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The Latest Breaking News from PIF

Pacific Island leaders announce US President Joe Biden will visit the region

Five Micronesian countries declare that President Joe Biden will visit the Pacific for a leaders' meeting later this year, in another sign the US remains intent on ramping up high level diplomatic engagement with the region.

ABC News

Saudi Arabia's PIF Invests $1.3 Billion in 4 Local Construction Firms

Saudi Arabia's sovereign wealth fund has invested a total of $1.3 billion in four local construction firms to support the sector tasked with spearheading projects across the Kingdom, it said on Tuesday. The Public Investment Fund said it acquired new shares as part of capital increases representing significant minority stakes…

Asharq Al-Awsat

Newcastle's lucky takeover escape as truth emerges over Henry Mauriss and BellaGraph Nova Group

Before PIF took charge at Newcastle United there were dealings with Henry Mauriss and the Bellagraph Nova Group

Chronicle Live

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LIV Golf lawyers argue PGA Tour is ‘exploiting litigation’ after request to delay antitrust trial, discovery schedule

LIV Golf lawyers said “the Tour is exploiting litigation delay to choke off air to LIV and players” in a joint motion.

USA Today Sports Media Group

Abraham Ancer outlasts Cameron Young to win 2023 PIF Saudi International

Ancer won wire-to-wire to claim his fourth professional victory.

USA Today Sports Media Group

Saudi-US Partnership to Build Vertical Farms in MENA Region

The Saudi Public Investment Fund (PIF) announced a joint venture agreement with AeroFarms, a US-based commercial market leader in vertical farming, to establish a company in Riyadh to build and operate indoor vertical farms in Saudi Arabia and the Middle East and North Africa (MENA) region. The agreement seeks to…

Asharq Al-Awsat

AlUla Development Company Launches Operations to Turn the City into Global Tourism Destination

AlUla Development Company is launching operations to support the development of AlUla in Western Saudi Arabia. The company, which is wholly owned by the Public Investment Fund (PIF), plans to deliver hospitality, residential, retail and infrastructure projects as part of the tourism push. The entity will work in collaboration with…

Asharq Al-Awsat

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Kiribati to return to Pacific Islands Forum at vital moment for regional diplomacy

Fiji’s prime minister confirmed Kiribati would be rejoining the group after he met with president Taneti Maamau

The Guardian - AU

Kiribati confirms intention to rejoin Pacific Islands Forum after Fijian Prime Minister's attempt to heal rift

The office of the Kiribati president says it had decided to return to the forum after a "fruitful, positive and successful bilateral meeting" with newly elected Fijian Prime Minister Sitiveni Rabuka this month.

ABC News

Reports: F1 Sends FIA Fiery Letter After President’s Tweets

Mohammed Ben Sulayem tweeted a thread concerning the report of Saudi Arabia considering bidding $20 billion to purchase Formula One.

Sports Illustrated

Mohammed ben Sulayem's main character syndrome risks FIA war with F1

Ben Sulayem's time in charge of the FIA so far has been turbulent, and the FIA president's latest comments have annoyed F1 chiefs to the point the lawyers are now involved

Daily Mirror

Elon Musk cites Saudi wealth fund at second day of Tesla trial

Elon Musk testified that Saudi Arabia’s sovereign wealth fund “unequivocally” wanted to take Tesla Inc. private in 2018, a core element of his defense to claims that his tweets about the take-private plan misled shareholders.

Tribune News Service

FIA president responds with warning after £16bn F1 'buyout attempt' by Saudi PIF

A report last week claimed that the sovereign wealth fund of Saudi Arabia had tried to launch a £16bn bid to buy Formula 1, and that it was rejected out of hand by Liberty Media

Daily Mirror

Liverpool may end up facing Qatar question as history repeats itself for FSG

Some Liverpool supporters remain wary of Arab state investment but is the football moral high ground a ship that has already sailed?

Liverpool Echo

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Daily Mirror

Newcastle United's Saudi owners 'explored' mammoth £16bn bid to buy F1

F1 has become much more profitable – and desirable – in recent years, and Saudi Arabia's Public Investment Fund is said to have made its interest in buying the sport known

Reuters

Pacific islands urge Japan to delay release of Fukushima waste over contamination fears

Pacific island nations are urging Japan to delay the release of water from the destroyed Fukushima nuclear power plant over fears fisheries will be contaminated, the Pacific Island Forum (PIF) said on Wednesday.

Liverpool Echo

Liverpool takeover latest as Qatar Investment Authority break silence on plans

Potential investment from the Middle East has sparked debate but FSG have yet to receive a bid for Liverpool

Salon

MBS paid Trump "millions": report

DAWN calls for DOJ probe after revelation that MBS owns nearly all of Trump-partnered LIV Golf

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Liverpool Echo

'Historic' Liverpool decision that could impact Qatar interest in FSG deal

Investment from the Middle East could be on the cards for Liverpool as FSG assess options

Daily Mirror

LIV chief Greg Norman slams "deafening hypocrisy" as golf's civil war continues

The intensity of golf's civil war between the PGA Tour and Saudi-backed LIV series is showing no signs of thawing, with the two sides currently engaged in a legal battle

Chronicle Live

Newcastle United headlines: Bruno Guimaraes' pride, Dan Ashworth on transfers and latest PIF investment

A round-up of your latest Toon-related headlines

Chronicle Live

Newcastle United owners PIF set to make £5billion investment with WWE announcement 'imminent'

Saudi Arabia's Public Investment Fund, who own Newcastle United, appear close to buying Vince McMahon's WWE brand

Asharq Al-Awsat

Saudi Crown Prince Announces Diriyah as PIF’s Fifth Giga-Project

Saudi Crown Prince and Chairman of the Public Investment Fund (PIF) Mohammed bin Salman announced on Monday designating Diriyah as the fifth giga-project owned by the Kingdom’s sovereign wealth fund. The Diriyah tourism project aligns with PIF’s strategy for achieving the goals of the Kingdom’s plan for national transformation, Vision…

AFP

Ronaldo to earn 400 million euros in Saudi: club source

Nicosia (AFP) - Footballer Christiano Ronaldo will earn 200 million euros to promote Saudi Arabia's joint 2030 World Cup bid in addition to his club salary, a source close to his club told AFP Monday.

Sports Illustrated

Report: Saudi PIF Arises As Potential Bidder on WWE

Saudi Arabia’s Public Investment Fund is reportedly eyeing a possible deal for the renowned wrestling promotion.

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