Tag: neom

PGA Tour Sues LIV Golf over MBS-Fund

PGA Tour Sues LIV Golf over MBS-Fund

The Wall Street Journal shed light, in a new report released this week, on the legal battle between PGA and LIV Golf backers, the Saudi Arabia Public Investment Fund, an entity controlled by the Saudi crown prince Mohamed bin Salman (MBS). A newly...

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...

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...

Saudi Arabia Is No More a US Ally

Saudi Arabia Is No More a US Ally

In an exclusive CNN interview, US President Joe Biden said there would be “consequences” for Saudi Arabia after it partnered with Moscow to announce a cut in oil production, a move that could cause gas prices to increase as November’s midterm...