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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.
  • Saudi Arabia to host Italian Super Cup in December

    Rome, Italy -- Next season's Italian Super Cup will be played for the fourth time in Saudi Arabia but in December instead of January, the president of the Italian League announced on Tuesday. "The dates for the Super Cup are December 18 and 19 for the semi-finals, and the 22...
  • Turkey set to realize long-term goal with bid to host Euro 2032

    Turkey missed out to Germany for Euro 2024, with UEFA's evaluation of the bid highlighting concerns about the country's "lack of an action plan in the area of human rights". After four failed attempts, and having joined forces with Italy, the lack of any rival contenders means Turkey is now...
  • Saudi league’s transfer window can affect Europe’s clubs, says Liverpool

    Singapore, Singapore - Liverpool manager Jurgen Klopp on Tuesday urged football authorities to address the late closure of the transfer window in the Saudi Arabia league, fearing it may have a detrimental effect on European clubs.Speaking in Singapore on the eve of his team’s pre-season friendly against German champions Bayern Munich,...
  • Turkey, Italy seek joint hosting of Euro cup 2032, says UEFA

    Paris, France - Italy and Turkey have asked to jointly host the 2032 European Championship, UEFA announced on Friday.European football's governing body said it had "received a request" from the Italian (FIGC) and Turkish (TFF) football federations "to merge their individual bids into one joint bid".In 2021, UEFA initiated a bidding...
  • FIFA to hold 32-team Club World Cup from 2025

    Despite robust opposition from Europe's biggest clubs, FIFA chief Gianni Infantino has announced plans for a 32-team Club World Cup from 2025. An expansion of the competition has long been a pet project of Infantino. In 2021 a 24-team event was planned but was cancelled due to the Covid pandemic.
  • Europe clubs lost €7bn due to Covid-19 pandemic: UEFA

    The latest UEFA study includes the consolidated results of these same 711 clubs for the year 2020, as well as the anticipated financial statements of 95 major teams for the year 2021, particularly marked by games played behind closed doors.
  • Here’s why FIFA wants a biennial World Cup

    A controversial proposal of staging the FIFA World Cup championship every two years rather than the current four-year cycle is on the table again. FIFA's central argument is that a biennial World Cup would create more profits that could be distributed to federations that rely more on its funds.