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The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo Acquire Licensing RightsLONDON/DUBAI, Oct 6 (Reuters) - OPEC has raised its medium- and long-term oil demand outlook in a forthcoming report, three OPEC sources said, despite the transition toward renewable energy, highlighting the oil exporting group's more bullish view compared to other forecasters. Higher oil demand would be a boost for producers and the 13-nation OPEC and would underscore the need for continued investment. It also highlights OPEC's more bullish view on the oil demand outlook compared to the International Energy Agency (IEA) and other forecasters. The 2022 version of OPEC's report sees oil demand reaching a plateau after 2035.

Persons: Ramzi Boudina, Haitham Al Ghais, Prince Abdulaziz bin Salman, Fatih Birol, Alex Lawler, Maha El, Simon Webb, Sharon Singleton Organizations: Organization of, Petroleum, REUTERS, OPEC, of, International Energy Agency, Saudi Energy, IEA, Financial Times, Thomson Locations: Algiers, Algeria, DUBAI, Riyadh, Saudi Arabia, OPEC, Vienna

Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, known as OPEC+, held an online meeting. The panel, named the Joint Ministerial Monitoring Committee, can call for a full OPEC+ meeting if warranted. Saudi Energy Minister Prince Abdulaziz bin Salman, who chairs the JMMC, last month said OPEC+ cuts were needed to stabilise the market, and prices were not being targeted. Ahead of the meeting, OPEC+ sources had told Reuters that policy was likely to remain steady although with oil rallying, some analysts had cited an increasing probability the Saudi voluntary cuts will be reduced. The next JMMC meeting is on Nov. 26, the statement said, the same day as the next scheduled full meeting of OPEC+ to decide policy.

Persons: Ramzi Boudina, Prince Abdulaziz bin Salman, Ahmad Ghaddar, Olesya Astakhova, El, Alex Lawler, Simon Cameron, Moore, Elaine Hardcastle Organizations: Organization of, Petroleum, REUTERS, LONDON, Oil, Brent, Saudi, Saudi Energy, Reuters, Thomson Locations: Algiers, Algeria, Saudi Arabia, Russia, MOSCOW, DUBAI, OPEC, Saudi

☆ Senators warn Biden that a defense pact with 'authoritarian' Saudi Arabia in exchange for normalizing ties with Israel hurts American interests
▼ + stars: | 2023-10-04 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

20 senators are warning President Biden against a defense agreement with Saudi Arabia. The US is considering a defense pact to entice Saudi Arabia to normalize relations with Israel. The New York Times reported last month that the Biden administration is considering a security agreement with Saudi Arabia "resembling those with Japan or South Korea." While saying they share the White House's goal of restoring ties between its two Middle Eastern allies, the senators argue that a defense pact with Saudi Arabia would upend decades of US policy. The effort to normalize relations between Israel and Saudi Arabia was kickstarted during the Trump administration, despite Crown Prince Mohammed bin Salman ordering the killing of an American citizen, Jamal Khashoggi, according to a US intelligence assessment.

Persons: Biden, —, Washington's, Chris Murphy of, John Fetterman of, Dick Durbin, Trump, Prince Mohammed bin Salman, Jamal Khashoggi, Axios, Jared Kushner Organizations: Service, The New York Times, Illinois Locations: Saudi Arabia, Israel, Japan, South Korea, Riyadh, Chris Murphy of Connecticut, John Fetterman of Pennsylvania, Saudi, American

☆ U.S. ambassador insists America remains the top foreign policy actor in the Middle East
▼ + stars: | 2023-10-04 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Ambassador to the United Arab Emirates Martina Strong believes the U.S. is unequivocally the most important foreign policy actor in the Middle East. Her comments come roughly one year after President Joe Biden threatened "consequences" for Saudi Arabia after the OPEC kingpin slashed oil production along with its allies against Washington's wishes. Biden's administration has been notably quiet about recent OPEC+ output cuts, however, even as oil prices have rallied close to $100 a barrel. Saudi Arabia has recently shown signs of steering toward China and Russia after rekindling relations with Iran through Beijing-mediated talks and receiving an invitation to join the emerging economies' BRICS alliance. Asked by CNBC's Dan Murphy whether the U.S. remained the most important foreign policy actor in the region, Strong replied, "Absolutely.

