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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.

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.
Business

“Saudi Arabia and Slovenia Foster Trade Relations at WEF Event”

RIYADH: Trade and economic ties between Saudi Arabia and Slovenia are expected to improve following a meeting between the Kingdoms’ Minister of Economy and Planning Faisal Alibrahim and Slovenia’s Minister of Digital Transformation Emilija Stojmenova Duh.  The ministers held talks on the sidelines of the recent World Economic Forum summit in Tianjin, China. The pair discussed potential areas of cooperation between both countries and analyzed ways to address issues of common interest, according to the Saudi Press Agency.
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“76ers’ Future Uncertain: Harden and Harris Deals Hang in Balance”

PHILADELPHIA: James Harden might have side-eyed questions this week — much like he did in a playful reaction in his Houston days — about his future with the Philadelphia 76ers. But the issue is real in Philly: Will Harden return to the 76ers for a third season? All signs point to Harden declining his $35.6 million option on Thursday and entering this summer as an unrestricted free agent. That leaves the 2018 NBA MVP and 10-time All-Star free to sign with any team.
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“U.S. Chamber of Commerce Hosts Michael Morell as Keynote Speaker at Major Event”

Morell, Donald Trump’s “deep state” enemy No. 1, spoke at a Chamber of Commerce event Monday, highlighting the strange gulf between the K Street titan and the GOP.

The post U.S. Chamber of Commerce Invites Trump Bête Noire Michael Morell to Speak at Major Gathering appeared first on The Intercept.

Business

Aramco and TotalEnergies Award $11 Billion Amiral Project Contracts

DHAHRAN, Saudi Arabia: Aramco and TotalEnergies have awarded engineering, procurement and construction contracts for the $11 billion Amiral complex, a future world-scale petrochemicals facility expansion at the Kingdom’s SATORP refinery. A signing ceremony took place in Dhahran attended by Amin H. Nasser, Aramco president and CEO, and Patrick Pouyanne, TotalEnergies chairman and CEO.
Business

Lockheed Martin sponsors 2024 Bahrain Airshow

LONDON: Lockheed Martin on Friday announced its participation in and sponsorship of the Bahrain International Airshow 2024. The company will have a stand in the exhibition hall and a dedicated chalet at the event. “A relationship spanning decades, Bahrain was the first country in the region to adopt Lockheed Martin’s F-16 aircraft, for the Royal Bahraini Air Force, and in early 2023 became the first country in the world to receive delivery of the first F-16 Block 70 fighter jet from the manufacturer,” UK-based airshow consultancy Farnborough International said.
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Turkish Top Court Upholds Philanthropist Kavala’s Life Sentence

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ISTANBUL: Turkiye’s top appeals court on Thursday upheld the life sentence for philanthropist Osman Kavala, broadcaster Haberturk and other media reported, while overturning 18-year prison sentences for three others in the same case. Kavala, 65, was sentenced to life in prison without parole in April 2022, while seven others in the case received 18 years based on claims they organized and financed nationwide protests in 2013.

UK, Canada, Taiwan Slam Myanmar as Generals Unleash ‘Corrective Purge’ | TOME

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Plan for elections and continued violence and atrocities draw concern in West, as Russia and China cosy up to regime.

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Qantas Found Guilty of Unlawfully Firing Workers Amid COVID, Court Decides | TOME

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Australia's High Court upholds earlier ruling that airline broke the law when it outsourced ground handling jobs.

Apple’s iPhone 15 and iPods: All You Need to Know | TOME

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The iPhone 15 will go on sale from September 22, retailing at between $799 and $1,199.

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