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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.

Al Hilal ranks among world’s 50 wealthiest clubs

European clubs owned by Arabs continue to dominate the rankings, with Sheikh Mansour bin Zayed-owned Manchester City standing at the...
  • Paris Saint-Germain, owned by Qatar Sports Investments, came in third with a market value of US$1.14 billion
  • Newcastle United, owned by Public Investment Fund, is at 11th spot with a market value of $687.57 million

Educational institutions are shaping UAE’s tomorrow

"Dubai's schools attract students of various nationalities seeking holistic education. These schools emphasize well-rounded education, with a sports culture enhancing...
  • DSC Chairman Sheikh Mansoor emphasizes the role of sports in education for shaping the UAE's future.
  • The vitality and joy imbued in young minds through sports hone innate talents and intellects, he adds.

Esports scores big for Saudi economy, culture & jobs

The Kingdom, with its passion for sports and tech, is set to reshape the competitive gaming landscape by hosting the...
  • The Kingdom, with its passion for sports and tech, is set to reshape the competitive gaming landscape by hosting the world's premier Electronic Sports World Cup from 2024.
  • By 2030, Esports is set to add US$13.3bn to Saudi GDP, with 67% of Saudis into electronic gaming, potentially creating 39,000 jobs, and producing 30 world-class games.

No suspension for Mazraoui over Gaza post, says Bayern Munich

Berlin, Germany - Bayern Munich on Friday said defender Noussair Mazraoui would not be suspended, after a probe into the Moroccan...
  • In the wake of the deadly attack on Israel by Hamas, Mazraoui had put up several pro-Palestinian posts.
  • The club's chief executive Jan-Christian Dreesen said Mazraoui "credibly assured us he rejects terror and war" .

Indonesia backs Saudi Arabia’s 2034 World Cup bid

Last week, Indonesian FA president Erick Thohir had said the country was in talks with Australia for a possible joint 2034...
  • "Indonesia supports Saudi Arabia's bid to host the FIFA World Cup in 2034," Indonesian FA president Erick Thohir said in a statement on Wednesday
  • Thohir said last week that his scrapped joint bid proposal with Australia could also have involved games in New Zealand, Malaysia, and Singapore

Middle East emerges as a global esports powerhouse

The Middle Eastern region, led by Saudi Arabia and the UAE, is swiftly becoming a global esports hub, driven by...
  • The Middle Eastern region, led by Saudi Arabia and the UAE, is swiftly becoming a global esports hub, driven by its vast gamer community and strategic investments
  • The region's esports growth transcends gaming, with stakeholders from elite teams to media firms collaboratively shaping the region's live entertainment future

Women’s squad seeks its share of Saudi football boom

A FIFA+ documentary released last month tracks how the national team has seized on new freedoms, contrasting the hostility its...
  • The Saudi women squad only formed two years ago and entered the FIFA rankings in March, at 171st place
  • The eager Saudi players are standard-bearers for broader changes afoot in Saudi Arabia

Saudi Arabia announces bid to host World Cup in 2034

The bid "intends to deliver a world-class tournament and will draw inspiration from Saudi Arabia's ongoing social and economic transformation...
  • Sport is a major component of Crown Prince Mohammed bin Salman's Vision 2030 reform agenda, which aims to transforms Saudi Arabia into a tourism and business hub.
  • In the coming weeks, the kingdom is set to host the final LIV Golf League tournament of the regular season and a boxing match featuring Anthony Joshua.

Al-Hilal of Saudi Arabia beats Iran’s Nassaji with hat-trick in AFC Champions League

Riyadh, Saudi Arabia - Saudi Arabia's Al-Hilal FC achieved an important victory over its Iranian host, Nasaji Mazandaran, with three...
  • Serbian Aleksandar Mitrovic scored the first goal for Al-Hilal in the 18th minute, and Brazilian star Neymar Jr. netted in the 58th minute
  • With this result, Al-Hilal raised its standing to share the top spot in Group 4 with Uzbekistan's Navbakhor, with four points each

Saudi-Iran club match axed amid row over slain commander’s statue

The Saudi state-affiliated Al-Ekhbariya channel reported on Monday night that Ittihad had left Iran for Saudi Arabia. The dispute comes...
  • An official with Saudi side Al Ittihad said a dispute arose after club administrators objected to a bust of Soleimani, who was killed by a US drone strike in 2020
  • Soleimani commanded the foreign operations arm of the Islamic Revolutionary Guard Corps and remains a revered figure in Iran following his 2020 assassination

81 percent of Saudi population attends cultural events, activities in 2024: GASTAT

Riyadh, Saudi Arabia -- Nearly 81.6 percent of Saudi individuals visited at least one cultural event or activity in 2024, according...

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Booed Israeli swimmer says she felt safe in Qatar

Israeli swimmer Anastasia Gorbenko faced crowd jeering at Qatar's World Acquatics Championships after winning a silver medal in the women's...

Extreme E races for electric SUVs 2024 kick off in Jeddah

Jeddah, Saudi Arabia - Organized by the Saudi Arabian Cycling Federation under the supervision of the Ministry of Sport, the...

Qatar eyes second successive Asian Cup in final against Jordan

Doha, Qatar - An Asian Cup full of late goals and surprises reaches a climax on Saturday when hosts and holders...

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McIlroy has ‘frank discussion’ with Spieth over Saudi comments

SSG includes a number of high-powered sports owners including the Fenway Sports Group, owners of English Premier League club Liverpool,...
  • Jordan Spieth, who took McIlroy's spot on the board in November, raised eyebrows this week with his comments that the merger may no longer be necessary for the PGA Tour
  • Speith's remarks came after the PGA Tour announced a new a partnership and investment deal with the Strategic Sports Group (SSG)

Jordan defeats Tajikistan to reach first Asian Cup semi-final

DOHA, QATAR - Jordan set up a semi-final against South Korea or Australia after ending Tajikistan's fairytale Asian Cup run with...

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...
  • Ronaldo's calf injury prompted Al Nassr to cancel their two-game China tour last week and it denied him what could have been a last match against rival Messi
  • Their most recent meeting came in January 2023 when Ronaldo played in a Saudi select team beaten 5-4 by Messi's PSG