Tag: Mohammed bin Salman

PGA Tour Sues LIV Golf over MBS-Fund

PGA Tour Sues LIV Golf over MBS-Fund

The Wall Street Journal shed light, in a new report released this week, on the legal battle between PGA and LIV Golf backers, the Saudi Arabia Public Investment Fund, an entity controlled by the Saudi crown prince Mohamed bin Salman (MBS). A newly...

Saudi Wealth Fund Plans to Reduce its Stakes

Saudi Wealth Fund Plans to Reduce its Stakes

Saudi Arabia’s sovereign wealth fund is pushing ahead with plans to reduce its stakes in some of the kingdom’s biggest companies and raise billions of dollars for new investments, Bloomberg revealed on Friday. People familiar with the matter...

No Broadcaster for MBS-Backed LIV Golf

No Broadcaster for MBS-Backed LIV Golf

France Press website revealed that the disruptive new LIV Golf circuit, backed by Saudi Crown Prince Mohammed bin Salman (MBS), could pay for TV coverage temporarily as it tries to build a long-term presence. LIV, whose luring of top players with...

Trump-MBS Relationship: It Is All About Money

Trump-MBS Relationship: It Is All About Money

US media reports revealed unprecedented financial aids offered by Saudi Crown Prince Mohammed bin Salman (MBS) to US former president Donald Trump, after his longtime adviser Thomas Barrack was charged as a foreign agent. The New York writer...

37% of Tourism Workers Fired in Saudi Arabia

37% of Tourism Workers Fired in Saudi Arabia

The Undersecretary of the Saudi Ministry of Tourism Ali Fahd Hammad revealed in press statements that 37% of tourism workers were fired over the past few years, without giving further details. A state-run “Tourism Pioneers” program aims...

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