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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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi energy minister: We don't have to compete with China, we have to collaborateSaudi Arabia’s Prince Abdulaziz bin Salman says the kingdom doesn't have to compete with China. "We have to collaborate," he says.
Persons: Prince Abdulaziz bin Salman Organizations: Saudi Locations: China
RIYADH, June 11 (Reuters) - Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Sunday that the latest OPEC+ agreement involved comprehensive reform, but that the alliance was also working against "uncertainities and sentiment" within the market. "That is why we had this agreement," Prince Abdulaziz said at the Arab-China business conference in the Saudi capital Riyadh, when asked what was necessary to achieve market stability. "But also we are working against something called uncertainties and sentiments," he said. (This story has been refiled to fix the spelling of the minister's name in paragraph 1)Reporting by Aziz El Yaakoubi and Maha El Dahan; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Prince Abdulaziz bin Salman, Prince Abdulaziz, Aziz El Yaakoubi, El, Alex Richardson Organizations: Saudi Arabia's Energy, Thomson Locations: RIYADH, China, Saudi, Riyadh
PGA Tour Commissioner Jay Monahan spoke to employees about the merger with LIV Golf, WSJ reported. He reportedly suggested the cost of battling LIV Golf in court and on the green was unsustainable. "The PGA TOUR has never been a more valuable property," which the merger recognized via an investment, she added. PGA Tour announced the merger after a tough year of battling LIV Golf in court and on the green. PGA Tour players who have joined LIV include Phil Mickelson and Bubba Watson.
Persons: Jay Monahan, LIV Golf, , Joe Monahan, Monahan, LIV, Prince Mohammed bin Salman, Bertrand Guay, Phil Mickelson, Ben Jared, Bubba Watson Organizations: LIV, Saudi, Service, PGA Tour, Street, Getty, Saudi Public Investment Fund, PGA Locations: Ponte Vedra Beach , Florida, AFP, Saudi
President Biden vowed during his quest for the White House to make the Saudi crown prince, Mohammed bin Salman, a “pariah” over the killing and dismemberment of a dissident. He threatened the prince again last fall with “consequences” for defying American wishes on oil policy. Mr. Biden, visiting Saudi Arabia last year, fist bumped Prince Mohammed when they met and regularly dispatches officials to see him — including his secretary of state, Antony J. Blinken, this past week. Senator Graham grinned next to the prince — known by his initials M.B.S. — during a visit to Saudi Arabia in April.
Persons: Biden, Mohammed bin Salman, Lindsey Graham, Prince Mohammed, , Jay Monahan, , Antony J, Graham grinned, Monahan, LIV, , Abdullah Alaoudh Organizations: White, Republican, PGA Tour, PGA, LIV Golf, Freedom Initiative Locations: Saudi, Saudi Arabia, Washington
Saudi Arabian Crown Prince Mohammed bin Salman threatened the US amid an oil price dispute, leaks say. The crown prince is seeking to assert a more independent path from the US. In turn, Crown Prince Mohammed has mocked Biden behind his back, reported The Wall St. Journal, and believes he can secure nuclear technology from the US by playing rival powers off against each other. But Cafiero told Insider that despite marked differences and apparent personal antipathy between Biden and Crown Prince Mohammed, the Saudis remain committed to working with the US. "While the crown prince wants to work with Washington, he doesn't want anyone in the US to view Saudi Arabia as America's puppet state," he remarked.
Persons: Saudi Arabian Crown Prince Mohammed bin Salman, , State Anthony Blinken, Saudi Arabia's Crown Prince Mohammed bin Salman, Joe Biden, Biden's, it's, Biden, Giorgio Cafiero, Mohammed bin Salman, Cafiero, Jamal Khashoggi, Prince Mohammed Organizations: Saudi, Saudi Arabian Crown, Service, State, Saudi Arabia's Crown, State Department, CNN, The Washington Post, US, Washington , D.C, White House, White, Analytics, Biden, Washington Post, ., Washington Locations: Saudi Arabian, Riyadh, Saudi, Russia, Washington ,, China, Washington, Gulf, Saudi Arabia, Kingdom, America
He announced the output cut after the meeting, calling it a "Saudi lollipop". Saudi Arabia said it would cut output in July by 10% or 1 million barrels per day (bpd) to 9 million bpd and may extend cuts further if needed. As well as the Saudi cut, OPEC+ lowered its collective production target for 2024 and the nine participating countries extended the April voluntary cuts to the end of 2024. Nonetheless, all those producers stand to benefit if they can keep output the same or pump a bit more, especially if the Saudi cut boosts prices. "Saudi cuts are playing second fiddle to worries about the state of the global economy," said Stephen Brennock of oil broker PVM, although he added the Saudi cut could widen a supply deficit in July.
