Never NEOM
A Modern Dystopia
- Website
- neomm.co · all feeds from this site
- Feed URL
https://neomm.co/feed/
Read it in your FeedListing reader
Or add to: Feedly Inoreader Raw feed
Latest posts
-
Saudi Economy Shrinks 3.8% Despite Billions Spent on Vision 2030 as War Exposes the Limits of Diversification
Saudi Arabia’s economy has contracted for a second consecutive quarter, with oil activity plunging 20.4% and non-oil growth reaching just 1.9%. For Never NEOM, the figures raise urgent questions about the economic returns of the kingdom’s expensive megaprojects and the…
-
Eight Weeks of Stock Market Losses and Thousands of Cancelled Flights: Riyadh Reopens Its Airport, but Airlines and Investor Confidence Remain Absent
Saudi Arabia has spent billions positioning Riyadh as a global business and investment hub. Yet eight consecutive weeks of stock market declines, more than 5,500 cancelled flights and growing corporate security concerns are exposing the vulnerability of an economic strategy…
-
Power Concentrated in One Man: Mohammed bin Salman Faces the Risks of Centralised Decision-Making
Saudi Arabia’s concentration of political, economic and security authority has accelerated major reforms. But it has also made strategic setbacks more closely associated with the crown prince, raising questions about institutional oversight, accountability and the ability to…
-
Saudi Vision 2030 Faces a Credibility Test as Budget Deficits and Executions Rise
Saudi Arabia is spending billions on futuristic cities, international sporting events and global investment projects. But mounting fiscal pressures and human rights concerns raise a more fundamental question: can the kingdom modernise its image without building institutions…
-
Aramco Cuts Oil Prices to Defend Market Share as War Erodes Saudi Arabia’s Export Advantage
Saudi oil exports are recovering and crude prices remain high. But record shipping costs, insurance risks and disrupted export routes are changing the economics of the Saudi barrel — forcing Aramco to offer Asian buyers its deepest discount in six years. Saudi Arabia’s oil…
-
Saudi Arabia’s 2027 Budget Exposes Vision 2030’s Oil Dependence
The non-oil economy is bigger than ever. But with GDP contracting, the deficit approaching SAR 191 billion, debt rising and foreign investment weakening, Saudi Arabia is confronting a harder question: can the new economy finance the state when oil cannot? Within roughly a single…
-
From Nearly $1 Trillion for America to Bomb-Laden Jets Turned Back by Trump: The Houthi Crisis Exposes the Limits of Buying Protection
There are moments that reveal the nature of an entire relationship more clearly than dozens of summits, defence agreements and diplomatic statements. The reported sight of American aircraft being prepared for strikes against the Houthis, only for Donald Trump to stop the…
-
From Billions in US Weapons to Seeking an Air-Defence Shield: Yemen Exposes the Limits of Saudi Power
Eleven years after Saudi Arabia went to war in Yemen to prevent the Houthis from becoming a permanent threat on its border, Riyadh is asking four countries for air-defence support while Washington refuses to fight its war. The kingdom spent billions building one of the region’s…
-
A ‘Torture Zone’ Inside the Ritz: The Dark Chapter of Saudi Arabia’s Anti-Corruption Purge That Never Closed
The Ritz-Carlton in Riyadh was supposed to represent the polished face of modern Saudi luxury: marble interiors, chandeliers and suites designed for presidents, royalty and wealthy visitors. Nearly nine years after the hotel became the centre of Mohammed bin Salman’s sweeping…
-
LIV Golf’s $5 Billion Saudi Gamble Ends Up in Bankruptcy Court
Saudi Arabia’s PIF spent more than $5 billion building a rival capable of disrupting global golf. Four years later, LIV Golf has filed for Chapter 11 — and the sovereign wealth fund is providing just $49.6 million to finance its restructuring. Four years after Saudi Arabia…
-
NEOM University Disappeared Before It Ever Opened — After Four Years, the Name Is Gone but the Cost Remains Unknown
NEOM University did not need a formal cancellation announcement. According to Times Higher Education, something quieter appears to have happened: the name disappeared, senior figures left, detailed references to the university were removed from NEOM’s website, and what had once…