Some call it sports washing,others call it image and reputation management. Whatever it is,Saudi Arabia’s multibillion-dollar spending spree isn’t likely to stop any time soon.
Could the expansion of the BRICS club of developing economies lead to a shift away from the greenback’s dominance in world trade and finance? Maybe at the margins.
The outlook for the young Saudi rule had looked bleak. But it has all been turned on its head. Rather than being isolated,MBS is at the centre of the world.
American officials said the UN told them that Saudi security forces were shooting,shelling and abusing migrants,leaving many dead and wounded.
Two OPEC members would add financial heft to the BRICS group of nations amid dissatisfaction the current world order disproportionately favours the West.
For China,BRICS is another powerful engine for it to spread its influence around the world,particularly in developing nations.
Surging oil prices are allowing Russia to generate more revenue to fund its war. It might be time for the West to step in.
Paris Saint-Germain have given Al-Hilal permission to negotiate directly with the French striker,who is expected to become a free agent at the end of the upcoming season.
With the rest of OPEC sitting out the latest rounds of oil production cuts,they probably don’t have a choice,even if Russia fails to live up to its commitments.
The kingdom is trying to talk a fine balance – keeping oil prices high,even as it looks to tip-toe away from an oil-dependent future.
LIV Golf finally broke through to the mainstream when Chase Koepka wowed Australian fans in Adelaide. But the path to a truce few thought possible had already started just a few days earlier.