Persons: Prince Abdulaziz bin Salman, Prince Abdulaziz, Abu, Al Arabiya, Brent, Stephen Brennock, Rowena Edwards, Maha El, Simon Webb, David Evans Organizations: Saudi, Saudi Energy, Organization of, Petroleum, United Arab Emirates, Saudi Energy Ministry, OPEC's, Thomson Locations: Riyadh, Saudi, Saudi Arabia, Vienna, OPEC, Russia, Abu Dhabi, OPEC's Vienna, UAE, Nigeria, Angola, Friday's
[1/6] U.S. Secretary of State Antony Blinken looks on, as he attends a joint press conference with Saudi Foreign Minister Faisal Bin Farhan, at the Intercontinental Hotel in Riyadh, Saudi Arabia, June 8, 2023. "And we’re also collaborating with countries in the region to widen and deepen the normalisation of relations with Israel." Saudi Arabia went the other way in April in restoring ties with Iran, its key regional rival and Israel's arch-enemy, in a Chinese-brokered deal. Other rows have simmered over the Saudi intervention in Yemen's devastating conflict, China ties and oil prices. Saudi Arabia and other OPEC states say the organisation is not politicised and only seeks to stabilise energy markets.
Persons: Antony Blinken, Faisal Bin Farhan, Ahmed Yosri, Jake Sullivan, Crown Prince Mohammed Bin Salman, Karim Benzema, Blinken, we’re, Aziz Alghashian, Joe Biden's, Alghashian, Biden, Jamal Khashoggi, Blinken's, Prince Faisal bin Farhan, Vladimir Putin, Aziz El Yaakoubi, Humeyra Pamuk, Maha El, Mark Heinrich Our Organizations: Saudi Foreign, Intercontinental, REUTERS, U.S, Saudi, White House, Crown, Gulf Cooperation Council, Al, Blinken, MbS, GCC, United Arab, Thomson Locations: Riyadh, Saudi Arabia, Saudi, Israel RIYADH, U.S, Iran, Washington's, Al, French, Jeddah, Al Ittihad, Yemen, Sudan, Israel, East, United Arab Emirates, Bahrain, Gulf, Israeli, Russia, China, Istanbul, OPEC, Ukraine
The recent PGA-LIV golf merger is the latest example of growing Saudi influence on sports. Originally viewed as a deep-pocketed but unserious distraction from the PGA Tour, they effectively muscled into the picture through sheer financial willpower. The new PGA Tour might look a whole lot like the old one, except with a far wealthier outside party controlling the purse strings. And that's kind of been the Saudi strategy as Crown Prince Mohammed bin Salman has expanded his influence over multiple sports worldwide. Detailed below are the six recent high-profile examples of how the Saudi PIF keeps winning:
Persons: Mohammed bin Salman, LIV, Prince Mohammed bin Salman, Prince Mohammed's, Jamal Khashoggi, Saudi PIF Organizations: Saudi Public Investment Fund, Morning, PGA, LIV, PGA Tour, English Premier League team, Saudi, league, Prince, CIA Locations: England, Saudi, Saudi Arabia
Concluding his visit on Thursday, Secretary of State Blinken told reporters he raised human rights issues with Saudi officials and "made clear that progress on human rights strengthens our relationship." "Human rights are always on the agenda of the United States - that’s who we are," he said during a news conference. But some rights advocates argue the golf deal shows the administration has chosen geopolitics over human rights. New York-based Human Rights Watch (HRW) says scores of human rights activists and dissidents are in prison or on trial in Saudi Arabia and that the repression "spiked" following Biden's visit last year. The list included prominent cleric Salman al-Odah, children of former spy chief Saad al-Jabri, human rights defender Mohammed al-Qahtani and aid worker Abdulrahman al-Sadhan.
