Saudi Arabia cancels its planned futuristic city within a massive wall to transform it into this
Changes in Saudi Arabia’s Massive Project “The Line” Saudi Arabia’s ambitious initiative, “The Line,” might be shifting direction. It first came to light in 2021 when Crown Prince Mohammed bin Salman unveiled plans for this futuristic city—a vision many hoped for. Described as “car-free and road-free,” the city was supposed to allow residents to traverse […]
Saudi investors focus on Portugal
Saudi Entrepreneurs Eye Investment in Portugal Saudi Arabian business leaders are identifying investment prospects in Portugal’s housing and tourism sectors, with one president noting it’s “the best place to invest.” This sentiment was shared during discussions with the Saudi-Portuguese Business Council. “Many municipalities offer housing opportunities, and there’s a significant housing issue in Portugal. I […]
Saudi banks are borrowing from overseas at an unprecedented rate.
Saudi banks are currently restructuring their finances and seeking international loans at an unprecedented rate after years of robust economic growth in the kingdom. According to Fitch Ratings, it’s anticipated that these financial institutions will borrow around $33 billion in 2025, which is nearly three times the record $10.5 billion borrowed the previous year. “We […]
Saudi Arabia Executes an Unprecedented Number of Individuals in 2025
Recent reports from Saudi Arabia indicate that the country executed at least 356 individuals in 2025—marking the highest total in modern history and a notable rise from the previous record of 338 in 2024. Based on information from Agence France-Presse (AFP), it was found that around 243 of the executions were tied to drug offenses. […]
Saudi Arabia adjusts its foreign policy as Iran faces challenges from sanctions
Analysts suggest that a weakened Iran has led to a power vacuum in the Middle East, which Saudi Arabia is keen to fill by adjusting its relationships and pursuing a more independent foreign policy. Javed Ali, a former National Security Council official and Michigan University professor, noted how since Iran’s 1979 revolution, the two countries […]
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 will allow all foreign investors into its financial market.
Saudi Arabia Opens Capital Market to All Foreign Investors The Saudi Capital Market Authority (CMA) announced on Tuesday that, starting February 1, the Saudi capital market will be available to all types of foreign investors. This is a significant move, as it marks the first time that international investors can directly participate in the market, […]
Saudi Arabia Attacks UAE-Supported Separatists in Southeastern Yemen
On Friday, Saudi warplanes struck a stronghold of the Southern Transitional Council (STC), a Yemeni group that’s got backing from the United Arab Emirates (UAE), which is a nominal ally of Saudi Arabia. Yemen’s central government, supported by Saudi Arabia, has launched a ground operation aimed at forcing the STC out of the oil-rich Hadramout […]
Saudi Arabia carries out airstrike on Yemeni port city aimed at a shipment thought to be associated with UAE-backed separatists.
Saudi-UAE Relations Strain After Airstrike on Yemen The relationship between Saudi Arabia and the United Arab Emirates (UAE) has reached a new low after a recent Saudi airstrike targeted an arms shipment in Mukalla, Yemen. As of late afternoon Pacific Time, there were no reported casualties from the strike. The UAE accused Saudi Arabia of […]
Yemen Separatists Blame Saudi Arabia for Airstrikes
Yemen’s Southern Transitional Council Accuses Saudi Arabia of Airstrikes The Southern Transitional Council (STC), a separatist group in Yemen, accused Saudi Arabia on Friday of conducting airstrikes targeting its forces in Hadramout province. This province was recently taken over by the STC, which had previously been collaborating with Yemen’s internationally recognized government, the Presidential Leadership […]