Persons: United Arab Emirates Martina Strong, Joe Biden, Washington's, Biden's, CNBC's Dan Murphy, Strong, Saudi Arabia's Crown Prince, Mohammed bin Salman, Narendra Modi, Evelyn Hockstein Organizations: United Arab Emirates, U.S ., UAE, Saudi Arabia's Crown, India's, Bharat, Afp, Getty Locations: U.S, Saudi Arabia, Israel, China, Russia, Iran, Beijing, New Delhi

☆ Bust of slain commander forces cancellation of soccer match between Iranian and Saudi teams
▼ + stars: | 2023-10-03 | by ( Mostafa Salem | ) edition.cnn.com time to read: +4 min

The Quds Force is an elite unit that handles Iran’s overseas operations – and one designated as a terrorist organization by the US and Saudi Arabia. Riyadh severed ties with Tehran in 2016 after Iranian protesters stormed the Saudi embassy in the capital following the execution of a Shiite Muslim cleric in Saudi Arabia. The recent détente however brought hopes of long-lasting peace as Saudi Arabia redirects its resources toward economic development. Iranian and Saudi teams competed last month for the first time in seven years in Iran, where billboards in the streets welcomed the Saudi teams in English, Arabic and Farsi. Iranian soccer fans have also been seen wearing Saudi team jerseys after the kingdom’s clubs made high-profile purchases of international soccer stars.

Persons: Qasem Soleimani, Soleimani, Donald Trump, Ittihad, Tasnim, Morteza Salehi, Mohammad Reza Saket, –, Saudi Arabia’s Crown Prince Mohammed bin Salman, ” Organizations: UAE CNN —, Asian Champions League, Saudi, Sepahan FC, Jahan, Iranian Revolutionary Guards, Force, Quds Force, US, Al, Sepahan, Asian Football Confederation, AFC, Saudi Press Agency, AFP, Getty, CNN, Soccer, Saudi Arabia’s Crown, MBS Locations: Abu Dhabi, UAE, Saudi, Iran, United States, Al, Ittihad, Naghsh, Isfahan, Saudi Arabia, China, Tehran, Riyadh, AFP, Iranian

☆ Iran's Khamenei says normalising Israel ties is a losing bet - state media
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

[1/3] Iran's Supreme Leader Ayatollah Ali Khamenei speaks during a meeting with commanders and a group of members of the Islamic Revolutionary Guard Corps in Tehran, Iran August 17, 2023. Office of the Iranian Supreme Leader/WANA (West Asia News Agency) via REUTERS/File Photo Acquire Licensing RightsDUBAI, Oct 3 (Reuters) - Iran's Supreme Leader Ayatollah Ali Khamenei said that countries seeking to normalise relations with Israel "are betting on a losing horse", state media reported on Tuesday. Khamenei did not identify the countries, but expectations that Israel might normalize ties with Iran's regional rival Saudi Arabia, the home of Islam's two holiest shrines, have been ratcheted up this month. "The definite position of the Islamic Republic is that countries that make the gamble of normalisation with Israel will lose. Four Arab states have formalised ties with Israel in pacts known as the Abraham Accords -- the United Arab Emirates, Bahrain, Sudan and Morocco.

Persons: Ayatollah Ali Khamenei, Khamenei, Benjamin Netanyahu, Iran hasn't, Prince Mohammed bin Salman, Israel, Netanyahu, Joe Biden, Abraham, Alex Richardson, William Maclean Organizations: Islamic Revolutionary Guard Corps, Iranian, West Asia News Agency, REUTERS, Rights, Iran's, Israel's, Abraham Accords, Saudi, MbS, U.S, United Arab, Dubai Newsroom, Thomson Locations: Tehran, Iran, Rights DUBAI, Israel, Saudi Arabia, Islamic Republic, Israeli, Saudi, United Arab Emirates, Bahrain, Sudan, Morocco

☆ Biden’s Gulf allies want an ‘ironclad’ security pact with the US. Here’s what it might look like
▼ + stars: | 2023-10-02 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +8 min

“They (the Americans) don’t want to see Saudi Arabia shifting their armament from America to another place,” Saudi Crown Prince Mohammed bin Salman (MBS) told Fox News’ Bret Baier in an interview last month. Gulf states have over the past few years faced attacks they have blamed on Iran and its proxies, and have found the US’ response to them inadequate. Among the Gulf states, Bahrain, which hosts the US Navy’s Fifth Fleet, was the first to be declared a MNNA in 2002. It is however unclear if the US would commit to a treaty that would require it to come to the Gulf states’ defense in case of attack. The president can offer some concessions without Senate ratification, he said, but that won’t meet Gulf states’ requirements.