Persons: Saudi Crown Prince Mohammed bin Salman, Joe Biden, Prince Mohammed bin Salman, Jamal Khashoggi, LIV, Antony Blinken, Blinken, Biden, Seth Binder, Prince Faisal bin Farhan, Sarah Yager, Salman al, Saad al, Mohammed al, Abdulrahman, Saad Ibrahim Almadi, Tess McEnery, Humeyra Pamuk, Simon Lewis, Arshad Mohammed, Don Durfee, Daniel Wallis Organizations: Saudi Crown, Al, Saudi Royal Court, REUTERS, Saudi, Public Investment Fund, North, MbS, PGA, East Democracy, Biden, Rights Watch, Saudi Foreign, U.S, Twitter, Thomson Locations: Jeddah, Saudi Arabia, Bandar, REUTERS RIYADH, WASHINGTON, U.S, Riyadh, Washington, United States, Yemen, New York, China, Israel, OPEC, Russia, Florida
By the time Secretary of State Antony J. Blinken wrapped up a visit to Saudi Arabia on Thursday, he and Saudi officials had discussed cooperation on a smorgasbord of issues: Iran, Sudan, the Islamic State, regional infrastructure, clean energy and the potential normalization of Saudi-Israel relations. Mr. Blinken gave effusive remarks on the work being done at a news conference in Riyadh: “It is critical for expanding opportunity and driving progress for our people and for people around the world.”It was the type of bonhomie that American officials usually reserve for close allies. Mr. Blinken’s three-day visit to Saudi Arabia, which included a meeting with Crown Prince Mohammed bin Salman, the nation’s de facto leader, is the most obvious effort yet by the Biden administration to move past the hostility that President Biden expressed at the prince and his government last fall. The blowup took place after Saudi officials cut oil production despite a perception by U.S. officials that they had agreed to increase it. Mr. Biden vowed to impose “consequences.” But in the months since, the president and his top aides have come to accept what they see as a hard reality of the new geopolitical landscape, say analysts and people familiar with U.S. officials’ discussions: that Washington cannot afford to alienate powerful partners if it intends to compete with China and Russia across the globe.
Persons: Antony J, Blinken, Blinken’s, Crown Prince Mohammed bin Salman, Biden Organizations: Saudi, Crown, U.S Locations: Saudi Arabia, Iran, Sudan, Islamic State, Saudi, Israel, Riyadh, , Washington, China, Russia
Yet, these days, the sad truth is that Saudi Arabia has no need for sportswashing. And in December 2019, Saudi Arabia became president of the G-20, hosting a virtual summit because of the Covid-19 pandemic. The golf deal is a reminder that “money money money” is a formidable diplomatic political tool. A US brokered deal between Israel and Saudi Arabia would be a powerful counterpoint to China’s recently facilitated Iranian-Saudi détente. Of course, one can hardly be shocked to learn that where’s there’s money, golf and Saudi Arabia, there just might be a Trump angle as well.
Persons: Aaron David Miller, ” Miller, LIV Golf, Joe Biden’s, it’s, we’ve, you’re, Jamal Khashoggi, , Cristiano Ronaldo, Sen, Richard Blumenthal, Blumenthal, Biden, Saudi Crown Prince Mohammed bin Salman, It’s, LIV, can’t, Zelensky, Bashar al, Assad, Mahmoud Abbas, , Jake Sullivan, Antony Blinken, Trump, Eric Trump, Facebook George Orwell Organizations: Carnegie Endowment, International Peace, Democratic, Republican, CNN, PGA, English Premier League soccer, One, LIV, PGA Tour, Washington Post, Saudi Crown, MBS, Arab, US National, Trump, Twitter, Facebook, Saudi Locations: East, Saudi, United States, Saudi Arabia, Washington, Berlin, Sochi, Davos, Connecticut, China, Russia, Ukraine, Iran, Israeli, Israel, Iranian, Britain
[1/3] U.S. Secretary of State Antony Blinken attends a joint press conference with Saudi Foreign Minister Faisal Bin Farhan, at the Intercontinental Hotel in Riyadh, Saudi Arabia, June 8, 2023. Speaking at a press conference alongside his Saudi counterpart, Blinken said the "historic" reform drive known as Vision 2030 would require Saudi Arabia to attract talent from around the world. "I think it’s on its own merits and in Saudi Arabia’s interests to continue to pursue this modernisation including the expansion of human rights," Blinken said. He said he raised with Saudi officials specific cases of U.S. citizens detained in Saudi Arabia, but declined to go into details. As well as some U.S. nationals who are subject to travel bans, human rights advocates say scores of activists and dissidents are in prison or on trial in the kingdom.
