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2 mins read

Reliance gets $1.5 billion from Saudi for Jio even as the $15 billion Aramco deal waits in the wings

“We believe that the potential of the Indian digital economy is very exciting and that…

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2 mins read

Saudi-backed $2 billion health firm Babylon is selling its Canada operations as part of a $70 million licensing deal

Babylon originally partnered with Telus in 2019 to offer virtual appointments with doctors via its …

Shona Ghosh   


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2 mins read

Saudi Arabia's sovereign wealth fund has made a fortune on Lucid Motors — but missed out on another windfall by selling Tesla stock

The country's Public Investment Fund owns Lucid stock worth $46 billion, but dumped Tesla stock tha…

Theron Mohamed   


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4 mins read

Mukesh Ambani cashes in yet another cheque from PIF — Saudi Arabia’s sovereign fund to invest $1.3 billion in Reliance Retail

Reliance Retail has raised $1.3 billion from Saudi Arabia’s sovereign fund – Public Investment Fund…

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3 mins read

Saudi wealth fund PIF buys 2.32% stake in Jio Platforms for Rs 11,367 cr

Yasir Al-Rumayyan, Governor of PIF, commented: "We are delighted to be investing in an innovative …

PTI   


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A member of the PGA board responsible for approving LIV deal resigns after concerns over Saudi Arabia's role in Jamal Khashoggi's death, report says

Randall Stephenson resigned from PGA Tour's policy board, which consists of 10 people and is respon…

Lloyd Lee   


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Mukesh Ambani beats Warren Buffett on the list of billionaires

Ambani’s latest deal with petroleum giant BP of $1 billion has given him the latest jump in rank…

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Reliance Jio gets ₹1894.5 crore from Intel Capital – the 12th investment in 11 weeks

Reliance Jio has announced its 12th investment – ₹1894.5 crore ($253.5 million) from Intel Capital …

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3 mins read

As Trump deals with the hangover of his presidency, Jared Kushner is striking out alone, touring the Middle East and soliciting funds for his new PE firm

Jared Kushner is soliciting funds for his new private equity firm and making use of the links he fo…

Bill Bostock   


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2 mins read

Reliance to spin off its Oil-to-Chemicals business for new partnerships – Mukesh Ambani says Saudi Aramco deal is still in the works

Reliance chairman Mukesh Ambani said that Reliance will spin off its Oil-to-Chemicals business, mak…

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2 mins read

Saudi Arabia is pulling back on a global spending spree to focus on its own projects

Saudi Arabia's Public Investment Fund chief said the kingdom is changing its relationship with fore…

Polly Thompson   


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5 mins read

Saudi Arabia is on a high-stakes mission to buy the world

The Kingdom's sovereign wealth fund has risen in prominence as it has invested in everything from U…

Hasan Chowdhury   


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3 mins read

Saudi Arabia just stepped up plans to court the world's AI leaders to its desert kingdom

The Middle East kingdom is betting big on AI as it races against the clock to diversify its economy…

Hasan Chowdhury   


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2 mins read

Saudi Arabia's futuristic $500 billion Neom megacity just got a lot smaller ... for now, report says

The Neom megacity is part of Saudi Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify…

Nathan Rennolds   


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3 mins read

The wildest demand Saudi Arabia made as part of its potential investment (takeover?) in the PGA Tour: get LIV Golf's Saudi boss a Masters green jacket

Congress grilled the PGA Tour about its bid to join forces with LIV Golf and accept Saudi Arabian i…

Cork Gaines   


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3 mins read

The global golf megamerger looks even more confounding after a 3-hour grilling in front of Congress

Big questions remain, especially as to why the PGA Tour took the Saudi money without looking elsewh…

Cork Gaines   


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2 mins read

PGA Tour once called LIV Golf a vehicle to 'sportswash Saudi atrocities.' It seems not to matter now they're merging.

Saudi Arabia invested in billions in sports including golf, which its critics say is an attempt to …

Tom Porter   


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2 mins read

Elon Musk's lawyers subpoena head of Saudi Arabia's $620 billion wealth fund for Tesla 'funding secured' tweets case

Text messages disclosed in April showed Musk raging at Yasir Al-Rumayyan for not supporting his eff…

George Glover   


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1 min read

Boeing and Airbus facing off to win 80-aircraft order for new Saudi airline, report says

Saudia Arabia is launching a national airline and negotiating with Boeing and Airbus for 80 new pla…

Stephen Jones   


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2 mins read

Elon Musk accuses a major Saudi investor of 'ass-covering' in a trial over his 'funding secured' Tesla tweet

Elon Musk testified for a second day in a shareholder trial, blaming Saudi investor Yasir Al-Rumayy…

Sindhu Sundar,Grace Kay,Saman…