Saudi Arabia has scaled back ambitions for its Neom gigaproject, amid rising costs, in order to prioritise completing elements that are essential to hosting global sporting events, sources have told ...

The price tag for Saudi Arabia’s ambitious plans runs into the trillions of dollars if fully built, far more than the country ...

Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritise completing elements essential to hosting ...

Crown Prince Mohammed bin Salman has poured hundreds of billions of dollars into development projects through the kingdom's ...

Neom's CEO exits amid misconduct allegations, raising concerns over project's future amidst leadership changes and financial ...

Low oil prices and production have hit Saudi coffers; long-time chief executive Nadhmi Al Nasr leaves due to his inability to ...

More from Deadline Neom CEO Nadhmi Al-Nasr Departs As Futuristic Megacity Project Resets Red Sea Film Festival Heads Jomana ...

A new tourist development has been announced for the Gulf of Aqaba, but it looks suspiciously like something out of the Lord ...

Two other sources familiar with the matter told Reuters that the departure of Nadhmi al-Nasr, the long-time chief executive, ...

Saudi Arabia's sovereign wealth fund PIF will sell 100 million shares in the country's telecom group STC at a price of 38.6 riyals ($10.27) apiece, state television reported on Thursday.

Saudi Arabia's sovereign wealth fund PIF has raised 3.86 billion riyals ($1.03 billion) from selling a 2% stake in ...