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Saudi offers 60% rebate on production costs to attract global film and TV
Plus: Filmmakers said earlier incentives were too complicated to navigate
Tale of two funds: PIF trims US equities as Mubadala ramps up
The PIF trimmed its US equity holdings to a five-year low of USD 12 bn, while Mubadala boosted its portfolio…
US-Saudi Business Council has a new board of directors
Olayan Group’s Lubna Olayan and Citi CEO Jane Fraser will co-chair the board
Saudi sukuk are going from a local asset class to global benchmarks
Even as regional tensions could spur risk-off sentiments for emerging markets, Saudi Arabia is seen as a safe bet —…
Indian banks halt new GCC lending over worries of extended regional instability
While Gulf capital continues to flow into Indian assets, Indian lenders SBI and PNB are pulling back
Aramco’s net income posts 25% y-o-y growth in 1Q despite Hormuz disruptions
Higher oil prices outweighed any losses in export volumes
The decoupling of revenue and headcount: What India’s export-oriented IT headcount slump means for MENA
Decision-makers in Egypt, Morocco, and Jordan think they can climb the value chain to stay ahead of AI, but the…
Higher defense + subsidy spending pushed Saudi Arabia’s widening 1Q 2026 budget deficit
The PIF followed the release of the deficit data with a new USD 7 bn bond
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