Latest news with #SaudiPublicInvestmentFund
Time of India
5 days ago
- Business
- Time of India
india saudi investment: Two Sharp with ET: US Court revives Trump's tariffs & India opens investment gates for Saudi Arabia - The Economic Times Video
In this episode of Two Sharp with ET, Nisha Poddar breaks down two game-changing developments. A courtroom U-turn in Washington has brought Donald Trump's controversial tariffs back to life just 24 hours after they were struck down. The trade court called them unconstitutional, but an appeals court has now reinstated them. What does this mean for global trade, corporate forecasts, and the market mood? Meanwhile, India has quietly opened the floodgates to Saudi billions. New Delhi has granted the $925 billion Saudi Public Investment Fund a major exemption from foreign investment limits. This move could turbocharge Saudi stakes in Indian firms — especially in infrastructure, pharma, and energy.
National Post
23-05-2025
- Sport
- National Post
Scottie Scheffler takes shot at LIV golfers as PGA Tour merger talks crawl along
Scottie Scheffer doesn't pull many shots while he's on the golf course and didn't pull any punches with his comments about the ongoing talks between the PGA Tour and LIV Golf. Article content While speaking at the Colonial Country Club in Fort Worth, Tex., site of this week's Charles Schwab Challenge, the world's No. 1-ranked golfer called out colleagues that defected to the Saudi-backed breakaway tour for holding up potential merger talks between the two groups. Article content 'I have said it a few times this year: If you want to figure out what's going to happen in the game of golf, go to the other tour and ask those guys,' Scheffler said. 'I'm still here playing the PGA Tour. Article content 'We had a tour where we all played together and, the guys that left, it's their responsibility, I think, to bring the tours back together. Article content 'Go see where they're playing this week and ask them.' Article content Article content Scheffler's last comment appeared to be a thinly veiled dig at LIV Golf's light schedule, as the tour's previous tournament in South Korea ended on May 4 and the next event tees up in two weeks, on June 6 at Robert Trent Jones Golf Club in Virginia. Article content It has been nearly two years since the PGA Tour announced that it would be merging with LIV Golf, with reports that the Saudi Public Investment Fund would be pumping money into the combined outfit. Article content Since the announcement, lengthy discussions have yet to bring a deal to fruition that would allow tournaments to feature all of the world's top players. Article content Last week, Scheffler captured the PGA Championship in dominant fashion for his third career major championship. He ran away with the win as LIV golfers Bryson DeChambeau and Jon Rahm crumbled down the stretch. Article content While LIV players are allowed to compete in the sport's four majors, they are barred from most PGA Tour events. Scheffler, who has 15 wins on Tour, was asked if his results would've been affected by the presence of LIV Golf stars. Article content Article content 'Who knows? I only get to compete against those guys four times a year. That was their choice, not mine,' Scheffler said on Wednesday. Article content 'At the end of the day I'm here competing and doing the best I can, and that kind of stuff, what's the point of me thinking about, you know? There's really absolutely no point to that. Article content 'We get four chances to compete against them. Last week went well. I get another chance here in a few weeks.' The next time he will face off against the stars of LIV Golf will come at the U.S. Open, beginning on June 12 at Oakmont Country Club in Corinth, Texas. Article content
New York Post
22-05-2025
- Business
- New York Post
Scottie Scheffler shades LIV golfers as PGA talks drag on: ‘I'm still here'
As partnership talks between the PGA Tour and LIV Golf drag on, Scottie Scheffler is putting the onus on those who defected to the Saudi-backed league that began three years ago. 'I have said it a few times this year. If you want to figure out what's going to happen in the game of golf, go to the other tour and ask those guys,' Scheffler, fresh off his PGA Championship victory, said Wednesday ahead of the Charles Schwab Challenge at Colonial Country Club in his backyard of Fort Worth. 'I'm still here playing the PGA Tour. We had a tour where we all played together, and the guys that left, it's their responsibility I think to bring the tours back together. Go see where they're playing this week and ask them.' Advertisement 3 Scottie Scheffler sizes up a putt during a practice round ahead of the Charles Schwab Challenge on May 21, 2025. Getty Images Scheffler's pointed comments signals he was aware that LIV Golf is not holding an event this week and won't tee up again for two more weeks, when they'll play at the Robert Trent Jones Golf Club in Virginia. Nearly two years ago, the PGA Tour announced it would be merging with LIV Golf, with the Saudi Public Investment Fund pumping money into the combined tour. Advertisement But that hasn't materialized, and discussions about the tours working together so that tournaments can have fields featuring all of the best players in the world have lingered. 3 Scottie Scheffler speaks to reporters at the Charles Schwab Challenge on May 21, 2025. Getty Images Scheffler, 28, captured his third major championship on Sunday at Quail Hollow as LIV golfers Bryson DeChambeau and Jon Rahm crumbled down the stretch. The Dallas native, who has 15 PGA Tour wins, was asked Wednesday whether he thinks his results would be different if he had been playing in fields featuring LIV Golf players. Advertisement 'Who knows? I only get to compete against those guys four times a year. That was their choice; not mine,' Scheffler said. 'At the end of the day I'm here competing and doing the best I can, and that kind of stuff, what's the point of me thinking about, you know? There's really absolutely no point to that. 3 Bryson DeChambeau on the 18th green during the final round of the PGA Championship on May 18, 2025. IMAGN IMAGES via Reuters Connect Advertisement 'We get four chances to compete against them. Last week went well. I get another chance here in a few weeks.' The U.S. Open at Oakmont begins on June 12. DeChambeau won the event last year at Pinehurst.
