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Intelligence for the New World Economy
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Intelligence for the New World Economy
Home
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© 2025 Semafor Inc.
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Manal Albarakati
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Qatar awards Samsung carbon-capture contract
The announcement comes as ‘energy realists’ at COP30 in Brazil are expected to push back against stricter climate goals.
A carbon capture facility in Brevik, Norway. Nora Bulli/Reuters.
Qatar doubles down on Egypt’s coastline with $3.5B land buy
Gulf countries are moving away from providing aid to Egypt and instead focusing on investment opportunities.
Stringer/Reuters
UAE telecom customers mine Bitcoin through phone plans
The Emirates have embraced the virtual assets industry, introducing regulations that have attracted some of the world’s biggest exchanges.
A crypto mine in the US. Alan Freed/Reuters.
Saudi real estate developer partners with Google on AI
Arabian Dyar will use 15 years of internal data to train custom models to enhance design, planning, and community management across its Saudi developments.
The Dyar Alharam sales center in Makkah. Courtesy of Aldyar.
Saudi investment deals focus on AI
Saudi Arabia’s FII conference has seen billions in deals signed across data, chips, energy, and infrastructure.
Stephen Schwarzman and HUMAIN CEO Tareq Amin. Courtesy of HUMAIN.
Saudi Arabia’s HUMAIN sharpens AI playbook
Public Investment Fund’s AI unit has partnered with Aramco as it looks to scale.
Courtesy of the Future Investment Initiative
Saudi’s $50B downtown megaproject seeks partners
As spending cuts hit other major developments in the kingdom, New Murabba is moving ahead with construction.
Saudi set for 130 million tourists in 2025
The country’s tourism industry is on track to meet 2030 goals of attracting 150 million visitors including domestic travelers.
A Semafor guide to Riyadh
Where to eat and what to see in the Saudi capital.
Saudi fashion finds its voice
Global designers were the focus at Riyadh Fashion Week, but the highlights were from Saudis reimagining their heritage.
Bollywood, Hollywood, and gaming collide in Saudi
Shaquille O’Neal, Bollywood megastar Shah Rukh Khan, and YouTuber MrBeast were among the guests at the Joy Forum in Riyadh.
Gulf construction awards slump in third quarter
Contract awards fell to the second-lowest level in ten quarters, an analysis found.
Saudi eyes permanent spot on top tennis tour
The kingdom’s Six Kings Slam, complete with a gold racket trophy and $6 million in prize money, is reigniting talk of a Masters 1000 as Saudi Arabia pushes deeper into global sport.
Oman bets on luxury tourism with $520M ‘wellness village’
While Saudi Arabia and the UAE race to attract tens of millions of visitors, smaller neighbors like Oman are focusing on exclusivity.
Saudi’s Kayanee aims to educate women on wellness, and more
Kayanee, the Riyadh-based athleisure and wellness brand, plans to expand in the Gulf, and beyond, next year.
Saudi heir’s private jet rant on welfare cuts sparks outrage
His comments came after his cousin, Human Resources Minister Ahmad Al Rajhi, suspended parts of the social security program.
Saudi Arabia’s Vision 2030 contracts near $200B even as new awards slow
The kingdom is still awarding contracts for gigaprojects part of its Vision 2030 framework, while overall contract awards have declined sharply.
Qatar invests $7.5B in Egypt’s coastal development
Qatar is deepening its presence in Egypt after more than a decade of strained ties.