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Saudi Arabia’s Loss-Making U.S. Investments: Buying Influence

Following Saudi Arabia’s purchase of the PGA Tour, a new Senate report revealed the dictatorship’s ballooning share of the American economy.

The post Saudi Arabia’s Huge U.S. Investments Lose Money — but Buy Influence appeared first on The Intercept.

sport

Ittihad signs Portuguese winger Jota in ongoing summer spending spree

RIYADH: Saudi football team Al-Ittihad have confirmed the signing of Portuguese winger Jota from Celtic. The 24-year-old attacker joins French World Cup winners Karim Benzima and N’Golo Kante, who were both added to the team last month, in Jeddah as The Tigers’ bid to retain the Saudi Pro League title next season.  Jota, who completed a medical before signing on Monday, has agreed terms that will see him in yellow and black for the next three years. The financial details of the deal were not disclosed.
Business

“Bahrain invests $1.3bn in UK economy: Key deals signed”

LONDON: Bahrain has signed a memorandum of understanding for strategic investments and collaborations with Britain that will see the Gulf state’s private sector invest 1 billion pounds ($1.3 billion) in Britain, the Bahraini crown prince’s social media account said on Monday. The investments will be through Bahraini sovereign wealth fund Mumtalakat, Investcorp, GFH Financial Group, and Osool Asset Management.
sport

Matteo Berrettini, Former Finalist, Unseeded and Nervous for Wimbledon Opener

For a player who not so long ago was consistently making the second week at the Grand Slams, including a stretch of five consecutive major quarterfinal appearances, limiting expectations and venturing into the unknown can feel like alien concepts. Just two years ago, Matteo Berrettini was playing in a Wimbledon final against Novak Djokovic. The Italian power hitter was a constant fixture in the top 10 from October 2019 until June 2022.
sport

Bernhard Langer, 65, sets new record with US Senior Open win

STEVENS POINT, Wisconsin: Bernhard Langer won the US Senior Open on Sunday at SentryWorld to break the PGA Tour Champions’ career victory record. Pushing his record as the oldest winner on the 50-and-over tour to 65 years, 10 months, 5 days, the German star broke a tie with Hale Irwin for the victory mark with No. 46. Seven strokes ahead on the back nine, Langer bogeyed the final three holes for 1-under 70 and a two-stroke victory over home-state favorite Steve Stricker on the tree-lined course with thick rough.
sport

Liverpool signs Szoboszlai from Leipzig in midfield overhaul by Klopp

MANCHESTER: Liverpool continued its midfield overhaul with the signing of Dominik Szoboszlai from Leipzig on Sunday. The Hungary international cost £60 million ($76 million) after Liverpool triggered his release clause. He has agreed a five-year contract subject to him being granted a work permit to play in the UK “For me it was perfect to make the next step in a club like this. The fans, the stadium, everything is really good,” Szoboszlai said.
sport

“Women’s Tennis Tour Considers Saudi Arabia for Potential Business”

 LONDON: Like other sports, women’s tennis is looking into the possibility of getting into business with Saudi Arabia. And while holding a tournament there is not imminent, WTA Chairman and CEO Steve Simon said Friday that he visited that country with some players in February as part of the evaluation process. “It’s a very difficult and very challenging topic that’s being, obviously, measured by many, many different groups right now,” Simon said at an event in London to mark the 50th anniversary of the meeting that led to the founding of the WTA.
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Sri Lanka’s Tamils Mark 15 Years Since Civil War End

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Ceremony held at memorial site in Mullivaikkal village despite reports of heavy surveillance and alleged intimidation.

Iran to send experts to Venezuela for medical accelerator assistance

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CARACAS: Iran on Saturday said it will send experts to its ally Venezuela to help with medical accelerators in hospitals it said had been stopped due to Western sanctions. Venezuela requested Iran’s help, according to a message on the social media platform X by the Iranian government attributed to the head of the Atomic Energy Organization of Iran. “Venezuela has a number of accelerators in its hospitals that have been stopped due to the embargo,” the message said. Medical accelerators are used in radiation treatments for cancer patients.

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Sri Lanka’s Tamils Mark 15 Years Since Civil War End

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Ceremony held at memorial site in Mullivaikkal village despite reports of heavy surveillance and alleged intimidation.

3 Syrians Missing in Cargo Ship Sinking off Romania

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BUCHAREST: Romanian rescue teams on Saturday were scouring the Black Sea for three Syrian sailors who went missing when their cargo ship sank off the coast, the naval authority said. The Mohammed Z sank with 11 crew on board, 26 nautical miles off the Romanian town of Sfantu Gheorghe in the Danube delta in the Black Sea on Saturday morning, officials said in a statement. The ship sailing under the Tanzanian flag was carrying nine Syrian and two Egyptian nationals, it said.

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Cambodia launches $36.6bn building drive, China and Japan vie for spoils

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Cambodian Prime Minister Hun Manet has unveiled a 174-project master plan that has attracted bids by rival powers.

Olympic Athletes’ Financial Hurdles | TOME

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Full-time training, travel to compete, medical and most other costs for these athletes are out of pocket.

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