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The Latest Breaking News from PIF

Kiribati announces withdrawal from Pacific Islands Forum on eve of leaders' meeting

Kiribati has announced it will push ahead with its withdrawal from the Pacific Islands Forum, delivering a damaging blow to the regional body on the eve of its most important meeting in years.

ABC News

Kiribati withdrawal rocks Pacific forum

As Prime Minister Anthony Albanese prepares to head to the Pacific Islands Forum in Fiji, Kiribati has withdrawn from the regional body.

AAP

Kiribati withdraws from Pacific Islands Forum in blow to regional body

President says it will not be attending forum because of failure to address concerns of Micronesian countries

The Guardian - UK

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Asia and the Pacific stronger together

Better opportunities will arise from ASEAN and Pacific island nations banding together.

360info

Reports of a Pacific fracture fail to understand the region

Pacific Island nations are keenly aware that disunity is unhelpful for the region.

360info

Expanded, empowered PIF could lock in Pacific security

Amid global political turbulence, the Pacific is a region whose influence is sought by the world’s powers. Regional coordination is as important as ever.

360info

Jurgen Klopp's old club told by fans to scrap planned Newcastle United friendly

The Liverpool manager's former club have issued a strong statement condemning the decision to play Newcastle

Liverpool Echo

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Mainz vs Newcastle friendly to go ahead despite fans’ ‘sportswashing’ protest

Supporters have expressed disquiet over Saudi Arabia’s human rights record

The Independent UK

Mainz fans demand Newcastle friendly be called off due to Saudi owners

Newcastle United are due to take on German side Mainz as part of their pre-season schedule in Austria later this month, although a statement has come out, calling for the time to call off

Daily Mirror

PIF Launches ‘AviLease’ Aircraft Leasing Company

Saudi Arabia’s Public Investment Fund (PIF) announced on Thursday the launch of the Aircraft Leasing Company “AviLease”, which aims to be a leading institution across the aviation leasing value chain, maintaining an optimal portfolio of assets with its core focus on leasing, trading and asset management services. “AviLease” will initially…

Asharq Al-Awsat

Newcastle's latest sponsor highlights owner's long-term approach to challenging for honours

The Public Investment Fund of Saudi Arabia, alongside Amanda Staveley, Mehrdad Ghodoussi and Jamie Reuben purchased Newcastle from Mike Ashley in October 2021

Chronicle Live

Australia commits to Pacific islands defence training as China seeks rival meeting

Australia will establish a defence school to train Pacific island militaries, Canberra's new Pacific minister said, amid intensifying competition for security ties and as Beijing seeks to host a rival meeting to the main regional group, the Pacific Islands Forum, next month.

Reuters

China pushes for Pacific foreign ministers meeting at same time Pacific Islands Forum meets

Beijing is attempting to muscle in on the Pacific's most important high-level gathering, pushing for a meeting with the region's foreign ministers on the same day as another key event.

ABC News

‘Things aren’t going back’: Australia braces for step-up in China’s Pacific push

Despite initial relief over island nations’ rejection of security and economic pact, senior government figure says reprieve could be only temporary

The Guardian - AU

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ABC News

United States and China set to be excluded from Pacific Islands Forum meeting to avoid 'distraction'

The decision by the Pacific's peak diplomatic body to exclude major international powers from a crucial meeting next month will give leaders the opportunity to discuss regional issues without outside pressure.

The Conversation

LIV Golf: Sportwashing vs. the commercial value of public attention

The LIV Golf Invitational Series held its first event recently at Centurion Club in St. Albans, England.

Chicago Sun-Times

Fire silence on Arlo White speaks volumes

While the Fire haven’t said anything since White caught on with LIV Golf, the well-known announcer voiced reservations about the people funding it back in October.

Daily Mirror

Newcastle owners £340m double signing proves talent for disruption - but Toon may have to wait

The Saudis have blown apart golf this week by spending hundreds of millions to attract the top stars to their LIV golf events, which has further proven that the PIF has billions to spend on disrupting the world of sport

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Asharq Al-Awsat

Saudi Arabia’s wealth fund takes 8% stake in Swedish gaming firm embracer

Saudi Arabia's sovereign wealth fund is taking an 8.1% stake in gaming group Embracer via a direct share issue as part of a push into the games and esports industry. Sweden's Embracer said in a statement it was issuing 99.9 million shares at a price of 103.47 per share to…

The Guardian - AU

Pacific leaders reach crucial deal to restore political unity, as China’s interest in region accelerates

The agreement, which stops the region’s key diplomatic body, PIF, from splitting, lifts a ‘big dark, dark cloud that has been hanging over the Pacific’

ABC News

Pacific leaders strike a deal to keep Micronesian nations from splitting with Pacific Islands Forum

Micronesian leaders abandon demands for the current secretary-general of the Pacific Islands Forum to step down immediately, allowing him to serve out his term until 2024.

Asharq Al-Awsat

Saudi PIF Close to Buying Stake in Starbucks Middle East

The Saudi Public Investment Fund (PIF) has been shortlisted to buy a stake in the Middle East, North Africa, and central Asia Starbucks franchise held by Alshaya Group, revealed sources. The Starbucks franchise has several hundred outlets in 14 countries across the Middle East, Russia, and central Asia. Last year,…

ABC News

Pacific Island Forum's leadership crisis comes into focus as leaders arrive in Fiji to resolve tensions

The ABC understands Pacific Island leaders hope to strike an agreement to resolve leadership questions, reform the organisation and allow the forum to stay whole, after last year's threat by Micronesian nations to withdraw.

Asharq Al-Awsat

Saudi PIF Buys 23.97% Stake in Capital Bank Group

Saudi Arabia's sovereign wealth fund, the Public Investment Fund, said on Sunday it will buy a 23.97% stake in Capital Bank Group, one of the largest banking groups in Jordan, Iraq and the Middle East and North Africa (MENA) region. PIF will pay $185 million for the stake, by buying…

Axios

Jared Kushner under congressional investigation for $2B Saudi investment with private firm

Kushner denies acting improperly over his firm's transaction with the wealth fund controlled by Saudi Arabia's crown prince.

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