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☆ Saudi Arabia offers tax breaks for companies moving regional HQs to Riyadh
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

Saudi Minister of Finance Mohammed Bin Abdullah Al-Jadaan attends the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 15 July 2022. The programme has so far attracted 200 foreign companies, Saudi Investment minister Khaled Al-Falih was quoted as saying. "The new tax exemptions granted on regional headquarters activities will give .... international companies in the kingdom more clarity of vision and stability," Saudi Finance Minister Mohammed Al-Jadaan said, according to SPA. Foreign companies have scrambled to meet the Saudi condition to relocate their regional headquarters after the kingdom said in October the deadline will be enforced. Foreign firms have for years used neighbouring United Arab Emirates as a springboard for their regional operations, including for Saudi Arabia.

Persons: Finance Mohammed Bin Abdullah Al, Jadaan, Jan, Prince Mohammed bin Salman, Khaled Al, Falih, Mohammed Al, ” Jadaan, Aziz El, Bill Berkrot Organizations: Finance, Ministers, Central Bank Governors, Rights, United, United Arab Emirates, International, Saudi Investment, Saudi Finance, Games, , Thomson Locations: Saudi, Nusa Dua, Bali, Indonesia, Rights RIYADH, Saudi Arabia, United Arab, United Arab Emirates

On Monday, Prince Abdulaziz bin Salman, energy minister and the key climate negotiator, for the kingdom, was a no-show at the Saudi Green Initiative. "The climate finance that they have pledged at this COP28 is simply not enough," said Pakistani activist Zaigham Abbas, whose country was devastated last year by widespread flooding. Elsewhere, France and Japan said they would support a move by the African Development Bank to leverage IMF Special Drawing Rights for climate and development. This year also features the biggest-ever representation of business at the annual U.N. summit, amid hopes for more private investment toward climate causes. "The scale of the climate crisis demands urgent and game-changing solutions from every industry," COP28 President Ahmed Al-Jaber said.

Persons: COP28, Johanna Geron, Prince Abdulaziz bin Salman, Crown Prince Mohammad bin Salman, Nicholas Stern, Mia Mottley, Antonio Guterres, Zaigham Abbas, Abu Dhabi, Ahmed Al, Jaber, Simon Jessop, Maha El, Al Sayegh, Alexander Cornwell, Elizabeth Piper, David Stanway, Katy Daigle Organizations: of, European Union, REUTERS, Companies, Saudi, United, United Arab Emirates, Saudi Green Initiative, Crown, Grantham Research, Asian Peoples ' Movement, Development, African Development Bank, European Bank for Reconstruction, Copenhagen Infrastructure Partners, BlackRock, HSBC, Finance, Reuters, Thomson Locations: Dubai, Brussels, Belgium, Companies UAE, DUBAI, COP28, United Arab, Saudi Arabia, Sharm el, Sheikh, Egypt, Paris, China, Grantham, Barbados, France, Japan, Copenhagen, Abu

☆ Putin to visit UAE, Saudi Arabia this week - Russian news outlet
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

Sputnik/Mikhail Klimentyev/Pool via REUTERS Acquire Licensing RightsMOSCOW, Dec 4 (Reuters) - Russian President Vladimir Putin will visit the United Arab Emirates and Saudi Arabia this week, Russian news outlet Shot reported on Monday, citing Putin's aide Yury Ushakov. Markets reacted with scepticism to the deal because of doubts about whether the voluntary cuts would be fully implemented. The figure of 2.2 million bpd included an extension of existing Saudi and Russian voluntary cuts of 1.3 million bpd. Shot quoted Ushakov as saying Putin would go first to UAE and then to Saudi Arabia, where negotiations would take place mainly with Crown Prince Mohammed bin Salman. Neither Saudi Arabia nor the UAE is a member of the court either, so Putin can travel to both countries without fear of being arrested under the ICC warrant.