Persons: Biden, don’t, Prince Mohammed bin Salman, Bret Baier, Anwar Gargash, ”, ” Ali Shihabi, Saudi Arabia’s, Israel –, Joe Biden, Jean, Loup, David Des Roches, ” Des Roches, Washington’s, Gargash, Des Roches, Samaan, “ Organizations: UAE CNN, United, United States ’, United Arab Emirates, Fox News, US, Hoover Institution, Stanford University, Saudi, Washington, MBS, Gulf, NATO Allies, NATO, Fifth, US Central Command, Middle East Institute of, National University of Singapore, “, Autonomy, East South Asia Center for Security Studies, Pentagon, Senate, ”, CNN Locations: Abu Dhabi, UAE, United States, Washington, East, Saudi Arabia, America, Saudi, New York, Iran, U.S, Israel, Japan, South Korea, Tokyo, Seoul, Bahrain, Qatar, China, Russia, Gulf

☆ Saudi Arabia is pouring billions into soccer, golf, and Formula 1. Its crown prince doesn't care if anyone calls it 'sportswashing.'
▼ + stars: | 2023-09-30 | by ( George Glover | ) www.businessinsider.com time to read: +9 min

Saudi Arabia is pouring billions into sports in a bid to transform its economy. Crown Prince Mohammed bin Salman has made the sector a key part of his Vision 2030 plan. But the reality is that the crown prince has a grander ambition: to level up Saudi Arabia's economic growth. "But Saudi Arabia is piling into other sports too, because they want to achieve a lot in a short period of time." AdvertisementAdvertisementAs Crown Prince Mohammed made clear last week, all this forms part of a broader strategy to supercharge Saudi Arabia's economy through investment.

Persons: Prince Mohammed bin Salman, bankrolled, —, Cristiano Ronaldo, Phil Mickelson, Anthony Joshua, –, Jamal Khashoggi, they've, Steve Luciano, AP Ronaldo, Al Nassr, Ballon, Karim Benzema, Neymar, Sadio, PIF, LIV Golf, Mickelson, Dustin Johnson, Brooks Koepka, LIV, Joshua, that's, Tyson Fury, Oleksandr Usyk, Frank Warren, Prince Mohammed, Mohammed bin Salman, Leon Neal, Simon Chadwick, Chadwick, megastars, Ronaldo –, Salman, bin Salman, Saudi Arabia –, St Andrews, Nick Kyrgios, who've, Elsa, he'd, they'll Organizations: Newcastle United, Service, Washington Post, Saudi, Investment Fund, Premier League, UEFA Champions League, Saudi Public Investment Fund, Newcastle, AP, Saudi Pro League, Georgetown University Qatar, PGA, WWE, Fox News, SKEMA Business School, Indian Premier League, FIFA Locations: Saudi Arabia, Saudi, England, Riyadh, Brazil, Liverpool, Kingdom, Jeddah, Lille, France, Reiche, Iran, Miami, Augusta, bankroll

Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, known as OPEC+, meet on Oct. 4. The panel, called the Joint Ministerial Monitoring Committee, can call for a full OPEC+ meeting if warranted. Four OPEC+ sources who declined to be named said the committee would probably not make any changes to existing policy during Wednesday's online meeting. With oil rallying, some analysts have cited an increasing probability the Saudi voluntary cuts will be reduced. The next full OPEC+ meeting is not until November.

Persons: Leonhard Foeger, Prince Abdulaziz bin Salman, Ahmad Ghaddar, Maha El, Olesya Astakhova, Alex Lawler, Dmitry Zhdannikov, Emelia Organizations: Organization of, Petroleum, REUTERS, LONDON, Oil, Brent, Saudi Energy Ministry, Saudi Energy, Saudi, OPEC, Thomson Locations: Vienna, Austria, Saudi, Russia, DUBAI, MOSCOW, OPEC, Saudi Arabia

Saudi Crown Prince Mohammed bin Salman receives U.S. President Joe Biden at Al Salman Palace upon his arrival in Jeddah, Saudi Arabia, July 15, 2022. Washington could also sweeten any deal by designating Saudi Arabia a Major Non-NATO Ally, a status already given to Israel, the U.S. source said. "Saudi Arabia supports a peace plan for the Palestinians, but this time it wanted something for Saudi Arabia, not just for the Palestinians." SEEKING ISRAELI COMMITMENTSIsrael's Prime Minister Benjamin Netanyahu has hailed the possibility of a "historic" peace with Saudi Arabia, the heartland of Islam. Yet, even if the U.S, Israel and Saudi Arabia agree, winning support from lawmakers in the U.S. Congress remains a challenge.

