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

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

Saudi Arabia pushes companies to move headquarters to kingdom

The New Arab Staff & Agencies

Saudi Arabia pushes companies to move headquarters to kingdom

Saudi Arabia will stop doing business with foreign companies with regional headquarters outside the kingdom starting in 2024, state media said.

Saudi ex-spymaster files new assassination complaint against MbS

The New Arab Staff

Saudi ex-spymaster files new assassination complaint against MbS

The exiled former Saudi intelligence official accused the crown prince of trying to lure his daughter to the Saudi consulate in Istanbul, days ...

Saudi firms sue former spymaster, allege $3 bn fraud

The New Arab Staff & Agencies

Saudi firms sue former spymaster, allege $3 bn fraud

Saudi state-owned companies have sued the country's former intelligence czar in a Canadian court.

The New Arab Staff

Qatar sports broadcaster beIN denies changes in Saudi services

Subscribers of Qatar's sports broadcaster beIN have reported an alleged resumption of services in Saudi Arabia after a three-year ban.

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

Egypt secures 25 million doses of Russian coronavirus vaccine

Russia has clinched a deal that could supply Covid-19 vaccines for around a quarter of Egypt's population.

Tony Blair 'played key role in UAE-Israel normalisation'

The New Arab Staff

Tony Blair 'played key role in UAE-Israel normalisation'

The former UK prime minister was instrumental in paving the way for UAE-Israel normalisation, according to media reports.

The New Arab Staff & Agencies

Putin, Saudi king discuss joint vaccine production: Kremlin

Putin and Salman discussed t production of a vaccine that was developed by Russia,

Kuwait running out of cash to pay government workers

The New Arab Staff & Agencies

Kuwait running out of cash to pay government workers

Kuwaiti lawmakers have stalled annual payments to a sovereign wealth fund as the cash-strapped Gulf state assesses ...

Saudi Arabia seeks to tame powerful cyber armies

The New Arab Staff & Agencies

Saudi Arabia seeks to tame powerful cyber armies

Saudi Arabia is concerned about the level of hyper-nationalism present online - and the use of royal family images.

Kuwaiti social media influencers under investigation for 'money laundering'

The New Arab Staff

Kuwaiti social media influencers under investigation for 'money laundering'

Fouz Al Fahad, Farah Al Hady and other high-profile personalities have had their assets frozen and are banned from travelling outside Kuwait ...

Saudi-backed bid for Newcastle United withdrawn: reports

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.

The New Arab Staff & Agencies

Malaysia in $3.9 bn settlement with Goldman over 1MDB

Goldman's role came under scrutiny over bond issues totalling $6.5 billion it helped arranged for the fund.

The New Arab Staff

Kuwait investigates five social media influencers for 'money laundering'

Kuwaiti authorities will reportedly issue summons warrants against the influencers after intelligence is gathered.

The New Arab Staff

Saudi Arabia's MbS demands $15 billion from jailed prince

Saudi prince Mohammed bin Nayef, jailed earlier this year, is facing major corruption charges.

The New Arab Staff & Agencies

Premier League still mulling Saudi-led bid for Newcastle

The Premier League has not yet approved Saudi Arabia's takeover of Newcastle football team.

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.

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.

Alaska man 'laundered nearly $1B for Iran through UAE'

The New Arab & agencies

Alaska man 'laundered nearly $1B for Iran through UAE'

Newly-released court documents raise renewed questions about financial transparency in the United Arab Emirates.

Saudi foreign reserves continue to decline

The New Arab

Saudi foreign reserves continue to decline

Saudi's foreign reserves fell for a second month, totalling up to a $48 billion decline in March and April.

Stalled Newcastle bid exposes limits of Saudi money

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 ...

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