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When Israel established a checkpoint near the Mousas' land a decade ago, the family converted their ancestral farm into a parking lot for Palestinian workers entering Israel. But the lot has been empty since Oct. 7, when Hamas militants attacked Israel from the Gaza Strip, and Israel, fearing more attacks, barred Palestinian workers from the West Bank from entering Israel. Before October, over 10,000 Palestinian workers crossed the checkpoint there daily, heading to Israeli construction sites and farms. An estimated 200,000 Palestinians worked in Israel and Israeli settlements before the war, according to the Israeli workers' hotline Kav LaOved. The Palestinian economy in the West Bank contracted by over a fifth in the last quarter of 2023, according to the Palestinian economic ministry.
Persons: Mohammed Mousa’s, They've, Israel, “ I've, Mousa, , Alaa Mousa, Ahmad Srour, , Srour, “ We’ve, we’ve, Nidal Khawaja, Khawaja, Israel's, Bezalel Smotrich, Khalid Al, Esseily, Khalidi, Raul Sargo, Mohammed Mousa Organizations: West Bank, , Palestinian Authority, Bank, World Bank, Palestinian Economic Ministry, Palestinian, Associated Press, Israel, Israel's Finance Ministry, Israeli Builders Association Locations: West Bank, Nilin, Israel, Gaza, Palestinian, U.S, israel
State-owned railway company Saudi Arabia Railways (SAR) recently struck a 200 million Saudi riyals ($53.33 million) deal with Italian hospitality company Arsenale Group to launch the first luxury train in the Middle Eastern kingdom. The destination has made a number of high-profile tourism investments in recent years – a $500 billion model city in the desert of northwest Saudi Arabia among them. Now Saudi Arabia is getting on board with the slow travel movement in a big way by moving into the luxury train market. Arsenale S.P.A./Saudi Arabia RailwaysSaudi Arabia’s decision to enter the luxury train market comes as demand for high-speed trains and luxury “rail cruises” continues to increase around the world. Infrastructure investmentA rendering of Dream of the Desert, which will be the first luxury train in the Middle Eastern kingdom.
Persons: Paolo Barletta, ” Barletta, S.P.A, Joe Biden, Dolce, , Luigi Corradi, King, Khalid al, Falih, Arsenale S.P.A, Bashar bin Khaled Al Malik, Al Malik, CNN’s Lilit Marcus, Ben Jones Organizations: CNN, State, Saudi Arabia Railways, Saudi, Arsenale Group, SAR, Saudi Arabia Railways Saudi, Reuters, “ Orient, Accor, Ferrovie dello Stato, Speed Railway, King Abdulaziz International, Saudi Arabia’s Investment, Projects, Saudi Railway Company, Orient Express, Orient Locations: Saudi Arabia, Saudi, Arabia’s, Riyadh, Qurayyat, Jordan, Hail, Italy, France, Italy’s, Mecca, Medina, Jeddah, Venice, London, Kyushu
Saudi Minister of Finance Mohammed al-Jadaan gestures during an interview with Reuters at the Ministry of Finance in Riyadh, Saudi Arabia, December 12, 2021. REUTERS/Ahmed Yosri/File Photo/File Photo Acquire Licensing RightsRIYADH, Nov 9 (Reuters) - The Saudi Fund for Development will sign agreements worth 2 billion riyals ($533 million) with African countries, Saudi Finance Minister Mohammed Al-Jadaan said on Thursday during the Saudi-Arab-African Economic Conference in Riyadh. Saudi Investment Minister Khalid Al-Falih later said at the same conference the kingdom's over $700 billion wealth fund, the Public Investment Fund, will make some "game changing" investments in Africa. Saudi Energy Minister Prince Abdulaziz bin Salman, also at the conference, signed preliminary agreements with African countries including Nigeria, Senegal, Chad and Ethiopia on energy-related cooperation. ($1 = 3.7511 riyals)Reporting by Aziz El Yaakoubi; writing by Clauda Tanios and Yousef Saba; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Persons: Mohammed, Ahmed Yosri, Mohammed Al, Jadaan, Khalid Al, Falih, Prince Abdulaziz bin Salman, Aziz El Yaakoubi, Clauda Tanios, Yousef Saba, Jason Neely Organizations: Reuters, Ministry of Finance, REUTERS, Rights, Saudi Fund, Development, Saudi Finance, African Economic Conference, Saudi Investment, Public Investment Fund, Saudi Energy, Thomson Locations: Saudi, Riyadh, Saudi Arabia, Rights RIYADH, Ghana, Africa, Nigeria, Senegal, Chad, Ethiopia
