Saudi Arabia's economy is transforming. What's behind it? The Public Investment Fund, or PIF.

It's one of the largest sovereign wealth funds in the world, creating 13 new sectors,

66 companies, and more than 500,000 direct and indirect jobs so far. PIF is also the first

sovereign wealth fund to issue a green bond supporting Saudi Arabia's 2016 Net Zero emissions target.

Find out more at pif.gov.sa.

Hello and welcome to the Intelligence from the Economist. I'm your host Jason Palmer.

Every weekday we provide a fresh perspective on the events shaping your world.

Today at the Vatican, a trial begins of the most senior church official ever to be

indicted, along with nine others. Pope Francis has said he wants to clean up the church's finances.

The sprawling trial will surely shed more light on them. And for years, wine lovers have been told

that climate change will affect their favorite tip well, it's starting to happen. Terrible news

for many traditional wine regions and if it's any consolation, a glimmer of good news for newer entrants.

But first,

for months Tunisia's streets were filled with angry citizens, calling for the government's downfall.

Then on Sunday their demands were met and the celebrations began.

The president, Kaiz Sayed, had decided to take matters into his own hands. He dismissed the

prime minister and suspended parliament for 30 days. But it's not clear where Tunisia will go next.

World leaders expressed concern about what many are calling a coup, including a White House

statement by press secretary Jen Saki. We are in touch at a senior level from both the White House

and the State Department with Tunisian leaders to learn more about the situation, urge calm

and support Tunisian efforts to move forward in line with democratic principles.

The unrest casts doubt on hard-won democratic hopes, not just in Tunisia but throughout the region.

...