Saudi Arabia Pulls Funding From LIV Golf

After spending recent weeks on life support, LIV Golf has lost the funding of its Saudi backers, the Wall Street Journal reported. LIV plans to tell players and staff by Thursday that Saudi Arabia’s Public Investment Fund will no longer bankroll the circuit after this season, according to people familiar with the matter. The move sounds the death knell for the upstart that sowed chaos in professional golf by plowing billions into the sport and poaching A-list players. The writing had been on the wall for nearly a month.
Saudi Arabia
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Analysis: The U.A.E.’s OPEC Bombshell Signals a New Middle East Order

The United Arab Emirates’ decision to withdraw from OPEC did more than deliver a shock to the cartel that has long ruled the global oil market. It also rang the opening bell for the new geopolitical order that the war with Iran is ushering in across the Middle East, the Wall Street Journal reported. The new alignment is redrawing political fault lines between the Arab world and Israel that defined the region for decades.
United Arab Emirates
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