Johnny Depp has a new powerful, and allegedly dangerous, friend in Saudi Arabia Crown Prince Mohammed bin Salman — and their relationship’s being described as a “bromance like no other.” The seemingly odd pairing is detailed in a new profile in Vanity Fair … which claims Johnny is getting the royal treatment over in Saudi … Read more
Valvoline had last year decided to separate its retail services and global products divisions following a strategic review. Rafael Henrique/SOPA Images/LightRocket via Getty Images Saudi Arabia’s state-controlled Aramco on Tuesday announced it is shelving plans to raise its crude production capacity from 12 million barrels per day to 13 million barrels per day, amid broader … Read more
Saudi Arabia’s first alcohol store has opened in the diplomatic quarter of its capital Riyadh, accessible to non-Muslim diplomats. While it only affects a select group, it’s a big change for the highly conservative Muslim kingdom, where alcohol has been banned since 1952 after a Saudi prince murdered a British diplomat in a drunken rage. … Read more
JERUSALEM — Saudi Arabia’s foreign minister says the kingdom will not normalize relations with Israel or contribute to Gaza’s reconstruction without a credible pathway to a Palestinian state. Prince Faisal bin Farhan’s remarks in an interview with CNN broadcast late Sunday were some of the most direct yet from Saudi officials. It puts them at … Read more
Skyline of Riyadh in Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Saudi Arabia’s Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about a quarter of the $124 billion splashed by state-owned investors, according to a preliminary report by research consultancy Global SWF. The Saudi … Read more
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You could call it the summer that Saudi Arabia swallowed sports. On June 6th, news broke that Saudi-backed LIV Golf was merging with the Professional Golfers’ Association, funded to the tune of over a billion dollars by the Saudi Public Investment Fund (PIF). In soccer, the world’s most popular and lucrative sport, the kingdom has … Read more
Cityscape of Saudi capital Riyadh. Harri Jarvelainen Photography | Moment | Getty Images Shares of Lumi soared as much as 30% on Monday at the Saudi Arabian auto rental firm debuted on the Riyadh stock exchange in a 1.09 billion riyal ($290 million) initial public offering. A unit of Saudi travel company Seera, Lumi listed … Read more
FILE – PSG’s Neymar celebrates after scoring his aspect’s second purpose through the French League One soccer match between Lille and PSG on the Lille Metropole stadium, in Villeneuve d’Ascq, northern France, Jan. 26, 2020. (AP Picture/Michel Spingler, File) Neymar mentioned he was relishing “new challenges and alternatives in new locations” after he joined Saudi … Read more
PIF (Public Funding Fund) Managing Director Yasir bin Othman Al-Rumayyan attends the Russian-Saudi Funding Discussion board held on the Ritz-Carlton Moscow Lodge. Sergei Bobylev | TASS through Getty Photos Saudi Arabia’s sovereign wealth fund, referred to as the Public Funding Fund or PIF, is an energetic participant in U.S. private and non-private markets. In contrast … Read more
Iran says Saudi Arabia’s prime diplomat is coming to go to Tehran, the most recent step within the restoration of diplomatic ties between the 2 Mideast rivals TEHRAN, Iran — Saudi Arabia’s prime diplomat is coming to go to Tehran, the most recent step within the restoration of diplomatic ties between the 2 Mideast rivals, … Read more