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Tag: Saudi Arabia

  • Lionel Messi switch to Saudi Arabia: ‘Would whole jump made by means of Cristiano Ronaldo’, says Prez of Saudi Arabian FA

    Lionel Messi’s switch saga this summer time has taken any other flip after Saudi Arabia FA President Yasser Al-Misehal showed their hobby in bringing the Argentine celebrity to the center east.

    In step with a file on objective.com Saudi FA president spoke to SSC Information and mentioned, “I don’t have any information to be fair. There’s certainly that in my opinion, I want to see Messi within the Saudi Arabian league. It will whole the good jump that was once made by means of Cristiano.”

    If Messi does make a transfer to Saudi Arabia, then it’s going to be a very powerful second in soccer’s historical past.

    He’ll apply Ronaldo’s footsteps, and will likely be a significant addition to the Heart East, thus converting the area’s soccer panorama.

    The transfer may just additionally spice up the rising monetary energy of Saudi Arabia, which has been making an investment closely in soccer lately, and is now one of the crucial richest leagues on this planet.

    Messi’s doable arrival may just additionally draw in different most sensible avid gamers to the Saudi Skilled League.

    In the meantime, Messi was once featured in Paris Saint-Germain’s (PSG) promotional video for his or her 2023-24 equipment. This fuelled speculations that he may stay on the French membership for any other season.

    ??️?

    Presenting our new 23/24 season ???? ?????? @nikefootball ??

    A blouse that honours the design of a vintage Parisian equipment and embodies the original spirit of the French capital ✨#???????????? percent.twitter.com/nQURugA94J

    — Paris Saint-Germain (@PSG_English) Would possibly 31, 2023

    Apparently, Brazilian big name Neymar additionally seems along Messi.

  • Shares making the largest strikes noon: Abercrombie & Fitch, Palo Alto Networks, Moderna and extra

    Consumers go out an Abercrombie & Fitch retailer in San Francisco.

    David Paul Morris | Bloomberg | Getty Pictures

    Take a look at the corporations making headlines in noon buying and selling.

    Citigroup — Citigroup stocks fell just about 3%. The financial institution introduced plans to spin off its Mexico industry Banamex via an preliminary public providing after its efforts to discover a purchaser for the unit failed.

    comparable making an investment information

    Palo Alto Networks — The cybersecurity corporate noticed its stocks bounce just about 8%. The motion got here an afternoon after Palo Alto Networks posted a better-than-expected quarterly record and robust income steerage. The corporate reported adjusted income of $1.10 in step with percentage and income of $1.72 billion. Analysts polled via Refinitiv had estimated income of 93 cents in step with percentage and $1.71 billion in income.

    Netflix — Stocks rose 1.2%. On Tuesday, the corporate began notifying shoppers of its password-sharing laws within the U.S. Oppenheimer mentioned the crackdown on account sharing must lend a hand the inventory.

    Analog Units — Analog Units dropped 8% in noon buying and selling. The semiconductor production company gave weaker-than-expected steerage for the fiscal 0.33 quarter, in spite of beating expectancies at the best and backside traces in its 2nd quarter. Analog Units expects adjusted income of about $2.52 in step with percentage within the 0.33 quarter, in comparison to analysts’ forecasts of $2.65 in step with percentage, consistent with FactSet. The corporate expects income of about $3.10 billion, not up to the $3.16 billion estimate.

    Tesla — Stocks of Elon Musk’s electrical automobile maker dipped about 2% noon. Disappointing quarterly effects from Chinese language rival Xpeng despatched EV shares decrease. Xpeng ignored estimates on income and posted a much wider loss than analysts anticipated, in step with Refinitiv. The corporate additionally forecast a decline in automobile deliveries.

    Power shares — Stocks of oil corporations rose Wednesday. The transfer got here an afternoon after Saudi Arabia’s power minister indicated attainable OPEC+ output discounts. The Power Make a selection Sector SPDR Fund (XLE) was once up 0.3%. Marathon Oil and APA each won kind of 1%.

