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  • PGA Goes After Saudi Fund and Its Chief as LIV Feud Widens

    The PGA’s attempt to add LIV’s financial backer to the suit comes amid a conflict over where the fund, called PIF, and Al-Rumayyan should be required to submit documents and testimony in the case — something they argued they didn’t need to do because they weren’t parties to the suit and have sovereign immunity. If added as defendants in the suit, they would no longer be able to claim that immunity, the PGA Tour said.

  • Saudi Arabia launches entrepreneurship alliance to strengthen space tech ecosystem

    The announcement follows Saudi Arabia’s Cabinet approval of the creation of the Supreme Space Council in November, comprising Saudi government officials, including the Minister of Communications and Information Technology and the Minister of Foreign Affairs.

  • Iran-Europe tensions surge amid major Israel-US military drills

    Iran has warned Britain and the European Union against proscribing the Islamic Revolutionary Guard Corps (IRGC) as a terrorist organization, warning that such a step will be met with a strong response. This comes as division is mounting in Europe over how to approach the Islamic Republic amid the deadlock over the 2015 nuclear deal as well as Iran’s crackdown on dissent at home and military cooperation with Russia.

  • French quantum computer startup PASQAL raises 100 million euros

    Paris-based quantum computer startup PASQAL on Tuesday said it had raised 100 million euros ($109 million) and aims to deliver major commercial advantages over classical computers by next year using the fresh funds. The investment is the biggest private funding round for a quantum computer startup in Europe, according to Georges-Olivier Reymond, CEO and co-founder of PASQAL. It comes as the stock price collapse of three New York-listed quantum computer makers, IonQ Inc (IONQ.N), Rigetti Computing , and D-wave Quantum has made funding for the sector challenging.

  • Another LIV Golf executive shakeup gives Greg Norman bigger role at Saudi circuit

    “Majed Al Sorour has been and will continue to be an invaluable part of LIV Golf, as he continues in his Board of Directors capacity,” a LIV Golf spokesperson told Golf Digest. “Majed’s role was pivotal in supporting the launch of LIV Golf. As the business transitions into its first full season with a new broadcast partnership in place, the time is right for the managing director role to transition and for Majed to focus efforts and attention on other interests.

  • Ronaldo factor secures European rights deals for Saudi Pro League

    Having only been brought in last week, IMG has managed to secure a range of deals with partners including Sport TV in Portugal, Sportitalia in Italy, RMC Sport in France, Cosmote in Greece and Sportdigital Fussball in the German-speaking DACH countries. Domestically, live coverage of the league has already been acquired by Ministry of Sport-backed enterprise the Saudi Sports Company (SSC).

  • Saudi Arabia stays top crude supplier to China in 2022, Russian barrels surge | Reuters

    Russia remained China's second-largest source of crude oil in 2022, following repeat top supplier Saudi Arabia, as Chinese refiners snapped up low-cost Russian barrels while Western countries shunned them after the Ukraine crisis. China's crude oil imports from Russia jumped 8% in 2022 from a year earlier to 86.25 million tonnes, equivalent to 1.72 million barrels per day (bpd), data from the General Administration of Customs showed on Friday.

  • Davos 2023: Saudi FM urges Israel to engage seriously on resolving Palestinian conflict | Reuters

    Prince Faisal, speaking at the World Economic Forum in Davos, said Israel's government was sending "some signals that maybe are not conducive to that" but voiced hope it would see that resolving the conflict would be in Israel's interest and that of the wider region.

  • EU to counter game changing U.S. climate move with own law

    U.S. climate envoy John Kerry told a separate panel on financing the transition to a low carbon economy that the only way to avoid catastrophic damage caused by climate change was for governments and companies to spend big. "How do we get there? The lesson I have learned in the last years ... is money, money, money, money, money, money, money," Kerry said of what was needed for the world to stand any chance of meeting the Paris agreement goal of limiting global warming to 1.5 degrees Celsius above pre-industrial levels.

  • Europe boosts Russian diesel buying ahead of ban set to rock market

    European traders are rushing to fill tanks with Russian diesel as the clock runs down on a Feb. 5 European ban expected to tighten supplies, re-draw global shipping routes and increase price volatility. The ban is likely to create a diesel supply shortfall which Europe hopes to fill with Chinese fuel, some of which will be produced from Russian crude. China has raised its first batch of 2023 export quotas for refined oil products by nearly half versus a year ago.