Leaders
21-05-2025
- Business
- Leaders
PIF's Al-Rumayyan, France's Macron Open Paris Office
The Governor of the Saudi Public Investment Fund (PIF), Yasir Al-Rumayyan, and the President of France, Emmanuel Macron, opened PIF's subsidiary company office in Paris. On Wednesday, Al-Rumayyan and Macron attended the opening ceremony, alongside high dignitaries and business officials from Saudi Arabia and France. The opening ceremony coincided with the annual 'Choose France' event hosted in Paris. By opening a new subsidiary company office in Paris, the PIF expands its global footprint and strengthens ties with France, a major international market. The move also underscores the PIF's commitment to enhancing engagement with local partners, key businesses and institutional investors. Importantly, the new subsidiary company office will foster the PIF's partnerships across Europe. The PIF invested $84.7 billion in Europe, between 2017 and 2024, injecting $52 billion to the continent's GDP and generating more than 254,000 direct and indirect jobs across Europe. France's share of these investments amounted to $8.6 billion, adding $4.8 billion to the country's GDP and creating 29,000 direct and indirect jobs for the French economy. Furthermore, the new office in Paris aligns with the PIF's strategy to propel global economic growth and spearhead Saudi Arabia's economic transformation. The Paris office adds to the PIF's subsidiary company offices in New York, London, Hong Kong and Beijing. The PIF also has around 220 portfolio companies, which contributed to creating more than 1.1 million jobs across the Kingdom and worldwide. Short link :
Yahoo
13-05-2025
- Business
- Yahoo
US Ryder Cup captain Bradley eyes LIV's Koepka, DeChambeau
US captain Keegan Bradley might bring together PGA Tour and LIV Golf talent for September's Ryder Cup showdown against Europe, even as the competing groups can't complete a deal themselves. Reigning US Open champion Bryson DeChambeau and five-time major winner Brooks Koepka of LIV Golf were among those invited to a gathering last week of potential US Ryder Cup players, Bradley said Tuesday at the PGA Championship. Nearly two years after a framework agreement for LIV's backers, the Saudi Public Investment Fund, to invest in the PGA Tour, no deal has been made and stars from rival tours only meet in majors such as this week's event at Quail Hollow. Bradley, however, sees room for LIV talent on the US Ryder Cup team. Koepka has played four times and was the only LIV player on the 2023 US squad that lost to Europe in Italy as a captain's pick. DeChambeau has played twice, most recently in 2021, a year after winning his first major at the US Open. "We invited Brooks and Bryson and they were in there on points and they played on previous teams. It was great to have them there," Bradley said. "This Ryder Cup and what comes with this, no one cares about what's going on in this side PGA Tour-LIV. We're trying to put the best team together. "It could mean there's one LIV guy, two LIV guys, it doesn't matter. We'll see how this year shakes out. It was really great to have them together with all the guys. It has been a while since we've been able to do that." Bradley won't see LIV events as much being a PGA player, so watching the 15 LIV players in this week's field of 156 is important. "These guys are playing in all four of the majors, so we'll have that. A lot of them are up in these leaderboards every major," Bradley said. "We'll see how the year shapes out. The data is a little less at LIV. We don't have quite the same stats that we have out here, but we have some. We know winning and contending on any tour at any level is difficult. I don't care where you play. "Winning on the LIV is difficult. You can see guys -- winning a LIV event is a big deal." Winning the biennial team matches is huge as well as this year's contest at Bethpage Black near New York looms. Holders Europe have not won on US soil since the 2012 "Miracle at Medinah" in suburban Chicago. The United States leads the all-time rivalry 27-15 with two drawn but since the British and Irish side expanded to all of Europe in 1979, Europe is 12-9 with one drawn. - 'Majors separate guys' - Current US Ryder Cup qualifying points leaders include top-ranked Scottie Scheffler and fellow two-time major winners Xander Schauffele, Justin Thomas, Collin Morikawa and LIV's DeChambeau with Russell Henley holding the sixth and final automatic points berth. The top six after the BMW Championship on August 17 will qualify with Bradley's six captain's picks after the Tour Championship fill out the 12-man US roster. "We have to see how the team takes shape in the next couple months, but we'll definitely be using analytics to help us make the picks, along with obviously the eye test of who we think is going to be suited for Bethpage," Bradley said. "When you get down to it, they're always really tough decisions, so the more information you can get helps you with those." Bradley will be looking intently at candidates this week under major tournament pressure. "I think these majors kind of separate guys," Bradley said. "You see a guy hang in there on Sunday, that's an impressive thing, especially around a course like this." Bradley doesn't see himself as a candidate to play. "I don't even think about me as a player at this point," Bradley said. "If I get to the end of the year and I'm in that conversation, I'll change that." js/nr