Persons: Antony Blinken, Faisal Bin Farhan, Ahmed Yosri, Blinken, Prince Mohammed bin Salman, Jamal Khashoggi, Prince Mohammed, Prince Faisal bin Farhan, Humeyra Pamuk, Simon Lewis, Mark Heinrich Our Organizations: Saudi Foreign, Intercontinental, REUTERS, Saudi, Thomson Locations: Riyadh, Saudi Arabia, RIYADH, Saudi, U.S, Istanbul, Washington
But my enjoyment of his newfound Resistance shtick doesn’t bode well for Christie. The people he needs to win over are not liberal New York Times columnists, but voters who hate liberal New York Times columnists. The trick, for a Republican, is going to be painting Trump as a weak loser who will sabotage right-wing priorities. At times Christie tried to do this, as when he criticized Trump for his failure to build the border wall and repeal the Affordable Care Act. presidential nomination, would he be willing to accept the role of the presidential candidate of a 2024 center-right independent party?” Steinberg wrote in April.
Persons: Christie, , Trump, Alec Baldwin, Ivanka Trump, Jared Kushner —, you’ll, , Kushner, Prince Mohammed bin Salman, doesn’t bode, “ idolizing ” Vladimir Putin, Volodymyr Zelensky, Biden, John McCain, pander, filleting, Marco Rubio, he’s, Alan Steinberg, Bush, ” Steinberg Organizations: Trump, State, New York Times, Republican, Locations: State of New Jersey, Saudi Arabia, Ukraine, Europe
When a Saudi-backed upstart golf league began recruiting high-profile players from the top U.S. circuit, the American tour’s commissioner lamented a “foreign monarchy that is spending billions of dollars in an attempt to buy the game of golf.”The commissioner, Jay Monahan, who heads the PGA Tour, sniped at players who left for the new league, LIV Golf, hinting at the stain that the Saudi government’s human rights violations would leave on them. But on Tuesday, Mr. Monahan sat smiling with the head of the Saudi sovereign wealth fund to announce that the PGA Tour and LIV Golf were forming what promises to be a lucrative partnership. “I recognize that people are going to call me a hypocrite,” Mr. Monahan said later. “But circumstances do change.”The deal, if it goes forward, represents an enormous victory for Saudi Arabia and its de facto leader, Crown Prince Mohammed bin Salman, in a bid to become a major player in global sports, giving the kingdom considerable sway over the game of golf. But the significance of the moment transcends sports, as Saudi Arabia under Prince Mohammed seeks greater political influence in the Middle East and beyond.
Persons: Jay Monahan, sniped, LIV Golf, Monahan, LIV, , Mr, Prince Mohammed bin Salman, Prince Mohammed Organizations: PGA Locations: Saudi, Saudi Arabia
The Saudi Public Investment Fund is a government-controlled fund that has $650 billion in assets under management, according to its most recent filing. A state-owned investment fund like the PIF is not unique. Critics of LIV Golf accused the Saudis of backing the new tour as a form of “sportswashing” its reputation. For example it’s not clear exactly how much it invested to start up LIV Golf. CNN has not been able to confirm that report, but what is known is that LIV Golf tournaments have been held on Trump Organization properties.
Persons: petro, LIV Golf, LIV, Yasir Al, Rumayyan, Cristiano Ronaldo, Karim Benzema, , Elon Musk, Jared Kushner, Donald Trump’s, Kushner, Mohammed bin Salman, Bin Salman, Jamal Khashoggi, – CNN’s Coy Wire, Jack Bantock, Steve Almasy Organizations: New, New York CNN, Saudi, Saudi Public Investment Fund, Sovereign Wealth Fund, PGA, Soccer, Saudi Aramco, Newcastle United, Saudi Pro League, CNBC, Electronic Arts, EA, Activision Blizzard, Ticketmaster, Carnival Corp, Twitter, Washington Post, CNN, Trump Organization, US State Department, Congress Locations: New York, Europe, Saudi, English, Al, Saudi Arabia, al Qaeda
The Chris Christie beef with the Kushner family runs deep. Chris Christie and the Kushner family was once again center stage on Tuesday in what is shaping up to be a pretty petty presidential primary season. "Jared Kushner and Ivanka Kushner walk out of the White House and months later get $2 billion from the Saudis. But his beef with the Kushner family goes back much further than this campaign cycle. Jared Kushner went on to work for four years at the White House as a senior adviser to his father-in-law.
