A growing security premium threatens Saudi Arabia’s investment project
Source: Fortune ·
In this week’s Fortune Gulf Brief.
From the source
Welcome to this week’s Fortune Gulf Brief. We’ll be covering: Saudi special report: we assess the outlook for the kingdom’s economy Abu Dhabi teams up with OpenAI and Microsoft to train government employees SoftBank in talks for $100 billion Gulf investment for new AI fund And, the three we enjoyed reading The attack on the headquarters of Saudi Arabia’s state-owned oil company Aramco on Tuesday evening as part of a suspected Houthi missile strike marks the latest blow to the kingdom’s image as a safe and viable place to do business. While there was no official comment from Aramco, the kingdom’s energy ministry confirmed the strike had caused a limited fire and no injuries, though it was unclear whether the building in the eastern city of Dhahran had been hit directly by a missile or by falling debris. Authorities also reported drones and missiles were intercepted and destroyed near the capital, Riyadh, and the country’s southern region. As the kingdom’s conflict with the Iran-backed…