Saudi PIF and Jared Kushner Near to Take Over Electronic Arts
A Saudi-led consortium involving Jared Kushner's investment company is expected to secure European Union approval for its $55 billion acquisition of Electronic Arts.
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A Saudi-led consortium involving Jared Kushner's investment company is expected to secure European Union approval for its $55 billion acquisition of Electronic Arts.
A planned railway linking Saudi Arabia to Turkey through Jordan and Syria dreams of turning old war zones into trade corridors and giving the Gulf a new overland path to Europe.
Saudi Arabia’s Public Investment Fund is replacing foreign executives with Saudi nationals across several portfolio companies, signaling a new phase in which Vision 2030 projects will be judged by financial returns.
The Line, futuristic city project that functioned as the most powerful visual metaphor of Mohammed bin Salman’s Saudi Arabia, has been pushed down the kingdom’s list of immediate development priorities.
The PIF-backed company has selected Goldman Sachs to advise on financing for major data-center projects, as Riyadh tries to turn cheap energy and U.S. chip partnerships into a national AI industry.
The United Arab Emirates tried unsuccessfully to persuade Saudi Arabia, Qatar and other Gulf states to join a coordinated military response against Iran.
Saudi Arabia’s reported proposal for a Middle Eastern non-aggression pact with Iran presents an admission that the old regional security formula is breaking down.
Saudi jets hit militia-linked targets near the Saudi-Iraqi border during Iran war, and separate strikes were launched from Kuwait.
Saudi Arabia carried out covert airstrikes inside Iran in late March in retaliation for Iranian attacks on the kingdom during the wider Middle East war.
Riyadh’s position on Iran reflects neither sympathy for Tehran nor alignment with Israel’s escalation, but a deeper pragmatism shaped by years of disappointment in U.S. security guarantees.