Saudi Arabia posts $33.5bn budget deficit amid drop in oil sales | Business and Economy News
Kingdom announces sharp rise in budget shortfall amid the effective closure of the Strait of Hormuz. Published On 6 May…
Tag: Saudi
Saudi Arabia Cuts Oil Prices for June
Saudi Arabia cut the price of its main oil grade for Asia next month from a record-high in May. The…
Saudi Arabia Posts Biggest Deficit Since 2018 On Hormuz Closure
Saudi Arabia’s fiscal deficit widened in the first quarter to the highest level since 2018 as the closure of the…
Saudi oil prince’s iron grip faces ultimate test with UAE’s shock OPEC exit
By Yousef Saba, Ahmad Ghaddar and Maha El Dahan May 1 (Reuters) – Saudi Energy Minister Prince Abdulaziz bin Salman…
Howe says Saudi owners’ desire for success at Newcastle remains unchanged | Football News
PIF said on Thursday that it would cut funding of LIV Golf at the close of the 2026 season. Published…
LIV Golf: Is Saudi Arabia’s sports revolution unravelling?
When viewed in this context, it is little surprise that LIV – which had racked up billions of pounds of…
LIV Golf has lost its Saudi funding. Golfers who rejoin the PGA Tour may face financial fallout.
A Saudi sovereign fund reportedly poured more than $5 billion into the golf league. The fund now says its investment…
Saudi Arabia to end LIV Golf funding, while league appoints new chairman | Golf News
Published On 30 Apr 202630 Apr 2026 Saudi Arabia’s Public Investment Fund (PIF) has confirmed funding to the breakaway LIV…
LIV Golf: Saudi Arabia to withdraw funding at end of season
Al-Rumayyan co-founded LIV in 2021 and has been the tour’s most powerful figure. This week LIV postponed its June event…
Saudi PIF to end funding of LIV Golf league after 2026 season
LIV Golf signage is seen prior to LIV Golf Mexico City at Club de Golf Chapultepec on April 15, 2026…