Saudi Arabia's Minister of Investment Khalid Al Falih gestures during the opening session of the Future Investment Initiative Conference in Riyadh, Saudi Arabia, October 26, 2021. REUTERS/Ahmed Yosri/File Photo Acquire Licensing RightsSINGAPORE, Nov 8 (Reuters) - Saudi Arabia will host summits of Arab and Islamic nations in coming days to discuss the Israeli-Palestinian conflict, Saudi Arabia's investment minister said on Wednesday. "We will see, this week, in the next few days Saudi Arabia convening an emergency Arab summit in Riyadh," said Saudi investment minister Khalid Al-Falih, at the Bloomberg New Economy Forum in Singapore. "In a few days you will see Saudi Arabia convening an Islamic summit," he said. Falih also said Saudi Arabia would convene a summit with African nations, without specifying a date.
Persons: Investment Khalid Al Falih, Ahmed Yosri, Khalid Al, Ebrahim Raisi, Falih, Tom Westbrook, Maha El, Shri Navaratnam Organizations: Saudi, Investment, Future Investment Initiative, REUTERS, Rights, Bloomberg, Economy, of Islamic, Thomson Locations: Riyadh, Saudi Arabia, Rights SINGAPORE, Saudi, Singapore, of Islamic Cooperation, Iranian, Tehran, China, Maha El Dahan, Dubai
Gaza City, Hamas' main stronghold in the territory, is encircled. Israel says its troops have advanced to the heart of the densely-populated city while Hamas says its fighters have inflicted heavy losses on the invading forces. Defence Minister Yoav Gallant said Israel had "one target - Hamas terrorists in Gaza, their infrastructure, their commanders, bunkers, communications rooms". Gallant, the Israeli defence minister, said that after the war was finished, neither Israel nor Hamas would rule Gaza. The International Committee of the Red Cross (ICRC) said a humanitarian convoy came under fire in Gaza City on Tuesday.
Persons: Yoav Gallant, Israel, Daniel Hagari, ISRAEL, Ghazi Hamad, Al, " Hamad, Joe Biden, Benjamin Netanyahu, Netanyahu, Ammar Awad, Gallant, Ebrahim Raisi, Khalid Al, Valeria Nesterov, Al Shifa, Haitham, Cross, Nidal al, Angel, Emily Rose, Maayan, Rami Amichay, Rami Ayyub, Michael Perry, Cynthia Osterman, Simon Cameron, Moore Organizations: Hamas, Jihad, REUTERS, of Islamic, Bloomberg, Economy, Gaza, International Committee, Thomson Locations: Saudi, Riyadh, China, GAZA, JERUSALEM, Gaza, Israel, Gaza City, Al Jazeera, Gaza . Washington, SAUDI, Saudi Arabia, of Islamic Cooperation, Iranian, Tehran, Singapore, Hamas, Tel Aviv, Al, Jerusalem
That concept has fallen flat in Arab nations, where many view it as a weak proposal that shows the U.S. is either unwilling or unable to hold Israel back. Jordan and Turkey have recalled their ambassadors to Israel in protest over the war, while United Nations officials have implored Israel not to impose “collective punishment” on Gazans for atrocities committed by Hamas. That ambiguous message reflects the challenges Bahrain’s American-allied royal family faces as they balance protecting their ties with the U.S. and Israel with insulating themselves from popular anger. “I have not seen such a large number in a spontaneous demonstration in Bahrain for a long time,” said Ibtisam al-Sayegh, a human-rights activist who attended a protest last month. Some Bahrainis carried signs depicting their king holding hands with Mr. Netanyahu — accusing the monarch of complicity in the murder of Palestinians as long as Bahraini relations with Israel continue, she said.
