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The Latest Breaking News from PIF

Saudi PIF Agrees with Oman’s Rakiza on Investment worth $299 Million

Oman’s Rakiza announced that it received a capital commitment of $299 million from the Saudi Public Investment Fund (PIF). Rakiza is a private equity infrastructure fund co-managed by Oman Infrastructure Investment Management (OIM) and Equitix. The fund Rakiza invests in Oman and Saudi Arabia and invests in various sectors, namely…

Asharq Al-Awsat

MoU Signed to Develop Design for Jeddah Central Project’s Int'l Luxury Cruise Terminal

The Jeddah Central Development Company (JCDC), a wholly-owned subsidiary of the Public Investment Fund (PIF) and a master developer of Jeddah Central Project, announced on Monday the signing of a Memorandum of Understanding (MoU) with Cruise Saudi, a wholly-owned PIF company specializing in cruise ecosystem development. According to the MoU,…

Asharq Al-Awsat

LIV has paid big money for golfers past their best. Will the Saudis care?

Henrik Stenson has not won since 2017 and like García, Poulter, Mickelson and Westwood is being paid on name not form

The Guardian - UK

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Aston Martin raises £650m as Saudi Arabia takes a stake

Executive chairman ‘very comfortable’ with investment to help British manufacturer pay down large debts

The Guardian - UK

Stroll attracts new Saudi Arabian investment to Aston Martin

Aston Martin is set to be boosted by new investment from Saudi Arabia’s sovereign wealth fund in what executive chairman Lawrence Stroll calls a “game changing event.”

Autosport

Aston Martin raises over $1.15 billion in new capital as Saudis take stake

‘Game changing event’ for luxury carmaker means it can pay down debt and accelerate plan for electric vehicles

Evening Standard

Pacific leaders to declare 'climate emergency' in PIF statement, praise Australia's move to lift emissions reduction target

Australia is set to sign up to a joint statement from Pacific Islands Forum leaders that is expected to declare a "climate emergency" and says there is a need for rapid and deep reductions in greenhouse gas emissions to limit global warming.

ABC News

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Solomon Islands PM rules out China military base and says Australia is ‘security partner of choice’

Exclusive: In his first interview since the security deal with Beijing, Manasseh Sogavare says he would only call on China if there was a ‘gap’ that Australia could not fill

The Guardian - AU

Pacific supports Aust on climate: Albanese

The Pacific Islands Forum has wrapped up after an all-day summit of leaders in Fiji, with Australian PM Anthony Albanese declaring the meeting a success.

AAP

Anthony Albanese hugs Solomon Islands PM and preaches positivity at Pacific Islands Forum in Fiji

The first meeting between the Prime Minister and his Solomon Islands counterpart shows positive signs despite tensions over the China security pact, as Anthony Albanese kicks off his "positive energy" visit to Suva for the Pacific Islands Forum.

ABC News

Barred China shows up at Pacific forum

China was keen to hear a speech by United States Vice President Kamala Harris at the Pacific Islands Forum in Fiji, dispatching two officials to attend.

AAP

Albanese vows respect, energy in Pacific

Prime Minister Anthony Albanese has landed in Suva, Fiji for the Pacific Island Forum leaders' meeting.

AAP

US Vice-President Kamala Harris makes virtual appearance at Pacific Islands Forum to unveil major plans for the region

Despite major powers being sidelined from the Pacific Islands Forum, Vice-President Kamala Harris appears virtually to make a series of announcements showing the US is intent on reasserting its presence in the region as China continues to expand its footprint.

ABC News

China influenced Kiribati exit from Pacific Islands Forum, MP claims

Opposition leader calls withdrawal from PIF an ‘extreme move’ and claims the reasons offered by Kiribati’s president were just excuses

The Guardian - AU

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AAP

PIF leaders lament loss of Pacific unity

Australia's Foreign Minister Penny Wong has joined calls urging Micronesian breakaway nation Kiribati to return to the Pacific Islands Forum.

The Guardian - AU

Pacific summit: Suva near to bursting as PIF meeting turns Fiji’s pandemic bust to boom

Everybody in the Fijian capital is run off their feet as delegates converge for the Pacific Islands Forum and give a glimpse of the good times again

Al Jazeera

Pacific islands summit begins amid US-China battle for influence

Key summit comes as region grapples with the fallout of the COVID-19 pandemic, climate change and US-China rivalry.

ABC News

Kiribati announces withdrawal from Pacific Islands Forum on eve of leaders' meeting

Kiribati has announced it will push ahead with its withdrawal from the Pacific Islands Forum, delivering a damaging blow to the regional body on the eve of its most important meeting in years.

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AAP

Kiribati withdrawal rocks Pacific forum

As Prime Minister Anthony Albanese prepares to head to the Pacific Islands Forum in Fiji, Kiribati has withdrawn from the regional body.

The Guardian - UK

Kiribati withdraws from Pacific Islands Forum in blow to regional body

President says it will not be attending forum because of failure to address concerns of Micronesian countries

360info

Asia and the Pacific stronger together

Better opportunities will arise from ASEAN and Pacific island nations banding together.

360info

Reports of a Pacific fracture fail to understand the region

Pacific Island nations are keenly aware that disunity is unhelpful for the region.

360info

Expanded, empowered PIF could lock in Pacific security

Amid global political turbulence, the Pacific is a region whose influence is sought by the world’s powers. Regional coordination is as important as ever.

Liverpool Echo

Jurgen Klopp's old club told by fans to scrap planned Newcastle United friendly

The Liverpool manager's former club have issued a strong statement condemning the decision to play Newcastle

The Independent UK

Mainz vs Newcastle friendly to go ahead despite fans’ ‘sportswashing’ protest

Supporters have expressed disquiet over Saudi Arabia’s human rights record

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