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Reuters reported last month that Saudi Aramco is seeking to complete talks with strategic investors in China, Japan, South Korea and elsewhere before deciding where to list shares in an initial public offering (IPO). Crown Prince Mohammed bin Salman has suggested Aramco could be valued at as much as $2…
According to an official statement by Saud al-Mojeb, Saudi Arabia’s attorney general, financial settlements worth over SAR 400 billion ($106.7 billion) were reached with princes, government officials and leading businessmen detained in the kingdom’s recent crackdown on corruption. Assets included real estate, companies, securities and cash. Reuters quoted Saudi officials…
A royal decree was signed in September 2017 allowing Saudi women to apply for driving licenses with immediate effect. A new report looks at how the decision is likely to impact the kingdom’s automotive market According to the report by PwC Middle East titled “Women driving the transformation of…
Last month, the “rich and famous” from around the world, many of them in their private jets, descended on the tiny Swiss village of Davos-Klosters (population 11,000) for the annual meeting of the World Economic Forum. The World Economic Forum (WEF) was set up in 1971 in Geneva by social…
LEADERS MENA MAY 2023