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☆ Saudi Arabia soccer spending ranks second in the world as it bids to become global powerhouse
▼ + stars: | 2023-09-08 | by ( Matthew Ward-Perkins | ) www.cnbc.com time to read: +4 min

watch nowThe Saudi Arabian soccer transfer window has slammed shut, marking the end of a historic summer of spending from clubs based in the Gulf state. Saudi clubs outspent four of the "big five" soccer leagues, the first time another league has outspent any members of the dominant European grouping since 2016. However, human rights groups and activists have criticized the high levels of soccer investment from Saudi Arabia and other countries in the Middle East, with accusations of "sportswashing" leveled at the country. The European Club Association, which represents 220 soccer clubs from across Europe, discussed the impact of Saudi Arabia's investment in the sport at its General Assembly this month. "We believe in ourselves … we have the best competition in the world, the biggest clubs in the world, the best players in the world.

Persons: Mohamed Salah, Hilal, spender, CNBC's David Faber, Yasir Al, Rumayyan, Glazer, Nasser Al, Khelaifi, Karim Benzema Organizations: Saudi Arabia's Pro League, English Premier League, Liverpool, country's Public Investment Fund, Chelsea FC outspent, Public Investment, Manchester United Saudi, Manchester United, Saudi, European Club Association, Assembly, Champions League, Afp, Getty Locations: Saudi, Gulf, Al, Ittihad, Ahli, Hilal, Saudi Arabia, Europe

☆ Saudi soccer dominance could still take 'decades' despite reported $332 million Mbappé bid
▼ + stars: | 2023-07-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

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

The field of players teeing it off on Thursday is unchanged since the USGA previously said that, like the three other majors, it would allow both PGA Tour and LIV golfers to compete. But the feuds that broke out between golfers from the rival leagues is unlikely to be patched up so quickly. Broadcasters hope viewers will be able to put the drama of the new deal to the side and focus on the tournament. "Not to be too Pollyannaish about the whole thing, but we're right in the middle of Hollywood so let's write a good Hollywood script," NBC commentator Dan Hicks said. Reporting by Rory Carroll in Los Angeles Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: LIV Golf, Jay Monahan, LIV, Gene Sykes, LACC, Scottie Scheffler, Jon Rahm, Rory McIlroy, Sykes, Dan Hicks, Rory Carroll, Christian Radnedge Organizations: country's Public Investment Fund, Los Angeles Country Club, Reuters, USGA, Broadcasters, Hollywood, NBC, Thomson Locations: ANGELES, Saudi Arabia, LA, U.S, Saudi, Los Angeles

☆ Saudi Arabia has announced a new airline to bring in tourists as it tries to attract 100 million visitors to the kingdom by 2030
▼ + stars: | 2023-03-13 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Saudi Arabia announced a new airline that will connect its capital city to over 100 destinations worldwide. On Sunday, Crown Prince Mohammed bin Salman announced Riyadh Air — a new national airline that will connect Saudi Arabia to over 100 destinations across the globe by 2030. But cultural clashes may deter tourists from entering Saudi Arabia's newly opened doors. However, some experts say travelers should look at the bigger picture before blacklisting Saudi Arabia as a leisure destination, and consider the opportunity as a learning experience. "Frankly, it would be hard to name a single destination with a clean record on the environment, animal welfare, and human rights."

☆ Boeing and Airbus facing off to win 80-aircraft order for new Saudi airline, report says
▼ + stars: | 2022-10-24 | by ( Stephen Jones | ) www.businessinsider.com time to read: +2 min

Saudi Arabia's Public Investment Fund is negotiating with Airbus and Boeing for new planes, per a report. Fund officials want to order about 80 planes for a new national airline, Bloomberg reported. The country's Public Investment Fund (PIF) is in negotiations with Airbus and Boeing to secure orders for as many as 80 new planes for the airline, Bloomberg reported. In September 2022, Arabian Business reported the airline would be named RIA and could use Boeing 737s and Airbus A320s. It's not clear whether the order reported by Bloomberg will be exclusive to one company, or split between the two.

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