Persons: Vladimir Putin, Mikhail Klimentyev, Yury Ushakov, Brent, Putin, Prince Mohammed bin Salman, Ushakov, Mark Trevelyan, Gareth Jones Organizations: Sputnik, REUTERS Acquire, Rights, United Arab, UAE, Soviet Union, Criminal Court, ICC, Reuters, Thomson Locations: Moscow, Russia, United Arab Emirates, Saudi Arabia, OPEC, Saudi, China, United States, Ukraine, UAE

☆ US and India’s strengthening bond is weak on trust
▼ + stars: | 2023-11-30 | by ( Una Galani | ) www.reuters.com time to read: +4 min

REUTERS/Kevin Lamarque Acquire Licensing RightsMUMBAI, Nov 30 (Reuters Breakingviews) - Trust between the United States and India is eroding. It says it will investigate security concerns aired by the United States. Trying that on the United States would be more consequential: Apple (AAPL.O) and Tesla (TSLA.O) are looking to build supply chains in the country, and the U.S. is the largest market for India’s people-heavy IT services companies. The United States and India may draw a quick line under the murder-for-hire episode, but it will sow a lasting seed of doubt in the relationship. Prosecutors did not name the Indian official.

Persons: Kevin Lamarque, soberly, ”, Justin Trudeau, Joe Biden, Narendra Modi, Saudi Arabia’s Crown Prince Mohammed bin Salman, Jamal Khashoggi, Nikhil Gupta, “, Arindam Bagchi, Neil Unmack, Oliver Taslic Organizations: White, REUTERS, Rights, Reuters, U.S . Department of Justice, U.S, Companies, Micron, General Electric Aerospace, Ottawa, Global, Saudi Arabia’s Crown, Indian, U.S . Justice, New, New York City, Prosecutors, “ Security Management, Thomson Locations: India, Washington , U.S, Rights MUMBAI, United States, Delhi, American, China, Asia, Canada, U.S, Vietnam, Saudi, Istanbul, Manhattan, New York

☆ An American model who moved to Spain says she initially thought the relaxed work culture was strange but now she loves it
▼ + stars: | 2023-11-29 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

Princess Keisha, an American model and Nigerian royal, recently moved from the UK to Spain. She said she admires Spain's relaxed work culture and family-oriented sense of community. She is married to Prince Kunle, crown prince of the Arugbabuwo ruling house in Nigeria. The model is also impressed with the country's relaxed work culture, although she admits that she initially found it difficult to get used to. Advertisement"In America in particular, working hard, having the best house, the biggest house, and work, work, work, is pretty much the culture," Keisha said.

Persons: Keisha, Brexit, Spain's, —, Keisha Omilana, Prince Kunle, Princess Keisha, PATRICK MCMULLAN, Patrick McMullan, Kunle, It's Organizations: Service, Tribeca, Getty, New, Union Locations: American, Spain, Valencia, London, Spanish, Nigeria, New York City, Dubai, Europe

☆ PGA Tour commissioner says he's talking to possible investors ahead of Saudi deal deadline
▼ + stars: | 2023-11-29 | by ( Drew Richardson | ) www.cnbc.com time to read: +4 min

PGA Tour Commissioner Jay Monahan speaks during a press conference prior to the TOUR Championship at East Lake Golf Club on August 24, 2022 in Atlanta, Georgia. PGA Tour Commissioner Jay Monahan said Wednesday that the organization is talking to several potential investors as a deadline to clinch a deal with Saudi Arabia's Public Investment Fund rapidly approaches. LIV and the PGA Tour were engaged in an antitrust legal battle dating back to last year. The deal had the PGA Tour retaining control in the face of an existential threat, he added. The PIF and "likely another co-investor with significant experience in business and sports will help the PGA Tour take share from other sports and be even more competitive."

Persons: Jay Monahan, " Monahan, Yasir bin Othman Al, Saudi Crown Prince Mohammed bin Salman, Monahan, LIV Golf, LIV, Phil Mickelson, Tiger Woods, Rory McIlroy, Saud Arabia's Organizations: East Lake Golf Club, PGA, Saudi Arabia's Public Investment Fund, The New York Times, Saudi Crown, PGA Tour, Public Investment Fund, Boston Red Sox, Fenway Sports Group, Endeavor Group Holdings, Endeavor Locations: Atlanta , Georgia, Saudi

A huge billboard advertising Riyadh, Saudi Arabia as candidate of the World Expo 2030 is seen in Paris as the host country of The World Expo 2030 will be elected by BIE Member States that will gather in the 173rd General Assembly in Paris, France, November 25, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Nov 28 (Reuters) - Saudi Arabia's Riyadh won the right to host the Expo 2030 world fair, vote results showed on Tuesday, in another diplomatic victory for a Gulf country after the Qatar soccer World Cup last year. South Korea's Busan and Italy's Rome were also in the running to host the world fair, a five-yearly event that attracts millions of visitors and billions of dollars in investment. The Saudi capital has proposed to host the event between October 2030 and March 2031. Saudi had in particular won French support, irking Rome.

