Tag: Sovereign Wealth Funds

UAE, a US Ally, Looks to China and Russia for Deeper Ties

The United Arab Emirates, which has translated its wealth into outsize global influence, is diverging from U.S. foreign policy — particularly when it comes to isolating Russia and limiting ties with China.

Tiger Woods Joins PGA Tour Board in Concession to Player Demands

With the addition of Woods, players will outnumber independent directors, giving them the final say in the tour’s plan to form a partnership with Saudi Arabia’s sovereign wealth fund.

Pressured by U.S., PGA Tour and Saudi Fund Drop Key Part of Golf Deal

The two parties had promised not to poach each other’s players. Their decision to abandon that clause removes one of the few binding provisions of the agreement that has rocked golf.