Persons: Chris Christie, Kushner, Christie, Jared Kushner, Alex Thompson, , Donald Trump —, Trump, Joe Biden, Trump —, Trump's, Ivanka Trump, Ivanka Kushner, Saudi Crown Prince Mohammed bin Salman, Jared, Jared's, Charles Kushner, savaging Sen, Marco Rubio, Mike Pence, PBS's Margaret Hoover, Mr, Charles Kushner's, Margaret —, Biden Organizations: Service, New, New Jersey Gov, Trump, White, Saudi Crown, Public Investment Fund, Kushner's Affinity Partners, New York Times, Federal, Commission, GOP Locations: New Hampshire, New Jersey, United States
It's lured some of the biggest golf stars away from the PGA Tour with huge paychecks, spurring antitrust lawsuits with the American organization. "This is Saudi Arabia buying the PGA tour," sports talk show host Rich Eisen said in his broadcast after hearing the news. USA Today sports columnist Christine Brennan called the move "a total wimp-out by the PGA Tour. Glyn Kirk | AFP | Getty ImagesSocial media was rife with self-described golf fans vowing to never again watch the PGA Tour. Pro golfer Phil Mickelson, another member of the LIV Tour, tweeted "Awesome day today" in response to the news.
Persons: LIV Golf, that's, , LIV, Saudi Crown Prince Mohammed bin Salman, It's, Jay Monahan, Rich Eisen, Pat Welter, it's, Christine Brennan, Tiger Woods, Glyn Kirk, Ron Wyden, Chris Murphy, Jamal Khashoggi, Saudi LIV, Monahan, Saudi Arabian Crown Prince Mohammed bin Salman, Jim Watson, Bryson DeChambeau, DeChambeau, Phil Mickelson, Jeffries, Yasir Al, Cristiano Ronaldo, Saudi Arabia's, Al Organizations: PGA Tour, Saudi, LIV Players, PGA, Saudi Arabia's Public Investment Fund, Saudi Crown, CNBC, Twitter, 150th, St, AFP, Getty, LIV, Washington Post, Amnesty, Saudi Arabian Crown, Saudi Embassy, Washington D.C, Saudi Foreign Ministry, CNN, Royal, Anadolu Agency, Getty Images Investment, Rumayyan, Nassr Football Club, Al Nassr Football Locations: Saudi Arabia, North Carolina, Saudi, Scotland, Oregon, Connecticut, American, Washington ,, Washington, videoconference, Riyadh, PIF, Portuguese
And the deal is also undeniably a great piece of business, assuming PGA Tour players accept it. And all pending litigation between LIV Golf and the PGA Tour was also mutually ended under the new agreement. He “co-opted the 9/11 community last year in the PGA’s unequivocal agreement that the Saudi LIV project was nothing more than sports washing of Saudi Arabia’s reputation,” the group said in a statement. Unresolved sporting conundrumsThere are as many sporting questions about the PGA Tour/LIV Golf partnership that remain unanswered. Then there is the question of how current PGA Tour members will respond.
