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Saudi Arabia, on Sweden Island, in Dubai

SWEDEN ISLAND, THE WORLD, Dubai: Billionaire investors from Saudi Arabia are reportedly snapping up a slice of Europe — minutes from Dubai’s coast —...

Saudi invests $2bn in Tesla as founder Elon Musk mulls taking...

Elon Musk said he’s considering taking Tesla Inc. private in a radical step that, if successful, would ease pressure on the money-losing automaker. Elon Musk ✔@elonmusk Am...

KSA to transform mass transit with autonomous trains

When Saudi Arabia’s residents imagine the transportation of tomorrow, the popular image is of autonomous cars plowing Riyadh’s King Abdullah Road, carrying workers, university...

Will Saudi Arabia trump $500bn Neom at second FII event?

The second Future Investment Initiative (FII) will take place in Riyadh in October, following the success of the inaugural event which saw the launch...

UAE, Saudi shoppers eyeing more savings, becoming less brand loyal

Gulf shoppers are becoming more cost-conscious, less brand-loyal and rapidly shifting purchasing behaviours, according to a new survey. The 2018 Middle East Sentiment Survey by...

Saudi Crown Prince gets royal welcome in Britain

LONDON — Britain and Saudi Arabia set out an ambition to build £65 billion ($90.29 billion) of trade and investment ties in coming years, London...

Careem set to raise fares in Saudi Arabia

Upcoming fare hikes by ride-hailing app Careem in Saudi Arabia are a response to financial pressures on their drivers and increased operating costs including...

Saudi Arabia to raise $9.35bn from VAT in 2018 – official

Saudi Arabia expects to raise SR 35 billion ($9.35 billion) in revenue from the implementation of value-added tax (VAT) in 2018, according to Hamoud...

Now women to drive trucks, bikes in Saudi Arabia

After allowing women to drive, Saudi Arabia has now permitted females to drive trucks and ride bikes. The announcement was made by the Saudi General...

After Dubai, flying taxis in Saudi Arabia?

A Chinese start-up EHang Inc. has big ambitions. The company has developed a flying car which can currently carry one passenger in its cockpit,...

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