Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Manufacturing China’s ROX Motors to produce EVs in Abu Dhabi Chinese luxury EV maker ROX Motor and Dubai-headquartered W Motors will manufacture electric vehicles in Abu Dhabi as Gulf countries step up efforts to attract automotive manufacturing. The ROX 01, a mid-size combustion-electric SUV, will be made at W Motors’ new facility in the capital city, the companies said in a joint statement. No […] May 22, 2025 Aviation Flynas sets IPO price as retail tranche opens next week The retail tranche of Saudi budget airline Flynas’s initial public offering (IPO) will start on May 28 after the institutional tranche was oversubscribed almost 100 times, according to a statement to the Saudi stock exchange. The airline set the IPO price at SAR80 ($21.33) per share – the top end of the range – raising SAR4.1 […] May 22, 2025 Renewable Energy Acwa Power’s $2bn capital top-up approved Saudi Arabia’s market regulator has approved Acwa Power’s capital top-up request to support its global expansion. The agreement will allow the renewables major, which is backed by Saudi Arabia’s $925 billion Public Investment Fund, to increase capital through a rights issue worth SAR7.2 billion ($1.9 billion). The offering price and the number of shares will […] May 21, 2025 Markets Mubadala’s US portfolio hit by GlobalFoundries slump Abu Dhabi sovereign wealth fund Mubadala Investment Co suffered a paper loss of $2.7 billion on its majority stake in US semiconductor maker GlobalFoundries in the first quarter, US regulatory filings show. GlobalFoundries’ stock price has fallen by about half from its March 2022 peak, extending its decline this year. This lowered the value of […] May 20, 2025 Finance PIF set to double European investments with Paris office Saudi Arabia’s Public Investment Fund (PIF) is to open its first subsidiary company office in France as it targets doubling its investment in Europe by 2030. The new office underscores the fund’s aim to foster close collaboration with local partners, top companies and institutional investors in Europe, the fund said in a statement. French President […] May 20, 2025 EXCLUSIVE Giga-projects PIF plans $100bn ‘Project Paradise’ Saudi Arabia’s $925 billion Public Investment Fund is drawing up plans for a $100 billion development in Riyadh, even as it reins in spending across some of its flagship projects, according to sources. The mixed-use project, known internally as “Project Paradise”, is in the early planning stage and is expected to be located southwest of […] May 19, 2025 Analysis Finance The multi-trillion dollar deals agreed on Trump’s trip During his trip to the Gulf region from May 13 to 16, US president Donald Trump visited Saudi Arabia, Qatar and the UAE and announced a series of deals across a number of sectors, which, according to the White House, added up to nearly $2.5 trillion. Artificial intelligence Saudi Arabia’s newly-established AI developer Humain said […] May 19, 2025 Markets Saudi Arabia trims bets on US tech stocks Saudi Arabia’s Public Investment Fund (PIF) rejigged its US equities portfolio during a tumultuous first quarter for Stateside stocks, expanding its direct investment in Amazon but trimming its bets on some of the other so-called Magnificent Seven technology companies. PIF has submitted filings to the US market regulator each financial quarter from 2020 onwards when […] May 18, 2025 Opinion Artificial Intelligence Riyadh moves to rewire its global role with AI Saudi Arabia aims to translate its hydrocarbon wealth into computational power May 16, 2025 Construction Emaar EC trims losses as revenue nearly triple Emaar EC, the master developer of King Abdullah Economic City, trimmed net losses by more than half in the first quarter of 2025 as revenues almost tripled. Net loss narrowed to SAR123 million ($32.8 million) in the quarter ended March 31, 2025, from SAR352 million a year earlier, the developer said in a statement published on […] May 16, 2025 Posts navigation Previous 1 … 3 4 5 … 101 Next
Manufacturing China’s ROX Motors to produce EVs in Abu Dhabi Chinese luxury EV maker ROX Motor and Dubai-headquartered W Motors will manufacture electric vehicles in Abu Dhabi as Gulf countries step up efforts to attract automotive manufacturing. The ROX 01, a mid-size combustion-electric SUV, will be made at W Motors’ new facility in the capital city, the companies said in a joint statement. No […] May 22, 2025
Aviation Flynas sets IPO price as retail tranche opens next week The retail tranche of Saudi budget airline Flynas’s initial public offering (IPO) will start on May 28 after the institutional tranche was oversubscribed almost 100 times, according to a statement to the Saudi stock exchange. The airline set the IPO price at SAR80 ($21.33) per share – the top end of the range – raising SAR4.1 […] May 22, 2025
Renewable Energy Acwa Power’s $2bn capital top-up approved Saudi Arabia’s market regulator has approved Acwa Power’s capital top-up request to support its global expansion. The agreement will allow the renewables major, which is backed by Saudi Arabia’s $925 billion Public Investment Fund, to increase capital through a rights issue worth SAR7.2 billion ($1.9 billion). The offering price and the number of shares will […] May 21, 2025
Markets Mubadala’s US portfolio hit by GlobalFoundries slump Abu Dhabi sovereign wealth fund Mubadala Investment Co suffered a paper loss of $2.7 billion on its majority stake in US semiconductor maker GlobalFoundries in the first quarter, US regulatory filings show. GlobalFoundries’ stock price has fallen by about half from its March 2022 peak, extending its decline this year. This lowered the value of […] May 20, 2025
Finance PIF set to double European investments with Paris office Saudi Arabia’s Public Investment Fund (PIF) is to open its first subsidiary company office in France as it targets doubling its investment in Europe by 2030. The new office underscores the fund’s aim to foster close collaboration with local partners, top companies and institutional investors in Europe, the fund said in a statement. French President […] May 20, 2025
EXCLUSIVE Giga-projects PIF plans $100bn ‘Project Paradise’ Saudi Arabia’s $925 billion Public Investment Fund is drawing up plans for a $100 billion development in Riyadh, even as it reins in spending across some of its flagship projects, according to sources. The mixed-use project, known internally as “Project Paradise”, is in the early planning stage and is expected to be located southwest of […] May 19, 2025
Analysis Finance The multi-trillion dollar deals agreed on Trump’s trip During his trip to the Gulf region from May 13 to 16, US president Donald Trump visited Saudi Arabia, Qatar and the UAE and announced a series of deals across a number of sectors, which, according to the White House, added up to nearly $2.5 trillion. Artificial intelligence Saudi Arabia’s newly-established AI developer Humain said […] May 19, 2025
Markets Saudi Arabia trims bets on US tech stocks Saudi Arabia’s Public Investment Fund (PIF) rejigged its US equities portfolio during a tumultuous first quarter for Stateside stocks, expanding its direct investment in Amazon but trimming its bets on some of the other so-called Magnificent Seven technology companies. PIF has submitted filings to the US market regulator each financial quarter from 2020 onwards when […] May 18, 2025
Opinion Artificial Intelligence Riyadh moves to rewire its global role with AI Saudi Arabia aims to translate its hydrocarbon wealth into computational power May 16, 2025
Construction Emaar EC trims losses as revenue nearly triple Emaar EC, the master developer of King Abdullah Economic City, trimmed net losses by more than half in the first quarter of 2025 as revenues almost tripled. Net loss narrowed to SAR123 million ($32.8 million) in the quarter ended March 31, 2025, from SAR352 million a year earlier, the developer said in a statement published on […] May 16, 2025
