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  • Real’s Vinicius open to one billion euro Saudi offer, sources say

    Real Madrid and Brazil forward Vinicius Jr is open to an offer of more than one billion euros from Saudi Arabia, sources close to the player told Reuters on Monday. Vinicius, 24, was approached by Saudi Public Investment Fund (PIF) officials to inquire about his interest of moving to the Saudi Pro League (SPL) on a five-year contract worth around 200 million euros per season fixed, plus bonuses. The package would also include a separate 10-year contract to become an ambassador for the 2034 World Cup, which is set to be held in the country, but those terms and financial numbers are yet to be discussed.

  • New Museum to Chronicle Saudi Arabian Esports Achievements

    Located in the SEF Arena in Riyadh City Boulevard, the museum houses a unique structure that makes up the world's largest gaming and esports area. It features a variety of sections, including a special department that documents significant moments in the history of Saudi Arabian esports, like the announcement of hosting the World Cup of Esports in the Kingdom, Mosaad Aldossary winning the FIFA eWorld Cup in 2018 and the Saudi Arabian national team winning the 2023 Overwatch World Cup. The museum will also include media interviews conducted by Deputy Prime Minister Prince Mohammed bin Salman with notable figures in the esports industry.

  • Saudi-European Investment Relations Enhance Global Economic Stability

    External financial bonds, including Eurobonds, constitute an important aspect of Saudi investments, experts told Asharq Al-Awsat. This came after the Ministry of Finance denied, on Tuesday, that the Kingdom had threatened to sell Eurobonds, according to a statement attributed to the ministry and reported by Bloomberg. The ministry stressed that Saudi relations with the G7 and other countries were based on mutual respect, pointing to ongoing discussions over matters that promote global growth and the flexibility of the international financial system.

  • European Lithium unveils plans for Saudi Arabia hydroxide plant

    ASX-listed European Lithium has announced a shareholders agreement with Obeikan Group to construct and commission a large-scale hydroxide processing plant in Saudi Arabia to convert spodumene concentrate from the Wolfsberg lithium project, in Australia.

  • Euros form of Saudi-based stars tests perceptions of slide in standard

    France's N'Golo Kante had looked to be winding down his glittering career but his unexpected recall for Euro 2024 and eye-popping performances suggest his quality has not been diminished by his big-bucks move to Saudi Arabia last year. He is among several players in Germany challenging popular perceptions that the new Saudi Pro League is a career-ending option for big players seduced by huge salaries, with Kante dazzling on his return after a two-year absence and winning player of the match in his first two games.

  • The EU and GCC have embarked on a new era of strategic partnership

    The EU has become acutely aware of the absolute urgency of a fresh and coherent approach to reflect, strengthen and lead the growing strategic convergence with the GCC around trade, investment and new technologies; energy security, climate change and green transition; people to people; regional, global security and humanitarian challenges; and a new generation of dedicated institutional engagements.

  • Cristiano Ronaldo, N’Golo Kante, turn Euro 2024 into referendum on Saudi Pro League

    There are 14 players participating in the Euros who ply their club trade in the Saudi Pro League, having been lured by the whopping sums offered as the Middle East nation tries to rapidly build its domestic competition into one of the world's best. Ronaldo is the headliner, just like he always is, and how effectively he and the other members of the Saudi export collective perform over the coming weeks is a de facto referendum that could have a seismic impact on what happens next in global soccer.

  • Embraer sees India, Saudi Arabia, EU, US as strategic defense markets

    Brazilian planemaker Embraer (EMBR3.SA), opens new tab sees India, Saudi Arabia, the European Union and the United States as strategic markets for its defense unit as it looks to expand sales of the C-390 Millennium, the head of Embraer Defense said on Tuesday.
    India has an open tender to buy military planes while Saudi Arabia, looking to replace an aging fleet of Lockheed Martin's C-130 Hercules, is currently in "early engagement" with Embraer, Bosco da Costa Junior told reporters at an event.

  • How star players will make Euro 2024 a hit with Saudi Fans

    With the Saudi Pro League drawing to a close and capping off a season featuring more star names than many would have imagined a few years ago, many could be forgiven for thinking that that’s it for football for a while. But while the 2024 Euros won’t feature the Al-Suqour Al-Khodhur, research from Footballco shows that young fans are just as excited as their European counterparts. Footballco counts global football media brand GOAL, and Kooora, the number one sports platform in the Arab world, among its portfolio and works with brands to reach fans through football.

  • Saudi FM thanks European nations for recognition of Palestinian state

    Saudi Foreign Minister Prince Faisal bin Farhan on Wednesday thanked Ireland, Norway and Spain for recognizing a Palestinian state, saying during a visit to Madrid they were “on the right side of history.” The coordinated diplomatic move Tuesday by the three western European countries, which believe their initiative has strong symbolic impact that could encourage others to follow suit, has been slammed by Israel.