Middle-east Arab News Opinion | Asharq Al-awsat

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SoftBank Corp. Chief Executive and founder Masayoshi Son attends a press conference in June 2015. PHOTO: SHIZUO KAMBAYASHI/ASSOCIATED PRESS

Apple, Oracle to Invest in Softbank Vision Tech Fund

by Shuja Al-Baqmi | Jan 6, 2017 | Technology

Riyadh – ‘Softbank Vision’ Fund has opened new investment opportunities for giant tech companies, which would increase profitability levels and participate efficiently in one of the biggest investment funds. In this regard, Apple has confirmed on Wednesday its plans...

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Saudi King Salman (C) attends the inauguration ceremony of several energy projects in Ras Al Khair, Saudi Arabia, November 29, 2016. Saudi Press Agency/Handout via REUTERS

Saudi Arabia Reinforces Stage of Reducing Dependency on Oil via PIF

by Shuja Al-Baqmi | Dec 1, 2016 | Business

Riyadh- The approval granted by Custodian of the Two Holy Mosques King Salman bin Abdulaziz over allocating USD26.6 billion of reserves to the Public Investment Fund (PIF) has boosted the investment force of the fund. This will make the PIF one of the most influential...

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File photo of Mohamed Alabbar, chairman of Emaar Properties PJSC, speaking during opening the ”Erbil Downtown” project in Arbil, the capital of Iraq’s autonomous Kurdistan region, about 350 km north of Baghdad, October 27 2013. REUTERS/Azad Lashkari

Public Investment Fund to Invest in Kuwait Food Co. Americana

by Asharq Al-Awsat | Nov 29, 2016 | Business

Riyadh- Saudi Public Investment Fund (PIF) plans to buy a 50% stake in Adeptio AD Holdings SPC Ltd. from Emirati businessman Mohamed Alabbar. According to the PIF, Adeptio acquired earlier 67% of Kuwait Food Co (Americana). “Following the acquisition of this...

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Workers walk at the site of the under-construction Riyadh Metro
rail system in the Saudi capital Riyadh August 26, 2015.
REUTERS/Faisal Al Nasser

Saudi Arabia to Inaugurate Longest Rail Linking Riyadh with Cities on Northern Borders

by Obaid Al-Suhaymi | Oct 3, 2016 | Saudi Arabia

Dammam- The Saudi Railway Company (SAR) is close to inaugurating a train line for passengers that links Riyadh and the King Khalid International Airport with the northern borders of the country. The company inaugurated a trial trip between the capital and the city of...

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Saudi Deputy Crown Prince Mohammed bin Salman bin Abdulaziz al Saud

Saudis Looking Forward to “Vision 2030” Plan

by Ibrahim Abu Zayed | Apr 24, 2016 | Saudi Arabia

Riyadh-In an unprecedented event, Saudis are looking forward with much concern for Monday to come as Saudi Arabia will announce its “2030 Vision”. Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman, who is also Saudi Arabia’s defense minister and head of the...