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The Latest Breaking News from PIF

Newcastle kit sharing Saudi colours would be sportswashing, Amnesty says

Newcastle wearing the colours of Saudi Arabia’s football side on their away shirt next season would be ‘clear evidence’ of sportswashing, according to Amnesty

The Guardian - UK

Newcastle strengthen Saudi Arabia links with latest board appointment

Majed Al Sorour becomes the club’s fourth director to be appointed since last October’s takeover

The Independent UK

Tesla, Twitter shares drop as Elon Musk's legal issues grow

Shares of Tesla and Twitter have tumbled this week

The Independent UK

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Greg Norman claims 'we've all made mistakes' in pathetic defence of Saudi human rights record

Australian former golf star Greg Norman is the CEO of the LIV Golf International Series - and he has been criticised for defending Saudi's human rights record

Daily Mirror

'We've all made mistakes': Greg Norman brushes off questions about Jamal Khashoggi murder at Saudi-backed golf event

Former golfing great Greg Norman dismisses questions about Jamal Khashoggi, as he spearheads a $255 million tournament backed by Saudi Arabia's sovereign wealth fund.

ABC News

Labor signals more aid to south-east Asia and accuses Scott Morrison of ‘bullying behaviour’ towards Pacific

Shadow minister Pat Conroy says the Coalition’s cuts in aid to Indonesia were ‘shortsighted’

The Guardian - AU

PIF bring multimillion pound golf tournament to the North East with free tickets for all fans

A ground-breaking event backed by the Saudi Public Investment Fund is set for Slaley Hall Hotel in June

Chronicle Live

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Andy Cole sends Newcastle fans warning over transfer spending plans

Former Newcastle United and England striker Andy Cole has been speaking about the Magpies recent rise but has called for fans to be patient over how long it will take to build sustained succes

Daily Mirror

Fitch Upgrades Saudi’s PIF Outlook to ‘Positive’

Ratings agency Fitch on Friday revised the outlook on Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), to "positive" from "stable" following a similar action on the country. It also affirmed the PIF's rating at "A". Fitch had cited improvements in Saudi Arabia's balance sheet due to higher…

Asharq Al-Awsat

Jake Humphrey makes Newcastle ownership statement after criticism for BT Sport comments

BT Sport presenter Jake Humphrey recieved criticism on Saturday following comments he made about Newcastle Unite'd owners ahead of their defeat to Liverpool in the lunchtime kick-off

Daily Mirror

Newcastle United evening headlines: Jordan Henderson makes Liverpool rotation reveal and Magpies sent transfer message

A look at the latest Newcastle United headlines

Chronicle Live

Newcastle United supporters 'more aware' of Saudi Arabia's human rights issues

Saudi Arabia's investment into Newcastle United immediately put the club under a microscope

Chronicle Live

New texts shed light on Elon Musk’s 2018 spat with Saudi fund

Elon Musk’s short-lived effort to take Tesla Inc. private after his infamous “funding secured” tweet in August 2018 has loomed over the billionaire’s reputation — and his quest to buy Twitter Inc.

Tribune News Service

Newcastle evening headlines: Howe on transfers, Saint-Maximin message and Ghodoussi celebration

All of the latest Newcastle United headlines including updates on Eddie Howe, Mehrdad Ghodoussi, Allan Saint-Maximin and more

Chronicle Live

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Daily Mirror

Richest sports team owners top 10 as Arsenal's Kroenkes above Newcastle's Saudi prince

Newcastle United have been tipped for European football dominance, yet many fans may be surprised to hear that Arsenal owner Stan Kroenke leads the Saudi Crown Prince in the richlist

Asharq Al-Awsat

Saudi Stock Market Companies Touch $613 Billion in Revenues

Saudi companies listed on the stock market recorded a 56.3 percent increase in their business, reaching total revenue of $613.3 billion. Al-Jazira Capital reported that the Saudi companies on the Saudi Stock Exchange (Tadawul) recorded $613.3 billion in revenues, compared to $392 billion in 2020, while the listed Saudi companies…

Asharq Al-Awsat

Electric Vehicles … A Saudi Step Towards Establishing Sustainable Transportation

The announcement made by Lucid Group, an American electric vehicle manufacturer, on signing several agreements with Saudi government agencies, paving way for laying the groundwork for a full production factory in Saudi Arabia, is an important step that shows the competitiveness of the Kingdom in becoming a perfect investment destination…

The Guardian - UK

Six months in, Newcastle takeover still offers little cause for celebration

While Eddie Howe’s side are thriving, Saudi investment has also led to endless squabbling, moral acrobatics and whataboutery

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Asharq Al-Awsat

Saudi Dussur Signs 4 Joint Ventures, Global Acquisition Deal

The Saudi Arabian Industrial Investments (Dussur) announced the signing of five new shareholders' agreements, including four joint ventures and one global acquisition deal. Dussur, owned by PIF, Aramco, and SABIC, signed the agreement at a special event attended by Minister of Energy and Investment Prince Abdulaziz bin Salman, Minister of…

Football London

Newcastle's PIF ownerships stance on Saudi Media's Chelsea takeover revealed on deadline day

Chelsea news: The Saudi-based Newcastle ownership have weighed in with their own views on Saudi Media's potential Blues takeover with bids needing to be submitted before 9pm on Friday

Liverpool Echo

Amanda Staveley causes Chelsea controversy and makes new Liverpool admission

Amanda Staveley gives controversial take on Roman Abramovich situation at Chelsea and makes admission over past Liverpool interest

Asharq Al-Awsat

Saudi PIF Sets Framework for Green Financing

Saudi Public Investment Fund (PIF), the Kingdom's sovereign wealth fund, laid out plans on Monday for raising green debt as the world's top oil exporter strives to reach net-zero carbon emissions by 2060. The Fund published the green finance framework that will allow it to tap world markets to issue…

Asharq Al-Awsat

Saudi Aramco Shares Soar Over 4%

Shares in Saudi Aramco soared over 4 percent to an all-time closing high in Monday’s trading session on the Saudi stock exchange. Saudi Aramco rose 4.1 percent to a record closing high of 39.25 riyals ($10.4). Its market cap exceeded 7.8 trillion riyals ($2.1 trillion). Last week, Crown Prince Mohammed…

Asharq Al-Awsat

Saudi Arabia Approves Licensing of New Digital Bank

Saudi Arabia’s central bank announced on Tuesday that the government has approved the licensing of a third digital bank, called D360 Bank, with a capital of 1.65 billion riyals ($440 million). It added that the Kingdom’s Public Investment Fund (PIF) was part of the consortium of companies and investors launching…

ABC News

Pacific Islands Forum's head to be replaced, FSM President David Panuelo says, after leadership dispute

Recently elected secretary-general Henry Puna will step down in order to stop the key regional diplomatic body from splitting, according to a top Micronesian leader.

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