Persons: Blinken, Israel —, ” Khalid al, Suleiman, , , Bahrainis, Biden, , Ibtisam, Netanyahu — Organizations: Israel, Saudi, Okaz, United Nations, Bahrain’s, U.S, ” Riot Locations: U.S, Israel, Jordan, Turkey, Gazans, Bahrain, American
An Iraqi demonstrator holds the Koran during a protest near the Green Zone against the burning of a copy of the Koran and the Iraqi flag in the Swedish capital Stockholm, in Baghdad, Iraq July 22, 2023. REUTERS/Khalid Al-Mousily/File Photo Acquire Licensing RightsBAGHDAD, Sept 13 (Reuters) - An Iraqi court sentenced 18 police officers to prison after they were found guilty of failing to prevent protesters from setting fire to the Swedish embassy in Baghdad in July over a planned Koran burning in Stockholm. It says the officers were convicted of "abstaining from their duties to protect the Swedish embassy and to stop the persons who stormed and set fire to it". Hundreds of protesters stormed the Swedish embassy in Baghdad in July and set it on fire over a planned Koran burning in Stockholm. Anti-Islam protesters, one of whom is an Iraqi immigrant to Sweden who burned the Koran outside a Stockholm mosque in June, had applied for and received permission from Swedish police to burn the Koran outside the Iraqi embassy.
Persons: Khalid Al, Ahmed Rasheed, Timour, Nick Macfie Organizations: Green, REUTERS, Rights, Reuters, Thomson Locations: Iraqi, Swedish, Stockholm, Baghdad, Iraq, Rights BAGHDAD, Sweden
"I will match your offer and commit today to open an office," Saudi Investment Minister Khalid Al Falih said after India's trade minister Piyush Goyal invited Saudi Arabia to set up an office of its sovereign wealth fund, Public Investment Fund (PIF), in GIFT City. Goyal also said he would suggest that his ministry starts an investment promotion office in Riyadh. During the Crown Prince's visit India and Saudi Arabia signed 50 initial pacts in various fields and agreed to form a joint task force for $100 billion in Saudi investment in India, originally announced by the Crown Prince in 2019. Half of the planned $100 billion is earmarked for a delayed refinery project along India's western coast, an Indian foreign ministry official said. He said Saudi Arabia is looking to invest in sectors including oil, gas, petrochemicals, new energy, technology, manufacturing and defence.
Persons: Amit Dave, Narendra Modi, Khalid Al Falih, Piyush Goyal, Prince Mohammed bin Salman's, Goyal, Crown Prince, Falih, Shivangi Acharya, Nidhi Verma, Blassy Boben, Ed Osmond, Susan Fenton Organizations: Gujarat International Finance Tec, REUTERS, Indian, Saudi Investment, Public Investment Fund, Crown, United Arab Emirates, Saudi Aramco, Thomson Locations: Gujarat, Gandhinagar, DELHI, Saudi Arabia, New Delhi, Dubai, Hong Kong, City, Falih, Delhi, Saudi, Riyadh, India, Indian, Maharashtra
New Mideast corridor would include trains to India, Delhi says
  + stars: | 2023-09-11 | by ( ) www.reuters.com   time to read: +2 min
Saudi Arabia's Crown Prince Mohammed bin Salman inspects the honour guard during his ceremonial reception at the Rashtrapati Bhavan presidential palace in New Delhi, India, September 11, 2023. Asked about the proposals, Ausaf Sayeed, a secretary in the Foreign Ministry, spelled out that the corridor would include trains to India and not just links by port. Saudi Arabia is among the top exporters of petroleum to India. Sayeed said that new corridor will include ports, railways, better roads and also power, gas grids and optical fiber network. During their talks earlier in the day the Indian leader and the Saudi crown prince also discussed cooperation in space, semiconductors and collaboration in defence manufacturing as well.
