Top- News zu Saudi-Arabien

 

Saudi Arabia has spent billions on athletics with mixed results, but the overall strategy has worked with the country becoming a destination for big sporting events....

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Frenchman Herve Renard, who won AFCON with Zambia and Ivory Coast, departs Saudi role despite World Cup qualification....

Saudi's PIF undergoing 'value realization' of plan'The [Iran] war would add more pressure to priorities'Saudi Arabia has abandoned its aspirations to host the 2035 Rugby World Cup as a result of the Public Investment Fund's new financial strategy.The sports minister, Prince Abdulaziz bin Turki al-Faisal, confirmed Saudi's interest in bidding for the tournament last year, but the Guardian has learned that the kingdom has not submitted an expression of interest to World Rugby and has no plans to do so before the bidding process closes in October. The president of Asia Rugby, Qais al-Dhalai, also talked up a joint Middle East bid from Saudi, Qatar and the United Arab Emirates last year, but that has not materialised either. Continue reading......

Public Investment Fund withdraws support for rebel tour and other sports could be hit too with Newcastle United uncertainThe reverberations of an unscheduled meeting of LIV Golf executives in New York this week have been felt way beyond their swanky offices in Hudson Yards, on the west side of Manhattan.A slowdown in Saudi Arabia's lavish spending on sport, which is conservatively estimated to have cost the kingdom more than $10bn in the past five years, had been expected, but its Public Investment Fund's withdrawal of financial support for the rebel tour – which was first mooted to LIV execs on Monday – has caused shockwaves throughout the wider industry. Continue reading......

LIV Golf CEO Denies "Speculation" That Saudi Arabia On Cusp Of Severing Ties Update (1130ET): Amid reports that Saudi Arabia's Public Investment Fund might be on the verge of pulling its funding for the league, LIV Golf CEO Scott O'Neil told staff in an email overnight that its season will go on "as planned, uninterrupted and at full throttle." The email, which was obtained by ESPN, didn't directly address reports that PIF might stop investing in the breakaway circuit after spending more than $5 billion since its inception in 2022, or whether the league will continue competitions beyond this season. "I want to be crystal clear: Our season continues exactly as planned, uninterrupted and at full throttle," O'Neil wrote in the email. "While the media landscape is often filled with speculation, our reality is defined by the work we do on the grass. We are heading into the heart of our 2026 schedule with the full energy of an organization that is bigger, loud...

Saudi Arabia's potential reversal on its costly golfing venture is part of a wider pullback on sports investing, as it looks to prioritize returns, rather than cultural influence....

Saudi billionaire Prince Alwaleed bin Talal is set to acquire a majority stake in Al Hilal Football Club from the Public Investment Fund, marking the next stage of the kingdom's privatization efforts for its local league....

Barclays Plc is pushing ahead with its plan to obtain a banking license in Saudi Arabia, its chief executive officer said on Thursday....

The upstart golf circuit couldn't conquer the sport, despite big spending by Saudi Arabia. Its end signals limits to how much the country will spend....

Saudi Arabia's sovereign wealth fund will reorganize its investments into three portfolios as it seeks to boost returns at a time when the kingdom contends with the economic costs of the Iran war....

Draw for the 24-team 2027 AFC Asian Cup, originally set for Saturday, moved to May 9....

Das Königreich fürchtet, Iran könnte die Meerenge Bab al-Mandeb sperren und damit Riads umgeleitete Ölexporte über das Rote Meer gefährden....

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Pakistan said it secured $3 billion in financial support from Saudi Arabia, helping to bolster its foreign exchange reserves and offset a loan repayment the country will make to the United Arab Emirates....

Der Ölriese Saudi Aramco leidet zwar unter dem Irankrieg, aber er profitiert vom hohen Ölpreis. Analysten raten mehrheitlich zum Kauf der Aktie. Aber das ist für Privatanleger gar nicht so einfach....

Das Königreich fürchtet, Iran könnte die Meerenge Bab al-Mandeb sperren und damit Riads umgeleitete Ölexporte über das Rote Meer gefährden....

Pakistani officials and a number of analysts say it can do both. But the balancing act won't be easy....

Fearing Iranian Escalation In Red Sea, Saudis Push Trump To Call Off Hormuz Blockade Wary of Iranian escalation that shuts down Red Sea traffic, the Kingdom of Saudi Arabia is asking the Trump administration to back off from its newly-implemented blockade of Iranian-linked shipping in the Strait of Hormuz, the Wall Street Journal reported on Monday evening. On Sunday, a senior advisor to Iranian Supreme Leader Mojtaba Khamenei warned that Iran has "large, untouched levers" to respond to such a blockade.  Perhaps ominously, Bab el-Mandeb translates to "Gate of Tears" (map via Time) Earlier on Monday -- at 10am ET -- the US blockade took effect, backed up by more than 15 Navy ships, including some equipped to dispatch helicopter-borne commandeering squads. The ships were expected to position themselves outside the Strait of Hormuz, for fear of Iranian attacks. Their mission: Prohibiting any maritime traffic from approaching or departing from Iranian ports, regardless of how...