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NEOM, Saudi Arabia

How the Gaza War is impacting Saudi Arabia's NEOM & IMEC projects

The ongoing Gaza conflict is not only a humanitarian crisis but also a major geopolitical challenge affecting the future of two of the most ambitious infrastructure projects in West Asia: Saudi Arabia’s NEOM and IMEC.

U.S. News & World Report · 2d

Long-Time CEO of NEOM Goes as Saudi Arabia Scales Back Mega-Projects

DUBAI/RIYADH (Reuters) -Nadhmi al-Nasr, the long-time chief executive of the $500 billion NEOM mega-project at the heart of Saudi Arabia's drive to diversify away from oil, has departed, NEOM said on Tuesday without giving a reason.

Bloomberg L.P. · 2d

Saudi Arabia Replaces CEO Developing Megacity of Neom

Saudi Arabia replaced the executive that was overseeing its plan to build the $1.5 trillion futuristic development known as Neom, in the latest sign that the project is struggling to deliver on its ambitions.

CNBC on MSN · 1d

Saudi Arabia's Neom replaces its CEO amid reports of delays and cutbacks

Neom is set to host hyper-futuristic cityscapes and structures — but financial pressures on the kingdom are changing.

Irish Independent on MSN · 5h

Saudi Arabia prioritises sports for Neom project as costs soar

Saudi Arabia has scaled back ambitions for its Neom gigaproject, amid rising costs, in order to prioritise completing elements that are essential to hosting global sporting events, sources have told Reuters following the sudden departure of the project’s long-time CEO.

Frustrated Saudi Arabia hold Australia 0-0 away

The Associated Press – Sports … · 20h

Australia and Saudi Arabia draw 0-0 in World Cup qualifier

Australia and Saudi Arabia have drawn 0-0 in Asian qualifying for the 2026 World Cup in Melbourne. While there was late drama there was little quality on display on Thursday.

Reuters · 20h

Frustrated Saudi Arabia hold Australia 0-0 away in World Cup qualifier

Herve Renard marked his return to the Saudi Arabia dugout with a gritty 0-0 draw against hosts Australia as the Green Falcons fumed at a late disallowed goal that cost them maximum points in a crunch World Cup qualifier on Thursday.

Barron's · 20h

Late Drama As Saudis Hold Australia In World Cup Qualifier

Saudi Arabia had a goal disallowed in extra-time as they ground out a scoreless draw against Australia on Thursday, a result that did neither side any favours in their bid to qualify for the 2026 World Cup.

Saudi wealth fund PIF to sell further stake in STC

Bloomberg on MSN · 12h

Saudi Wealth Fund Ramps Up Stock Sales to Support Spending Plans

Saudi Arabia’s wealth fund sold part of its stake in the kingdom’s main mobile-phone operator for about $1 billion, the latest step in its efforts to raise cash for the government’s economic transformation plan.

Reuters · 1d

Saudi wealth fund PIF to sell further stake in STC in potential $1.1 billion deal

Saudi Arabia's sovereign wealth fund PIF has hired Goldman Sachs and Saudi National Bank to sell around a 2% stake in the country's telecom group STC in a deal that could raise up to $1.1 billion, according to a statement from the banks.

Hosted on MSN · 23h

PIF to raise over $1bn from Saudi Telecom’s 2% stake sale

The sale represents 2 percent of PIF’s stake in STC and the price is around 6.5 percent lower than the share price at closing on Wednesday. Goldman Sachs Saudi Arabia and SNB Ca

23hon MSN

Saudi Arabia's inflation rate edges up to 1.9% in October

Saudi Arabia's annual inflation rate continued to edge up in October to 1.9% from 1.7% in September, according to government ...

1don MSN

Saudi Arabia is trying to build a mega-city in the desert. Now, Neom is dialing back plans for its first stage.

The authoritarian country is spending billions on international athletics, from Formula 1 to combat sports, to boost its ...

Zawya24m

Saudi Arabia approves regional headquarters licence for Fitch

This RHQ will expand Fitch Group’s long-standing presence in the Middle East, which includes having opened offices in Riyadh by Fitch Ratings in 2017 and by Fitch Learning in 2023 ...

20hon MSN

Exclusive-Saudi Arabia prioritizes sports for NEOM plans as costs balloon, sources say

By Pesha Magid, Hadeel Al Sayegh and Federico Maccioni RIYADH/DUBAI (Reuters) -Saudi Arabia has scaled back lofty ambitions ...

Business Insider on MSN1d

Saudi Arabia's ruler used to be one of Trump's biggest fans. This time it's complicated.

An icon in the shape of a lightning bolt. Impact Link Donald Trump's first trip as US president to Saudi Arabia in 2017 ...

Observer16h

Sotheby’s and Christie’s Saudi Arabia Moves, Art Basel Abu Dhabi and a Rumored Frieze Sale

This is a very dynamic time for culture in Saudi Arabia,” according to Sotheby’s CEO Charles F. Stewart, who added in a ...

Trade Finance Driving Saudi Arabia's Economic Transformation: An Example Of Innovative Growth

The evolving trade finance landscape presents opportunities for private capital to bridge gaps traditionally left by ...

18hon MSN

The Big Problem for Saudi Arabia’s Futuristic City? The Country Doesn’t Have Enough Money

The price tag for Saudi Arabia’s ambitious plans runs into the trillions of dollars if fully built, far more than the country ...

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NEOM, Saudi Arabia

Frustrated Saudi Arabia hold Australia 0-0 away

Saudi wealth fund PIF to sell further stake in STC

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