Hospitality giant Marriott International has signed an agreement with NEOM to bring a new Ritz-Carlton Reserve to Trojena, a year-round mountain resort destination under development in northwestern Saudi Arabia. This marks the second Ritz-Carlton Reserve in Saudi Arabia for Marriott and the seventh collaboration overall between the company and NEOM. Ritz-Carlton Reserve is a highly […]
Saudi Arabia just took its Neom road show to China. Neom officials visited Beijing, Shanghai, and Hong Kong to court Chinese investors. No deals were announced, but one attendee said the event helped demystify the futuristic project. Saudi Arabia took its Neom road show to China amid speculation about the scope of the project and […]
(Bloomberg) — Saudi Arabia will need a higher oil price than previously thought this year as the OPEC+ leader spearheads the group’s production cuts, according to the International Monetary Fund. Most Read from Bloomberg Riyadh will require an average oil price of $96.20 a barrel to balance its budget, assuming it holds crude output steady […]
ISLAMABAD (AP) — Pakistan’s prime minister called for closer cooperation between Saudi Arabia and his cash-strapped Islamic nation to enhance Saudi investment in his country, a government statement said Tuesday. Shehbaz Sharif made his remarks during a meeting with Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan who arrived Monday in the capital, Islamabad, to […]
(Reuters) – A Saudi Arabian delegation, led by foreign minister Prince Faisal bin Farhan bin Abdullah, will visit Pakistan on Monday and Tuesday as part of efforts to boost economic cooperation, Pakistan’s foreign ministry said in a statement on Sunday. The visit takes place to expedite follow-up on the understanding reached between Pakistani Prime Minister […]
A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia Oil prices are poised to hit $100 a barrel by May, analysts have warned, as Saudi Arabia extends supply cuts. Rising geopolitical tensions and an extension to the Opec cartel’s production curbs mean economists predict oil prices will surpass $100 […]
Saudi Arabia’s vision for its sprawling Neom project has always been hugely ambitious — and costly. The financial realities have started to cause concern within the government, Bloomberg reported. Amid alarm about costs, the kingdom’s sovereign wealth fund has yet to approve Neom’s 2024 budget. Saudi Arabia’s plan for its $500 billion futuristic city, Neom, […]
By Charlotte Greenfield ISLAMABAD (Reuters) – Saudi Crown Prince Mohammed bin Salman said dialogue was needed to resolve heightened friction between arch-rivals Pakistan and India during a meeting in Riyadh with visiting Pakistani Prime Minister Shehbaz Sharif. Sharif was making his first overseas visit since winning power in elections in February. He met with bin […]
Former President Donald Trump spoke recently with Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, their first publicly disclosed conversation since Trump left office in January 2021, according to two people briefed on the discussion who were not authorized to speak publicly about it. It was unclear what the two men discussed and […]
A huge new “Dragon Ball” theme park is coming to Saudi Arabia, the franchise owner said. The series — one of the most successful Japanese cultural exports — has a dedicated fanbase. Saudi Arabia is trying to become a flashy tourism hub — an image that clashes with its authoritarianism. A massive theme park devoted […]
?si=mtmA5LgRNPD8lU5e Saudi Arabia’s Qiddiya Investment Company has announced that it will be building a Dragon Ball Theme Park. As a planned megaproject for tourism and entertainment, construction on Qiddiya, which is located within the capital city of Riyadh, began in 2019. Since then, developers have announced an e-sports and gaming district, Six Flags, a water […]
DUBAI, United Arab Emirates (AP) — A U.S. Congress-mandated group cut short a fact-finding mission to Saudi Arabia after officials in the kingdom ordered a Jewish rabbi to remove his kippah in public, highlighting the religious tensions still present in the wider Middle East. Speaking to The Associated Press, Rabbi Abraham Cooper of the U.S. […]