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Saudi wealth fund PIF in talks to invest in aspiring Tesla rival Lucid

Tesla CEO Elon Musk has said PIF could help him fund a $72bn deal to take his electric car maker private

Heavy rains, thunderstorms in Makkah as Muslims begin Hajj pilgrimage

More than 30,000 health workers are operating 25 hospitals and offering free medical services

Saudi football federation chief resigns

Adel Ezzat said he will begin preparing for elections of the Asian Football Confederation

Saudi starts train services for pilgrims in Makkah as Hajj begins

The 18.1km line transports pilgrims between Makkah, Mount Arafat, Muzdalifah and Mina

Saudi to grant licences to family taxi cabs driven by women, but female passengers are a must

No men or young male children will be allowed to sit in the front seat

Saudi forces intercept missile fired towards Najran

Houthis have launched 176 missiles so far towards Saudi Arabia, say officials

Two million Muslim pilgrims flock to Makkah as Hajj begins

Saudi’s interior ministry says it has put in place measures to confront any security threat

US welcomes Saudi’s pledge of $100m for Syria

The Trump administration is looking to cut back on foreign aid

Canada Hajj pilgrims, Saudi students face uncertainty due to diplomatic row

Saudi severed diplomatic and trade ties with Canada earlier this month

Saudi authorities destroy 58 tonnes of unsafe food

The items were confiscated during inspections of food establishments and vehicles entering Makkah

New US foreign investment law could block Saudi Tesla buyout

Tesla has reportedly been subpoenaed by the SEC following Elon Musk’s “funding secured” tweet last week

Bahrain, Manama, Cityscape view of Bahrain World Trade Center and Bahrain Financial Harbor

UAE, Saudi and Kuwait affirm support to Bahrain through fiscal programme

Bahrain has projected a state budget gap of $3.5bn in 2018

Saudi officials nab man wearing suspected explosive vest

The man was wounded in an exchange of gunfire with security forces in Al Bukayriyah

Tesla shares give up gains on renewed prospect of Musk buying Twitter

Saudi fund could only play minor part in Musk’s $72bn Tesla plan

Musk said on Monday that the PIF had voiced support for Tesla going private

Saudi citizen fined SAR270,000 for illegally transporting pilgrims

Makkah enforces strict entry rules to prevent over crowding during the Hajj season

Saudia says flights affected by system failure

Pilgrims are continuing to arrive for this year’s Hajj pilgrimage, set to begin on August 19

Saudi’s Al Rajhi Bank says expat exodus could impact its remittance business

The number of foreign workers has fallen by more than 700,000 since last year

Saudi prince faces jail in UK after Zain loan disagreement

The royal is alleged to have ignored a UK court ruling

Musk says Saudi sovereign fund backs Tesla buyout

The billionaire said he had met the PIF as recently as July 31 when the sovereign fund’s managing director expressed support for a deal

Saudi brings forward Eid Al Adha holiday

Some workers will receive an extra long Eid break this year

Aramco, ACWA and US-based Air Products to form $8bn JV in Saudi

The JV will purchase the gasification assets, power block and the associated utilities from Saudi Aramco

Saudi denies social media ‘rumours’ about expat fees

Expat fees introduced this year will continue to increase until 2020, clarifies ministry

Tesla shares give up gains on renewed prospect of Musk buying Twitter

Saudi wealth fund PIF has shown no interest in bankrolling Tesla buyout

The sovereign wealth fund acquired a stake of just below 5 per cent in Tesla

The tweet that triggered the Saudi-Canada row

Hours after the Arabic tweet, Saudi recalled its ambassador, barred Canada’s envoy from returning and placed a ban on new trade

Saudi-based ITFC, US’ Federated Investors to launch $300m trade finance fund

The sharia-compliant fund is expected to launch later this year

Saudi calls on Muslims to sight the Eid moon on Saturday

The first day of Eid Al Adha falls on the 10th day of the Dhu al-Hijjah month

More than 188,000 ‘illegal’ pilgrims barred from entering Makkah

Makkah enforces strict entry rules to prevent overcrowding during the Hajj season

One killed, 11 injured in Jazan after Saudi intercepts missile fired from Yemen

The missile, fired by the Houthis, was detected by Saudi forces on Wednesday night

Saudi Arabia sells off Canadian assets as dispute escalates

The Saudi central bank and state pension funds have reportedly instructed their overseas asset managers to dispose Canadian assets

Saudi mulls more measures against Canada, says oil supplies will not be affected

Saudi oil minister says Aramco’s relations with its customers in Canada will not face an impact from the spat