EXPLAINED: 3 | Vintage Vibes

PGA chief: Saudi cash meant there was no chance of us resisting rebel LIV

Jay Monahan has admitted that the sheer volume of Saudi cash made the feud with the rebel LIV competition unwinnable.

The New Daily · Jun 11, 2023

Report: Jay Monahan told PGA Tour employees it couldn’t afford legal battle with Saudi Arabia

Monahan reportedly said the Tour had spent $50 million in legal fees and $100 million to pay increased purses.

USA Today Sports Media Group · Jun 10, 2023

Why Did The PGA Tour Merge With The Public Investment Fund?

We look at the reasons why the PGA Tour and the Saudi PIF have now decided to operate together

Golf Monthly · Jun 9, 2023

Trump and the Saudis: Does anyone care?

Trump's links to the Saudi regime and its LIV Golf tour reek of obvious corruption. Maybe Jack Smith has noticed

Salon · May 26, 2023

Premier League sponsorship rules set for major test as Newcastle eye shirt deal with Saudi company

Newcastle are in talks over a £25m shirt deal with Sela, an events company with links to Saudi Arabia whose website says it is owned by the Public Investment Fund

The Independent UK · May 24, 2023

Cruise Saudi to Participate in 30th Arabian Travel Market Exhibition in Dubai

The Cruise Saudi company, a 100% Public Investment Fund-owned business in the Kingdom, is preparing to participate in the four-day Arabian Travel Market exhibition ATM 2023 that will be held Monday at the Dubai World Trade Center.

Asharq Al-Awsat · Apr 30, 2023

Why Saudi Arabia Transfered 4% of Aramco Shares to PIF Subsidiary?

Saudi Arabia's Crown Prince Mohammed bin Salman announced Sunday the transfer of a 4% stake of the oil giant Saudi Aramco to Sanabil Investments, a subsidiary of the kingdom's Public Investment Fund (PIF). Experts interviewed by Asharq Al-Awsat said the move supports PIF’s flexibility in capturing local and global investment…

Asharq Al-Awsat · Apr 20, 2023

LIV Golf coincides with 'egregious' abuses in Saudi Arabia, Human Rights Watch warns

As South Australia prepares to host the Saudi-backed LIV Golf, a human rights watchdog condemns the tournament as a blatant example of "sportswashing" amid a period of "egregious" human rights abuses.

ABC News · Apr 19, 2023

Saudi Arabia discloses investment in dozens of VCs

Saudi Arabia has invested in technology and other sectors in a bid to diversify the country’s economy away from oil.

Fortune · Apr 4, 2023

SALIC Supplies 1.2 Million Tons of Strategic Commodities in 2022

The Saudi Agricultural Investment and Livestock Production Company (SALIC), which is fully owned by the Public Investment Fund, announced on Tuesday that it has completed the supply of more than 1.2 million tons of strategic commodities in 2022. According to a statement, SALIC said it directly supplied 720,000 tons of…

Asharq Al-Awsat · Mar 29, 2023