Brazilian superstar Neymar is set to join Saudi Arabian club Al-Hilal in a deal that is reportedly worth over €160 million. In addition to his massive salary, Neymar will also receive a number of eye-popping perks, including: Win bonus: Neymar will...
Saudi Arabia’s Public Investment Fund, or PIF, reported a $15.6 billion comprehensive loss in 2022 after the value of its investments in SoftBank Vision Fund plunged, and other tech ventures were hit by a market downturn. The PIF, chaired by Crown...
Well-informed sources revealed that Saudi Crown Prince Mohamed bin Salman (MBS) started seizing Khums from Saudi Shiites. Khums (meaning fifth in Arabic) is a religious tax paid by Saudi Shiites to Iran or Iraq. The sources pointed out that MBS...
Benjamin (Ben) Quayle, a former member of the U.S. House of Representatives and son of the 44th Vice President Dan Quayle, was involved, along with his lobbying firm Hobart Hallaway & Quayle Ventures (HHQ) in Saudi sportswashing activities...
Over the past few years, foreign direct investment in Saudi Arabia has declined to unprecedented levels. The Saudi Arabian Interbank Offered Rate (SAIBOR) — the interest rate at which contributing banks can borrow funds — climbed above an average of...
Saudi Crown Prince Mohammed bin Salman (MBS) continues to spend billions of dollars as part of his policies to boost his foreign image. Sources familiar with the matter revealed that Saudi Ministry of Sports has allocated £17 billion (19.6...