAEC) SEZ, ‘Ras Al-Khair’ SEZ , ‘Jazan’ SEZ, and ‘Cloud Computing’ SEZ. Early...
  • Saudi Arabia transfers more Aramco shares to wealth fund in bid to ‘diversify’ economy

    Prince Mohammed said the latest transfer will "solidify PIF's strong financial position". Authorities did not give a value for the latest shares, which have been moved from the world's biggest oil exporter to Sanabil Investments, a firm controlled by the Public Investment Fund (PIF) that is led by Crown Prince...
  • After Xi-brokered Iran deal, Saudi Arabia to join China led security bloc

    Riyadh's move to partner with the bloc comes less than three weeks after the unveiling of a landmark China-brokered reconciliation deal with Iran to restore full diplomatic relations that were severed seven years ago.
  • Concept design of the new Riyadh airport estimated to handle 120 million passengers by 2030. (Supplied)

    Saudi to create new airline in pursuit of 100 destinations goal by 2030

    The Gulf kingdom is pursuing ambitious aviation goals as part of Crown Prince Mohammed bin Salman's wide-ranging "Vision 2030" reform agenda, including more than tripling annual traffic to 330 million passengers by the end of the decade. It also wants to move up to five million tons of cargo each...
  • Aramco reports bumper profits

    It posted $161bn profits last year on high oil prices.
  • Saudi Crown Prince: ‘Arabs will race for progress and renaissance once again. We will prove that every day’

    China has established comprehensive strategic partnership relations with 12 Arab countries separately, says Xi Jinping during Arab-China Summit in Riyadh.
  • Six years later, Saudi King Salman and China’s Xi sign comprehensive strategic partnership agreement

    Beijing is ready to expand its crude oil trade with Riyadh and will "list Saudi Arabia as a destination country for outbound tourism organized by Chinese citizens, says Xi Jinping.
  • Saudi Crown Prince considering $500m investment in Credit Suisse

    Credit Suisse itself has previously said it had $500 million committed from an unnamed investor, and its chairman said last week that it has other firm commitments, the daily reported on Sunday.
  • Saudi Airport to build a new airport in capital Riyadh

    Saudi Arabia announced plans for a new airport in Riyadh while advancing the kingdom's ambitious aviation goals. The airport, set to accommodate 120 million travelers by 2030 and 185 million travelers by 2050, will be named after 86-year-old King Salman and was announced by Crown Prince Mohammed bin Salman.
  • Saudi football academies eye boost from World Cup

    The kingdom has long been obsessed with football, but interest in playing -- not just watching -- has surged in recent years amid a government push to promote physical activity.
  • Saudi crown prince arrives in Thailand on official visit

    Prince Mohammed was received by Thai Prime Minister Prayut Chan-o-cha upon his arrival, and the prince then proceeded to review a guard of honour.
  • Saudi Crown Prince launches program to make KSA investment hub

    Saudi Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs Prince Mohammed bin Salman bin Abdulaziz announced the launch of the Global Supply Chain Resilience Initiative. GSCRI aims to make Saudi Arabia a location of choice for leading global industrial companies looking to improve business...
  • Saudi crown prince unveils National Industrial Strategy

    The strategy aims to diversify the kingdom's economy and increase GDP and non-oil exports by promoting industry and attracting investment.
  • Biden has ‘no plans’ to meet Saudi Crown Prince at G20 summit: US

    Stormy US-Saudi relations have seen new strain over Riyadh's recent support for oil production cuts, with Biden warning of unspecified "consequences." The move last week by OPEC+ -- composed of the Riyadh-led OPEC cartel and a group of 10 exporters headed by Russia -- would reduce global output by up...
  • Saudi Arabia and S. Africa to deepen ties in several fields

    The agreement would result in partnership in encouraging direct investment, communications and information technology, exploring the establishment of a joint investment fund between the two nations.
  • Saudi Arabia announces US$400m aid for Ukraine

    Continuing with the kingdom's role to support "everything that will contribute to de-escalation," Saudi Arabia has announced $400 million in aid for Ukraine. Saudi Crown Prince Mohammed bin Salman spoke to President Volodymyr Zelensky by phone, conveying the kingdom's eagerness to support mediation.
  • As Ukraine war grinds on, Saudi influence grows

    Saudi Arabia's unexpected role in brokering the release of foreign fighters detained in Ukraine was just the latest example of how the kingdom is seeking to bolster its international standing, diplomats and analysts say.  It also enables Riyadh to argue that preserving ties with Moscow -– a source of tension...
  • “US lives in solipsistic fantasies”

    Diminished leverage in the Gulf region makes Washington a less compelling partner than it once was, says Chas W Freeman, Former US Ambassador to Saudi Arabia.
  • Saudi women DJs strum a new tune

    Standing behind her control tower with headphones around her neck, Saudi DJ Leen Naif segues smoothly between pop hits and club tracks for a crowd of business school graduates noshing on sushi.
  • Saudi Crown Prince ends Europe trip with deals, MoUs

    Strategic partnership remains in focus as Mohammed bin Salman leaves France after heading a wide-ranging talks along with French President Emmanuel Macron in Paris.
  • 21 business, investment deals boost KSA-Greece ties

    The agreements cover logistics and transportation, renewable energies, manufacturing, environment services, aquaculture, defense, trade, engineering and agriculture.
  • Greece to get ‘cheaper energy’ from Saudi Arabia

    A power cable between the Kingdom and Greece to provide Europe with 'cheaper renewable energy' is one of the several upcoming bilateral projects between the two countries.
  • Washington to remain fully engaged in Middle East, says Biden

    US President Joe Biden told Arab leaders on Saturday that Washington would remain fully engaged in the Middle East and would not cede influence to other world powers. "We will not walk away and leave a vacuum to be filled by China, Russia or Iran," Biden said during the Jeddah...
  • Biden in Saudi Arabia to revive bilateral ties

    Joe Biden -- the first US president to fly directly from Israel to Saudi Arabia -- met Saudi King Salman before participating in a "working session" headed by Prince Mohammed
  • Biden to meet Saudi Crown Prince during his visit next week: White House

    Biden is expected to press for increased Saudi oil production in the hope of taming spiraling fuel costs and inflation at home.
  • Saudi crown prince, Jordan king meet amid thaw in ties

    Saudi Crown Prince Mohammed bin Salman met with Jordan's King Abdullah in Amman on Tuesday to discuss regional and international issues. The meeting came amid a thaw in relations that in recent years had suffered from divergent views on regional conflicts and unfulfilled pledges of aid. Prince Mohammed’s visit to...
  • Crown Prince’s visit: Egyptian, Saudi firms sign deals worth $7.7 bn

    The accords were related to "infrastructure, logistical services, port management, agri-foods, the pharmaceutical industry, fossil fuels and renewable energy, and cybersecurity" and were worth $7.7 billion, Egyptian daily Al-Ahram said.