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  • Franklin Templeton launches two Saudi Arabia funds

    Saudia Arabia also has the largest and fastest-growing bond market among Golf Cooperation Countries, hence its launch of the the Franklin Saudi Arabia Bond fund, which will invest in debt securities and obligations issued by government and corporate entities in the region. Its second product, the Franklin FTSE Saudi Arabia UCITS ETF, will track the FTSE Saudi Arabia 30/18 Capped index, which consists of 64 large and mid-cap Saudi Arabian equities. Dina Ting and Lorenzo Crosato will managed the fund.

  • Goldman, BlackRock Bosses Contend With a Changing Saudi Arabia

    The most influential names from the world of finance and business are flying to Riyadh for the eighth iteration of the kingdom’s Future Investment Initiative. Dubbed ‘Davos in the Desert,’ the event’s pre-summits started Monday. Over the course of the next few days, we’ll hear from the likes of David Solomon, Jane Fraser, Marc Rowan and Larry Fink. They’re heading to the kingdom amid a profound shift in their relationships with Saudi Arabia’s nearly $1 trillion wealth fund.

  • World Cup 2034: Saudi Arabia human rights report ‘flawed’

    Football's global governing body, FIFA, are expected to announce the middle eastern kingdom as the host for the 2034 tournament on December 11, with no other bids being considered at this point. But the decision to award the tournament to a country with a poor human rights record has angered advocacy groups. FIFA attempted to fulfil their stated commitment to human rights by commissioning an independent report on Saudi Arabia by the Saudi arm of London law firm, AS&H Clifford Chance. But its findings have been slammed.

  • Why Herve Renard is the perfect appointment for Saudi Arabia after Mancini exit

    In a stirring announcement video posted on social media on Saturday night, Herve Renard was confirmed as the new head coach of the Saudi Arabia national team. His return to the Green Falcons, 19 months after leaving to take charge of the French team at the 2023 FIFA Women’s World Cup on home soil, will be music to the ears of Saudi football fans.

  • Saudi Arabia targets local manufacturing of wind energy towers to enhance renewable energy sector

    Following two strategic agreements signed with Al-Yamamah Steel Industries Co. and Arabian International Co. for Steel Structures, Saudi Arabia seeks to strengthen its position in the wind energy sector by fostering local manufacturing capabilities and facilitating essential knowledge transfer. These agreements were part of 107 deals and memorandums of understanding, collectively valued at $27.69 billion, formalized at the Energy Localization Forum in Riyadh under the auspices of the Ministry of Energy and the LCGPA.

  • Saudi Arabia Expects to Announce $28 Billion of Deals at FII Summit: Video

    Deals worth more than $28 billion are likely to be announced by executives from around the world who’re attending the Future Investment Initiative in Riyadh, Richard Attias, the chief executive officer of the FII Institute tells Joumanna Bercetche

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

    Public debt in Africa reached $1.8 trillion in 2022, with such high levels constraining the ability of countries to cope with unexpected crises or invest in development. Jadaan said Saudi Arabia's plans to help Africa with its debt crisis — first proposed during Riyadh's hosting of the G20 in 2020 — have "directly impacted" countries such as Chad, Zambia, Ghana and Ethiopia. "Saudi Arabia believes in the importance of these efforts, and we are committed to continue exerting them," he added. During the 2020 G20 summit, Saudi Arabia called for the suspension of African debt payments. At the inaugural Saudi Arabia-Africa summit in November 2023, Riyadh continued to press for resolving debt issues in Africa.

  • Barclays Considers Re-Entering Saudi Arabia a Decade After Exit

    “We’re looking at how best to re-enter the country,” Venkatakrishnan said. “We will consider corporate banking work, but investment banking and trading will be the focus.” The move to re-enter Saudi Arabia would come a decade after Barclays pulled out of the country under then CEO Antony Jenkins. Venkatakrishnan’s comments come as banks around the world beef up their operations in the oil-rich kingdom, which is in the midst of a trillion-dollar economic transformation plan.

  • Saudi Arabia’s Vision 2030 is transforming women’s lives, says Princess Reema

    Speaking at the HERizon Summit, held alongside the eighth Future Investment Initiative, she emphasized that the right policies are crucial for accelerating women’s progress in business and entrepreneurship. The event, themed “Invest in Women,” aims to bridge the gender gap and empower women in the global workforce. A recent report by the World Bank confirmed Saudi Arabia’s progress in gender parity, noting a substantial increase in female labor participation from 22% in 2016 to 34% in 2023.

  • Inside Saudi Arabia’s Sindalah: All you need to know about NEOM’s luxury island

    The first guests can now step foot on the luxury island in the Red Sea , where they see a world-class yachting destination, mega luxury hotels, a golf course, a beach club, an array of restaurants and an international luxury retail offering dubbed ‘The Village’ - home to some 51 luxury retail outlets. Transforming Sindalah from idea to reality has been the result of an extensive two-year effort, from a 30,000-strong workforce at its peak across four local contracting partners and up to 60 subcontractors.