Persons: Crown Prince Mohammed bin Salman, Stringer, Ausaf, Khalid Al Falih, Prince Mohammed bin Salman's, Sayeed, Shivam Patel, Krishn Kaushik, Ed Osmond, Angus MacSwan Organizations: Saudi, Crown, REUTERS, Foreign Ministry, European Union, United Arab, Initiative, Saudi Investment, Gulf Cooperation Council, Thomson Locations: New Delhi, India, DELHI, East, South Asia, Indian, Delhi, United States, Saudi Arabia, United Arab Emirates, Monday, Saudi
The "Made in Italy" fund, which was approved in May, will have an initial endowment of 700 million euros ($756 million) in 2023 and an additional 300 million next year in state cash. Saudi Arabia will focus on energy, sustainability, supply chains and sport to expand its presence in Italy, Investment Minister Khalid al-Falih said at the same event. Italian exports to Saudi Arabia totalled just over 4 billion euros in 2022, much from manufacturing, while imports totalled more than 7.4 billion euros, the bulk from oil products. Also at the Milan event, leading Italian energy company Eni (ENI.MI) and Saudi Acwa Power (2082.SE) agreed to jointly develop a green hydrogen project in the Middle East and Africa. Saudi Arabia has a well advanced project dubbed NEOM to produce green hydrogen at home while Italy so far has not developed yet any plan to produce it in significant quantity.
Persons: Adolfo Urso, Giorgia Meloni, Meloni, shrugging, Urso, Khalid al, Falih, Power, De Nora, Giuseppe Fonte, Keith Weir, Angus MacSwan, Alexander Smith Organizations: Energy, Italy's Industry, Reuters, Italy's, Investment, European Union, EU, Saudi, Eni, Saudi Acwa, Thomson Locations: Italy, MILAN, Saudi Arabia, Saudi, Rome, Riyadh, Milan, Kingdom, Meloni, East, North Africa, Russia, Africa
Saudi Arabia also recruited soccer legends Cristiano Ronaldo and Karim Benzema with contracts worth hundreds of millions of dollars, and it's expected to bid to host the 2030 World Cup. Portuguese football star Cristiano Ronaldo poses for a photo with the jersey after signing with Saudi Arabia's Al-Nassr Football Club in Riyadh, Saudi Arabia on December 30, 2022. Sports analysts are doubtful that Saudi Arabia will see its ambitions to have a top soccer league realized, even with all the money it can offer to top-tier players. Charles Laberge | LIV Golf | Getty ImagesOther criticism comes from an attitude among many that a Saudi league could never be a serious arena for athletes. Emenalo, himself a former defender for Nigeria's national soccer team and former technical director at English club team Chelsea, called the criticisms "outrageous."
