Tag: Saudi Arabia
GEMS Is Said to Bid for Top Saudi School Chain
(Bloomberg) -- GEMS Education, the Dubai-based school operator backed by Blackstone Group LP, is in advanced talks to invest in Saudi Arabia’s Maarif for...
Saudi Launches $23bn Riyadh Beautification Program
(Bloomberg) -- Saudi Arabia plans to pour 86 billion riyals ($23 billion) into beautifying its capital, Riyadh, with projects expected to create tens of thousands...
Saudis Urge OPEC+ to Stick With Oil Cuts as Job Not Yet Done
(Bloomberg) -- OPEC and its allies have much work ahead to balance global oil markets and are prepared to do what’s necessary in the second...
Saudi Stocks Advance Most in Mideast as Banks Recover
Stocks in Saudi Arabia climbed the most among Middle Eastern equity markets on Sunday, boosted by banking shares, after the government said it has...
Saudi Arabia’s Fannie Mae Plans $2.3 Billion in Sukuk Sales
Saudi Arabia’s first mortgage-refinancing firm is set to debut in the bond market with a plan to raise as much as 8.5 billion riyals...
Let Saudi Women Find Their Own Way: Khawla Al-Kuraya
(Bloomberg Opinion) -- For most of recorded history, and in many countries around the world, women have not been treated equally to their male...
Saudis Said to Weigh Local Bank Tax Hike to as Much as 20%
(Bloomberg) -- Saudi Arabia is considering plans to increase an Islamic tax paid by local banks to as much as 20 percent, or double...
Saudi Arabia Signs Investment MoUs Worth $20 Billion in Pakistan
Saudi Arabia’s Crown Prince Mohammed bin Salman said his country signed so-called memorandums of understanding worth $20 billion of investment in Pakistan.
“We are creating...
Opinion: Aramco Comes Out to Play on an Empty Playground
According to Khalid Al-Falih, Saudi Arabia’s energy and industry minister and chairman of Saudi Arabian Oil Co., “the world is going to be Saudi...
Saudi Wealth Fund Plans San Francisco Office in Tech Push
Saudi Arabia’s sovereign wealth fund is following its peers in Abu Dhabi and Qatar by opening an office in the U.S. tech hub of...