Saudi Arabia’s PIF sells stakes in US groups ahead of Crown Prince’s White House visit

Visa is focusing on AI-enabled payments and stablecoins to enhance its competitive edge in the Asian market. According to Stephen Karpin, the Asia-Pacific president, current chatbots lack the capability to facilitate payments through an agent, which is a significant feature that needs to be addressed. This strategic move reflects Visa's commitment to innovation in the rapidly evolving payment landscape.

Three administration sources informed the Associated Press that Saudi Arabia is unlikely to normalize relations with Israel in the near future. This statement comes amid ongoing discussions regarding the future of Palestinian statehood during a visit by Crown Prince Mohammed bin Salman to Washington.

Small business owners are facing increased costs due to credit card fees, with some merchants implementing a 2.5% financing fee for credit card transactions. Additionally, a minimum purchase of $10 is now required for credit card use at certain stores. This shift raises concerns about the sustainability of small businesses and the potential for customers to be discouraged from using credit cards, which have become a standard payment method. The implications of these changes could lead to further complications for merchants and their customers.

Saudi Arabia's stock market closed lower, with the Tadawul All Share index declining by 1.12%. This downturn reflects negative sentiment in the market as trading concluded on November 16, 2025. Investors are likely to be monitoring the situation closely as the market reacts to various economic factors.

Saudi Arabia has reduced salary premiums for foreign talent, according to recruiters. This decision reflects a shift in the country's labor market dynamics, potentially impacting the attractiveness of Saudi Arabia as a destination for expatriates. The change comes amid broader economic adjustments as the nation seeks to balance its workforce needs with fiscal considerations.