<![CDATA[Saudi Arabia cuts $200m in Met Opera House funding due to Iran war: Report]]>While $200m is a relatively small sum compared to Saudi Arabia’s vast $1 trillion sovereign wealth fund, the decision is notable as the first sign that the war on Iran is denting Gulf financial commitments in the West.

Peter Gelb, the Met Opera's general manager, told the NYT that the kingdom said its decision was based on damage to the country’s economy caused by the Iran war and the blockade of oil passing through the Strait of Hormuz.

The storied Met Opera turned to Saudi Arabia in September 2025 for a financial lifeline. At the time, it had drawn down more than a third of the money in its endowment fund - about $120m - to fund operations.

The Saudi Arabians agreed to support the Met, and in return, the opera house agreed to a long-term pledge of conducting performances in the kingdom for three weeks during winter.

Saudi Arabia has ploughed billions of dollars into sports, arts and entertainment in a bid to diversify its economy beyond oil revenue.

]]>https://polykyklo.gr/topic/2b37de5c-e3a1-498f-a6bf-faeb9a182282/saudi-arabia-cuts-200m-in-met-opera-house-funding-due-to-iran-war-reportRSS for NodeSun, 24 May 2026 17:21:14 GMTSat, 25 Apr 2026 10:56:13 GMT60<![CDATA[Reply to Saudi Arabia cuts $200m in Met Opera House funding due to Iran war: Report on Thu, 30 Apr 2026 12:16:14 GMT]]>

so I think the Saudis may be wasting money on that one.

Good, let them hahaha

]]>https://polykyklo.gr/post/https://lemmy.world/comment/23488348https://polykyklo.gr/post/https://lemmy.world/comment/23488348Thu, 30 Apr 2026 12:16:14 GMT<![CDATA[Reply to Saudi Arabia cuts $200m in Met Opera House funding due to Iran war: Report on Sat, 25 Apr 2026 17:17:18 GMT]]>The UFC demographic isn't exactly known for intelligence and I've never met a non Mexican-American who cared about soccer. Like I've met more hockey fans than soccer so I think the Saudis may be wasting money on that one.

]]>https://polykyklo.gr/post/https://sh.itjust.works/comment/25025768https://polykyklo.gr/post/https://sh.itjust.works/comment/25025768Sat, 25 Apr 2026 17:17:18 GMT<![CDATA[Reply to Saudi Arabia cuts $200m in Met Opera House funding due to Iran war: Report on Sat, 25 Apr 2026 14:07:30 GMT]]>They're playing both sides so they always come on top.

]]>https://polykyklo.gr/post/https://lemmy.world/comment/23404367https://polykyklo.gr/post/https://lemmy.world/comment/23404367Sat, 25 Apr 2026 14:07:30 GMT<![CDATA[Reply to Saudi Arabia cuts $200m in Met Opera House funding due to Iran war: Report on Sat, 25 Apr 2026 14:06:41 GMT]]>They're trying to improve their reputation. It's the same reason they spend billions on sport events, comedy festivals and other similar shit.

]]>https://polykyklo.gr/post/https://lemmy.world/comment/23404355https://polykyklo.gr/post/https://lemmy.world/comment/23404355Sat, 25 Apr 2026 14:06:41 GMT<![CDATA[Reply to Saudi Arabia cuts $200m in Met Opera House funding due to Iran war: Report on Sat, 25 Apr 2026 14:06:25 GMT]]>why? even Americans don't care and happily clap like trained monkeys in all the Saudi spoonsored UFC and soccer matches

]]>https://polykyklo.gr/post/https://lemmy.world/comment/23404351https://polykyklo.gr/post/https://lemmy.world/comment/23404351Sat, 25 Apr 2026 14:06:25 GMT<![CDATA[Reply to Saudi Arabia cuts $200m in Met Opera House funding due to Iran war: Report on Sat, 25 Apr 2026 14:02:59 GMT]]>Rich people go to the opera and Saudi buys favor with them in this roundabout way.

]]>https://polykyklo.gr/post/https://lemmy.ml/comment/25348457https://polykyklo.gr/post/https://lemmy.ml/comment/25348457Sat, 25 Apr 2026 14:02:59 GMT<![CDATA[Reply to Saudi Arabia cuts $200m in Met Opera House funding due to Iran war: Report on Sat, 25 Apr 2026 13:43:12 GMT]]>Everybody always brings up the one slain journalist, but 9/11 was a little bit worse than that.

]]>https://polykyklo.gr/post/https://lemmy.world/comment/23404085https://polykyklo.gr/post/https://lemmy.world/comment/23404085Sat, 25 Apr 2026 13:43:12 GMT<![CDATA[Reply to Saudi Arabia cuts $200m in Met Opera House funding due to Iran war: Report on Sat, 25 Apr 2026 13:17:02 GMT]]>It was a growth market.

]]>https://polykyklo.gr/post/https://lemmy.world/comment/23403803https://polykyklo.gr/post/https://lemmy.world/comment/23403803Sat, 25 Apr 2026 13:17:02 GMT<![CDATA[Reply to Saudi Arabia cuts $200m in Met Opera House funding due to Iran war: Report on Sat, 25 Apr 2026 12:52:50 GMT]]>Oooh noooo.

]]>https://polykyklo.gr/post/https://lemmy.world/comment/23403531https://polykyklo.gr/post/https://lemmy.world/comment/23403531Sat, 25 Apr 2026 12:52:50 GMT<![CDATA[Reply to Saudi Arabia cuts $200m in Met Opera House funding due to Iran war: Report on Sat, 25 Apr 2026 12:46:50 GMT]]>Trying to improve their reputation so people think about things like this, and not the time Saudi crown prince Mohammed bin Salman had journalist Jamal Khashoggi kidnapped and dismembered alive in the Saudi embassy in Istanbul while he watched over zoom.

]]>https://polykyklo.gr/post/https://lemmy.zip/comment/26099900https://polykyklo.gr/post/https://lemmy.zip/comment/26099900Sat, 25 Apr 2026 12:46:50 GMT<![CDATA[Reply to Saudi Arabia cuts $200m in Met Opera House funding due to Iran war: Report on Sat, 25 Apr 2026 12:38:50 GMT]]>Why did the Saudis fund and plan 9/11?

]]>https://polykyklo.gr/post/https://lemmy.world/comment/23403384https://polykyklo.gr/post/https://lemmy.world/comment/23403384Sat, 25 Apr 2026 12:38:50 GMT<![CDATA[Reply to Saudi Arabia cuts $200m in Met Opera House funding due to Iran war: Report on Sat, 25 Apr 2026 12:24:23 GMT]]>I guess I missed it—why are the Saudis funding the Met?

]]>https://polykyklo.gr/post/https://reddthat.com/comment/26270645https://polykyklo.gr/post/https://reddthat.com/comment/26270645Sat, 25 Apr 2026 12:24:23 GMT