Persons: Gonzalo Fuentes, Cristiano Ronaldo, Crown Prince Mohammed bin, Prince Faisal bin Farhan Al Saud, Prince Mohammed, Jamal Khashoggi, Emmanuel Macron, Elizabeth Pineau, Michel Rose, Christina Fincher, Richard Chang Organizations: BIE Member, 173rd, Assembly, REUTERS, Rights, Saudi Arabia's, Qatar, Korea's, Riyadh, Busan, Rome, Saudi, Al, Crown, Saudi Foreign, irking, Thomson Locations: Riyadh, Saudi Arabia, Paris, BIE, BIE Member States, France, Saudi, Saudi Arabia's Riyadh, Korea's Busan, Italy's Rome, irking Rome, Lebanon

A huge billboard advertising Riyadh, Saudi Arabia as candidate of the World Expo 2030 is seen in Paris as the host country of The World Expo 2030 will be elected by BIE Member States that will gather in the 173rd General Assembly in Paris, France, November 25, 2023. South Korea's southeastern city of Busan is competing against Saudi Arabia's Riyadh and Italy's Rome. More than one vote will be necessary if no country gets a majority at the first ballot. Italian Prime Minister Giorgia Meloni personally got involved in trying to persuade international leaders to back the Rome bid, giving it her full political backing. Rome is looking to use the Expo as a way of attracting investment, much as Milan did when it successfully hosted the 2015 Expo.

Persons: Gonzalo Fuentes, Roberto Gualtieri, Crown Prince Mohammed bin, Prince Mohammed, Jamal Khashoggi, Yoon Suk Yeol, Giorgia Meloni, Michel Rose, Elizabeth Pineau, Crispian Balmer, Giselda Vagnoni, Hyonhee, Christina Fincher Organizations: BIE Member, 173rd, Assembly, REUTERS, PARIS, Saudi, City, Crown, Paris . South, Thomson Locations: Riyadh, Saudi Arabia, Paris, BIE, BIE Member States, France, Busan, Saudi's Riyadh, Italy's Rome, Italy, South Korea, South, Rome, Saudi, Lebanon, Paris ., Korea, Italian, Milan, Europe, Dubai, Osaka, Japan, Seoul

Saudi Arabia won the bid to host the World Expo 2030 in a landslide on Tuesday, delivering a triumph to Crown Prince Mohammed bin Salman, the kingdom’s de facto ruler, as he seeks to reshape the authoritarian country’s international image — and his own. Saudi Arabia won 119 of the 165 votes, easily defeating South Korea and Italy. The win gives Saudi Arabia the chance to bask in the global spotlight in the year that the crown prince’s plan to diversify the kingdom’s oil-dependent economy, “Vision 2030,” is meant to conclude. The victory also demonstrates how, once again, he has been able to wield the kingdom’s power, money and influence to overcome attempts to isolate Saudi Arabia over human rights concerns and efforts to stereotype it as a desert backwater with little to offer the world. He has sought to position himself as an indispensable global leader and the kingdom as a major destination for business and tourism.

Persons: Prince Mohammed bin Salman, ” Organizations: South, Saudi Locations: Saudi Arabia, Paris, South Korea, Italy

☆ Pack your jerseys. The era of 'sports tourism' is here
▼ + stars: | 2023-11-27 | by ( Randy Mulyanto | Marylou Costa | ) www.cnbc.com time to read: +6 min

Sports tourism, as it's called, is one of the fastest-growing sectors in the travel industry, according to the United Nations World Tourism Organization. "The sport tourism market will continue as long as new opportunities to play and compete exist," she said. Justin Setterfield | Getty Images Sport | Getty ImagesFor some countries, these events are an opportunity to raise their international standing. Patrick Smith | Getty Images Sport | Getty ImagesTravel + Leisure Co. and Sports Illustrated Resorts announced plans to open a network of sports-themed resorts in American college towns. Ryan Pierse | Getty Images Sport | Getty Images

