Around 11,000 factories nationwide are now classified as "distressed". Their survival hinges on swift and targeted intervention, which the government is attempting to do.
A major global conference in Saudi Arabia shifts the focus of investment and expenditure to programmes and policies with a human-centred impact, not least in healthcare and education
Just weeks after Donald Trump's televised table-thumping over one of the world's most famous canals, the world's biggest asset manager emerged as a buyer for its strategic ports
Another deficit is likely, but it will be in line with EU standards, say Saudi ministers keen to keep investing in the Kingdom's economic diversification away from oil and towards Vision 2030
New investments from the sovereign wealth fund and bilateral trade of $33bn means these two pivotal Arab states can continue enjoying mutually beneficial ties
Once a colonialist's playground, the world's second largest continent has a newfound confidence in its worth. This could well be Africa's century. Who it chooses to partner will be important.
In a wide-ranging interview with Al Majalla, Michael Mainelli discusses Saudi-UK ties, investments in AI and renewable energy and describes Saudi Vision 2030 as 'amazing and ambitious'
Cairo and Abu Dhabi shook hands on a huge development project on Egypt's north coast, giving it a much-needed cash injection. But is Egypt selling the family silver in desperation?
As the world moves away from oil, the region must move its national economies into a new era. But for most states, their starting position is far from ideal. Where and how should they change?
Washington has finally woken up to the importance of developing this vital region, with Nigeria showing the greatest investment potential — in the trillions.
Trump elevates Saudi Arabia to 'major non-NATO ally' status, just hours after the Saudi crown prince announced he would increase his investments in the US to nearly $1tn.
Since Trump began lifting sanctions in May, no time has been wasted. US investment delegations have been flocking to Damascus, and security cooperation has already started.
The Saudi-US alliance is entering a new phase—one characterised by maturity, equilibrium, and a shared vision attuned to a world increasingly shaped by technology
The olive tree is no longer just a source of sustenance for West Bank Palestinians, but a silent witness to their profound struggle between permanence and erasure