In 2025, global analysts have begun closely watching an emerging pattern: Saudi Arabia accumulating silver alongside gold. This isn’t just a diversification move. It’s a bold strategic shift with long-term financial, geopolitical, and industrial implications. While gold has always played a key role in the Saudi Gold Reserves Strategy, the new emphasis on silver suggests…
April 22, 2025April 22, 2025 India and Saudi Arabia are expected to sign at least six memoranda of understanding (MoUs) today during Prime Minister Narendra Modi’s visit to Jeddah. According to sources, additional agreements were still being finalised late Monday, with more than a dozen MoUs under discussion. Modi…
March 13, 2025March 13, 2025 Shares of Larsen and Toubro (L&T) were trading in the green and 1% higher on Thursday, 13 March, after the company’s water and wastewater treatment business joint venture got a “major” order to construct a desalination facility in Saudi Arabia. L&T classifies orders that…
January 23, 2025January 23, 2025 According to the state news agency SPA, Saudi Crown Prince Mohammed Bin Salman informed President Donald Trump about a plan to increase investments and trade with the US by $600 billion over the next four years, with potential for more…
September 27, 2024September 27, 2024 Brent crude approached the USD 71 per barrel mark and is down by more than 4% for the week, while West Texas Intermediate is trading above USD 67. According to the Financial Times, reports on Thursday indicated Saudi Arabia’s commitment to higher production. Oil…
The Saudi investment strategy has become a focal point of global economic discussions, sparking significant optimism. As the Kingdom shifts gears, focusing on domestic investments and fostering foreign direct investment, the ripple effects are evident. The Public Investment Fund (PIF), central to this strategy, has driven growth and diversification, aligning closely with the nation’s ambitious…
Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in the Middle East and enhancing financial inclusion. The investment is expected to improve economic conditions in countries like Kuwait, Bahrain,…
Get Email Alerts and Follow Us: The 50-year-old petrodollar agreement between Saudi Arabia and the United States has expired without renewal. Originally brokered in 1974 by Secretary of State Henry Kissinger to uphold the dominance of the US dollar in global trade after the end of the gold standard, this deal mandated that Saudi oil…
The Saudi Ministry of Media and Microsoft Arabia (NASDAQ: MSFT) has signed a memorandum of understanding (MoU) to explore a wholesale integration of artificial intelligence (AI) for local media in the Gulf state. The partnership will cover several areas in the media ecosystem, including television, radio, and print, to bring the industry to par with…