Persons: Lisa Delpy Neirotti, George, Neirotti, Delpy, Justin Setterfield, Cristiano Ronaldo, Dustin Johnson, Saudi Crown Prince Mohammed bin Salman, Delpy Neirotti, Lewis Hamilton, Kym Illman, Jay Wardle, Narendra Modi, Robert Cianflone, Gianni Infantino, Major League Baseball —, Patrick Smith, GetYourGuide, Ryan Pierse Organizations: Summer, Games, Sports, United Nations World Tourism Organization, George Washington University's, Management, Sport, Padres, NFL, MLB, FIFA, Getty, CNBC Travel, Saudi Crown, Fox News, Adara, ICC Men's Cricket, The Bank of Baroda Economics Research, Narendra, MotoGP, Rugby, Las Vegas, Companies, Major League Baseball, Sports Illustrated Resorts, University of Alabama —, McLaren Technology, U.S ., CNBC, Olympic Games, Olympic Locations: Mexico City, Germany, London, Brisbane, Australia, Saudi Arabia, China, Qatar, Singapore, India, New Zealand, Indonesia, France, United States, Tuscaloosa , Alabama, U.S, New York

☆ Bahrain seeks to balance anger over Gaza with ties to Israel, US
▼ + stars: | 2023-11-24 | by ( Alexander Cornwell | ) www.reuters.com time to read: +7 min

The deal to normalise ties with Israel, signed in 2020 by Bahrain when Donald Trump was president, brought few business benefits to Bahrain, unlike those it offered United Arab Emirates, a regional commercial hub which signed at the same time. Six sources familiar with the matter told Reuters Bahrain would not abandon its ties with Israel, even though parliament - a body that remains subservient to the monarchy - has made a strident statement suggesting Israel relations were in the freezer. Bahrain is trying to preserve the relationship with Israel while also managing public opinion, one of the sources said. "They can't abandon normalisation with Israel without endangering this whole strategic framework," said Kristin Smith Diwan, a researcher at the Arab Gulf States Institute in Washington. The sources said the public confusion over relations with Israel appeared to have eased pressure on the government in its efforts to balance domestic outrage and ties with Israel.

Persons: Hamad I Mohammed, Donald Trump, Kristin Smith Diwan, Abraham, Israel, Mamdooh Al Saleh, Smith, Tobias Lindner, Alexander Cornwell, Maha El, Ari Rabinovitch, Dan Williams, Michael Georgy, William Maclean Organizations: Hamas, REUTERS, Rare, U.S . Navy Fifth Fleet, United, Reuters, Gulf States Institute, Bahraini, Abraham, Islamic, Abraham Accords, Thomson Locations: Israel, Palestinian, Muharraq, Bahrain, MANAMA, Gaza, Gulf, United States, Iran, Manama, United Arab Emirates, Reuters Bahrain, Washington, UAE, Saudi Arabia, Bahraini, Jerusalem, Bahrainis, Tehran, Islamic Republic, East, U.S, Kingdom of Bahrain, Maha El Dahan, Dubai

BEIJING, Nov 20 (Reuters) - Arab and Muslim ministers called on Monday for an immediate ceasefire in Gaza, as their delegation visited Beijing on the first leg of a tour to push for an end to hostilities and to allow humanitarian aid into the devastated Palestinian enclave. Saudi Arabia has sought to press the United States and Israel for an end to hostilities in Gaza, and Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, gathered Arab and Muslim leaders to reinforce that message. Gaza's Hamas-run government said at least 13,000 Palestinians have been killed in Israeli bombardments since then, including at least 5,500 children. 'BROTHER AND FRIEND'China's Wang said Beijing was a "good friend and brother of Arab and Muslim countries," adding it has "always firmly supported the just cause of the Palestinian people to restore their legitimate national rights and interests." Reporting by Yew Lun Tian, Laurie Chen and Beijing newsroom; Editing by Edmund Klamann & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Wang Yi, Prince Faisal bin Farhan Al Saud, Israel, Prince Mohammed bin Salman, Sameh Shoukry, Beijing Irit Ben, Abba, China's Wang, COVID lockdowns, Xi, Wang, Zhai Jun, Yew Lun Tian, Laurie Chen, Edmund Klamann, Simon Cameron, Moore Organizations: . Security, of Islamic Cooperation, Saudi Foreign, Court, Hamas, Western, Palestinian Authority, West Bank, Arab League, EU, Palestine, United Nations, Thomson Locations: BEIJING, Gaza, Beijing, Saudi Arabia, Jordan, Egypt, Indonesia, Palestine, Riyadh, Palestinian, United States, Israel, China, China's

☆ COP28’s big challenge: green cash for poor states
▼ + stars: | 2023-11-15 | by ( George Hay | ) www.reuters.com time to read: +7 min

Rather than drawing attention to this paucity of ambition, al-Jaber wants states to commit to trebling global capacity of renewable energy by 2030. Progress in China and the West is largely a function of cash: these regions accounted for 84% of the $1.3 trillion committed to global climate finance in 2022. They calculate that by 2030, developing countries need to invest around $2.4 trillion a year in order to decarbonise their economies. The problem is that the developed world has consistently missed targets to channel climate cash to less developed counterparts. In September al-Jaber announced a $4.5 billion scheme to deploy UAE state cash and private sector resources to help Africa decarbonise.