Persons: Kylian Mbappe, Neymar Jr, Jean Catuffe, Neymar, Germain, Cristiano Ronaldo, Karim Benzema, Kalidou, Lyon's Moussa Dembele, Michael Emenalo, Saudi Arabia's, Al, Hilal, Kylian Mbappé, LIV, shockwaves, Saudi Crown Prince Mohammed bin Salman, Captain Brooks Koepka, Ricky Elliott, Charles Laberge, LIV Golf, Emenalo, it's, Khalid Al, Falih, that's Organizations: PSG, UEFA Champions League, Celtic Glasgow, Paris Saint Germain, Celtic Park, Getty, Getty Images, Saudi, Al, Paris Saint, Brazil national, L'Equipe, Manchester, Saudi Pro League, Nassr Football Club, Al Nassr Football, Anadolu Agency, France national, Sports, American PGA Tour, Saudi Crown, CNBC, Royal Greens, & Country Club, King Abdullah Economic, Nigeria's, soccer team, Chelsea, Saudi League, Guardian, Saudi Investment, Public Investment Fund Locations: Getty Images Saudi Arabia, Hilal, Barcelona, Saudi, Saudi Arabia, Riyadh, Europe, Jeddah, King Abdullah, King Abdullah Economic City
By 2050, he would like to see 1,000 humans living in the sulfuric acid clouds of Venus. The businessman's latest — and possibly grandest — endeavor is to send 1,000 humans to live in Venus' atmosphere by 2050. Söhnlein hasn't let the recent events dampen his ambition and claims humanity needs to continue pushing the limits of innovation. Sending humans to Earth's evil twinThough it's often called "Earth's twin," Venus doesn't seem like the ideal place for humans to thrive. The Titan submersible.
Persons: Guillermo Söhnlein, Stockton Rush, Söhnlein hasn't, Söhnlein, shouldn't, OceanGate, Rush, Shannon Stapleton, Khalid Al, Ali, Elon Musk, Mark Zuckerberg, we'd, Andrew Coates, Coates Organizations: Service, OceanGate Expeditions, NASA, Anadolu Agency, Getty Images, Venus, Stockton Rush, Reuters, Innovation, Rush, University College's, Science Laboratory Locations: Wall, Silicon, Söhnlein, Stockton
Aurelien Meunier - PSG/PSG via Getty ImagesSaudi Arabian soccer club Al-Hilal reportedly tabled a world record 300 million euro ($331.9 million) bid for Paris Saint-Germain star Kylian Mbappé, a further signal of the kingdom's efforts to shake up the sport's global order. Al-Ahli snapped up Chelsea goalkeeper Edouard Mendy and former Liverpool striker Roberto Firmino, and have just agreed a £30 million ($38.54 million) deal to bring in forward Riyad Mahrez from reigning English Premier League and European champions Manchester City. A medium-term threat Soccer isn't the first sport to be rocked by a sudden wave of Saudi investment. This is more like a couple of decades before I think we could see some significant impact." Cristiano Ronaldo stands prior to the Saudi Pro League week 28 soccer match between Al-Nassr and Al-Shabab at Alawwal Park Stadium in Riyadh, Saudi Arabia on May 23, 2023.
Persons: Kylian, Paris Saint, Germain, Le, Aurelien Meunier, Hilal, Mbappé, Nassr, Cristiano Ronaldo, Marcelo Brozovic, Alex Telles, Ronaldo, Ballon, Karim Benzema, N'Golo Kante, Edouard Mendy, Roberto Firmino, Mahrez, Anmar Al, Khalid Alhaj, Al, Ruben Neves, Kalidou Koulibaly, Sergej Milinkovic, Savic, LIV, Michael Goldberg, DBRS Morningstar, Goldberg, Jude Bellingham, Mohammed Saad Organizations: Paris Saint, Campus PSG, PSG, Getty Images, Al, French, country's Public Investment Fund, Real, English Premier League, Newcastle United, Saudi, — Al, Saudi Pro League, Inter Milan, Manchester United, Real Madrid, Chelsea, Liverpool, Manchester City, King Abdullah Sports City, Premier League's Wolverhampton Wanderers, Senegalese, Lazio, UEFA, Champions League, England's Premier League, Liga, Germany's Bundesliga, Italian Serie, isn't, DBRS, CNBC, Bayern Munich, Juventus, Borussia Dortmund, Alawwal, Anadolu Agency, Getty Locations: POISSY, France, Paris, Le Havre, Getty Images Saudi Arabian, Qatar, Real Madrid, Spanish, Saudi, Ittihad, Al, Hilal, Ahli, JEDDAH, Saudi Arabia, Europe, Italian, Barcelona, Liverpool, Shabab, Riyadh
"I was a little hesitant coming as a American, like 'Oh my god my government did really bad things here. Tourists "are messengers who tell these states that Iraq has returned to being a safe country and is not a red line as some say. 'DO NOT TRAVEL'The U.S. and European countries still warn against any travel to Iraq due to security concerns. The U.S. State Department website says: "Do not travel to Iraq due to terrorism, kidnapping, armed conflict, civil unrest". Few of the ancient ruins that dot the country have signs describing their significance, nor accredited tour guides.
