‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower

The oil-rich kingdom is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological ... Read More

Saudi Arabia's NEOM secures $2.7 billion new financing facility

NEOM, a unit of the kingdom’s sovereign wealth fund, secured a new revolving credit facility (RCF) worth 10 billion riyals ($2.67 billion) from local lenders, according to a NEOM statement seen by ... Read More

Saudi Arabia is desperately trying to woo bankers to pay for its futuristic desert city

Saudi Arabia hopes that bankers will shell out cash once they see the progress on its futuristic desert city, Neom, in person. Read More

Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.

Neom officials visited Beijing, Shanghai, and Hong Kong to court Chinese investors and shed more light on the $500 billion undertaking. Read More

WWE's Business Is Being Propped Up By Billion-Dollar TV Deals, Saudi Arabia Partnership

WWE has also seen a precipitous drop-off in its live event business, which is admittedly ... partnership with the Kingdom of Saudi Arabia. In another bittersweet coup of timing, WWE was identified ... Read More

Why Amazon, Google, others are racing to Saudi Arabia to build the future of AI

Experts believe that billions of dollars in Saudi money can help to build a tech industry to complement its oil dominance ... Read More

GE Stock Up, Wins $1 Billion Contract to Build Power Plant in Saudi Arabia

GE stock is increasing on Thursday afternoon as the company won a $1 billion contract to build a combined cycle power plant in Saudi Arabia ... Not based on the news in any given day, the rating ... Read More

Saudi Arabia Moves Closer to $1 Billion Barrick Pakistan Deal

Saudi Arabia is moving closer to a potential deal to acquire a minority stake in a Pakistan mine controlled by Barrick Gold Corp., people with knowledge of the matter said. Read More

FIFA seals closer ties to Saudi Arabia with World Cup sponsor deal for oil firm Aramco

FIFA has deepened its ties to Saudi Arabia by confirming a sponsorship with the kingdom’s state oil firm Aramco. Read More

Saudi Arabia Is Investing Billions In AI. But Some Founders Are Still Waiting To Get Paid.

The only startups to benefit from Gaia’s pitch were members of the program’s first cohort, who received the Saudi government grants and just a fraction of the ... Read More

ge aerospace

GE said the aerospace business, which makes engines for jets of Boeing and Airbus, is expected to report $6 billion to $6.5 billion in adjusted operating profit in 2024. Airbus announced a ... Read More

Diriyah announces 20,000-seat arena as centrepiece to $63bn masterplan in Saudi Arabia

Diriyah Company has announced the concept design for “The Arena in Diriyah”, near Riyadh, Saudi Arabia. The arena “aspires to become ... was made in the presence of UK Minister of State for Business ... Read More