Rooted in Arabic, the Alat logo and wordmark feature traditional Salmani architecture ... Prime Minister of the Kingdom of Saudi Arabia, and Chairman of the Board of Directors of the Public Investment ...

Niusha Shafiabady does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations ...

President Donald Trump closed out his time in Saudi Arabia with a familiar tune, though its presence playing in the conservative Gulf nation has raised some eyebrows. As is typical at the end of ...

Washington — President Trump arrived in Saudi Arabia on Tuesday, beginning a three-nation visit to the region and the first international trip of his second administration. Saudi Arabia is the ...

Saudi Arabia has launched a new artificial intelligence ... The PIF has already launched several AI companies, including Alat, also chaired by Prince Mohammed, which has pledged to invest $100bn ...

As President Donald Trump returns to Riyadh for his second official visit to the Kingdom of Saudi Arabia—once again choosing it as his first foreign destination in a new presidential term ...

Saudi Arabia's budget deficit hit $15.6 billion in the first quarter of 2025, more than half its forecast for the entire year, even before oil prices significantly dropped. The Q1 deficit stemmed ...

OPEC+ is accelerating its oil output increases by adding 411,000 barrels per day in May. Saudi Arabia faces a budget strain, needing $96.20 oil to break even due to Vision 2030 spending.

Saudi Arabia’s new advanced industries firm Alat has bought a 15% stake in Germany’s TK Elevator and unveiled a 160 million euros ($166.62 million) joint venture for elevators and escalator ...

Saudi Arabia - Alat, a unit of Saudi wealth fund PIF, today (February 24) entered into an agreement with TK Elevator (TKE), a global leader in vertical transportation and urban mobility, for setting ...

Alat, a unit of Saudi Arabia’s sovereign wealth fund, has bought 15% of TK Elevator and unveiled a joint venture that will make escalators and moving walkways, as the kingdom looks to boost ...

(Bloomberg) -- Alat, a unit of Saudi Arabia’s sovereign wealth fund, has bought 15% of TK Elevator and unveiled a joint venture that will make escalators and moving walkways, as the kingdom looks to ...