What Is the Saudi Sovereign Wealth Fund?
The secretive $700 billion investment fund has set its sights on tourism, job creation, private equity and, now, golf.
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The secretive $700 billion investment fund has set its sights on tourism, job creation, private equity and, now, golf.
Analysts said the countries’ mutual need to keep energy prices high would help them maintain close ties, despite signs that Moscow has undercut previous deals.
U.S. Secretary of State Antony J. Blinken will travel to Saudi Arabia to discuss the idea at a time when the politics in the three countries may make normalization difficult.
Addressing an Arab League summit in Saudi Arabia, President Volodymyr Zelensky of Ukraine urged Arab nations to stand with him against Russia and called out their reluctance to take sides in the war.
The high-level talks were a sign that the regional rivals were moving ahead with an agreement to re-establish relations, mediated last month by Beijing.
Despite qualms in Washington, Saudi officials have pressed the United States to help them develop nuclear power. But they are also exploring other options, including China.
The infusion of money from interests in the two Persian Gulf monarchies reflects the close ties to Middle Eastern countries established by Jared Kushner, former President Donald Trump’s son-in-law.
Saad Almadi, 72, a Florida resident, was one of several Americans and hundreds of Saudis caught up in the crackdown under Crown Prince Mohammed bin Salman. He still cannot fly home, his son said.
The Saudi crown prince is seeking a civilian nuclear program and security assurances from President Biden, a steep price for an agreement long sought by Israel.
The kingdom’s courts are meting out harsher punishments than ever to citizens who criticize the government, with prosecutions built on Twitter posts ending in prison sentences of 15 to 45 years.