Persons: Anna Nikolaevna, Jacob Nemec, Imam Ali, Alaa, Marjani, Jacob Nemec's, Nemec, Ahmed Fakak Al, Badrani, Al, General Abdel, Karim Sudani, Ali Hilal, Hilal, Timour Azhari, Maher Nazeh, Ahmed Saeed, Khalid al, Ros Russell Organizations: REUTERS, Islamic, Tourism, Reuters, Foreign, U.S . State Department, Thomson Locations: Russian, American, Najaf, Iraq, Marjani BAGHDAD, Reno , Nevada, Iran, U.S, Baghdad, Europe, United States, British, Babylon, Mosul, West, Al Qaeda, Islamic State, Ali, Canada, Babil, Mousily
Opinion | The Wannabe Putin in Saudi Arabia
  + stars: | 2023-06-28 | by ( Nicholas Kristof | ) www.nytimes.com   time to read: +1 min
foolishness” for strains in Russia-American relations — because they wanted a steady relationship, and Putin was unmistakably in control of an important country. My candidate for tomorrow’s Putin is Crown Prince Mohammed bin Salman of Saudi Arabia, better known as M.B.S. and trying to reset relations with him — even as he seeks a “civilian” nuclear program. is a wannabe Putin,” said Dr. Khalid Aljabri, a Saudi cardiologist who previously worked as a clinician for the Saudi counterterrorism agency. Aljabri, who has a brother and sister imprisoned in Saudi Arabia for political reasons, lives in the United States and is frustrated that the crown prince has, as he puts it, played Biden “like a fiddle.”
Persons: Vladimir Putin’s, , Putin, they’re, Crown Prince Mohammed bin Salman, Biden, M.B.S, , , Khalid Aljabri Organizations: , Crown, Biden “ Locations: Georgia, Crimea, Russia, Saudi Arabia, Saudi, United States
June 21 (Reuters) - Bahrain's state investment fund Mumtalakat is buying preference shares and warrants worth 400 million pounds ($510.48 million) in carmaker McLaren from Saudi Arabia's Public Investment Fund (PIF) and Ares Management (ARES.N), Sky News reported on Wednesday. The transaction will not lead to any new money being injected into McLaren, the Sky News report said, adding that an announcement from Mumtalakat on the deal will come on Thursday. The purchase will expand Mumtalakat's majority stake in McLaren group, which includes the British supercar maker as well as McLaren Racing. In July 2021, global investment firm Ares Management and Saudi's PIF provided much of a 550 million-pound equity investment in the McLaren group. Ares Management declined to comment, while McLaren and the PIF did not immediately respond.
Persons: carmaker McLaren, PIF, Ares Management, McLaren, Khalid Al Rumaihi, Bharat Govind Gautam, Chris Reese, Matthew Lewis Organizations: Saudi Arabia's Public Investment Fund, Ares Management, Sky News, McLaren, British, McLaren Racing, Reuters, Thomson Locations: Mumtalakat, Bengaluru
China's ties with the Middle East have warmed since Saudi Arabia and Iran restored diplomatic relations earlier this year — through discussions brokered by Beijing. Those tensions and increased regulatory scrutiny in both countries prompted many U.S.-based investors to hold off on investments in Chinese venture capital funds. Middle East capital is looking to step in, especially as countries such as Saudi Arabia and Qatar look to diversify from dependence on fossil fuels. However, many potential investments in Chinese funds are still in discussion, the venture capital funds said. Preqin data showed the share of Middle East sovereign wealth funds' investment in alternative assets worldwide roughly doubled between 2021 and the first half of 2022.
