Saudi Arabia’s sovereign wealth fund has raised loans equivalent to around $3 billion that will be guaranteed by the Italian insurer and export credit agency Sace, as ties between the two countries and their companies continue to deepen.

Oman, a Middle Eastern sultanate that rarely draws much attention, is scoring billions of dollars in economic growth and emerging as a big regional winner from the Iran war.

Soon after Houthi attacks forced Saudi Arabia to shutter its capital’s main airport, one consultant drove for hours to get to Riyadh from Oman. The executive left two weeks later and plans to return soon, this time via Doha, betting that showing up will offer an edge over rivals who’re staying away.

OpenAI signed deals to deploy its technology across energy companies, investment firms and government agencies in the United Arab Emirates, deepening ties as it seeks billions of dollars in funding from the country’s state-backed investors.

Saudi Arabia’s nearly trillion-dollar wealth fund, one the world’s biggest sovereign investors, is considering increasing its allocation to fixed income assets and award a mandate to Pacific Investment Management Co.

Anthropic PBC uncovered a group in northern Yemen — where Iran-backed Houthi militants operate — using its Claude AI model to support the development of missile and rocket systems, highlighting growing concerns over the use of advanced AI in military programs and by non-state actors.

The Persian Gulf’s richest states are pushing forward with plans for a massive build-out of artificial intelligence infrastructure, even though data centers have become repeated targets in the US war with Iran.

Crown Prince Mohammed bin Salman’s recent trip to Paris showed glimpses of the depth of the French-Saudi relationship. He was spotted with Emmanuel Macron at the Esports World Cup, which was moved out of Riyadh due to the Iran war, and the two unveiled deals spanning everything from technology and defense to a €6 billion theme park.

Crown Prince Mohammed bin Salman’s recent trip to Paris showed glimpses of the depth of the French-Saudi relationship. He was spotted with Emmanuel Macron at the Esports World Cup, which was moved out of Riyadh due to the Iran war, and the two unveiled deals spanning everything from technology and defense to a €6 billion theme park.

Artificial intelligence firm Humain is planning to raise an initial $2.5 billion from global and domestic investors for a fund to invest in data centers in Saudi Arabia, according to people familiar with the matter.

Saudi Arabia’s Humain is partnering with Applied Intuition Inc. to deploy self-driving trucks by 2030, as the kingdom’s leading artificial intelligence firm looks to find practical uses for the technology that align with national priorities.

BNP Paribas SA has secured a regional headquarters license in Saudi Arabia, boosting its presence in the kingdom as ties between Riyadh and Paris deepen.

Leadership changes at Saudi Arabia’s capital markets regulator have revived investor and banker hopes for further liberalization, including a much-awaited easing of foreign-ownership limits that could attract billions to the kingdom’s equity markets.

Saudi Arabian Energy Minister Prince Abdulaziz bin Salman was appointed minister of industry and mineral resources in addition to his current post, signaling an expanded role for the royal and closer integration of the two sectors.

Saudi Arabian Energy Minister Prince Abdulaziz bin Salman was appointed minister of industry and mineral resources in addition to his current post, signaling an expanded role for the royal and closer integration of the two sectors.

In the wake of the 12-day US-Israel and Iran war a year ago, Siemens Energy AG sent a person driving from Saudi Arabia’s Red Sea port of Jeddah across the Arabian peninsula to the industrial hub of Dammam to study an alternative route in case the crucial Strait of Hormuz was shut down.

A postponed initial public offering in Saudi Arabia is the latest setback for a stock market that’s trailing global peers for the fourth year in a row.

A Qatari conglomerate that’s part of the billionaire Al-Khayyat family’s empire is working with Rothschild & Co. on a potential initial public offering of its healthcare unit, according to people familiar with the matter, in what could be a rare listing on one of the Middle East’s quieter exchanges.

A raft of companies across sectors are pressing on with plans to list in Saudi Arabia, bolstered by gains in the benchmark since the regional war began.

Saudi Arabia’s sovereign wealth fund will step up efforts to boost returns and build portfolio companies into global champions as the kingdom contends with the economic costs of the Iran war.