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To prep for sale of Ronaldo’s Saudi team, PIF pays off $213 million debtTo prep for sale of Ronaldo’s Saudi team, PIF pays off $213 million debt

The Scoop Saudi Arabia’s sovereign wealth fund is tapping its portfolio companies to pay off 800 million riyals ($213 million) of debt held by the soccer club Al Nassr — where star Portuguese striker Cristiano Ronaldo plays — according to people familiar with the matter. Public Investment Fund (PIF) is ...

Saudi Arabia is learning the hard way: they can’t count on Trump for protection | Mohamad BazziSaudi Arabia is learning the hard way: they can’t count on Trump for protection | Mohamad Bazzi

After Houthis escalated their attacks on Saudi Arabia, the US turned down calls from MBS for help For years, Saudi Arabia’s crown prince, Mohammed bin Salman, cultivated a close relationship with Donald Trump and his son-in-law and former top adviser, Jared Kushner. The prince understood the president’s transactional approach to ...

Cuts force World Food Programme to end support for half a million Palestinians in GazaCuts force World Food Programme to end support for half a million Palestinians in Gaza

Two-thirds of population face crisis levels of food insecurity and 200,000 people are in danger of famine This winter is likely to deepen hunger for Palestinians in Gaza, after sweeping aid cuts forced the UN’s World Food Programme (WFP) to end support for more than half a million people each ...