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.

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.

Hours after the US and Iran agreed to a two-week ceasefire, an executive from an Abu Dhabi fund booked the first flight back to the Emirati capital, while another said they plan to return over the weekend.

The top official at Saudi Arabia’s wealth fund said it remains committed to investments around the world despite growing concerns over the mounting economic costs of the war.

Many top Wall Street banks are allowing staff in the United Arab Emirates to temporarily leave the country and work remotely as attacks on the Gulf nation continue.

Three facilities have suffered damage in drone strikes, and analysts say such installations are increasingly at risk.

Saudi Arabia’s wealth fund has asked a top executive charged with helping drive local development to also oversee its investment strategy, a move that hints at a further pivot towards the domestic economy.

Saudi Arabian artificial intelligence company Humain has invested $3 billion into Elon Musk’s xAI, deepening ties between the world’s richest man and the kingdom as it pushes to become a global AI powerhouse.

Saudi Arabia has appointed Fahad Al-Saif as its new investment minister, putting an official from the kingdom’s sovereign wealth fund at the helm of the entity tasked with drawing more capital to the country.

PwC executives have asked teams to resume pitching for work with Saudi Arabia’s wealth fund, according to people familiar with matter, as the one-year ban on the consulting firm in an important market comes to an end.

The outlook for initial public offerings is getting better in Gulf markets, according to Investcorp’s Executive Chairman Mohammed Alardhi.

The United Arab Emirates’ largest weapons manufacturer says developing an air-defense system is its top priority, underscoring the Gulf nation’s growing worries of drone attacks.