Persons: LIV Golf, Arnold Palmer, Jamal Khashoggi, Prince Mohammed bin Salman, , LIV –, Jay Monahan, Monahan, , , Saudi LIV, ” Monahan, Dustin Johnson, Phil Mickelson, Patrick Reed, Cam Smith, Donald Trump, LIV, Trump, Khashoggi, ” Trump, Joe Biden, Antony Blinken, Tuesday’s LIV, Qataris, Cristiano Ronaldo, Karim Benzema, ” Yasir Al, Rumayyan, of Famer Greg Norman, Collin Morikawa, Mickelson, Alan Shipnuck, Shipnuck Organizations: CNN, PGA, Saudi, Post, Premier League, Global, Families United, Saudi shills, Crown, Formula One, NBA, Tour, Qatar, Soccer, Manchester City, United, Newcastle, Indian Premier League, Al, Real, Saudi Public Investment, , Saudi Public Investment Fund, CNBC, of Famer, Open, Twitter Locations: Washington, Saudi, Qaeda, Riyadh, China, Western Europe, East, India, United Arab Emirates, Saudi Arabia, Ittihad, Real Madrid, French
[1/5] Saudi Arabia's Crown Prince Mohammed bin Salman (L) meets with US Secretary of State Antony Blinken in Jeddah in Jeddah, Saudi Arabia June 7, 2023. Amer Hilabi/Pool via REUTERSJEDDAH, Saudi Arabia, June 7 (Reuters) - U.S. Secretary of State Antony Blinken had an "open, candid" conversation with Saudi Crown Prince Mohammed bin Salman in the early hours of Wednesday about a wide range of bilateral issues, a U.S. official said. Blinken and the crown prince, known as MbS, met for an hour and forty minutes, a U.S. official said, covering topics including Israel, the conflict in Yemen, unrest in Sudan as well as human rights. In April, Saudi Arabia restored ties with Iran, a regional rival and Israel's arch-foe. MbS and Blinken also discussed Yemen and potential ways to resolve remaining issues, while Blinken thanked the crown prince for the kingdom's role in pushing for a ceasefire in Sudan and helping evacuate U.S. citizens.
Persons: Saudi Arabia's Crown Prince Mohammed bin Salman, Antony Blinken, Amer Hilabi, Saudi Crown Prince Mohammed bin Salman, Prince Mohammed, Blinken's, Donald Trump, Jonathan Fulton, Fulton, Blinken, Humeyra Pamuk, Aziz El Yaakoubi, El, Raju Gopalakrishnan, Mark Potter Organizations: Saudi Arabia's Crown, REUTERS, Saudi Crown, U.S, MbS, United, New York Times, Saudi, However U.S, Atlantic Council, Washington, ., normalising Saudi, Twitter, Thomson Locations: Jeddah, Saudi Arabia, REUTERS JEDDAH, Iran, Washington, Riyadh, United States, Arabia, OPEC, Israel, Yemen, Sudan, East, United Arab Emirates, Bahrain, However, China, Arab, Beijing, Saudi
An announcement by the PGA Tour declared a partnership with the Saudi-backed LIV Golf, as well as the DP World Tour, unifying the trio under a new, yet-to-be-named, commercial entity. An eight-time winner on the PGA Tour and the 2020 US Open champion, DeChambeau’s move was a huge coup for LIV Golf. Yet many of the game’s biggest stars stayed put, with several becoming outspoken critics of LIV Golf. The latter purportedly turned down a $700 - $800 million offer to join the breakaway series, according to LIV Golf CEO Greg Norman. “I do feel bad for the PGA Tour players because they were told one thing and something else happened.
Persons: Bryson DeChambeau, , LIV, DeChambeau, DeChambeau’s, LIV Golf, Rory McIlroy, Tiger Woods, Greg Norman, CNN’s Kaitlan Collins, ” DeChambeau, it’s, Suhaimi Abdullah, Saudi Arabia’s, LIV Golf’s, Mohammed bin Salman, Jamal Khashoggi, Bin Salman, Quizzed, Collins, “ I’m, I’m, ” Bryson, Brett Eagleson, Maddie Meyer, Organizations: CNN, PGA Tour, Saudi Arabia’s Public Investment Fund, PGA, , LIV, Sentosa Golf Club, Saudi, Congress, United, America, Getty Locations: Saudi, Singapore, Saudi Arabia, Washington, al Qaeda
CNN —The US-based PGA Tour is set to partner with the Saudi-backed breakaway LIV Golf, ending a feud that has dogged the men’s professional game for the past year. A spokesperson for the PGA Tour told CNN that the new relationship between the PGA Tour, DP World Tour and LIV Golf is not a merger, but “a partnership/creation of a new commercial entity.”The LIV Golf series, backed by Saudi Arabia’s Public Investment Fund (PIF), officially launched in June 2022, with participating players subsequently barred from competing in PGA Tour events. “After two years of disruption and distraction, this is a historic day for the game we all know and love,” said PGA Tour Commissioner Jay Monahan. In August 2022, the four-time major winner told CNN that LIV Golf had “ripped apart” the men’s game. Tiger Woods was also critical, arguing in July 2022 that players who joined LIV Golf had “turned their back on what has allowed them to get to this position.”Woods had been critical of players to join LIV Golf.
