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President Donald Trump has not been subtle about how badly he wants to see Saudi Arabia and Israel normalize relations. He has talked up his push to extend his first term Abraham Accords — the project that formalized commercial and diplomatic ties between Israel and a trio of Arab nations — as key to his plan for bringing … Read more
It’s not an official state visit, but the White House is preparing to host Saudi Crown Prince Mohammed bin Salman next week with the pomp and circumstance that is typical of one. The crown prince’s day at the White House next Tuesday will begin with an arrival ceremony on the sweeping South Lawn and a … Read more
Saudi Arabia will capitalize on its abundant supply of cheap natural gas and renewables to transform the kingdom into a global leader in artificial intelligence, Aramco CEO Amin Nasser told CNBC in an interview. Aramco, the world’s largest oil company, disclosed in late October that it plans acquire a significant minority stake in the new … Read more
Digital render of NEOM’s The Line project in Saudi Arabia The Line, NEOM When Saudi Arabia first announced plans to reinvent its oil-based economy, huge infrastructure projects like the futuristic region NEOM and smart city The Line were championed as central to the transformation. Almost a decade on from the launch of its “Vision 2030” … Read more
The global energy transition continues to press forward, but tariff wars and the rising politicization of renewable power is hurting the growth of clean, accessible electricity worldwide, said the founder and chairman of Saudi Arabia’s ACWA Power. Speaking at the Fortune Global Forum in Riyadh, ACWA chairman Mohammad Abunayyan and others discussed the global need … Read more
President and CEO of Saudi’s Aramco, Amin H. Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024. Hamad I Mohammed | Reuters Think of Saudi Arabia and the first thing that comes to mind might be its massive, oil-derived wealth. While oil continues to drive Saudi Arabia’s economy, the … Read more
Saudi Arabia is primed to become a hotspot for artificial intelligence infrastructure thanks to its surplus in energy, according to Groq CEO Jonathan Ross. The Middle Eastern country is known for its vast energy resources and that’s leading major technology firms to announce infrastructure deals in the region. It is also part of the kingdom’s … Read more
Good morning from Riyadh, where we are hosting the Fortune Global Forum. We’ve had some fascinating conversations about the business implications of the convergence of technology, geopolitics, demographics and more. AI was top of mind, from Google President Ruth Porat’s predictions about curing cancer to influencer Jordi van den Bussche’s business that’s built on creating … Read more
Barclays Plc is returning to Saudi Arabia after an 11-year absence, marking both a strategic expansion for the British lender and a symbolic validation of Riyadh’s growing status as the Middle East’s corporate command hub. The move, first reported by Bloomberg, comes as the kingdom accelerates efforts under the country’s Vision 2030 plan to diversify its … Read more
The way Saudi entrepreneur Mohammed Aldossary sees it, innovators are animated by the same motivations whether they are in Silicon Valley, the Arabian peninsula or in South Asia: they want to solve vexing problems at scale. “What excites talent, what excites the community is to go build around those needs,” Aldorassy told the Fortune Global … Read more
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