Saudi

Business

Saudi Arabia signals support for Russia’s role in Opec+ as sanctions pressure mounts

Saudi Arabia has signalled it will stand by Russia as a member of the Opec+ group of oil producers despite…

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Stock Market

Saudi Wealth Fund Takes $1.5 Billion Stake in Alwaleed’s Firm

(Bloomberg) — Saudi Arabia’s sovereign wealth fund has bought a $1.5 billion stake in the investment company of billionaire Prince…

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Business

EV maker Lucid to accelerate plans with its Saudi Arabia factory, its first outside the U.S.

U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. Javier…

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Auto

Lucid’s Saudi EV plant to receive $3.4 billion in incentives and financing

Lucid Group Inc. will receive as much as $3.4 billion in financing and incentives over the next 15 years for…

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Video Games

Nintendo is the latest target of Saudi Arabia’s gaming investment

Saudi Arabia now owns 5.01% of Nintendo, making it the Kyoto company’s fifth-largest shareholder, according to a Bloomberg report. The…

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Technology

Filing: Saudi Arabia's Public Investment Fund takes a ~5% stake in Nintendo, worth $2.98B; the PIF disclosed a 5% stake in Japan's Nexon and Capcom in February (Financial Times)

Financial Times: Filing: Saudi Arabia’s Public Investment Fund takes a ~5% stake in Nintendo, worth $2.98B; the PIF disclosed a…

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Health

Ministry of National Guard Health Affairs in Saudi Arabia receives Stage 7 INFRAM

 Ministry of National Guard Health Affairs – King Abdulaziz Medical City Riyadh in Saudi Arabia has been successfully validated at Stage…

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Entertainment

Saudi Aramco’s profits surge by 82% for first three months of year

Saudi Aramco’s profits surge by 82% as energy giant capitalises on soaring crude oil prices By Daily Mail City &…

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Business

Saudi oil giant Aramco’s first-quarter profits surge 80%

Oil giant Saudi Aramco says its profits soared more than 80% in the first three months of the year, as…

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Business

Saudi Aramco earnings surge 82 per cent in first quarter

Saudi Aramco has reported $39.5bn in earnings in the first quarter of 2022, up 82 per cent year on year…

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