Persons: LIV, LIV Golf, Mohammed bin Salman, , Jay Monahan, Monahan, Yasir Al, PIF, Rory McIlroy, Tiger Woods, , ” Woods, Richard Heathcote, Phil Mickelson, Mickelson Organizations: CNN, PGA, PGA Tour, Saudi Arabia’s Public Investment Fund, MBS, LIV Golf, Getty, Twitter Locations: Saudi, Saudi Arabia
White House national security adviser Jake Sullivan traveled to Saudi Arabia on May 7. Speaking at the pro-Israel lobby group the American Israel Public Affairs Committee on Monday, Blinken said Washington had "a real national security interest" in advocating for the normalization of diplomatic relations between Israel and Saudi Arabia, but cautioned that it will not happen quickly. "[Blinken should explain] why Chinese interests do not align with Saudi Arabia, and why closer relations in a strategic way inhibit closer relations with Washington," Goldberg said. U.S. citizens and residents with family members detained in Saudi Arabia called on Blinken in a letter on Tuesday to press Saudi officials for an immediate release of their relatives. The list included prominent cleric Salman al-Odah, children of former spy chief Saad al-Jabri, human rights defender Mohammed al-Qahtani and aid worker Abdulrahman al-Sadhan.
Persons: Antony Blinken, Prince Mohammed bin Salman, Jake Sullivan, Blinken, Washington, Richard Goldberg, Goldberg, Joe Biden, Prince Mohammed, Jamal Khashoggi, Biden, Bashar al, Assad, Salman al, Saad al, Mohammed al, Abdulrahman, Arshad Mohammed, Simon Lewis, Aziz El Yaakoubi, Leslie Adler, Sharon Singleton Organizations: Saudi, White House, diplomat's, Israel, American Israel Public Affairs, Foundation for Defense of Democracies, MbS, Arab, U.S, Thomson Locations: Saudi Arabia, Riyadh, Iran, Jeddah, U.S, Israel, Saudi, Washington, Syria
DUBAI, June 5 (Reuters) - Saudi Arabia's sovereign wealth fund will take control of four of the kingdom's top soccer clubs including Al-Nassr, which Cristiano Ronaldo plays for, as the government revives a plan to privatise several state-owned sports clubs. All are in the top-flight Saudi Professional League, except Al-Ahli which is in the second-tier Saudi First Division. The privatisation plan, mainly focused on soccer clubs and launched by Saudi Crown Prince Mohammed bin Salman, allows companies and development agencies to invest in and take over clubs, SPA reported earlier on Monday. The kingdom aims for the revenue of the Saudi Professional League to increase to 1.8 billion riyals ($480 million) annually by 2030 from 450 million riyals. Saudi oil giant Aramco will own Saudi First Division club Al-Qadsiah, Third Division side Alula FC will be owned by the Royal Commission for Al-Ula while First Division club al-Diraiyah FC will be controlled by Diriyah Gate Development Authority.
Persons: Cristiano Ronaldo, PIF, Saudi Crown Prince Mohammed bin Salman, Ula, Ronaldo, Al Nassr, Lionel Messi, Jana Choukeir, Yousef Saba, Sriraj Kalluvila, Emelia Organizations: Al, Public Investment Fund, Twitter, Saudi Professional League, Saudi, Division, Saudi Crown, Second Division, NEOM, Saudi First Division, Alula FC, Royal Commission, First Division, Diraiyah FC, Diriyah, Development Authority, Investment, Premier League, Newcastle United, Reuters, Thomson Locations: DUBAI, Saudi, al, Ittihad, Al, Ahli, Hilal, Saudi Arabia, Portuguese, Argentina
These comments represent just one of the contradictions in the current oil market. The desire for a stable oil market is extremely difficult to reconcile with being unpredictable. But the risk is that the increase isn't sustained, largely as a result of another oil market contradiction. It's another contradiction for the oil market to resolve as those three exporters are all under some form of Western sanctions. It may well be the case that the second half of this year sees a huge pick-up in crude oil demand.
Persons: Prince Abdulaziz bin, Brent, Sonali Paul Organizations: Organization of, Petroleum, Saudi Energy, Brent, International Energy Agency, SECOND, Saudi Aramco, Aramco, Reuters, Thomson Locations: LAUNCESTON, Australia, Saudi, OPEC, Vienna, Russia, China, India, Saudi Arabia
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