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Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

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.

FIFA U-20 World Cup draw in Indonesia nixed after call for Israel ban

Organisers had hoped hosting Israeli games on the Hindu-majority island of Bali would offer a buffer against local backlash, but...
  • Fixtures for the 24-nation tournament beginning in May were due to be chosen on Friday in Bali, but FIFA cancelled the event without giving a reason
  • Officials said a likely factor in the draw's cancellation was a call by Bali governor for Israel to be banned over its policies towards Palestinians in a letter

Morocco stun Brazil 2-1 in first ever win over five-time world champions

Tangiers, Morocco--Morocco stunned Brazil 2-1 in a friendly international on Saturday as the north African side recorded a first ever win...
  • Sofiane Boufal, midfielder, gave Morocco the lead after 29 minutes, scoring with a powerful turn and drive from a pass by Bilal El Khannous
  • Casemiro, Brazil skipper, levelled the score in the 67th minute when his weak shot was fumbled by goalkeeper Yassine Bounou

Qatar Islamic Bank owner again offers to buy Manchester United

Manchester United have received a second Qatari bid to buy the English football giants, British media reported. The reports said...
  • Bidders were initially told they had until 2100 GMT on Wednesday to submit new offers, but reports say that has been extended.
  • No figures have been revealed but one or more of the initial bids were understood to be in the region of US$5.5 billion

Dubai World Cup: 129 horses compete for $30.5m prize money

Dubai, UAE -- The 27th Dubai World Cup, which begins on Saturday at the Meydan Racecourse, will see a total...
  • The World Cup, which begins on Saturday at Meydan Racecourse, will see horses from 13 countries in the contest.
  • The Meydan Racecourse, in partnership with leading auction house Goffs, hosted the second Dubai Breeze-Up Sale on 21 March.

Credit Suisse demise puts question mark over lucrative sponsorship deals

The Swiss national football team, the country's top football division, tennis great Roger Federer, golf star Sergio Garcia and Zurich's...
  • Golf and equestrian events also relied on Credit Suisse money, as did the Swiss Sport Aid Foundation, which backs talented young athletes in minority sports
  • Credit Suisse logo will stay on the national teams' training jackets and jerseys for as long as the bank exists, Swiss Football Association spokesman Adrian Arnold said

Abu Dhabi to host world’s largest autonomous racing league from 2024

Abu Dhabi, UAE -- The United Arab Emirates capital, Abu Dhabi, will host the world's largest autonomous racing league, with...
  • The first autonomous car race will take place at Yas Marina Circuit in the last quarter of 2024 as the first in a series of autonomous vehicle races.
  • The league will feature the Dallara-built Super Formula cars, the usage of which has been enabled by Japan Racing Promotion (JRP).

Qatari delegation visits Man Utd as bidding war for Premier League club intensifies

The rival bidders, Qatari businessman Sheikh Jassim Bin Hamad Al Thani and British billionaire Jim Ratcliffe were invited to visit...
  • Qatari businessman Sheikh Jassim Bin Hamad Al Thani and British billionaire Jim Ratcliffe, founder of the INEOS chemicals company, have made separate offers to buy United
  • There will be another day of presentations and tours at United on Friday, with boyhood United fan Ratcliffe who will be joined by INEOS co-owners Andy Currie and John Reece

Morocco joins Spain, Portugal to launch bid for 2030 World Cup

Morocco has joined the bid by Spain and Portugal to host the centenary World Cup in 2030, according to its...
  • South Korea and Japan in 2002 shared the competition, and in 2026, the finals will be played in the US, Mexico and Canada
  • Morocco, in December in Qatar, became the first nation from either Africa or the Arab world to reach the semi-finals

Iran names Ghalenoei as Queiroz successor

Based on the technical and expert review and the agreement made, Mr. Amir Ghalenoei, the valuable coach of our country...
  • Ghalenoei, 59, held the Iran job from 2006 to 2007 before his contract was ended after elimination by the South Korea in the 2007 Asian Cup quarterfinals
  • He is the most successful coach in Iranian premier league history with five titles, three times with Tehran powerhouse Esteghlal FC and two with Sepahan

BBC top boss not to resign in face of Lineker controversy

London, United Kingdom--The BBC's director general Tim Davie said he will not resign after the publicly-funded broadcaster's sport service was decimated...
  • The controversy was triggered by Lineker's response to a video in which Home Secretary Suella Braverman unveiled plans to stop migrants crossing the Channel on small boats
  • The publicly-funded broadcaster said on Friday that Gary Lineker, England's fourth highest goalscorer of all-time, had breached guidelines on impartiality

Saudi Arabia submits official bid to host FIFA World Cup 2034 after successful Qatar event in 2022

The next steps include official visits by FIFA and a comprehensive evaluation of the bid.

Company News

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ADQ signs multi-year sponsorship agreement with Egypt’s Pyramids Football

Abu Dhabi, UAE – ADQ, an Abu Dhabi-based investment and holding company, on Thursday announced the signing of a multi-year sponsorship...

Manchester City crowned FIFA Club World Cup winners for first time

Pep Guardiola also made history as the first coach to lift the Club World Cup on four occasions and with...

Man City ease into Club World Cup final but must cope without Haaland

Despite missing their biggest goal threat and creative hub, City were never troubled as an unblemished record for European sides...

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Brazilian Fluminense qualifies for FIFA Club World Cup final after beating Egyptian Al-Ahly

Two goals in the final 20 minutes in Jeddah by Jhon Arias, from the penalty spot, and then John Kennedy...
  • Al Ahly were left to rue a number of missed chances as the African champions failed to find a way past 43-year-old Fluminense goalkeeper Fabio
  • Al Ahly had dumped out a star-studded Al-Ittihad featuring Karim Benzema, N'Golo Kante and Fabinho on their home patch in the previous round

Qatar Airways and Asian Football Confederation sign partnership deal

Doha, Qatar--Qatar Airways Group and the Asian Football Confederation (AFC) have signed a global partnership set to transform the fan...
  • The airline said that the partnership will run from 2023 to 2029 in time for the AFC Asian Cup Qatar 2023, which kicks off next year in January
  • Qatar Airways CEO said that the agreements marks a shared commitment to linking up people across borders and promoting competitive sportsmanship.

Inter Miami to play two ‘friendlies’ in Saudi Arabia next year

Miami, United States--Inter Miami on Monday confirmed details of two upcoming friendlies in Saudi Arabia next year which will include a...
  • Inter Miami would take on Saudi powerhouses Al Hilal at the Kingdom Arena in Riyadh on January 29
  • On February 1, they will face Al Nassr, giving Messi the chance to lock horns once again with Ronaldo