    Semiconductor shares — Semiconductor stocks declined Wednesday. A spokesperson for China’s Ministry of Trade spoke out towards Japan’s chip export restrictions to China an afternoon previous. Stocks of Microchip Era have been down 6%. NXP Semiconductors fell 4%, whilst On Semiconductor shed 3%. Nvidia additionally declined 2% forward of its income announcement after the bell. 

    Moderna — The biotech corporate’s stocks fell greater than 4%. The drop marks a pointy reversal for the inventory, which has popped in contemporary days amid information of the brand new XBB variant wave of Covid instances in China. Beijing officers reportedly estimate this may lead to 65 million new weekly instances via the top of June.

    Abercrombie & Fitch — Stocks of the attire store soared 26% after the corporate reported fiscal first-quarter income and income that beat analysts’ estimates, consistent with Refinitiv. The attire store additionally issued robust steerage for the fiscal 2nd quarter and entire 12 months.

    City Clothes shops — Stocks of the retail corporate spiked about 16%. On Tuesday, City Clothes shops issued a fiscal first-quarter record that beat expectancies at the best and backside traces. The corporate generated 56 cents in income in step with percentage on $1.11 billion of income. Analysts surveyed via Refinitiv had penciled in 35 cents of income in step with percentage on $1.09 billion of income. Barclays upgraded the inventory to obese from equivalent weight after the income record.

    Accolade — Stocks jumped just about 7% following an improve to shop for from impartial from Financial institution of The united states. The company mentioned the well being advantages help corporate has a “secure expansion engine.”

    Stem — Stem stocks climbed 5%. Evercore ISI initiated protection of the inventory with an outperform score, announcing the power garage corporate is a pace-setter in a swiftly rising marketplace given the upward thrust in blank power applied sciences. The company mentioned in a Tuesday observe Stem is “well-positioned to seize an important marketplace percentage,” and is a “expansion tale.”

    Corning — Stocks won 2% an afternoon after Corning introduced it might hike costs for its show glass merchandise 20%. The corporate mentioned the cost adjustment is meant to offset ongoing top power and subject matter prices. Corning mentioned it expects call for to develop in the second one part of 2023. 

    Kohl’s — The retail massive were given a 5% elevate in its stocks after it reported an surprising first-quarter benefit Wednesday and reaffirmed its full-year outlook. The corporate mentioned its shops have progressed productiveness and famous sustained momentum at Sephora at Kohl’s.

    Agilent Applied sciences — Stocks of the laboratory generation corporate declined nearly 8%. On Tuesday, Agilent posted steerage for income and income within the fiscal 0.33 quarter was once not up to expected, consistent with Refinitiv. On the other hand, the corporate posted beats at the best and backside traces for the former quarter.

    Intuit — The tax device corporate’s stocks declined 7% an afternoon after Intuit issued quarterly effects. Whilst Intuit’s fiscal third-quarter income got here above analysts’ estimates, the corporate reported a income omit, consistent with Refinitiv knowledge. The corporate’s income outlook for the present quarter additionally ignored analysts’ expectancies. 

    — CNBC’s Samantha Subin, Alex Harring, Yun Li, Brian Evans, Jesse Pound and Tanaya Macheel contributed reporting.

  • Lionel Messi suspended for 2 weeks with out pay by way of PSG after unauthorised go back and forth to Saudi Arabia

    The traces between Paris Saint Germain and Lionel Messi proceed to take the headlines. Consistent with RMC Game, the Ligue 1 membership have suspended their Global Cup successful ahead for 2 weeks with out pay for his fresh go back and forth to Saudi Arabia which got here with out the membership’s authorisation.

    The Argentine is due to this fact set to pass over PSG’s subsequent two video games in opposition to Troyes and Ajaccio in Ligue 1.

    Messi, who moved from Barcelona to Paris in the summertime of 2021, has been connected to a transfer again to the Catalan membership. A transfer that has been publicly mentioned and thought to be by way of the hierarchies on the Nou Camp together with membership supervisor Xavi, who performed massive a part of his membership soccer along the Argentine.

