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Saudi Arabia

December 22, 2025

Riyadh 9:35 pm

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Traffic moves on Sheikh Zayed Road in Dubai on March 24, 2025.

Analysis

Gulf finance hubs race to expand as hedge funds flock to Dubai, Abu Dhabi

The Gulf’s top financial hubs have posted another strong year in 2025, with the UAE spearheading a regional push to attract hedge funds, asset managers, crypto and fintech firms as regional neighbors target growth of their own.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Solar panels in a Sinai desert, Egypt.

Egypt lands $572M UAE-backed solar deal, expanding Gulf's clean-energy footprint

Gulf companies have been increasing their investments in North African renewable energy.

Latest News

Saudi Arabia cements ties with Sudan during Burhan visit as UAE rivalry heats up

Sudanese leader Gen. Abdel Fattah al-Burhan meets with Saudi Crown Prince Mohammed bin Salman in Riyadh, Dec. 15, 2025.

Exclusive

Inside Netanyahu’s pressure campaign to block Turkey, Saudi Arabia from acquiring F-35s

WASHINGTON, DC - APRIL 07: Israeli Prime Minister Benjamin (L) talks to U.S. President Donald Trump during a meeting in the Oval Office of the White House on April 7, 2025 in Washington, DC. President Trump is meeting with Netanyahu to discuss ongoing efforts to release Israeli hostages from Gaza and newly imposed U.S. tariffs. (Photo by Kevin Dietsch/Getty Images)

In Tel Aviv, reporting on national security, Israeli politics, defense

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

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

Francesco Schiavi

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

Sabena Siddiqui

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

Sebastian Castelier

In Dubai, reporting on regional business

A man stands outside the Canadian Embassy in the Saudi capital Riyadh, on August 7, 2018.

Saudi Arabia, Canada reestablish business council as ties warm

Saudi Arabia and Canada resumed diplomatic relations last year following a row over Ottawa’s criticism of the treatment of women in the kingdom.

Jordan Henderson of Al Ettifaq and Roberto Firmino of Al Ahli battling for the ball during the Saudi Pro League match.

Key players want out of Saudi soccer league: reports

The Saudi Pro League landed several top stars last year with lucrative deals, but now some players may be looking to leave the kingdom.

A Saudi mine worker pours a stream of molten gold from the furnace into moulds to produce gold ingots during a press tour at the Al-Amar Gold Mine, 195kms southwest of the Saudi capital Riyadh, on May 28, 2008.

Will Saudi Arabia see mining gold rush in 2024?

The kingdom plans to take advantage of the growing demand for critical minerals to power the green transition.

Ons Kayanee

Tunisia's Ons Jabeur reps Saudi fitness brand Kayanee at Australian Open

Jabeur has expressed support for Saudi investment in tennis in the past as the kingdom seeks to boost its sports holdings.

A Eurofighter jet of the TacticalAir Force Wing 71 "Richthofen" of the German Armed Forces Bundeswehr approaches during the Hannover Shield exercise at the airport in Hannover, northern Germany, Nov. 27, 2023.

Germany reverses, to greenlight Eurofighter jets to Saudi Arabia

Germany stopped selling arms to Saudi Arabia following the murder of Saudi journalist Jamal Khashoggi inside the Saudi Consulate in Istanbul in 2018, but has since come under increasing pressure to allow the sale of the jets to the Gulf country.

An Iran Air Boeing 747 passenger plane sits on the tarmac of the domestic Mehrabad airport in the Iranian capital, Tehran, on Jan. 15, 2013.

Why has Iran Air abandoned plans to relaunch Saudi Arabia flights despite detente?

The Iran Air flights to Saudi Arabia were intended to transport pilgrims to Jeddah and were scheduled to take off from Tehran, Mashhad and Isfahan on Wednesday.

People attend the International E-Sport Gamers forum Next World in the Saudi capital, Riyadh, on Sept. 7, 2022.

Saudi PIF invested $31.6B in 2023, record in global sovereign wealth funds

The PIF is estimated to have nearly $800 billion in assets and wants to become the world’s largest sovereign wealth fund by 2030.

Wang Yi speaks during a UN Security Council meeting on the situation in the Middle East and the Israel-Hamas war at the United Nations headquarters on Nov. 29, 2023.

With confidence at all-time high, can China emerge as Mideast peace broker?

China is riding a wave of support since its Iran-Saudi agreement, but experts say the Palestinian-Israeli brokerage is a different matter.

An employee of the Saudi Arabian Mining Company (Ma’aden) is pictured in this undated image.

Saudi mining firm Ma’aden announces gold discovery

Saudi Arabia seeks to boost its mining sector, including via investment at home and abroad.

YASIN AKGUL/AFP via Getty Images

What does Saudi Arabia's CICA membership mean for its Asia pivot?

The kingdom’s achievement of observer status in the Conference on Interaction and Confidence Building Measures in Asia follows similar moves with the Shanghai Cooperation Organization and BRICS.

Ronald Al Nassr

Analysis

2023 in review: The year Saudi Arabia became sports superpower

The kingdom has been laying the groundwork to become a sporting leader for decades, but this year marked a turning point as investment ramped up.

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

Saudi Arabia’s ACWA Power signs $4B green hydrogen deal in Egypt

The second phase of the project could produce 2 million metric tons per year, the statement said, without providing details on the timeline.