The City of London must embrace its friendship with Saudi Arabia June 2, 2025 By working together, the UK cannot only help Saudi Arabia realise its ambitious vision but also secure new growth for both nations, writes Alastair King.
Blue collar brain drain to Saudi is harming major infrastructure projects May 20, 2025 An exodus of talent from Britain’s infrastructure sector to the Middle East is harming the delivery of major projects in the UK, according to the head of a key labour supplier. “Certain skills are missing in every level really when you look at it,” the boss of London-listed Hercules, which specialises in supplying labour to [...]
Aston Martin: PIF and Geely billionaire’s shares shift after investment May 12, 2025 The proportion of shares Saudi Arabia’s Public Investment Fund (PIF) and Chinese billionaire Shufu Li’s hold in luxury car brand Aston Martin has changed following a major shares issue. In March Yew Tree Consortium, which is led by chairman Lawrence Stroll, placed 75 million additional shares in the London-listed business. As a result, both the value of the [...]
Saudi Arabia’s PIF sponsors new $13m prize golf series May 8, 2025 The Saudi Arabia investment vehicle the Public Investment Fund (PIF) is to be the title sponsor of a revamped golf programme. The PIF Global Series will replace the Aramco Team Series and will have a total prize pot of $13m. The PIF Global Series will span five events on the Ladies European Tour (LET) – [...]
Oil prices slump to four-year low amid Opec+ production push May 5, 2025 Oil prices have slumped to a four-year low as concerns over a supply glut from Saudi Arabia and a slowing global economy rattle the sector. Brent crude, the global benchmark, has fallen more than four per cent after oil cartel OPEC+ agreed over the weekend to increase oil production by another 411,000 barrels a day [...]
Can London challenge Saudi Arabia and India for Olympic Games? April 30, 2025 Mayor Sadiq Khan wants the 2040 Olympic Games in London but up against Saudi Arabia, India and other new global powers, can Great Britain compete? Picture the scene: the year is 2040, the Olympic Games are back in London; Danny Boyle – at the age of 83 – has been persuaded out of retirement to [...]
Virgin Atlantic boss slams Heathrow chief for dozing during fire April 28, 2025 A decision by the head of Heathrow Airport to go to bed during last month’s substation fire was “questionable,” the chief executive of one of its main airlines has said. In an interview with the Telegraph, Virgin Atlantic boss Shai Weiss said the behaviour of Thomas Woldbye was not that expected of a chief executive. [...]
Scandal after scandal: What is happening at PwC? April 24, 2025 Over the last few years, PwC has been involved in several scandals. It's now battling to prevent more from happening
Saudi Arabia aiming for £17bn sports sector valuation by 2030 April 8, 2025 The world’s newest major sports player Saudi Arabia aims to have a sports sector worth $21bn (£16.5bn) by 2030. It comes as the Gulf state confirmed the sector was currently worth $8.5bn (£6.7bn) in 2025 having been worth just $1.3bn (£1bn) in 2016. The entirety of the UK’s sports sector contributes around £100bn to the [...]
Dazn’s Pete Oliver on growth, ‘insane’ fights, boxing’s golden era and TKO April 3, 2025 Dazn’s CEO of Growth Markets Pete Oliver is bullish about the sports streamer’s growth as it leans into boxing and its Saudi relationship – and, he says, Dana White’s TKO is welcome. What’s the only thing crazier than stopping rush hour traffic in downtown New York City to stage a high-profile boxing event in Times [...]