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Saudi Arabia signed over SR2 billion ($533 million) worth of agreements with African countries during a special conference in a "significant boost to the Kingdom’s ties with the continent," according to reports.

Saudi Arabia's Public Investment Fund, using a new investment vehicle, will reportedly make the Kingdom’s first foray into mixed martial arts (MMA) by investing $100 million in the US’s Professional Fighters League and creating a regional tournament, the Financial Times reports.

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