Mideast Money

Can Saudi Arabia’s Billions Speed Up a Desert Ski Resort?

An artist’s impression from a June 2023 Neom press release on Trojena that highlighted a planned lake.Neom
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Welcome to the Mideast Money newsletter, I’m Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global finance. You can sign up here.

This week: An HSBC unit is ending relationships with over 1,000 wealthy Middle Eastern clients, a Dubai hotel is turning party culture and virality into big business, and a stock rally is breathing new life into Oman’s privatization drive. But first, Saudi Arabia faces a daunting deadline.