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The Latest Breaking News from Saudi Arabia

Lucid Opens Its First Middle East Store In Saudi Arabia

The opening of Saudi Arabia's first Lucid Studio comes after the EV startup said it is building a plant in the country that has placed an order for 100,000 EVs.

InsideEVs

Newcastle owners 'rejected' £700m Man Utd deal before completing Toon takeover

Saudi Arabia's Public Investment Fund (PIF) completed their takeover of Newcastle United from Mike Ashley in October 2021, but could have acquired a stake in another club before then

Daily Mirror

Yasir Al-Rumayyan explains global PIF strategy change that paved way for Newcastle takeover

Newcastle United were taken over nearly a year ago and Yasir Al-Rumayyan has briefly touched on the change in Saudi Arabia's Public Investment Fund's global strategy that led to such investments

Chronicle Live

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PIF Launches National Real Estate Registration Services Co.

Saudi Arabia’s Public Investment Fund (PIF) has launched the National Real Estate Registration Services Co.

Asharq Al-Awsat

Middle East states in line for $1.3tn windfall from extra oil revenues

IMF says it expects region’s oil and gas exporters to benefit from high prices over next four years

The Guardian - UK

PIF Launches ‘AviLease’ Aircraft Leasing Company

Saudi Arabia’s Public Investment Fund (PIF) announced on Thursday the launch of the Aircraft Leasing Company “AviLease”, which aims to be a leading institution across the aviation leasing value chain, maintaining an optimal portfolio of assets with its core focus on leasing, trading and asset management services. “AviLease” will initially…

Asharq Al-Awsat

Saudi to Adopt Global Index for Driving 4th Industrial Revolution in Kingdom’s Factories

Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP) signed on Sunday a partnership with the Singapore-based International Center for Industrial Transformation (INCIT) to drive the adoption of the Industry 4.0 focused and Singapore-developed Smart Industry Readiness Index (SIRI) throughout the Kingdom. The SIRI comprises a suite of digital frameworks…

Asharq Al-Awsat

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White Lands Program to Register More than 20 Million SQM of Developed Lands in Riyadh

Saudi Arabia’s White Lands Program will register in 20 days more than 20 million square meters of developed lands in Riyadh. The program expects that the new inventory will provide about 60,000 plots of land with an average area of 350 square meters, which can pump hundreds of thousands of…

Asharq Al-Awsat

Saudi Arabia’s PIF Acquires Stakes in Nintendo

Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo Co, as the sovereign wealth fund increases its exposure to the Japanese video gaming industry. The investment in the Kyoto-based group company was made for investment purposes, according to a filing to Japan’s Finance Ministry, making the…

Asharq Al-Awsat

Saudi Arabia's Public Investment Fund Scoops 5% Stake In Nintendo

Saudi Arabia's Public Investment Fund (PIF) scooped a 5.01% stake in Nintendo Co, Ltd (OTC:NTDOY), Reuters reports. PIF has also launched its own video game and e-sports company, Savvy Gaming. Also Read: Nintendo Declares 10-1 Stock Split After Posting 4% Sales Decline In FY22, Weaker Guidance PIF invested in video game companies Nexon Co Ltd (OTC: NEXOY), Capcom Co…

Benzinga

As Elon Musk Aims To Take Twitter Private, Filings Reveal Aftermath Of What Happened When He Tried The Same With Tesla

As Tesla Inc (NASDAQ: TSLA) CEO Elon Musk tries to take Twitter Inc (NASDAQ: TWTR) private, text messages from 2018 reveal the billionaire entrepreneur's sp

Benzinga

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