Persons: al, Jaber, hasn’t, Nicholas Stern, Stern, Ajay Banga, Mark Carney, Shriti Vadera, Larry Fink, Joko Widodo, UAE Crown Prince Mohammed bin Zayed, Nahyan, Breakingviews, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Reuters, United, Conference of, Abu Dhabi National Oil Company, United Nations, International Energy Agency, The, IEA, World Bank, concessional, Bank, Bank of England, Prudential, BlackRock, U.S, Indonesian, Africa decarbonise, UAE Crown, Thomson Locations: United Arab Emirates, Abu Dhabi, Paris, China, The U.S, British, Egypt, Indonesia, Japan, South Africa, Vietnam, U.S, Al, UAE, Africa, COP28, Dubai

☆ Boeing wins orders worth $52 billion from Emirates at the Dubai Air Show
▼ + stars: | 2023-11-14 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Emirates announced an order worth $52 million that includes 90 Boeing 777s at the Dubai Air Show . The orders marked a significant win for Boeing on the first day of the air show. AdvertisementAdvertisementDUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates opened the Dubai Air Show Monday with a $52 billion purchase of Boeing aircraft, showing how aviation has bounced back after the groundings of the coronavirus pandemic, even as Israel's war with Hamas clouds regional security. Emirates, a main economic engine for Dubai amid its booming real estate market, announced record half-year profits of $2.7 billion Thursday. The deal includes 28 Boeing 737-8s and 17 Boeing 737-10s models, as well as the opportunity for another 45 Boeing 737 MAX aircraft.

Persons: —, Sheikh Hamad bin Mohammed Al Maktoum, Sheikh Ahmed bin Saeed Al Maktoum, Sheikh Saeed, Stan Deal, — Rafael, Israel Aerospace Industries —, Rafael, Khalifa Hifter Organizations: Emirates, Boeing, Dubai Air, Service, United Arab Emirates, Investment Corporation of Dubai, Al, Dubai World, Dubai International Airport, U.S . Air Force, Defense Systems, Israel Aerospace Industries, IAI, Meets Technology, Russian Helicopters, U.S, Roscosmos, Russian Knights, Associated Press, Libyan National Army, AP, United, Haqqani, Airbus, International Air Transport Association ., . Emirates, Riyadh Air, Turkish Airlines, Anadolu, Lufthansa, MAX, Royal Jordanian, Royal Air Maroc Locations: DUBAI, United Arab, Dubai, Sheikh, Emirates, Israel, Ukraine, Iran, UAE, Abu Dhabi, Russian, Afghan, Al, Riyadh, Saudi, Latvia, France

CNN —Iranian President Ebrahim Raisi is in the Saudi capital Riyadh for a major summit on the Israel-Hamas war, where Arab leaders pressed for an end to the conflict. It marks the first trip by an Iranian leader to Saudi Arabia in 11 years after the two countries restored diplomatic relations in March. He shook hands with Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS), the heir to the Saudi throne and the country’s de facto ruler. A significant number of Arab leaders are attending the emergency gathering Saturday, titled the Joint Arab Islamic Extraordinary Summit. The summit is being hosted by Saudi Arabia in response to the “unprecedented circumstances in Gaza,” according to a statement released by the Saudi Ministry of Foreign Affairs.

