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Reports

Saudi Wealth Fund Plans to Reduce its Stakes

Saudi Wealth Fund Plans to Reduce its Stakes

Saudi Arabia’s sovereign wealth fund is pushing ahead with plans to reduce its stakes in some of the kingdom’s biggest companies and raise billions of dollars for new investments, Bloomberg revealed on Friday. People familiar with the matter...

Foreign Investment into Saudi Arabia Sharply Declined

Foreign Investment into Saudi Arabia Sharply Declined

The Wall Street Journal revealed in a report issued this week that foreign investment in Saudi Arabia has been stubbornly low in recent years, despite Prince Mohammed’s efforts to restructure its economy. According to the US journal, international...

No Broadcaster for MBS-Backed LIV Golf

No Broadcaster for MBS-Backed LIV Golf

France Press website revealed that the disruptive new LIV Golf circuit, backed by Saudi Crown Prince Mohammed bin Salman (MBS), could pay for TV coverage temporarily as it tries to build a long-term presence. LIV, whose luring of top players with...