Saudi Fund Injects $3.5 Billion into Uber

Saudi Arabian Public Investment Fund (PIF,) the oil-rich kingdom’s long-term sovereign investment arm, has pumped $3.5 billion into Uber and will henceforth occupy a seat as a member of the Board of Directors. The amount is the highest solitary amount Read more

GCC-Russia Cooperating against Regional Challenges

A meeting between Russian Foreign Minister Sergei Lavorv and the President of the Gulf Cooperation Council (GCC) Adel Al-Jubeir, Saudi Arabia’s foreign affairs minister, focused on various topical regional issues, mainly in the Middle East and North Africa, and discussed Read more