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Saudi Arabia

August 16, 2025

Riyadh 12:41 pm

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Diverging Gulf bets: PIF exits US tech stocks as Mubadala reshuffles portfolio

During a quarter in which US stocks began surging toward record highs, two of the Gulf's most influential investors took different approaches to the market.

United Arab Emirates

Elon Musk (L) and Nvidia CEO Jensen Huang (C) are directed to greet the Saudi crown prince at the Royal Court in Riyadh, on May 13, 2025.

Starlink targets Saudi skies as Musk’s Middle East push rolls on

The satellite internet service operated by SpaceX had been on an expansion spree in the Middle East in 2025, most recently launching in Israel as it also targets a deal with Saudi Arabia's national airline.

purple lambos

Saudi Ferrari among $9.4M in cars seized during London 'supercar season'

Dozens of supercars were seized by London police last week during a popular time for the world's wealthy vehicle owners to tour the city.

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Analysis

As Trump plays Russia oil sanctions gambit, will Middle East profit or pay?

Oil tankers and cranes at Merchants Harbor, Saint Petersburg, Russia.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Saudi Arabia’s falcon auction aims to spin tradition into tourism gold

Visitors at the first night of the International Falcon Breeders Auction 2025 in Malham city on Aug. 5, 2025.

Saudi Arabia’s King Khalid airport sets record with 3.9M passengers in July

People wait for the arrival of relatives at King Khalid International Airport in the Saudi capital of Riyadh on the first commercial flight from Qatar on Jan. 11, 2021.

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Sebastian Castelier

In Dubai, reporting on regional business

FAYEZ NURELDINE/AFP via Getty Images

Saudi's PIF downsizes foreign investment, turns to AI, domestic priorities

Saudi Arabia's sovereign wealth fund is looking to invest in tourism, real estate and sustainability as its Vision 2030 deadline draws closer.

Attendees arrive for the yearly Future Investment Initiative (FII) conference in the Saudi capital Riyadh on Oct. 24, 2023.

Saudi Arabia pushes for Africa debt relief as private investments set to reach $25B

Saudi Arabia is pushing for debt relief for African nations burdened with more than $1 trillion in liabilities.

A Saudi navy ship is pictured docked at King Faisal navy base in Jeddah before the departure of a team to Port Sudan to help with the evacuation efforts of people fleeing Sudan, on April 29, 2023. - Warplanes on bombing raids drew heavy anti-aircraft fire over Khartoum as fierce fighting between Sudan's army and paramilitaries entered a third week, despite a renewed truce. (Photo by Fayez NURELDINE / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Analysis

Saudi naval ambitions get a boost after joint Greece, France exercise

The kingdom is modernizing its navy under Vision 2030, replacing outdated vessels while seeking to diversify its military partnerships beyond traditional US reliance — but operational gaps remain.

Francesco Schiavi

By Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Attendees take part in the annual Future Investment Initiative (FII) conference in the Saudi capital, Riyadh, Oct. 25, 2022.

What to expect at Saudi Arabia's eighth Davos in the Desert

This year's Future Investment Initiative focuses on tech, energy and investment as Saudi Arabia steps up efforts to diversify its economy away from hydrocarbons.

US President Joe Biden and UAE President Sheikh Mohamed bin Zayed Al Nahyan walk to the Oval Office for a meeting, where the two discussed AI and ending the war in Gaza on Sept. 23, 2024, in Washington.

Analysis

How new US AI framework could impact UAE, Saudi ambitions

The framework comes as the UAE has deepened its AI ties with the United States in recent months over a series of visits to Washington by senior Emirati officials.

Samuel Wendel

By Jack Dutton , Samuel Wendel

Attendees take part in the annual Future Investment Initiative (FII) conference in the Saudi capital Riyadh on October 25, 2022. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

What to make of Saudi Arabia's $96B in foreign direct investment in 2023

Driving foreign investment into key sectors is part of Saudi Arabia's efforts to diversify away from an oil-dependent revenue model.

An Iranian Navy warship takes part in the "National Persian Gulf day" in the Strait of Hormuz, on April 30, 2019.

Iran eyes naval drills with Saudi Arabia, Egypt amid simmering regional tensions

The planned drills come on the heels of a recent joint exercise that Iran hosted in the Indian Ocean, as Tehran seeks to counterbalance Israel and curb US influence in the region's strategic waters.

Russia's President Vladimir Putin meets with the heads of leading media outlets from the BRICS member countries in the Moscow region, on Oct. 18, 2024.

Russia's BRICS summit: Gulf states seek influence as Iran, UAE debut as members

Saudi Arabia’s crown prince will not be in attendance but has sent his foreign minister. Expansion of the group and adoption of a new currency are on the three-day agenda.

United Arab Emirates

Palestinian security forces close off the entrance of a building housing the offices of Saudi broadcasters MBC, Al-Arabiya, and Al-Hadath in Ramallah in the occupied West Bank on October 21, 2024, during a protest calling for their closure against the backdrop of their descriptions of Hamas leadership which the protesters reject. (Photo by Jaafar ASHTIYEH / AFP) (Photo by JAAFAR ASHTIYEH/AFP via Getty Images)

What's behind Algeria's suspension of Saudi-owned Al Arabiya?

Algeria suspended the press license of Saudi state-owned Al Arabiya news channel just one day after Iraq suspended the license of Saudi-owned TV channel MBC.

JOHN WESSELS/AFP via Getty Images

Gulf governments silent as Iran, proxies mourn Hamas' Yahya Sinwar

Regional governments have not commented on Hamas chief Yahya Sinwar’s killing by Israeli forces in Gaza, but Iran and its proxy groups mourned his death, vowing that the resistance against Israel will continue.

This picture shows Aramco tower in the King Abdullah Financial District (KAFD) in Riyadh on April 16, 2023.

What are Aramco’s priorities in Asia after cancelation of Saudi chemical project?

The Saudi oil giant is showing increasing interest in Asia’s petrochemicals market amid the energy transition.

Saudi Crown Prince Mohammad bin Salman meets with Egyptian President Abdel Fattah al-Sisi in Cairo on Oct. 15, 2024. — Saudi Press Agency

Egypt's Sisi hosts Saudi crown prince as Cairo looks to attract investment

Saudi's crown prince met with Egypt's president in Cairo on Tuesday, where the two oversaw the signing of an investment protection agreement and the creation of the Saudi-Egyptian Supreme Coordination Council.