Persons: Prince Mohammed bin Salman, Joe Biden, NATO Ally, Biden, Washington, Benjamin Netanyahu, Netanyahu, Mahmoud Abbas, Jamal Khashoggi, China, Samia Nakhoul, James Mackenzie, Dan Williams, Ali Sawafta, Aziz El Yaacouby, Steve Holland, Matt Spetalnick, Humeyra Pamuk, Patricia Zengerle, Edmund Blair Organizations: Al, Saudi Royal Court, REUTERS Acquire, Defence, NATO, Saudi, U.S, U.S . Navy Fifth, Saudi Arabia, U.S . State Department, U.S . Atomic Energy, Israel's, MbS, Fox, Israel, West Bank, Palestinian Authority, West, Biden's Democratic Party, Washington Post, Congress, Thomson Locations: Saudi, Jeddah, Saudi Arabia, Bandar, Bahrain, Washington, Israel, United States, U.S, Riyadh, Iran, Tehran, Japan, Egypt, West Bank, East Jerusalem, Yemen, Beijing, Dubai, Jerusalmen

☆ Saudi soccer league says big-money player purchases are only the first step in a long-term strategy
▼ + stars: | 2023-09-28 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

The big-spending Saudi Pro League is aiming to build its global broadcasting presence and become one of the top 10 soccer leagues in the world, its chief operating officer, Carlo Nohra, told CNBC on Thursday. The league dominated the sports headlines over the summer as Saudi clubs cumulatively spent more than $1 billion in transfer fees and attracted some of the biggest names from Europe's top leagues with mammoth contract offers. Speaking to CNBC at the APOS conference in Bali, Indonesia, on Thursday, Nohra said that Saudi Arabia's strategy is "extremely long term," but that the acquisition of players was the first step. watch nowThe kingdom's massive investment in sport is part of a broader effort to diversify its economy away from oil by investing in commercial infrastructure to become a tourism, leisure and entertainment powerhouse. Nohra explained that the objectives handed down to the Saudi Pro League's bosses were to firstly improve on-pitch performance through the acquisition of world-class players, to fill the country's stadia and ultimately to drive the commercialization of the vastly improved overall product.

Persons: Carlo Nohra, cumulatively, Neymar, Sadio Mane, Ballon, Karim Benzema, Cristiano Ronaldo, Nohra, Prince Mohammed bin Salman Organizations: Saudi Pro League, CNBC, English Premier League, Liga, Germany's Bundesliga, Serie, Ligue, Saudi, Fox News, Saudi Pro Locations: Saudi, Bali , Indonesia

☆ Endeavor, Fenway Sports consider investment in the PGA Tour
▼ + stars: | 2023-09-28 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017. The discussions, which are in preliminary stages, stem from a PGA Tour investment vehicle created as part of the framework agreement for its proposed deal with PIF. "Throughout 2023, the PGA Tour has demonstrated its strength, reach and value as an enterprise. In June, the PGA Tour announced a proposed deal that would see it combine with rival LIV Golf following months of lawsuits and competition between the two. The deal between LIV and the PGA Tour has faced criticism and controversy.

Persons: LIV, Saudi Crown Prince Mohammed bin Salman, PIF Organizations: Investment, Endeavor Group Holdings, Fenway Sports Group, PGA Tour, PGA, Public Investment Fund, Endeavor, Fenway, Bloomberg, LIV Golf, Saudi Crown, LIV, UFC, Wrestling Entertainment, Major League Baseball's Boston Red Sox, Liverpool Football Club, National Hockey League's Pittsburgh Penguins Locations: Cromwell , Connecticut, Saudi

☆ Saudi Arabia announces crucial step forward in its nascent nuclear power plans
▼ + stars: | 2023-09-26 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

The announcement put the spotlight on the kingdom's nascent nuclear energy efforts — Saudi Arabia has a small nuclear reactor, a research unit set up with the help of Argentina, that it has not yet put into operation. The Saudi energy minister did not comment on whether his country would also join the IAEA's Additional Protocol, which requires more thorough oversight including snap inspections. Saudi Crown Prince Mohammed bin Salman said in a recent wide-ranging interview with Fox News that if Iran developed nuclear weapons, Saudi Arabia would too. U.S. assistance with a nuclear energy program is one of Saudi Arabia's key demands — but not everyone is happy about that. The multilateral Obama-era deal had allowed the lifting of economic sanctions on Iran in exchange for curbs to its nuclear program.

