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  • Saudi’s LIV Golf Claims Rival PGA Tour Official Sabotaged TV Deals

    A PGA Tour Inc. executive unlawfully pushed broadcasters to turn their backs on potential LIV Golf streaming deals, the Saudi-backed upstart alleged in its ongoing antitrust fight with the US legacy tour. LIV Golf, which debuted last year, lured some of the world’s best golfers from the PGA Tour with hefty sponsorship payments, touching off an acrimonious legal battle that has splintered the world of professional golf. LIV now claims that Thierry Pascal, senior vice president of international media for the PGA Tour International, coaxed broadcasters to snub the upstart.

  • Saudi king, crown prince donate $40m to new charitable housing campaign

    King Salman and Crown Prince Mohammed bin Salman inaugurated the Charitable Jood Eskan Subscription campaign and made donations totalling $40 million, the Saudi Press Agency reported on Thursday. The campaign was launched by the Jood Eskan platform, and the monarch donated SR100 million ($27m), while the crown prince gave SR50 million ($13m) toward the provision of housing for needy families.

  • NEOM Airlines to launch in 2024, plans visa-free travel

    Klaus Goersch, the airline’s CEO, said: “The airline will be operational at the end of 2024 and will be focused on enabling travel for tourists, residents, and commercial partners to and from NEOM. “In the first instance out of NEOM Bay Airport, which is already open with Saudia flights domestically as well as to London and Dubai, and then from the NEOM International Airport later in the cycle. “Our resorts will be going live in early 2024, so we need to service that demand quickly, initially retrofitting existing aircraft with existing technology.

  • Saudi Central Bank mirrors Fed to raise rates by 25 bps

    The Saudi Central Bank said on Wednesday it hiked its key interest rates by 25 basis points, mirroring the U.S. Federal Reserve's move as the Saudi riyal is pegged to the dollar. The Saudi Central Bank, also known as SAMA, raised its repo and reverse repo rates by 25 bps each to 5.5% and 5%, respectively, it said in a statement.

  • Another New Saudi Carrier: NEOM Airlines To Launch Next Year

    "We are there to enable the destination.(...) NEOM's resorts will be going live in early 2024, so we need to service that demand quickly, initially retrofitting existing aircraft with existing technology. But come 2026 onwards, there will be new innovative aircraft – whether it be electric, hydrogen-powered or supersonic – and next-generation interiors coming online from us. We are already in discussions with plane, interior, and seat manufacturers."

  • After Iraq: How the U.S. Failed to Fully Learn the Lessons of a Disastrous Intervention

    The core lesson of the 2003 Iraq war is that ruptures in autocratic settings are inherently fraught with risk. Policymakers should approach proposed interventions in such settings with caution.

  • Iranian, European diplomats meet in Norway for ‘brainstorming’

    Iranian and European diplomats have met in Norway for talks geared to revive the 2015 nuclear deal, Amwaj.media has learned. Multiple sources with knowledge of the recent engagement have confirmed that the discussions took place in Oslo last week.

  • Saudi: New Sports Law to contain intolerance and discrimination rules; promote foreign investments

    The draft Sports Law, approved by the Shoura Council on Monday, aimed at developing the spirit of decent competition, as well as curbing discrimination, abuse, and intolerance. There are provisions in the law to combat banned doping, as well as to promote international cooperation in the sports fields. The law also aims to encourage investment in the sports field, with the promotion and attraction of local and international sports investments, enhance transparency and governance procedures in various sports activities and fields, in addition to containing illegal practices.

  • 22 Local Startups Nominated for Saudi Entertainment Industry

    The General Entertainment Authority has nominated 22 startups for the first Entertainment Business Accelerator, which aims to provide support for entrepreneurs interested in the sector. The authority launched the business accelerator on Feb. 26, in a step that seeks to empower local competencies and emerging projects, given the unprecedented leap in recreational activities, in line with the Kingdom’s trends to diversify sources of income and increase non-oil revenues.

  • Commentary: Diplomacy between Saudi Arabia and Iran could isolate and constrain Israel

    Even if the U.S. were convinced that Iran is crossing Israel’s nuclear “red line,” would the Biden administration still support an Israeli strike that could cause it new headaches by destabilizing the region? Not likely.