Saudi Arabia
Saudis to unveil updated strategy for US$2 trillion economic plan
The kingdom has been running budget deficits since 2022
Singapore Airlines launching direct flights to Riyadh from June
This will be the group’s second destination in Saudi Arabia, complementing Scoot flights to Jeddah
Saudi Arabia’s pullback spreads, from Neom to World Cup stadiums
The kingdom has also raised billions of US dollars from bond sales in recent years
Saudi Arabia won’t allow airspace to be used for military action against Iran, crown prince says
A US aircraft carrier and supporting warships have arrived in the Middle East
Saudis weigh expanding premium residency net to lure ultra rich
This includes a move to open up applications to individuals with a net worth of close to US$30 million
Saudi Arabia, Olympic Council delay 2029 Asian Winter Games
The Gulf nation is due to host the World Expo in 2030 and the Fifa men’s World Cup in 2034
China is lending to the Gulf at record pace, tightening ties
Dim sum and panda bonds are both denominated in Chinese yuan
CapitaLand eyes Gulf region’s ‘deep, liquid pools of capital’, investments in logistics, hospitality
Real asset manager intends to grow its presence and engage investors in the region, as the oil-producing nations reinvent themselves
Lucid set to start manufacturing cars in Saudi Arabia in 2026
The company has also struggled more broadly with profitability and production challenges
Trump firm sharpens Saudi property focus as prince opens market
Regulators are also opening the country stock market to all investors and have further eased rules around alcohol consumption
