May 3, 2024
Investment

PGA Tour investment may receive outside investment next week

The future of professional golf remains uncertain, but according to a report, answers could be around the corner. The Strategic Sports Group (SSG), an outside investment group headlined by Fenway Sports Group and comprised of several high-level U.S.-based sports owners, may begin its investment in the PGA Tour as early as next week, according to

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Finance

Asian Financial Forum: Hong Kong and Saudi Arabia agree to deepen collaboration between their financial markets on first day of annual event’s 17th edition

“This collaboration marks a significant stride in solidifying Hong Kong’s position as a leading international financial centre,” Laurence Li, the FSDC’s chairman, said during the opening ceremony of AFF. The two-day conference, which brings together hundreds of leaders from the government, finance and business communities, kicked off at the Hong Kong Convention and Exhibition Centre.

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Investors

How One Struggling Chip Company Benefited From Middle Eastern Investors’ AI Ambitions

illustration by angelica alzona for forbes; graphic by Natalja Cernecka/getty images As the U.S. restricts chip sales to the region over China concerns, California-based Blaize is planning to go public via a SPAC backed by Middle Eastern investors. By David Jeans, Forbes Staff For more than a decade, a California-based semiconductor company launched by Intel

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Funds

Middle East investments in China to bloom in amount, scope in 2024 as sovereign wealth funds aim to diversify: bankers

Saudi Crown Prince Mohammed bin Salman (right) welcomes Chinese President Xi Jinping in Riyadh on December 8, 2022. Photo: AFP “Middle Eastern sovereign wealth funds see opportunities in the attractive valuations of Chinese companies at the moment, and in the medium to long-term they are also very bullish on China and want to strengthen ties

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Investment

Rory McIlroy compliments LIV Golf, opens up on Saudi investment

Rory McIlroy is a diehard soccer fan who supports Manchester United, which made the four-time major winner a fitting guest for The Overlap’s “Stick to Football” show that features former United stars Roy Keane and Gary Neville as well as fellow greats Ian Wright and Jamie Carragher. As a guest on the show’s most recent

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