Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: PUBLIC INVESTMENT FUND
Saudi’s PIF commits $20 bln to $40 billion fund with Blackstone
:: Saudi Arabia’s Public Investment Fund (PIF), the country’s main sovereign wealth fund, will contribute $20 billion to a $40 billion fund with US private equity firm Blackstone, its managing director said on Tuesday. The fund will invest in the
Saudi fund aiming for assets under management of $400 bln by 2020
:: Saudi Arabia’s Public Investment Fund (PIF) aims to increase its assets under management to 1.5 trillion riyals ($400 billion) by 2020 as part of the country’s Vision 2030, an economic reform plan aimed at boosting private-sector growth and developing
Saudi Public Investment Fund looks for more global alliances
:: Saudi Arabia’s Public Investment Fund (PIF) is looking for further international partnerships as part of its ambitious aim to become the largest sovereign wealth fund in the world. Yasir Al-Rumayyan, PIF managing director, said that global investment alliances would
Robots to roam $500 billion Saudi city
:: Crown Prince Mohammed bin Salman on Tuesday unveiled ambitious plans for a new city state that would also straddle Jordan and Egypt in the kingdom’s northwest with up to $500bn in investments. Called Neom, the city will be powered
Saudi Public Investment Fund unveils entertainment city logo
:: The Public Investment Fund unveiled the logo of the Qiddiya project, which will be the Saudi kingdom’s largest cultural, sports and entertainment city. The project was announced in April this year, and its newly announced logo was innovatively designed
Saudi sovereign wealth fund to launch entertainment investment company
:: The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has announced it is in the process of developing a new company to act as its investment arm in the Kingdom’s growing entertainment sector. The company, which will have
Saudi sovereign fund, Softbank plan robotic initiative
:: Saudi Arabia’s main sovereign wealth investment fund and Japan’s Softbank Group plan to jointly study how robots can be used more effectively in government, business and society, they said on Wednesday. In the coming months, the Public Investment Fund
Saudi Arabia, China to set up $20bn investment fund
:: Saudi Arabia and China plan to establish a $20 billion investment fund as the Kingdom deepens ties with its biggest Asian oil customer. King Salman met Chinese Vice Premier Zhang Gaoli in Jeddah on Thursday amid a flurry of
Deputy crown prince promises youth a new Saudi Arabia
Deputy Crown Prince Mohammed Bin Salman, second deputy premier and minister of defense, announced that new programs under the umbrella of Saudi Arabia’s Vision 2030 will be unveiled soon. “The first among these programs will be the National Transformation Program,
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