Persons: Ebrahim Raisi, Saudi Arabia’s Crown Prince Mohammed bin Salman, Raisi, ”, we’ve, “, Mahmoud Abbas, Hassan Nasrallah, Israel’s, Bashar al, Assad Organizations: CNN, Saudi Arabia’s Crown, Palestinian, –, Hamas, Arab, Saudi Ministry of Foreign Affairs, Arab League Locations: Saudi, Riyadh, Israel, Saudi Arabia, …, Al, Aqsa, ”, Gaza, United States, Washington, Palestine, Iran

☆ Turkey calls for international conference to reach permanent peace in Middle East
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +3 min

Turkey's President Tayyip Erdogan arrives to attend Organisation of Islamic Cooperation (OIC) summit in Riyadh, Saudi Arabia, November, 11, 2023. Saudi Press Agency/Handout via REUTERS Acquire Licensing RightsANKARA, Nov 11 (Reuters) - Turkey's President Tayyip Erdogan said on Saturday that an international peace conference should be convened to find a permanent solution to the conflict between Israel and the Palestinians. Erdogan was addressing a joint Islamic-Arab summit in Saudi Arabia's capital Riyadh, where leaders gathered to urge Israel to end hostilities in Gaza. A permanent solution to the conflict between Israel and Palestinians depends on the formation of a Palestinian state based on 1967 borders, Erdogan said. "We believe that an international peace conference will provide the most suitable basis for this.

Persons: Tayyip Erdogan, Erdogan, Saudi Arabia's Crown Prince Mohammed bin Salman, Abdel Fattah al, Sisi, Israel, Amihay Eliyahu's, Benjamin Netanyahu, Eliyahu, Huseyin Hayatsever, Kirsten Donovan, Christina Fincher Organizations: Islamic Cooperation, Saudi Press Agency, Handout, REUTERS Acquire, Rights, Saudi Arabia's Crown, Israel's, International Atomic Energy Agency, Federation of American, Thomson Locations: Riyadh, Saudi Arabia, Rights ANKARA, Israel, Saudi Arabia's, Gaza, Turkey, United States, Britain, Palestinian

☆ Iran and Saudi Arabia, Regional Rivals, Call for Gaza Cease-Fire
▼ + stars: | 2023-11-11 | by ( Ahmed Al Omran | Yara Bayoumy | ) www.nytimes.com time to read: +2 min

The leaders of Iran and Saudi Arabia, regional rivals who restored diplomatic ties this year, met in Riyadh on Saturday at a summit where they called for an immediate cease-fire in Gaza and unconditional delivery of humanitarian aid to the enclave, which Israeli forces have besieged since the Oct. 7 Hamas attacks. But it was unclear whether the shift would lead to a lasting détente between Saudi Arabia’s Sunni monarchy and Iran’s Shiite government. Israel’s bombardment of Gaza, however, appears to have hastened the warming of ties between Saudi Arabia and Iran, just as delicate diplomacy had been inching Saudi Arabia and Israel toward possible normalization of relations. Iran, which Israel considers its most dangerous foe, is a powerful patron of Hamas. President Ebrahim Raisi of Iran, whose visit to Saudi Arabia was the first by an Iranian president to the kingdom in more than a decade, was greeted at the summit venue by Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman.

Persons: Ebrahim Raisi, Prince Mohammed bin Salman, Raisi Organizations: Mr, Hamas Locations: Iran, Saudi Arabia, Riyadh, Gaza, China, Saudi, Israel

☆ Nigeria gets refineries investment, forex pledge from Saudi Arabia
▼ + stars: | 2023-11-10 | by ( Felix Onuah | ) www.reuters.com time to read: +3 min

REUTERS/Temilade Adelaja/File Photo Acquire Licensing RightsABUJA, Nov 10 (Reuters) - Nigeria and Saudi Arabia on Friday agreed to a series of investment and cooperation deals, including a pledge by the Saudi government to invest in the revamp of Nigeria's oil refineries and provide financial support to sustain the government's foreign-exchange reforms. Under Tinubu, Nigeria has embarked on the boldest reforms in decades, scrapping a popular petrol subsidy and unifying the country's multiple exchange rates as part of measures "aimed at improving the ease of doing business." Information Minister Mohammed Idris said the Saudi government pledged to make "a substantial deposit of foreign exchange to boost Nigeria's forex liquidity". "Nigeria and Saudi Arabia have always enjoyed a special relationship at both the bilateral and multilateral levels. The two leaders agreed to work together over the next six months to "develop a comprehensive road map and blueprint" to deliver on the investments, Idris said.