Persons: Faisal bin Farhan al, Saud, Hu Chunhua, Fayez Nureldine, Morgan Stanley, Khalid Al, CNBC's Dan Murphy, Falih, PIF, Massimo, Aysar Tayeb, Prosperity7, Tayeb, Abu Organizations: Saudi, Political Consultative, China Business Conference, Afp, Getty, BEIJING — Venture, U.S ., CNBC, Public Investment Fund, Investment, Conference, Prosperity7 Ventures, Business, of, Local Locations: Riyadh, BEIJING, China, Saudi Arabia, Iran, Beijing, U.S, Qatar, Middle East, Asia, East, Saudi, Al, Aramco, Hyperview, Shanghai, UAE, of Dubai, Abu Dhabi
watch nowSaudi Arabia sees China as a key partner in a multipolar world — with the two countries expected to only come closer as their common interests grow, Saudi Minister of Investment Khalid Al-Falih told CNBC. "And we believe that economic cooperation between China and Saudi Arabia and the GCC (Gulf Cooperation Council), and the entire Arab region, will be a significant part of that." The U.S. has military installments in Saudi Arabia, selling it advanced weaponry and providing training and joint operations with the Saudi military. Chinese President, Xi Jinping (L) is welcomed by Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud (R) at the Palace of Yamamah in Riyadh, Saudi Arabia on December 8, 2022. But we would see, going forward, more global champions from Saudi Arabia going to China to access a growing market of 1.4 billion high-consumption individuals."
Persons: Investment Khalid Al, Falih, — it's, CNBC's Dan Murphy, it's, Biden, Xi Jinping, Crown Prince, Saudi Arabia Mohammed bin Salman Al Saud, Saudi Crown Prince Mohammed bin Salman, Faisal bin Farhan, Antony Blinken, Fayez Nureldine Organizations: Saudi, Investment, CNBC, China Business Conference, GCC, Gulf Cooperation Council, U.S ., Anadolu Agency, Getty, Technology, Saudi Crown, Beijing, GCC Ministers, AFP Locations: Saudi Arabia, China, Riyadh, Africa, Central Asia, United States, Brazil, Russia, India, South Africa, U.S, Saudi, we're, Washington, Yamamah, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina and Saudi Arabia are significant players in the multipolar global order, says Saudi ministerKhalid Al Falih, Saudi investment minister, discusses ties between the two countries and says "the south now has many centers of excellence."
Persons: Khalid Al Falih Organizations: China Locations: Saudi Arabia, Saudi
Saudi investment minister Khalid Al-Falih on LIV Golf-PGA merger
  + stars: | 2023-06-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi Arabia interested in 'any sport that has consumers globally and domestically' for investmentSaudi investment minister Khalid al-Falih discusses the LIV Golf-PGA merger and the outlook for the kingdom's future investments in sports globally.
Persons: Khalid al, Falih Organizations: Saudi Locations: Saudi Arabia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi strategy is led by interests, and 'interests with China are strong and rising,' minister saysKhalid Al Falih, Saudi Arabia’s investment minister, discusses growing Saudi-China ties after the kingdom hosted the Arab-China Business Conference in Riyadh.
