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After a change in the law that says foreign firms must open headquarters in the Saudi capital, the Gulf nation is preparing to take on Dubai.

Saudi Arabia announced plans for $3.2 trillion in investments by 2030 to boost the private sector and diversify its oil-reliant economy.

MbS launches company to develop Saudi mountain resort

The New Arab Staff

MbS launches company to develop Saudi mountain resort

Souda Development Company will invest $3 billion into a tourism project which includes 2,700 hotel rooms, 1,300 residential units, 30 attractions.

Hamas official demands details of Egypt-PA gas deal

The New Arab Staff

Hamas official demands details of Egypt-PA gas deal

Mousa Abu Marzouk said that Gazans 'should not stand by and watch as our natural resources go away' after the Palestinian Authority and Egypt ...

Ronaldo rejects offer to become face of Saudi tourism

The New Arab Staff

Ronaldo rejects offer to become face of Saudi tourism

In another attempt to use elite sports to promote its image globally, Saudi Arabia offered footballing start Cristiano Ronaldo £5.3 million to ...

The New Arab Staff

Saudi Arabia reshuffles $360 billion sovereign wealth fund's management

Riyadh's reshuffle at the PIF comes as the $360 billion fund looks set to dramatically increase domestic spending.

The New Arab Staff

Saudi Arabia could buy stake in UAE supermarket chain

Lulu is one of the biggest supermarket chains in the Gulf region.

The New Arab Staff & Agencies

Premier League denies Newcastle's claim Saudi-led takeover was rejected

Newcastle United had said the English Premier League leadership had rejected a Saudi bid to take over the club, but the league says it could ...

The New Arab Staff & Agencies

Saudi-backed bid for Newcastle United withdrawn: reports

The controversial £300 million buy-out bid had been the subject of intense speculation since its announcement in 2019.

Saudi Arabia permanently terminates licence for Qatar's beIN Sports

The New Arab Staff

Saudi Arabia permanently terminates licence for Qatar's beIN Sports

Saudi Arabia has permanently terminated the license of Qatari broadcaster beIN Sports.

The New Arab Staff

UK parliament questions Saudi Arabia's Newcastle United takeover bid

A decision on Saudi Arabia's bid to buy English football club Newcastle United could be decided soon.

Saudi spends $1.7 million on NEOM megacity PR plan

Gaia Caramazza

Saudi spends $1.7 million on NEOM megacity PR plan

Saudi Arabia has invested heavily in the NEOM project.

Family of slain Saudi activist slam NEOM 'compensation plan'

Gasia Ohanes

Family of slain Saudi activist slam NEOM 'compensation plan'

Saudi Arabia has been accused of offering NEOM compensation money 'under threats' to members of the Huwaiti tribe who were evicted to make way ...

Inside Saudi Arabia's controversial Newcastle takeover bid

Stasa Salacanin

Inside Saudi Arabia's controversial Newcastle takeover bid

A poor human rights record, broadcast piracy and the murder of Jamal Khashoggi are casting a shadow over the Saudi-funded takeover.

Saudi wealth fund 'shopping spree' disguises economic pain

The New Arab Staff & Agencies

Saudi wealth fund 'shopping spree' disguises economic pain

Amid its worst economic crisis in decades, the seemingly contradictory state policy to splurge billions on overseas assets is raising eyebrows.

Courtney Freer

Stalled Newcastle bid exposes limits of Saudi money

Comment: The WTO's objection to Mohammed bin Salman's Newcastle United deal won't fix Saudi Arabia's human rights record, but it's a step in the right direction, writes Courtney Freer.

The New Arab

Saudi plans Premier League broadcasting bid amid Newcastle controversy

Saudi Arabia is planning to bid for the rights to broadcast Premier League matches as its Newcastle United takeover bid falters over previous ...

The New Arab

WTO investigation 'finds Saudi responsible' for pirate TV channel

Newcastle's £300m takeover is in serious doubt after the World Trade Organisation ruled that Saudi Arabia is behind pirate TV station beoutQ.

The New Arab

Saudi Arabia enters whole new world with Disney shares

Saudi Arabia's Public Investment Fund (PIF) disclosed some $10 billion worth of investments into US corporations on Friday, Reuters ...

EPL's concerns over Saudi piracy loom over Newcastle takeover

The New Arab & agencies

EPL's concerns over Saudi piracy loom over Newcastle takeover

The American government confirmed on Wednesday in its annual report on "notorious markets for counterfeiting and piracy" that Saudi Arabia would ...

The New Arab

The Middle East at war with coronavirus: Top stories

Turkey's coronavirus cases are beginning to decline and Algeria continues to crackdown on free speech amid strict pandemic measures are some of ...

Khashoggi fiancee slams Saudi takeover of Newcastle United

The New Arab

Khashoggi fiancee slams Saudi takeover of Newcastle United

Jamal Khashoggi's fiancee Hatice Cengiz said the Saudi acquisition of Newcastle United would make English football complicit in the journalist's ...

Saudi Arabia buys $500 million stake in Live Nation

The New Arab

Saudi Arabia buys $500 million stake in Live Nation

Saudi Arabia's sovereign wealth fund bought a $500 million stake in entertainment giant Live Nation, as the company struggles with ...

Amnesty complains to Premier League about MbS Newcastle bid

The New Arab & agencies

Amnesty complains to Premier League about MbS Newcastle bid

The Human rights group has expressed grave concerns over Saudi Arabia's potential purchase of Newcastle, given the country's history.

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