Persons: Bola Tinubu, Temilade, Saudi Crown Prince Mohammed bin Salman, Mohammed Idris, Idris, Tinubu, Ajuri Ngelale, Boko, Felix Onuah, Elisha Bala, Emelia Sithole, Matthew Lewis, David Evans Organizations: REUTERS, Rights, Saudi Crown, Saudi Aramco, Thomson Locations: Abuja, Nigeria, Rights ABUJA, Saudi Arabia, Saudi, Africa, Riyadh, Tinubu, Africa's

☆ Saudi crown prince calls for end of war in Gaza
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: 1 min

Saudi Arabia's Crown Prince Mohammed bin Salman attends the Arab League summit, in Jeddah, Saudi Arabia, May 19, 2023. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS/File photo Acquire Licensing RightsRIYADH, Nov 10 (Reuters) - Saudi Arabia's crown prince called on Friday for an end to the war in Gaza. "We condemn what the Gaza Strip is facing from military assault, targeting of civilians, the violations of international law by the Israeli occupation authorities," Crown Prince Mohammed Bin Salman said during an African-Saudi summit held in the kingdom's capital, Riyadh"We stress on the need to stop this war and the forced displacement of Palestinians." Reporting by Aziz El Yaakoubi; Writing by Nayera Abdallahl; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Crown Prince Mohammed bin Salman, Mohammed Bin Salman, Aziz El Yaakoubi, Nayera Abdallahl, Alison Williams Organizations: Saudi, Crown, League, Saudi Royal Court, REUTERS, Rights, Thomson Locations: Jeddah, Saudi Arabia, Bandar, Rights RIYADH, Saudi, Gaza, African, Riyadh

Net profit fell to $32.6 billion for the quarter to Sept. 30, above the $31.8 billion expected by 12 analysts in a company-provided forecast. The Saudi oil producer said lower oil prices and volumes were partially offset by a reduction in production royalties, which are linked to Brent prices. Chevron (CVX.N) and Exxon Mobil (XOM.N) last month reported sharp year-on-year falls in third-quarter profit as energy prices cooled. Saudi Aramco logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Back in 2021, Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, said that Saudi Aramco would sell more shares, with the proceeds going to bolster the PIF, the Vision 2030's main funding source.

Persons: Brent, Aramco's, Dado Ruvic, Prince Mohammed bin Salman, Hadeel Al Sayegh, Yousef Saba, Miral Fahmy, Jason Neely, Tomasz Janowski Organizations: DUBAI, Saudi Aramco, Chevron, Exxon Mobil, Reuters Graphics, OPEC, Aramco, REUTERS, Investment Fund, Energy, RBC, Riyadh bourse, Wall Street, Thomson Locations: Saudi, Reuters Graphics Saudi Arabia, Saudi Arabia, Aramco, Riyadh

☆ Fenway chairman confirms talks with PGA Tour as doubts grow about LIV Golf deal
▼ + stars: | 2023-11-06 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Fenway Sports Group Chairman Tom Werner on Monday acknowledged that the company has held talks with the PGA Tour as the golf organization's framework agreement with Saudi-backed LIV Golf faces new doubts. Werner, who spoke alongside PGA Tour star Rory McIlroy, said that the players "will decide the direction the tour goes." McIlroy had been outspoken in his disdain for LIV Golf, saying in July that if LIV Golf was "the last place to play golf on earth, I would retire." LIV lured PGA Tour players, like Phil Mickelson, to with deals worth hundreds of millions of dollars. McIlroy sounded a friendlier note Monday, when asked about the potential for a renewed rivalry between the PGA Tour and LIV Golf.

Persons: Tom Werner, LIV Golf, we've, Werner, CNBC's Scott Wapner, Rory McIlroy, LIV, Alan Shipnuck, McIlroy, Critics, Prince Muhammad bin Salman, Tiger Woods, LIV Golf's, Phil Mickelson, McIlroy's Organizations: Fenway Sports, PGA Tour, PGA, Boston Red Sox, Liverpool FC, Veteran, Endeavour Group Holdings, WWE, UFC, Saudi Arabia's Public Investment Fund, Saudi, Tiger, Tour, ESPN, TGL, Fenway, Boston, CNBC Locations: Saudi, U.S

☆ New orders lift Saudi non-oil business activity growth to four-month high
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +2 min

New business expanded faster with the new orders subindex surging to 66.1 in October, also a four-month high, from 64.2 the previous month. The growth in output and new business was spread across most sectors, including manufacturing and construction, the survey showed. Growth in output remained high although the subindex eased to 60.1, weaker than the long run trend. The employment subindex rose to a nine-year high of 54.5 in October from 52.0 in September. The government estimates non-oil economic growth in 2023 of around 6%, significantly outperforming overall GDP growth.

