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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.

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.

Steven Gerrard appointed as head coach of Al-Ettifaq

RIYADH: Former Liverpool captain Steven Gerrard is the latest star name to make the move to Saudi Arabia after signing a deal to become head coach of Al-Ettifaq. The 43-year-old has been out of the game since being sacked by Aston Villa in October. “Where legends are found. We’re thrilled to announce Steven Gerrard is our new head coach,” the club said in a post on Twitter. Where legends are found

“UAE’s Al-Qemzi Secures F1H2O Podium as Andersson Dominates in France”

MACON: Team Abu Dhabi’s Thani Al-Qemzi produced a battling performance to claim a 44th career podium finish today as Jonas Andersson won the Grand Prix of France to extend his lead in the F1H2O World Championship. Andersson, the 2021 world champion, recorded a comfortable victory from Sharjah Team’s Ferdinand Zandbergen and Al-Qemzi in a race littered with dramatic moments on the Saone River in Macon.

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.

PIF Ranks 7th Worldwide and Top in Mideast for High GSR Scores

RIYADH: Saudi Arabia’s Public Investment Fund ranked first in the Middle East region and seventh worldwide among 100 global state-owned funds for scoring high in governance, sustainability and resilience practices, according to the evaluation of the Global Sovereign Wealth Funds. Launched in 2020, the GSR scorecard is driven by an annual review of the best practices of the world’s top 100 funds, focusing on 25 elements — 10 of which are associated to governance and transparency, 10 to sustainability and responsible investing, and five to resilience and legitimacy. 

“Gooch’s Birdie on Final Hole Secures 3rd LIV Golf Title, Defeating DeChambeau”

SOTOGRANDE, Spain: Talor Gooch won his third LIV Golf League title of the year on Sunday when he made a curling 15-foot birdie putt on the 18th hole at Valderrama for a 4-under 67 and a one-shot victory over Bryson DeChambeau.

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