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Saudi Arabia’s PIF to take majority stake in MBC Group

Saudi Arabia’s Public Investment Fund (PIF) will acquire a 54 per cent stake in regional broadcaster MBC Group for 7.47 billion Saudi riyals ($1.99 billion) as the kingdom’s sovereign wealth fund boosts domestic investments. Istedamah Holding Company, a major shareholder…

Australian breakdancer Raygun rated world number one

Despite widely mocked performance in Paris controversial Olympian is deemed best on the planet The Australian breakdancer whose controversial performance during the Olympic Games earned her global mockery and a score of zero has remained world number one in her…

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