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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.

AlUla to host first-ever Mideast Tough Mudder Infinity Challenge in February

AlUla, Saudi Arabia – The world's most popular obstacle-course racing challenge, Tough Mudder, announced the launch of a Tough Mudder...
  • During the eight-hour race, participants must accomplish the largest number of laps around the Tough Mudder obstacle course.
  • In conjunction with the Tough Mudder Infinity competition, 5km and 10km Tough Mudder competition will be held

Mubadala Abu Dhabi Open set to return to UAE in Feb 2024

Abu Dhabi, UAE - Following the resounding success of its inaugural edition in February 2023, the Mubadala Abu Dhabi Open...
  • Hosted by the Women's Tennis Association in partnership with Mubadala, the tournament will take place from 3 to 11 February 2024
  • The Mubadala Abu Dhabi Open has swiftly ascended to a prominent position in women's tennis, thanks to its substantial $900,000 prize fund

Morocco, Algeria set to host Cup of Nations tournaments

After a number of deadlines passed without the hosts being revealed, a senior African Football Confederation (CAF) official told AFP...
  • North African neighbors Morocco and Algeria are seeking to stage the 2025 edition of the premier African sport event
  • The Ivory Coast will stage the 2023/2024 Cup of Nations, which has been postponed to January and February next year

ESports debuts as Asian Games medal event but women left behind

Excited video-game fans thronged a shiny new arena in the Chinese city on Sunday as eSports made its debut at the...
  • Only two women, Sabina Ibragimova of Uzbekistan and Nguyen Thi Phuong Yen of Vietnam, were scheduled to play during the dozens of officially mixed-gender games on Sunday.
  • Organizers have increasingly answered the call for women-only events in recent years, including the International Esports Federation Female Asian Championship in Saudi Arabia.

Chinese President Xi Jinping declares biggest-ever Asian Games open

Chinese President Xi Jinping opened the 19th Asian Games in a colourful ceremony in Hangzhou, launching a two-week sporting extravaganza...
  • In front of Syrian President Bashar al-Assad and other visiting leaders, Xi officially opened the Games at the 80,000-capacity Hangzhou Olympic stadium.
  • The theme of the ceremony was water and it also celebrated Hangzhou's ancient history and landscape.

Afghan wushu fighters defy money woes to pursue Asian Games glory

Afghanistan will compete in 15 sports in Hangzhou, the country's first Asian Games since the Taliban seized power in 2021....
  • The team say the Taliban authorities support sport, but there is no government financial backing for athletes
  • Afghanistan will compete in 15 sports in Hangzhou, the country's first Asian Games since the Taliban seized power

Sports shift economic goalposts for Middle East

In a bid to diversify their economies, Middle Eastern nations are turning to the sports industry, marked by significant investments...
  • In a bid to diversify their economies, Middle Eastern nations are turning to the sports industry, marked by significant investments in global tournaments and infrastructure
  • Danube Group Managing Director Adel Sajan highlights Dubai's innovative spirit and the role of entities like Danube Sports World in shaping the region's sports future

Ronaldo helps Al Nassr to historic Asia Cup win in Iran

Ronaldo played a key role in Nassr's opener just after the hour, the Portuguese instigating the move that led to Abdulrahman...
  • The five-time Ballon d’Or winner, who has five UEFA Champions League titles to his name, captained the Saudi Arabian side to an opening three points in Group E
  • The match at the Azadi Stadium in Tehran was played without fans after the Asian Football Confederation upheld a one-game ban for Persepolis supporters dating back to 2021

New UAE sports law aims for unified governance

Abu Dhabi, UAE - The new UAE sports aims to establish a unified governance framework for all sports organizations and...
  • The law allows sports federations to enter into partnerships with institutions, both national and foreign
  • It also focuses on identifying and nurturing sporting talents in schools and clubs through national plans in collaboration with relevant authorities

Neymar and Al Hilal suffer scare in Asian Champions League

Runners-up in last year’s Champions League, Hilal were fortunate not to lose their Group B opener having gone behind on...
  • Neymar was making his first start for the record Asian champions having debuted on Friday as a substitute in the Saudi Pro League victory at home to Al Riyadh
  • The forward was subjected to some particularly robust treatment from Navbahor, and was incensed just before the hour when he was trod on after being dragged to the ground

Saudi Arabia’s sports fund invests in DAZN streaming service

Paris, France - Saudi Arabian sports investment fund SURJ, linked to the kingdom's sovereign wealth fund, has acquired a minority stake...

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Paris Olympics’ organizers worry heatwave can spell trouble for games

A new study presenting "climate simulations to anticipate worst-case heatwaves during the Paris 2024 Olympics" has focused minds after it...

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 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...

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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...
  • The Italian did not stick around to see South Korea's Hwang Hee-chan eliminate his Saudi side in the last 16 in Doha with the decisive spot-kick
  • Roberto Mancini, 59, apologized afterwards for walking down the tunnel before their fate was sealed, saying: "I thought it was finished."

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...
  • Three-time champions Iran face Syria in Qatar with a quarter-final against Bahrain or pre-tournament favorites Japan up for grabs
  • Along with holders Qatar, Iran are the only team left in the competition who went through the group stage with a 100 percent record

Skipper Battat leads Palestine on and off pitch at Asian Cup

Doha, Qatar - Musab Al-Battat has led Palestine on the pitch with his all-action performances and off it as the voice...
  • The 30-year-old captain will be the man his team look to once again for inspiration when Palestine face hosts and reigning champions Qatar in a daunting last-16 tie.
  • The side ranked 99 in the world have progressed into the next round despite a deeply troubled build-up overshadowed by the Israel-Hamas war