Persons: Khalid Al Falih Organizations: Saudi, China Business Conference Locations: China, Saudi, Riyadh
The controversial mega merger between the PGA Tour and Saudi Arabia's LIV Golf is just one step in the kingdom's ambitious tourism and investment strategy — and its pursuit of big-name sports is just getting started. "We're sort of a proponent to find 'all of the above' strategy in sport," Saudi Investment Minister Khalid Al-Falih told CNBC's Dan Murphy in Riyadh. The PIF is Saudi Arabia's Public Investment Fund, a $600 billion sovereign wealth fund controlled by Saudi Crown Prince Mohammed bin Salman. News that the PGA Tour and Saudi Arabia's LIV Golf were joining forces last week brought an end to a two-year battle between the archrivals. The agreement, which includes the DP World Tour — also known as the PGA European Tour — will combine the commercial businesses and rights of the PGA Tour and LIV Golf into a new, yet-to-be-named for-profit company.
Persons: LIV, Khalid Al, Falih, CNBC's Dan Murphy, Saudi Crown Prince Mohammed bin Salman, It's, LIV Golf, Organizations: PGA Tour, Saudi, Saudi Investment, Public Investment Fund, Saudi Crown, PGA Locations: Riyadh, Saudi Arabia, Saudi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNormalization with Iran is 'to our advantage on all fronts,' Saudi Arabia's investment minister saysKhalid Al Falih, Saudi Arabia's investment minister, discusses the benefits of his country's normalization of relations with longtime adversary Iran.
Persons: Khalid Al Falih Locations: Iran, Saudi
RIYADH, June 11 (Reuters) - The free trade deal being negotiated between China and the Saudi Arabia-dominated Gulf Cooperation Council needs to protect emerging Gulf industries, the Saudi investment minister said on Sunday, adding he hoped it would be finalised soon. "We need to enable and empower our industries to export, so we hope all countries that negotiate with us for free trade deals know we need to protect our new, emerging industries," Investment Minister Khalid al-Falih said. Talks on a China-GCC Free Trade Agreement (FTA) began in 2004 but have repeatedly stalled, most recently in 2016 after a ninth round. The Gulf's two biggest economies, Saudi Arabia and the United Arab Emirates, have launched new industrial strategies to boost domestic economic growth and non-oil exports. Saudi Arabia is developing sectors including domestic manufacturing, mining and minerals, and advanced technology.
Persons: Khalid al, Falih, Prince Mohammed bin Salman, Aziz El Yaakoubi, Lisa Barrington, Sharon Singleton Organizations: Gulf Cooperation Council, Investment, China Business Conference, GCC, Trade, United Arab Emirates, United Arab, Thomson Locations: RIYADH, China, Saudi Arabia, Saudi, Riyadh, Kingdom of Saudi Arabia, Gulf, United Arab Emirates
Abu Dhabi, UAE CNN —Saudi Arabia surprised traders again on Sunday with an oil production cut of about 1 million barrels a day, roughly 1% of global supply, which sent oil prices climbing. But Saudi Arabia knows that it cannot rely solely on a fluctuating oil market for income. Saudi Arabia targets $100 billion in annual foreign direct investment (FDI) by 2030. “We think about where most of the tourism development for Saudi Arabia, it’s along the Red Sea coast. Alongside China’s slowing economy and a sluggish oil market, there are fears for a potential global recession, with Russia’s ongoing war on Ukraine adding uncertainty to the market.
Persons: Amena Bakr, “ There’s, , Karen Young, Investment Khalid Al, Falih, CNN’s Becky Anderson, , , ” Falih, Prince Mohammed bin Salman, King Salman, Young, Bakr Organizations: UAE CNN —, Brent, Saudi, Organization of, Petroleum, Energy Intel, Monetary Fund, Columbia University Center, Global Energy, Forbes, Saudi Central Bank, , Investment, Gulf Cooperation, Investors, CNN, EU Locations: Abu Dhabi, UAE, UAE CNN — Saudi Arabia, Riyadh, Saudi Arabia, OPEC, Saudi, , Riyadh Monday, Gulf, Dubai, Turkey, Qatar, Syria, Yemen, Iran, Sudan, Red, China, Japan, Korea, Germany, Europe, United States, Ukraine
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