Pimco Negotiates Mandate With Saudi Arabia’s PIF
Pimco is in talks to manage assets for Saudi Arabia’s $925 billion sovereign wealth fund as PIF updates its investment strategy through 2030.

Pimco is in talks to manage assets for Saudi Arabia’s $925 billion sovereign wealth fund as PIF updates its investment strategy through 2030.

Oil prices have entered a sustained decline as Saudi Arabia resumes operations on a key pipeline, reducing supply fears.

Saudi startup Ceer, a joint venture between the Public Investment Fund and Foxconn, has unveiled its Exobot electric vehicles, with sales expected to begin in 2027.

Saudi Arabian EV brand Ceer has unveiled its debut model, the Exobot, a luxury electric vehicle set to enter production in early 2027.

Saudi Arabia’s first automotive brand, Ceer, has unveiled its debut Exobot electric sedan and SUV, featuring up to 1,111 horsepower and a planned lineup of seven models by 2030.

Saudi joint venture Ceer, backed by the Public Investment Fund and Foxconn, has unveiled its first two electric vehicles, with plans to launch five more models by 2030.

Saudi startup Ceer Motors has unveiled its first EXOBOT electric vehicles, marking the start of a seven-model rollout to be manufactured at a 5 billion USD facility in King Abdullah Economic City.

Saudi Arabia's first domestic car brand, Ceer, has unveiled its debut sedan and SUV models featuring 850 horsepower and an 800V architecture.

Saudi Arabia has launched its first domestic electric vehicle brand, Ceer, with plans to release seven models by 2030 and create 35,000 jobs.

Saudi Arabia’s first EV manufacturer, Ceer, has introduced the EXOBOT flagship SUV and sedan, marking a major milestone in the nation’s Vision 2030 industrial strategy.

Saudi Arabia has rerouted oil exports after Houthi missile strikes disrupted the East-West pipeline, potentially impacting 4% of the global supply.

Saudi Arabia has ramped up oil exports via the Persian Gulf, fueling speculation in prediction markets about the potential restart of the East-West Oil Pipeline.

The Saudi Central Bank has withdrawn from the mBridge cross-border payment platform after completing its proof-of-concept phase in May 2025.

The shutdown of Saudi Arabia’s East-West pipeline has triggered record spot premiums and a surge in diesel prices, forcing European refiners to seek alternative supply sources.

Saudi Arabia halted its critical Petroline oil export route after drone strikes, causing Brent crude prices to spike to $110 per barrel.

Saudi Arabia has restored the East-West pipeline, which can transport 7 million barrels per day, helping to stabilize global oil supply concerns.

Drone attacks on Saudi Arabia's East-West pipeline have halted oil exports at the Yanbu terminal, pushing Brent crude prices to $108 per barrel.

Yuan-denominated crude oil futures hit a record high of ¥929.4 per barrel following drone attacks on the Saudi Arabian East-West pipeline.

Saudi Arabia has reduced oil shipments to Europe following the shutdown of the East-West pipeline due to drone attacks, forcing the country to rely on limited crude reserves.

Russia's weekly oil export revenue reached $1.9 billion following a supply disruption in Saudi Arabia that pushed Brent crude prices above $108 per barrel.
