Saudi Arabia says Israel invasion of Rafah will cause humanitarian disaster
Saudi Arabia has warned Israel that a planned invasion of the city of Rafah could cause an imminent humanitarian disaster. With Israel poised to launch a ground invasion of Rafah, on the southern tip of the Gaza Strip and bordering Egypt, the oil-producing nation’s foreign ministry issued a statement on Saturday calling for an immediate […]
Senate panel warns legal play by Saudi investment fund could erode investigative power
A Senate subcommittee on Tuesday issued congressional subpoenas to executives from Boston Consulting Group, McKinsey & Company, M. Klein & Company, and Teneo in connection with their work with Saudi Arabia’s Public Investment Fund (PIF). The company rigorously investigated whether it was complying with the regulations. Last fall, PIF filed suit in Saudi Arabia against […]
South Korea and Saudi Arabia Sign Deal to Jointly Develop Military Technology
The governments of South Korea and Saudi Arabia have signed a memorandum of understanding to jointly research and develop new weapons technologies, the two countries confirmed on Monday. The deal is the latest expansion in defense cooperation between South Korea and Riyadh, which comes as conservative South Korean President Yoon Seok-yeol expands efforts to elevate […]
Saudi Arabia pushes for US defense pact as 2024 presidential election looms
Saudi Arabia may accept a non-binding commitment from Israel to establish a Palestinian state as it moves forward with a defense deal with the United States in the run-up to the 2024 presidential election. Through US-led diplomacy, Saudi Arabia was moving towards normalization of diplomatic relations with Israel and recognition for the first time. However, […]
Rory McIlroy called Jordan Spieth after disagreeing over Saudi PIF, LIV Golf deal
Jordan Spieth and Rory McIlroy are currently not on the same page as they relate to the PGA Tour, which is affiliated with the Saudi Public Investment Fund (PIF). McIlroy believes the tour should continue discussions with PIF, the sovereign wealth fund that funds LIV Golf, but Spieth doesn’t see a need for that. Spieth’s […]
Justin Rose divulges LIV Golf offer, points to ‘major’ problems for Saudi circuit
Justin Rose is a staple of professional golf and is no stranger to LIV golf chatter, but he is loyal to the PGA Tour. On Thursday after his round at the AT&T Pebble Beach Pro-Am, Rose detailed his conversations with the Saudi support circuit and why he ultimately decided to stay on tour. “For me, […]
India, Saudi Arabia Hold First-Ever Joint Army Exercises
India’s Ministry of Defense announced this week that it has begun a joint military exercise with Saudi Arabia dubbed “Sada Tansikh” (“Forever Together”). The period is scheduled to run until February 10th. This event marks the first time that Saudi and Indian militaries will be joining forces. India is hosting the exercise in the northern […]
Saudi investment fund fights Senate subcommittee subpoena
The Saudi Public Investment Fund (PIF) has asked the leadership of a Senate subcommittee to withdraw subpoenas issued to four of the fund’s U.S.-based consultants, according to people familiar with the matter. new letter This was revealed by the Senate Permanent Subcommittee on Investigations on Tuesday. The letter, dated January 12, was sent by Subcommittee […]
PGA Tour landing $3B SSG investment; puts LIV Golf, Saudi deal on shaky ground
The PGA Tour is on the brink of winning. Historic $3 billion investment According to reports, participation from Strategic Sports Group (SSG). bloomberg and wall street journal. This initial investment is not only for financial reasons; not included The Saudi Public Investment Fund (PIF) is a beneficiary of LIV Golf. Last June, the PGA Tour, […]
LPGA deal with LET tanked by Golf Saudi, player blasts LIV leadership
The world of women's professional golf is undergoing what is known as an “epoch-making change.'' The LPGA Tour and the Ladies European Tour (LET) have agreed to merge, injecting vitality into the world of women's golf overseas. That suddenly stopped. Golf Saudi, a division of the Saudi Public Investment Fund that funds LIV Golf, has […]