Persons: Naif Al, Ghaith, Prince Mohammed bin Salman, Rachna Uppal, Hugh Lawson Organizations: Bank Saudi, Riyad Bank, Thomson Locations: DUBAI, Saudi Arabia, Bank Saudi Arabia, Saudi

☆ Saudi Arabia eyes stake in $30 bln Indian Premier League - Bloomberg News
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

Nov 3 (Reuters) - Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League (IPL), the world's richest cricket league, Bloomberg News reported on Friday, citing people familiar with the matter. Saudi Arabian Crown Prince Mohammed bin Salman's advisers have spoken to Indian government officials about moving the IPL into a holding company valued at as much as $30 billion, the report said. The Board of Control for Cricket in India (BCCI), the custodian of the IPL, did not immediately respond to Reuters' request for a comment. IPL is one of the richest leagues in the world and has been attracting top players and coaches to India since its inaugural edition in 2008. Reporting by Nilutpal Timsina in Bengaluru; Editing by Shinjini Ganguli and Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Saudi Arabian Crown Prince Mohammed bin, Nilutpal, Shinjini Ganguli, Shilpi Majumdar Organizations: Indian Premier League, Bloomberg, Saudi Arabian Crown, IPL, Control, Cricket, BCCI, Reuters, Thomson Locations: Saudi Arabia, Saudi, India, Bengaluru

GENEVA (AP) — The near certainty that Saudi Arabia will host the 2034 men's World Cup unites two of the most influential men in world sports: the leader of soccer's governing body and the kingdom's crown prince. In the case of Saudi Arabia, U.S.-based journalist Jamal Khashoggi was slain inside the Saudi Consulate in Istanbul in 2018. The men’s World Cup should earn Switzerland-based FIFA more than $10 billion in almost entirely tax-free revenue. “Mohammed bin Salman wants Saudi Arabia to be a hub of anything and everything,” Middle East expert James Dorsey said. Then came the COVID-19 pandemic and FIFA canceled the planned June 2021 relaunch in China of its Club World Cup event.

Persons: Gianni Infantino, Prince Mohammed bin Salman, sportswashing, Jamal Khashoggi, Prince Mohammed, Infantino, King Salman, Prince Mohammed's, “ Abraham, ”, Donald Trump, ” Infantino, Mohammed's, Cristiano Ronaldo, “ Mohammed bin Salman, James Dorsey, Greece —, —, Australia –, they’ve, James Johnson, “, Yasser Al Misehal –, – Organizations: GENEVA, FIFA, Australia, Qatar, White House, “ Abraham Accords, United Arab, Soccer, Newcastle, Russia, Saudi, ” Football Australia, ” FIFA, FIFA Council, Fox News Locations: Saudi Arabia, Persian, Saudi, U.S, Istanbul, Riyadh, Switzerland, Gulf, Israel, United Arab Emirates, Bahrain, Europe, Swiss, China, Qatar, United States, Canada, Mexico, Egypt, Greece, Africa, South America, Asia, Oceania, Saudi Arabian, Australia

☆ Saudi Arabia Is Set to Be Sole Bidder for 2034 World Cup
▼ + stars: | 2023-10-31 | by ( Tariq Panja | More About Tariq Panja | ) www.nytimes.com time to read: +1 min

FIFA’s move to speed up the bidding for 2034 surprised many, coming 11 years before the scheduled start of the tournament and a full three years before the 2034 host was supposed to be decided. FIFA also said only bidders from Asia and Oceania, two of soccer’s six regional confederations, could be considered for selection. Saudi Arabia, which had for years been public about its desire to host the World Cup, moved fast to secure the tournament after FIFA set the rules this month. In the face of that support, Australian officials concluded they would have been overmatched if they challenged Saudi Arabia to secure the votes of the majority of FIFA’s 211 federations. Saudi Arabia has signed agreements in the past year with scores of FIFA’s member nations, committing millions of dollars to projects across Asia and lavishing attention on Africa, where it signed an agreement with the regional governing body and sponsored a new tournament.

Persons: Prince Mohammed bin Salman, Sheikh Salman bin Ibrahim al Khalifa Organizations: FIFA, Saudi Locations: Asia, Oceania, Saudi Arabia, Bahrain, Australia, Africa, Tashkent, Uzbekistan, Saudi Arabian

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