Persons: Crown Prince Mohammed bin Salman, Al, Mandel Ngan, Prince Abdulaziz bin Salman Al Saud, Rafael Grossi, Thomas Kronsteiner, Grossi, Saud, Prince Abdulaziz's, Prince Mohammed bin Salman, Mohammed bin Salman's, Saudi Arabian Crown Prince Mohammed bin Salman Al Saud, Joe Biden, Narendra Modi, Evelyn Hockstein, Yair Lapid, Donald Trump, ATTA KENARE Organizations: Saudi, Crown, AFP, Getty Images, International Atomic Energy Agency, IAEA, Saudi Energy, Governors, CSA, United, Fox News, CBS, West, Saudi Arabian Crown, Indian, Biden, Obama, Iranian, Getty Locations: Royal, Saudi, Jeddah, Getty Images Saudi Arabia, Vienna, Austria, Saudi Arabia, Argentina, United Arab Emirates, Iran, Russia, Ukraine, China, New Delhi, India, Riyadh, Washington, Israel, Tehran, Bushehr

☆ Iran’s president defends uranium enrichment after Europeans ‘trampled on their commitments’
▼ + stars: | 2023-09-24 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

They (European states) trampled upon their commitments,” Raisi told CNN’s Fareed Zakaria in New York on the sidelines of the UN General Assembly this week. Nuclear power, which Iran says is the purpose of its nuclear program, requires uranium to be enriched to 3% to 5%. There is also concern that if Iran’s nuclear program is not kept in check, it could lead to further nuclear proliferation in the Middle East. The agreement capped Iranian uranium enrichment at 3.67% in exchange for sanctions relief. “Now, you see that the Iranians and the Americans have reached an understanding that has toned down Iran’s nuclear program, in which Europe played no role,” Vaez said.

Persons: Ebrahim Raisi, ” Raisi, CNN’s Fareed Zakaria, Saudi Arabia’s Crown Prince Mohammed bin Salman, Donald Trump, Ali Vaez, ” Vaez, Iran hasn’t, “, ” Organizations: CNN, “, UN, Assembly, International Atomic Energy Agency, IAEA, Reuters, Saudi Arabia’s Crown, European Union, US, Group, Tehran, ”, Iran’s, Agency, Crisis Locations: New York, Islamic Republic of Iran, Iran, Natanz, Tehran, Israel, East, United States, Washington, …, “, Islamic Republic, ” Tehran, France, Germany, United Kingdom, Europe, Qatar

☆ Saudi Arabia and the UAE are battling to become the Middle East's economic superpower
▼ + stars: | 2023-09-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +11 min

Saudi Arabia's crown prince is shaking up his economy in a move escalating its UAE rivalry. In March, Saudi Arabia unveiled Riyadh Air , a new airline serving as an alternative to the UAE's Emirates and Etihad Airways. If you want to do business with Saudi Arabia or Saudi state-owned entities, you've got to base your regional HQ in Saudi Arabia." "Saudi Arabia sees the separation project in Yemen as a way to let the Houthis control the north and therefore have a more-threatening border at the south of Saudi Arabia." Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERSHow far the rivalry between the two nations goes largely depends on Saudi Arabia's actions.

Persons: Saudi Arabia's, Mohammed bin Salman, Sheikh Mohamed bin Zayed Al Nahyan, MBZ, Obama, You've, Kristian Ulrichsen, Rice, Sheikh Mohamed, Prince Mohammed, Sheikh Mohamed —, —, Leon Neal, Shaybah, Ulrichsen, Sheikh Zayed, Sultan Al Nahyan, Abu, Prince Mohammed bin Salman, Neom, Abishur Prakash, Jorg Greuel, Abdullah Alaoudh, Prakash, you've, Saudi Crown Prince Mohammed, Ludovic Marin, Mohammed's, Jamal Khashoggi, Biden, Baker Institute's Ulrichsen, Alaoudh, wouldn't Organizations: United Arab Emirates, UAE, Service, Baker Institute, Saudi, UAE —, Qatar, Dubai, United, Freedom Initiative, UAE's Emirates, Etihad Airways, Saudi Public Investment Fund, Newcastle United FC, English Premier League, Manchester City, Saudi Crown, Getty, Ritz Carlton, Saudi Royal Court, REUTERS, Saudi Aramco, United Nations Locations: Saudi, Wall, Silicon, Saudi Arabia, East, Washington, London, UAE, Persian, Al Ain, British, Qatar, Abu Dhabi, United Arab, Riyadh, Manchester City . Saudi Arabia, New Delhi, Istanbul, Yemen, Iran, Saudi Arabia's, Bandar, Ukraine

☆ So many people want to attend a Middle East investment conference dubbed 'Davos in the desert' that they're charging $15,000 to get in the door
▼ + stars: | 2023-09-23 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

About 5,000 delegates are paying $15,000 each to attend an investment conference in Riyadh next month. Growing interest in the conference also underlines Saudi Arabia's rising global influence. The annual event is the largest investment and business conference in the Middle East, and has been compared to Davos – the Swiss ski resort that hosts the World Economic Forum each January. As well as being a forum for discussion, the event is also an accelerator for Saudi investment opportunities. At last year's conference, more than 28 investment deals worth over $9 billion were signed, according to the US-Saudi Business Council.

