Saudi Arabia’s Public Investment Fund and Aramco announced on Sunday the closing of a transaction in which Aramco, through a wholly owned subsidiary, acquires a 49% stake in HUMAIN, with PIF retaining 51% ownership.
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Saudi Aramco is to take a 49 percent stake in Humain as it pledges billions of dollars to accelerate the AI company’s global expansion. Humain, backed by the Public Investment Fund, was launched ahead of US president Donald Trump’s visit to Riyadh in May…
Saudi Arabia’s non-oil private sector continued to expand in October, with business activity and output growth accelerating despite a decline in the Riyad Bank Purchasing Managers’ Index (PMI) to 54.0 from 55.3 in September, according to data compiled by S&P…
Saudi Arabia’s non-oil revenue surpassed oil revenue in the third quarter of 2026 for the first time since 2020, highlighting progress in diversifying government income and strengthening the budget’s resilience to energy market volatility.
The UAE’s non-oil private sector continued expanding in October, with new orders picking up and businesses raising selling prices at a record pace to pass on higher operating costs.
