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June 19, 2026

Saudi Wealth Fund Commits More Investment to Europe

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PIF targets additional €10 billion investment by 2030 Saudi Arabia’s Public Investment Fund (PIF) announced plans to invest an additional €10.4 billion in Europe by 2030 despite concerns about regulatory challenges. PIF Governor Yasir Al-Rumayyan stated that the fund remains committed to international investments while continuing to support Saudi Arabia’s domestic mega-projects, including preparations for […]

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UAE Expected to Recover Fastest Among Gulf Economies

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Diversified infrastructure supports economic resilience A new economic assessment suggests the UAE and Saudi Arabia are positioned to recover faster than other regional economies due to diversified export routes, advanced infrastructure, and flexible logistics networks. Analysts highlight the UAE’s ports, airports, and alternative energy export routes as major strengths supporting long-term economic growth and investment

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Saudi Aramco Considers Expanding Global Oil Storage Network

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Energy giant strengthens supply-chain resilience Saudi Aramco is evaluating plans to expand its global oil storage capacity following disruptions experienced during recent regional conflicts. Company Chairman Yasir Al-Rumayyan stated that expanding strategic storage facilities in key international markets could improve supply security and ensure stable energy exports. The initiative reflects Aramco’s long-term focus on global

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Saudi Tourism Reports Temporary Slowdown Amid Regional Conflict

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Religious tourism continues supporting sector growth Saudi Arabia’s Tourism Minister Ahmed Al-Khateeb revealed that tourism activity declined by approximately 5–6% during the first five months of 2026 due to regional geopolitical tensions. Despite the slowdown, religious tourism remains strong, with millions of pilgrims continuing to visit Makkah and Madinah for Umrah and Hajj. Officials remain

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Saudi Arabia Moves to Revive NEOM’s Sindalah Island Project

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Red Sea Global takes control of troubled luxury destination Saudi Arabia’s state-backed developer Red Sea Global is set to take over operations of Sindalah Island, one of NEOM’s flagship luxury tourism projects. The move aims to revive the high-profile destination after construction and operational challenges delayed its full launch. Officials say the project remains important

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