Persons: Goldman Sachs, Sam Bankman, Jared Kushner, execs, Jamal Khashoggi, Prince Mohammed bin Salman's Organizations: Service, Future Investment Initiative, Street Journal, Economic, Bridgewater Associates, Saudi Business Council, Investment Initiative, FII Institute, Saudi Locations: Riyadh, Saudi, Wall, Silicon, Eastern, Davos, Saudi Arabian, Blackstone, BlackRock, Istanbul, FAYEZ, Saudi Arabia

"The alleged facts are so serious that they compromise the ability of Senator Menendez to effectively represent the people of our state," Murphy - who would appoint a temporary replacement for Menendez should he resign - said in a statement. "Behind the scenes, Senator Menendez was doing those things for certain people - the people that were bribing him and his wife," Williams said. A lawyer for Nadine Menendez, 56, who has been married to the senator since 2020, said she denied wrongdoing and would "vigorously defend" against the allegations in court. MENENDEZ HAS FACED OTHER PROBESThe investigation marks the third time Menendez has been investigated by federal prosecutors, although he has never been convicted. Bob and Nadine Menendez also each face one count of conspiracy to commit extortion under color of official right.

Persons: Bob Menendez, Menendez, Chuck Schumer, Joe Biden, Phil Murphy, Murphy, Prosecutors, Damian Williams, Williams, Nadine Menendez, MENENDEZ, Robert Menedez, Jonathan Ernst, Ben Cardin, Prince Mohammed bin Salman, Ted Stevens, Larry Craig, Wael Hana, Jose Uribe, Fred Daibes, Bob, Hana, Washington, Uribe, Daibes, Luc Cohen, Jonathan Stempel, Patricia Zengerle, Matt Spetalnick, Simon Lewis, Makini Brice, Andrew Goudsward, Tom Hals, Mark Porter, Daniel Wallis, Rosalba O'Brien Organizations: U.S, Jersey businessmen, U.S . Senate, Foreign, Democratic, U.S . House, Representatives, Benz, Capitol, REUTERS, Republican, U.S . Department of Agriculture, New, Menendez, Daibes, Thomson Locations: WASHINGTON, Jersey, U.S, Manhattan, Egypt, Ukraine, China . New Jersey, New Jersey, Washington , U.S, Cuban American, Cuba, Venezuela, Saudi Arabia, Alaska, Idaho, United States, Washington, New York

☆ Netanyahu says Israel is edging 'closer' to normalization deal with Saudi Arabia
▼ + stars: | 2023-09-22 | by ( Sana Noor Haq | ) edition.cnn.com time to read: +3 min

CNN —Israeli Prime Minister Benjamin Netanyahu said it is “likely” Israel will reach a normalization agreement with Saudi Arabia, in what would mark a seismic foreign policy shift for both countries as they edge closer to reaching a deal mediated by the US. Speaking to CNN’s Kaitlan Collins in an interview on Friday, Netanyahu touted the potential pact as “a quantum leap” in the region. Saudi Arabia, like many Arab states, does not currently recognize Israel; such a deal would have potential to enhance Israel’s acceptance in the Muslim world, particularly considering Saudi Arabia’s role as the custodian of Islam’s holiest sites. Netanyahu has made tightening relations with Saudi Arabia a linchpin of his premiership, although it is unclear what kind of concessions toward Palestinians would be allowed by his right-wing coalition. Israel says the raids are intended to prevent or punish Palestinian militant attacks on Israeli civilians because the Palestinian Authority is failing in its security obligations.

