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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Abu Dhabi council review budget, sports development

Abu Dhabi, UAE - Abu Dhabi Sports Council discussed business developments and plans for developing the sports sector here, local...
  • The board reviewed the general financial budget for 2024, which reflects the strong performance of the council and its impact on the sports sector
  • They also reviewed the strategic and operational performance report for the first half of 2023 and the performance indicators report

Turkish clubs financially hit attracting big names in transfer market

Eyes have been on Saudi clubs' transfer outlays which have rivaled those of the top European sides, but Turkish teams...
  • Reigning Turkish champions Galatasaray spent US$32 million this summer, down on the US$45 million of the same window last year.
  • Economist Kerem Akbas believes trying to appease football fans in the country pushes clubs into spending money they cannot afford.

China fans cheer for Syria after ‘another embarrassing defeat’

Beijing, China - Angry China fans turned on their team and applauded the visiting Syrians off the pitch after what Chinese...
  • China's Serbian coach Aleksandar Jankovic blamed bad luck for the 1-0 friendly loss in Chengdu on Tuesday, which came days after they were held 1-1 by Malaysia also at home
  • President Xi Jinping wants China to one day host and even win the World Cup, but they are ranked 80th in the world and confidence is rock-bottom ahead of World Cup qualifying

Saudi clubs spent $875.4m on new players from June 1- Sept 1, says FIFA

Spending by Saudi Arabian football clubs in the transfer window just closed was second only to that by teams in...
  • Much of the Saudi Pro League's business was done with English Premier League clubs, which received $698 million in overseas transfer fees.
  • The Pro League's net spend, deducting money received from selling players, was $907 million, placing it behind Premier League's net spend of $1.39 billion.

Demarai Gray quits Everton to join Saudi Arabia’s Al-Ettifaq

London, United Kingdom - Demarai Gray has left Everton for Al-Ettifaq ahead of Thursday's transfer deadline in the Saudi Pro League.The...
  • The 27-year-old forward is the latest Premier League player to head to the Gulf nation, joining former Liverpool midfielder Jordan Henderson at Al-Ettifaq.
  • The Jamaica international said that he would be "forever proud" to have played for Everton, who are in the relegation zone after a poor start to the season.

Israel’s sports team makes landmark visit to Saudi Arabia

Riyadh, Saudi Arabia - An Israeli sports delegation arrived in Saudi Arabia on Monday to participate in the World Weightlifting...
  • Three Israeli weightlifters are set to compete in different weight classes during the World Weightlifting Championships
  • Israeli athletes are expected to participate in a competition in Qatar in December, even though neither Saudi Arabia nor Qatar maintains diplomatic ties

Saudi and Iran to resume home-and-away matches: AFC

The move by the two countries' football federations would contribute to "fostering closer ties between their respective footballing communities, allowing...
  • Saudi Arabia and Iran severed ties in 2016 after Saudi diplomatic missions in Iran were attacked during protests over Riyadh's execution of Shiite cleric Nimr al-Nimr.
  • The AFC then decided that football matches between the two countries would take place on neutral ground, an arrangement it described at the time as "most unfortunate".

Tunisian tennis star Ons Jabeur enters last 16 at US Open

Jabeur, who will now face China's Zheng Qinwen in the last 16 on Monday, said her punishing training regimen in...
  • Tunisian fifth seed Jabeur, whose own US Open campaign has been disrupted by a flu virus, completed a 5-7, 7-6 (7/5), 6-3 victory to subdue Bouzkova in 2hr 56min
  • A contest of high drama on the Arthur Ashe Stadium saw Bouzkova play virtually half of the match on one leg after suffering a thigh injury midway through the second set

Liverpool turns down Al-Ittihad $190m offer for Mohamed Salah

LONDON, UK - Liverpool have rejected a blockbuster £150 million ($190 million) offer for Mohamed Salah from Saudi Arabian side Al-Ittihad,...
  • Egypt star Salah has been linked with a move to the Gulf State for several weeks and it is believed a verbal offer was made to Liverpool by Al-Ittihad.
  • His agent had publicly ruled out a switch to Saudi during the close-season amid a host of Premier League stars opting to accept lucrative offers from the Gulf State.

Gulf Federation for Electronic Sports formed, will develop regional talent

Riyadh, Saudi Arabia - The Gulf Federation for Electronic Sports was established Thursday on the sidelines of the Next World...
  • A total of 14 MoUs and agreements were signed at the Next World Forum, an event in Riyadh that brings together leaders and experts of the gaming and e-sports.
  • The agreements included aspects related to federations, sponsorships, proposed values, and education.

Big money as Saudi Arabia makes foray into cricket with IPL auction

Crown Prince Mohammed bin Salman has backed extravagant sports investments -- set to culminate in Saudi Arabia hosting the football...

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Al Nassr thrash Inter Miami as Ronaldo, Messi watch on

Otavio drilled in the opener as Miami lost the ball trying to play out from the back, bringing Ronaldo to...

Saudi football chief brands Mancini penalty walkout ‘unacceptable’

Doha, Qatar - The president of Saudi Arabian football said Roberto Mancini's disappearing act before the end of the penalty shootout...

Iran ‘following dreams’ in trying to win first Asian Cup since 1976

Doha, Qatar - Iran are "following our dreams" in trying to win the Asian Cup for the first time in 48...

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Son faces Saudis, Palestine make history in Asian Cup last 16

The knockout phase begins on Sunday when Australia play Indonesia, followed the same day by the United Arab Emirates against...
  • The tournament has been whittled down from 24 teams to 16 but trying to predict who lifts the trophy on February 10 looks more difficult than ever
  • Japan came to Qatar as favourites and looking to win the title for a record-extending fifth time, but they reached the knockout phase as only runners-up in their group behind Iraq

Coach Mancini lays out Saudi’s plan at Asian Cup

Doha, Qatar - Roberto Mancini said on Wednesday that Saudi Arabia fear no team at the Asian Cup and will not...
  • "Our calculation is always to win all the games we play," said Mancini, who won the European Championship with his native Italy in 2021.
  • Mancini has repeatedly played down Saudi Arabia's chances of winning the Asian Cup saying Japan, South Korea, Iran and Australia are favorites.

Tata Group retains IPL sponsorship rights for record $300m

New Delhi, India - Corporate behemoth Tata Group has again been awarded title sponsorship rights of the Indian Premier League for...
  • Tata Group already holds the title sponsorship for the IPL and its sister competition, the Women's Premier League, which staged its first tournament last year
  • The IPL attracts cricket's top international stars with bumper salaries, and features 10 sides competing in the sport's hugely popular Twenty20 format