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  • How MBS’s Saudi Wealth Fund Could Take US Yields Higher: Chart

    Saudi Arabia is making riskier bets with its oil wealth. The aim is to generate a higher return to offset possible declines in crude prices. The consequences? Domestically, higher risks mean potential losses for the kingdom, according to Bloomberg Economics. Globally, the re-allocation of Saudi wealth could result in higher US interest rates.

  • Saudi Arabia’s MBS, Italy’s PM Meloni discuss issues of common concern

    Saudi Crown Prince Mohammed bin Salman received a call from Italian Prime Minister Giorgia Meloni on Tuesday and discussed a range of topics and issues of common concern, the official Saudi Press Agency (SPA) reported. The Crown Prince and Meloni also reviewed bilateral relations.

  • Saudi Investors and MBS Head to Paris, Looking for Deals

    Bumper oil revenues have already transformed the country’s sovereign wealth fund, chaired by Prince Mohammed, into an investing force with about $35 billion in U.S. assets alone (including stakes in Uber, PayPal and Electronic Arts) and a mandate to diversify the economy beyond fossil fuels. Badr Al Badr, the deputy minister for investor outreach, told DealBook that Saudi Arabia has about $3.2 trillion to invest by 2030. “That is why there are so many opportunities for investors,” he said.

  • MBS holds call with Putin, talks oil prices as Blinken visits Saudi Arabia

    Days after Saudi Arabia’s Energy Ministry said the country would drop its oil output to 9 million bpd from 10 million bpd starting in July in a Sunday press release, the IMF lowered its forecast for the kingdom’s 2023 economic growth to 2.1%, down a full percent from its 3.1% forecast in May.

  • MBS-Blinken meeting highlights Saudi Arabia’s new Middle East policy

    Al-Ain media focused on discussions about economic cooperation, clean energy and technology. The report at AL-Ain also noted that the US had “discussed a comprehensive set of bilateral issues, such as the possibility of normalizing relations between the Kingdom and Israel, issues of Yemen, Sudan, and human rights.”

  • Saudi Arabian soccer league to get more state funding from policy backed by crown prince MBS | AP News

    The Saudi league has players from “over 40 different countries and has seen attendances increase by nearly 150% in the last year,” the statement from the SPA said. “The privatization and ownership transfer of clubs aims to accelerate progress in a variety of sports across the kingdom further growing participation, providing cutting edge facilities, increasing competition and nurturing future champions.”

  • Commentary: Saudi’s MBS Plays Diplomatic Balancing Act, But Can He Pull It Off?

    While the Saudi media describe his behavior as the creation of a new Arab order, MBS the flag bearer of the beginning of a new chapter in the region and the man to see an end to its conflicts, others see his position between democracies and dictatorships as a major gamble.

  • Opinion: KSA’s silent revolution – is MBS an ‘Arab Deng Xiaoping’?

    The Saudi Silent Revolution augurs well for the Muslim World as most Muslims take their cue from the guardian of the Holy Places, on what kind of society to build and how to place Islam in the quest for modernisation in the 21st Century. MBS has set an excellent example by squarely presenting the two as compatible in building a better and progressive tomorrow for their people.

  • Israel bombs residential building, kills 4 more people in Gaza

    Four more Palestinians were killed and seven others were wounded as Israel's air strikes against the besieged Gaza Strip continued for the third consecutive night, Palestinian medical sources confirmed on Thursday morning.

  • Wizz Air’s Gulf Unit to Double Aircraft, Staff as Demand Climbs

    The new airline is seeing “very strong demand” and expects traffic to almost double over the next 12 months from the 1.2 million passengers flown over the past year, Wizz Air Abu Dhabi Managing Director Johan Eidhagen said in an interview. The fleet will expand to 15 aircraft by March 2024 from eight currently, as the airline adds new destinations to cities within about a six-hour radius from its Abu Dhabi base. The venture is also hiring, with plans to double staff to 800 in the capital of oil-rich United Arab Emirates, Eidhagen said.