Persons: Kaitlan Collins, Benjamin Netanyahu, CNN’s Kaitlan Collins, Netanyahu, ”, Israel, Saudi Arabia’s Crown Prince Mohammed bin Salman, bin Salman, Joe Biden, Kevin Lamarque, Collins, “, Mahmoud Abbas, ” Abbas Organizations: CNN, Israeli, United, United Arab Emirates, Saudi, Saudi Arabia’s Crown, Fox News, Assembly, Reuters, UN, Palestinian, West Bank, Israel, Palestinian Authority Locations: Israel, Saudi Arabia, Asia, Jordan, United Arab, Riyadh, New York City, New York

☆ 'I don’t care': 'Sportswashing' comments from Saudi crown prince spark anger from rights groups
▼ + stars: | 2023-09-22 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Saudi Crown Prince Mohammed bin Salman lit up social media with his blunt response to accusations that his government is "sportswashing," or using sports to distract attention from its controversial human rights record. Human rights organizations immediately seized on the comments, criticizing what some said was proof of a state policy of hiding human rights violations behind an expensive veneer of big-ticket sports acquisitions and tournaments. "He's done more than say he doesn't care," Minky Worden, Human Rights Watch's director of global initiatives, told NBC News. "He's really endorsed the idea of sportswashing as a way of covering up the country's very serious human rights abuses. We've now heard from the top that this is state policy."

Persons: Prince Mohammed bin Salman, Minky Worden, He's, We've Organizations: Saudi, Fox News, Human Rights, NBC Locations: Saudi

☆ Saudi crown prince says he does not care about 'sportswashing' claims
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

U.S. Secretary of State Antony Blinken (not pictured) meets with Saudi Crown Prince Mohammed bin Salman, in Jeddah, Saudi Arabia, June 7, 2023. "If sportswashing (is) going to increase my GDP by 1%, then we'll continue doing sportswashing," the crown prince told Fox News. Saudi Arabia denies accusations of human rights abuses and says it protects its national security through its laws. When asked specifically about the term "sportswashing", the crown prince said: "I don't care. Saudi Arabia has been hosting a Formula One Grand Prix since 2021 and has also held boxing world title fights.

Persons: Antony Blinken, Saudi Crown Prince Mohammed bin Salman, Saudi Arabian Crown Prince Mohammed bin Salman, we'll, PIF, LIV, Hritika Sharma, Michael Perry Organizations: Saudi Crown, Saudi Royal Court, REUTERS, Saudi Arabian Crown, Fox News, Public Wealth Fund, Premier League, Newcastle United, PGA, Saudi Pro League, Thomson Locations: Jeddah, Saudi Arabia, Bandar, Saudi, Hyderabad

☆ Saudi Arabia's crown prince warned that if Iran gets a nuke 'we have to get one' too
▼ + stars: | 2023-09-21 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Saudi Arabia's Crown Prince Mohammed bin Salman was interviewed on Fox News. He said if Iran gets a nuclear weapon, Saudi Arabia will need one too. Biden is trying to restart the 2015 Iran deal amid fears of an arms race in the region. In a rare interview conducted in English with Fox News' Bret Baier on Wednesday, the Saudi ruler addressed the likely consequences of Iran - Saudi Arabia's longtime regional foe - obtaining a nuclear weapon. The 2015 Iran nuclear deal, which was negotiated by the Obama administration, led to Iran agreeing to limits on its nuclear program in exchange for sanctions being lifted.

Persons: Crown Prince Mohammed bin Salman, Biden, Bret Baier, Crown Prince Mohammed, Obama, Donald Trump, Joe Biden, Ebrahim Raisi Organizations: Saudi, Crown, Fox News, Service, ., Iran's, Associated Press Locations: Iran, Saudi Arabia, Wall, Silicon, Saudi, Hiroshima, Israel, Tehran

LONDON, Sept 21 (Reuters Breakingviews) - Barely a day goes by without an eye-catching story involving Saudi Arabia’s Public Investment Fund. A third of the fund consists of significant stakes in domestic companies like the $51 billion Saudi Telecom Company (7010.SE) and $53 billion Saudi National Bank (1180.SE). Reuters Graphics Reuters GraphicsThe PIF’s investment strategy is also racier than its more conservative peers. But the episode reinforces the impression that the PIF is a mix of venture capital, hedge fund and startup money. The most spectacular was probably handing $45 billion to SoftBank Group (9984.T) boss Masayoshi Son for his $100 billion first Vision Fund.

