Kathy Wylde seeks new role with Saudi Arabia’s sovereign wealth fund
Kathryn Wilde in Talks with Saudi Arabia’s Sovereign Wealth Fund Kathryn Wilde, a prominent figure in New York City’s business landscape, is reportedly in discussions to become a lobbyist and consultant for Saudi Arabia’s substantial sovereign wealth fund, according to a recent report. The 79-year-old has expressed interest in a position at the $1 trillion […]
Saudi Arabia’s sole liquor shop increases offerings for affluent foreigners
Recent reports suggest that the Saudi government has loosened restrictions on alcohol sales, which have been in place for decades, specifically for foreigners who can demonstrate a monthly income of at least $13,300. In Saudi Arabia, where Islam’s holiest sites are located, alcohol consumption has long been prohibited for religious reasons. The country has historically […]
Saudi Arabia’s First Quantum Computer: Is It Capable of Cracking Bitcoin?
Simply put Saudi Aramco has set up the first quantum computer in Saudi Arabia, developed by the French company Pascal. This 200-qubit machine signifies the kingdom’s entry into the quantum computing arena. Experts note that while today’s technology can’t break Bitcoin’s encryption, advancements are moving quickly. Saudi Arabia is now part of the global quantum […]
Saudi Arabia’s $1 trillion investment agreement with the US could take multiple years.
Saudi Arabia’s Investment Pledge: What It Means for the U.S. Saudi Arabia, known for its strategic investment agreements, has made a significant commitment this week. Crown Prince Mohammed bin Salman announced plans to invest $1 trillion from the oil-rich nation into the United States. President Trump interpreted this as a sign of his strong rapport […]
NEOM, Saudi Arabia’s Futuristic City, Appears to Be a Coming Catastrophe
NEOM: Challenges and Reality of Saudi Arabia’s Vision NEOM, envisioned as the flagship of Saudi Arabia’s efforts to diversify its economy, has seen significant setbacks eight years into its development. Financial Times recently labeled the project a “dream unsolved,” highlighting persistent cost overruns and construction challenges. Last week, it became evident that many elements of […]
Saudi Arabia’s ‘Sleeping Prince’ Passes Away at 36 After Two Decades in a Coma
Al Wald bin Khaled bin Talal bin Abdulaziz al Saud, often referred to as the “sleeping prince” of Saudi Arabia, died on Saturday at the age of 36 after spending two decades in a coma. He was born on April 18, 1989, and was in a coma since 2005 following a car accident in London […]
Reasons behind Saudi Arabia’s efforts to lower crude oil prices
Last month, a significant drop in Brent crude prices came after Saudi Arabia and other OPEC Plus members announced their first reductions in four years, marking the second consecutive year for this action. Many may interpret this as an effort to appease President Trump, who has emphasized the need for cheaper oil for his supporters. […]
How Saudi Arabia’s crown prince became a central player in US-brokered peace talks between Russia and Ukraine
Saudi Arabia emerged as a central player in pursuit of a US-brokered peace agreement between Russia and Ukraine. This is largely due to political capital exercised on its large oil reserves. President Donald Trump proposed it as a place for Riyadh to begin a face-to-face meeting between himself and Russian President Vladimir Putin. Putin agreed […]
Saudi Arabia’s Neom Megacity Construction Plagued by Gang Rape, Traffic Fatalities
Saudi Arabia's Neom project was intended to be a city of the future, the culmination of Crown Prince Mohammed bin Salman's Saudi Vision 2030 plan to diversify the national economy away from oil. a wall street journal exposed and revealed The futuristic city's construction site is plagued by complaints of gang rape, drinking, drugs, and […]
Saudi Arabia’s World Cup bid victory is a crushing defeat for migrant workers’ rights | Pete Pattisson
IIn the early morning hours of Saturday, November 30, FIFA issued a glowing review of Saudi Arabia's bid for the 2034 World Cup, giving it the highest score of all bid nations and declaring that the human rights risk remains “moderate.” At the same time, it quietly released a long-awaited report on whether migrant workers […]