April 23, 2024
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Investment

Saudi Arabia Highlights Investment Initiatives in Tourism at International Hospitality Investment Forum​

  • April 17, 2024

Mr. Mahmoud Abdullhadi, Deputy Minister of Destinations Enablement. (Photo: AETOSWire) RIYADH, Saudi Arabia, April 17, 2024–(BUSINESS WIRE)–​The Saudi Ministry of Tourism is currently taking a prominent stage at the International Hospitality Investment Forum (IHIF), presenting a unique opportunity for global investors to dive into the thriving tourism landscape of the Kingdom. With the spotlight on

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Investment

How AI Investments Could Change the Middle East

  • March 26, 2024

Saudi Arabia’s reported $40 billion artificial intelligence (AI) investment fund represents a leap to redefine the Middle East’s role in the global technology landscape.  The fund is part of a trend of Middle Eastern countries scrambling to position themselves as leaders in the global AI race. The vast investments underscore AI’s potential to reshape industries

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Investors

FTX’s Stake in Anthropic Draws Sovereign Wealth Fund Investors

  • March 25, 2024

Investors are reportedly lining up to purchase FTX’s stake in artificial intelligence (AI) company Anthropic. But as CNBC reported Friday (March 22), sources say that while the company has received interest from sovereign wealth funds, it ruled out taking money from Saudi Arabia due to national security concerns. The shares in Anthropic are being sold as part of FTX’s

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Saudi Arabia and Gulf States invest in Iraq
Investment

Saudi Arabia and Gulf States invest in Iraq

  • February 28, 2024

Two decades after the fall of Saddam Hussein’s regime in Iraq, the country is now, for the first time, attracting investments from Gulf Cooperation Council countries, including from Saudi Arabia. This is a milestone given past major differences between them over Iraq’s relationship with Iran. For more stories from The Media Line go to

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Investment

Shaping The Future Of AI At FII Miami Summit

  • February 26, 2024

H.E. Yasir al-Rumayyan, Governor Public Investment Fund (PIF) FII Priority Miami 2024 Summit under the theme, “On the Edge of a New Frontier“ with Global Leaders Discussing Humanity’s biggest challenges Future Investment Initiative Institute – FII Institute- FII Priority Miami 2024 Summit Stepping into Miami Beach’s vibrant atmosphere, I felt a sudden rush of excitement

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Investment

New Saudi investment firm teams up with SoftBank and Chinese Dahua Technology

  • February 22, 2024

Saudi Arabia’s new investment firm Alat announced four partnerships with global companies as the country makes efforts to turn into a technology manufacturing hub. ADVERTISEMENT Saudi Arabia’s new $100 billion investment firm Alat has announced a series of deals with global heavy-weight tech companies, including SoftBank Group and a Chinese surveillance equipment maker Dahua Technology.  Alat, a

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Investment

Senate panel warns legal play by Saudi investment fund could erode investigative power

  • February 6, 2024

A Senate subcommittee grilled executives from Boston Consulting Group, McKinsey & Company, M. Klein & Company and Teneo Tuesday on their company’s compliance with congressional subpoenas related to their work with Saudi Arabia’s Public Investment Fund (PIF). The PIF filed lawsuits in Saudi Arabia against each of the four U.S.-based contractors last fall in what

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Funds

Saudi investment fund fights Senate subcommittee subpoena 

  • January 30, 2024

The Saudi Arabian Public Investment Fund (PIF) urged the leaders of a Senate subcommittee to back off on subpoenas issued to four of its U.S.-based consultants, according to a new letter disclosed Tuesday by the Senate Permanent Subcommittee on Investigations.  The letter, dated Jan. 12, was included as an attachment to a Monday letter from subcommittee

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Investment

PGA Tour investment may receive outside investment next week

  • January 27, 2024

The future of professional golf remains uncertain, but according to a report, answers could be around the corner. The Strategic Sports Group (SSG), an outside investment group headlined by Fenway Sports Group and comprised of several high-level U.S.-based sports owners, may begin its investment in the PGA Tour as early as next week, according to

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Finance

Asian Financial Forum: Hong Kong and Saudi Arabia agree to deepen collaboration between their financial markets on first day of annual event’s 17th edition

  • January 24, 2024

“This collaboration marks a significant stride in solidifying Hong Kong’s position as a leading international financial centre,” Laurence Li, the FSDC’s chairman, said during the opening ceremony of AFF. The two-day conference, which brings together hundreds of leaders from the government, finance and business communities, kicked off at the Hong Kong Convention and Exhibition Centre.

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