The Biden administration released a long-awaited report on Jamal Khashoggi’s killing. The declassified intelligence report directly implicated Saudi Crown Prince Mohammed bin Salman. The Trump administration prioritized the US-Saudi relationship
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Saudi Wealth Fund in Talks with Lucid for Car Factory, FT Says
Lucid Motors Inc. is in talks with Saudi Arabia’s sovereign wealth fund to build an electric vehicle factory in the kingdom, the Financial Times reported, citing an interview with the
Continue reading »Saudi Arabia’s $300 billion wealth fund ditched Facebook, Disney, and Boeing stocks, and poured billions into ETFs in the second quarter
YURI KADOBNOV/Getty Saudi Arabia’s sovereign wealth fund, which is among the largest in the world, released investments it bought and sold in the second quarter in an SEC filing. The
Continue reading »Oil Giant Saudi Aramco Plans Huge Spending Cut for 2021
Follow us @middleeast for more news on the region. Saudi Arabia’s state oil company plans to cut capital expenditure to $25 billion or less next year, about half the amount
Continue reading »Apple leapfrogs Saudi Aramco now world's biggest company
Apple hits all-time high on blowout earnings, stock split FOX Business’ Susan Li breaks down the big week for the big tech companies including Apple and Facebook, Tim Cook’s economic
Continue reading »Saudi wealth fund boosts U.S. holdings with stakes in Citi, Boeing, Facebook
Fox Business Flash top headlines for May 15 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. DUBAI/BENGALURU - Saudi Arabia’s sovereign wealth fund has bought minority
Continue reading »Saudis Deepen Oil Output Cuts in Effort to Prop Up Market
In this article Saudi Arabia announced an extra oil-production cut to slash output to the lowest in 18 years as it tries to accelerate the recovery from an energy crisis
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