Persons: Kylian Mbappé, It’s, Prince Mohammed bin Salman, Yasir Al, Abu Dhabi’s Mubadala, Rumayyan, Salman bin Abdulaziz, Masayoshi Son, SWFs, Taiwan’s Foxconn, Peter Thal Larsen, Streisand Neto Organizations: Reuters, Saudi Arabia’s Public Investment Fund, Standard Chartered, Spanish telco Telefonica, Fund, Abu, Abu Dhabi Investment Authority, Global, Reuters Graphics Reuters, Saudi, Saudi Telecom Company, Saudi National Bank, Saudi Aramco, giga, Qatar Investment Authority, Singapore’s Temasek, Al, MbS, SoftBank Group, Vision, Credit Suisse, UBS, Saudi giga, Aramco, Investment, Thomson Locations: Spanish, Abu Dhabi, Riyadh, Saudi

Saudi Crown Prince Mohammed bin Salman smiles during the New Global Financial Pact Summit at the Palais Brongniart in Paris, on June 22, 2023. Ludovic Marin | AFP | Getty ImagesSaudi Crown Prince Mohammed bin Salman said the prospect of normalizing relations with Israel is getting closer by the day, but signaled that the treatment of Palestinians remains a clinching point. Prince Mohammed dismissed reports that the two countries had suspended talks and acknowledged progress in negotiations. "Every day we get closer," he said in an Fox News interview aired on Wednesday — a rare sit-down with a Western media outlet for the Saudi crown prince. The two leaders agreed to work toward securing diplomatic ties between Saudi Arabia and Israel.

Persons: Prince Mohammed bin Salman, Ludovic Marin, Prince Mohammed, Joe, Abraham, Donald Trump, Benjamin Netanyahu, Biden, Netanyahu Organizations: New Global Financial, Palais, AFP, Getty, Saudi, Fox News, Israel, United, Wednesday, United Nations Locations: Saudi, Paris, Israel, Riyadh, Bahrain, United Arab Emirates, Sudan, Morocco, Washington, New York, Saudi Arabia

☆ Saudi crown prince says normalization with Israel gets 'closer' every day
▼ + stars: | 2023-09-21 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +6 min

Abu Dhabi, UAE CNN —Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) said that his country was moving “closer” each day toward reaching a normalization deal with Israel, the first time he has publicly acknowledged the process. We’re gonna see how it goes.”The Biden administration has for several months been in talks with Saudi Arabia on the matter, according to US officials. Saudi Arabia has been strengthening its ties with China as Washington’s rivalry with the Asian nation heats up. “We are the biggest buyer of American armored manufacturing,” he said, adding that Saudi Arabia is “critical” to US arms exports. Saudi Arabia is in the process of changing laws to make them “more realistic” for Saudis, he said.

Persons: UAE CNN — Saudi Arabia’s Crown Prince Mohammed bin Salman, ”, Biden, don’t, Benjamin Netanyahu, Netanyahu, Joe Biden, Fox News ’ Brett Baier, ” BRICS, BRICS, Jamal Khashoggi, Khashoggi Organizations: UAE CNN — Saudi Arabia’s Crown, Fox News, Saudi, MBS, ”, West Bank, Wednesday, CNN, Fox, White, America, CIA Locations: Abu Dhabi, UAE, Israel, Saudi, Saudi Arabia, Riyadh, ”, Iran, Tehran, China, Beijing, Gulf, America, Arabia, West, Russia, Istanbul

☆ Saudi crown prince says he will keep 'sportswashing' as criticism of the practice grows
▼ + stars: | 2023-09-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +4 min

Call it whatever you want, we're going to get that one and a half percent," the crown prince said. The Saudi Public Investment Fund (PIF), an entity controlled by Crown Prince Mohammed, has backed Saudi soccer clubs and LIV Golf. The LIV Golf merger with the PGA Tour has faced widespread scrutiny. Key U.S. lawmakers have criticized the pending golf merger as an attempt by the kingdom to distract from its human rights record. Prior to the deal, LIV Golf sued the PGA Tour for alleged anticompetitive practices, which prompted the PGA Tour to countersue, saying LIV Golf was stifling competition.

Persons: Saudi Arabian Crown Prince Mohammed bin Salman Al Saud, Prince Mohammed bin Salman, sportswashing, I'm, Critics, Jamal Khashoggi, Cristiano Ronaldo, Dustin Johnson, Bryson DeChambeau, LIV Golf, Crown Prince Mohammed, LIV, Osama bin Laden, It's, Sen, Richard Blumenthal, Conn, Jimmy Dunne, Ron Price, Price, Benjamin Freeman, — CNBC's Lillian Rizzo, Chelsey Cox Organizations: Saudi, Saudi Arabian Crown, Partnership, Global Infrastructure, Fox News, Washington Post, Neymar, PGA Tour, Saudi Public Investment Fund, Crown, Reuters, PGA, Key U.S, Homeland Security, Governmental Affairs, Tour, Quincy Institute, Responsible Locations: Saudi Arabian, New Delhi, India, Saudi, Europe, Saudi Arabia, Key, Yemen

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