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Story summary
- Saudi Arabia aims to triple foreign direct investment (FDI) to $100 billion by 2030, intensifying its investment efforts.
- Fahad Al-Saif has been appointed as the new investment minister, succeeding Khalid Al-Falih, and has experience with the Public Investment Fund and the kingdom's debt program.
- DP World CEO Sultan Ahmed Bin Sulayem resigned amid controversy related to Jeffrey Epstein, prompting Dubai's government to appoint Essa Kazim as chairman.
- Abu Dhabi is establishing a new financial-services holding company with $237 billion in assets, indicating ongoing economic reforms in the region.
