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The Latest Breaking News from PIF

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

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

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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

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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

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

Daily Mirror

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.

Reuters

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

Liverpool Echo

MBS paid Trump "millions": report

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

Salon

'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

Liverpool Echo

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

Daily Mirror

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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…

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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Chronicle Live

Mehrdad Ghodoussi insists 'journey has only just started' at Newcastle United

Newcastle sit third at the end of their first full year under PIF.

Chronicle Live

The Newcastle United 'fine tuning' makes for an exciting January window as Eddie Howe aims high

Newcastle United splashed out £200million in 2022 on transfers but now look to fine-tune their squad

The Independent UK

Saudi fans blocked from watching Boxing Day Premier League games

Bein Sports’ signal has been blocked since an hour before the World Cup’s opening match on 20 November

The Independent UK

Saudi fans blocked from watching Boxing Day Premier League action

The beIN SPORTS’ streaming service signal has been blocked since an hour before the World Cup’s opening match on November 20.

Asharq Al-Awsat

PIF Buying 30% Stake in Saudi Tabreed

Saudi Arabia's Public Investment Fund (PIF) has acquired a 30% stake in cooling company Saudi Tabreed through a private placement of shares, according to a bourse filing on Wednesday. The sale is subject to completion procedures. United Arab Emirates-listed National Central Cooling Company, known as Tabreed, has also boosted its…

Asharq Al-Awsat

Saudi Arabia, Azerbaijan Agree to Establish Joint Business Council

The Federation of Saudi Chambers (FSC) and the Small and Medium Business Development Agency in Azerbaijan signed on Monday an agreement to establish a joint business council in efforts to enhance intra-trade between the Kingdom and Azerbaijan and increase the volume of trade and investment cooperation. The signing of the…

Liverpool Echo

Changing ownership landscape could trigger FSG Liverpool sale rethink

FSG are willing to listen to offers for Liverpool but are understood to prefer to sell part of their shareholding instead

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