Tag Archives: Saudi

The PGA Tour fired back at a lawsuit filed by professional golfers who recently joined the rival LIV Golf tour, dubbing them “Saudi Golf League employees,” according to a memo obtained by Yahoo Finance. Phil Mickelson, Bryson DeChambeau, and nine other LIV golfers filed an antitrust complaint against the PGA Tour on Wednesday. Within hours, the PGA Tour responded in a scorching memo to members from Tour Commissioner Jay Monahan. “It’s an attempt to use the TOUR platform to promote… Source link

NORTH PLAINS, Ore. — First impressions go a long way. After spending three days at the LIV Golf Invitational Series event at Pumpkin Ridge Golf Club, one thing is clear: there’s a market for this upstart circuit. It just depends what you want to get out of a golf tournament. If you’re a golf fan who loves the game for the history and competition, these events won’t be for you. But if you’re a general sports fan who loves festivals and fanfare, you may be interested. When you walk… Source link

(Bloomberg) — Most Read from Bloomberg Saudi Arabian shares closed at the lowest level in about six months, leading declines in Middle East markets, following the global sell-off last week and oil’s plunge on Friday. The Tadawul All Share Index dropped 4.4% at close, with the index posting its longest losing streak since 2020. Aramco fell 4% to the lowest since March 15. Still, the state-controlled oil firm is the world’s biggest listed entity with a market value of $2.17 trillion compared… Source link

Saudi Arabia apparently made a very, very strong play to make Jack Nicklaus the face of the LIV Golf Invitational Series. According to a story published on the Fire Pit Collective on Monday, Nicklaus said he repeatedly turned down massive offers from the Saudi-backed golf venture to lead the LIV Golf series — something Hall of Famer Greg Norman eventually accepted. “I was offered something in excess of $100 million by the Saudis, to do the job probably similar to the one that Greg [Norman]… Source link

The upstart LIV Golf Invitational Series, a Saudi-backed proposed competitor to the PGA Tour, continues to suffer setback after setback, some external and some very much self-inflicted. Earlier this week, the PGA Tour and the DP World Tour (formerly the European Tour) both indicated they would not give their players releases to play in LIV Golf’s inaugural event early next month. On Wednesday, LIV Golf chief executive Greg Norman threw gasoline on the fire by appearing to downplay the killing… Source link

The Greg Norman-led, Saudi Arabia-backed LIV Golf Invitational Series, a rival to the PGA Tour, is preparing to announce a roster of players that includes several notable names, according to a new report in the Telegraph. Norman is pressing forward with the venture despite the intense public criticism of Phil Mickelson’s connections to the endeavor, and indicated to the Telegraph that he will be formally announcing “marquee names” that will join the tour in the coming weeks. The Telegraph… Source link

<legend role=”h2″>-Lucid announces long-term plan to bring advanced automotive manufacturing to Saudi Arabia to address global demand.</legend> <legend role=”h2″>-Lucid estimates that the location of Lucid’s first international manufacturing plant in Saudi Arabia may result in up to $3.4 billion of value to Lucid over 15 years.</legend> <legend role=”h2″>-New international manufacturing plant targets 150,000 vehicles per year at the King Abdullah Economic City will leverage U.S. engineering,… Source link

Early on the morning of Oct. 2, 2018, a Gulfstream jet carrying a team of Saudi assassins on its way to Istanbul made a quick stopover in Cairo. The purpose: to pick up a lethal dose of “illegal” narcotics that was injected a few hours later into the left arm of Jamal Khashoggi, killing the Washington Post columnist within a matter of minutes, according to notes that summarize secret Saudi interrogations of the murderers. What the drugs were — and who provided them in the middle of the… Source link

Google announced plans late last year to establish a “cloud region” in Saudi Arabia in partnership with Saudi Aramco. Google (GOOGL) said that services offered as part of its agreement with the mammoth state oil company would allow businesses in the region to “confidently grow and scale their offerings.” But groups including Amnesty International and Human Rights Watch have criticized the deal, citing concerns raised following the 2018 killing of journalist Jamal Khashoggi and allegations… Source link

Amnesty International is teaming up with 38 other human rights groups and individuals to call for a halt to Google’s plans to set up an enterprise cloud business in Saudi Arabia because of concerns over the country’s human rights track record. The joint statement — signed by the Electronic Frontier Foundation and Media Matters for Democracy, among others — calls for Google to end its plans in Saudi Arabia until the company conducts a public human rights assessment and makes it… Source link