    The connection between the Parisian lovers and Messi has taken a blow following the 2022 Global Cup ultimate that noticed Messi and Co finish a 36-year wait to win the rustic’s 3rd Global Cup in opposition to France within the ultimate.

    PSG, who recently lead within the Ligue 1 desk with 75 issues in 33 video games, were knocked out of the French Cup in addition to the Champions League.

  • Oil costs surge 8% after OPEC’s wonder output cuts; analysts warn of $100 in line with barrel

    Oil garage tanks stand on the RN-Tuapsinsky refinery, operated by way of Rosneft Oil Co., at evening in Tuapse, Russia.

    Andrey Rudakov | Bloomberg | Getty Pictures

    Oil costs surged up to 8% on the open after OPEC+ introduced it used to be slashing output by way of 1.16 million barrels in line with day.

    Brent crude futures ultimate jumped 5.07% to $83.95 a barrel on that information, and U.S. West Texas Intermediate crude futures soared 5.17% to $79.59 a barrel.

    The voluntary cuts will get started from Would possibly to finish 2023, Saudi Arabia introduced, pronouncing it used to be a “precautionary measure” focused towards stabilizing the oil marketplace.

    The transfer comes at the again of Russia’s determination to trim oil manufacturing by way of 500,000 barrels in line with day till the top of 2023, in keeping with the rustic’s Deputy Top Minister Alexander Novak.

    Different member states have additionally pledged respective cuts, with OPEC Kingpin Saudi Arabia lowering 500,000 barrels in line with day and UAE slicing 144,000 barrels in line with day, among different cutbacks from Kuwait, Oman, Iraq, Algeria and Kazakhstan.

    “OPEC+’s plan for an additional manufacturing reduce might push oil costs towards the $100 mark once more, making an allowance for China’s reopening and Russia’s output cuts as a retaliation transfer towards western sanctions,” CMC Markets’ analyst Tina Teng instructed CNBC.

    The brand of the OPEC is pictured on the OPEC headquarters on October 4, 2022. In October ultimate yr, the oil cartel introduced its determination to chop output by way of two million barrels in line with day.

    Joe Klamar | Afp | Getty Pictures

    Teng famous, alternatively, that the reduce may additionally opposite the decline in inflation, which might “complicate central banks’ price selections.”

    In October ultimate yr, the oil cartel introduced its determination to chop output by way of two million barrels in line with day. The White Area mentioned at the moment that President Joe Biden used to be “disenchanted by way of the shortsighted determination by way of OPEC+” to chop manufacturing quotas whilst the sector used to be nonetheless grappling with the conflict in Ukraine.

    “Then again, not like [the cut in October], the momentum for world oil call for is up, no longer down with a robust China restoration,” Goldman Sachs mentioned in a observe.

    That might nudge up Goldman’s Brent forecasts by way of $5 in line with barrel to $95 in line with barrel for December 2023, the funding financial institution mentioned in a observe after the wonder determination in a single day.

    Learn extra about power from CNBC Professional

    Analysts led by way of Daan Struyven from Goldman Sachs mentioned the wonder reduce is “constant” with OPEC+’s doctrine to behave preemptively.

    In March, oil costs tumbled to its lowest since December 2021, as investors feared the banking rout may dent world financial expansion.

    The oil cartel and its allies need to steer clear of a repeat of the 2008 crash, one analyst mentioned.

    “They are taking a look into the second one part of this yr and deciding they do not wish to relive 2008,” mentioned Bob McNally, president of Rapidan Power Team, bringing up oil costs crashing from $140 to $35 in six months in that yr.

    McNally added that whilst it isn’t his base case, oil costs may “make a touch for $100 … if Chinese language call for is going again to 16 million barrels an afternoon 2nd part of this yr [and] if Russian provide begins to move off as a result of sanctions and so on.”

  • Oil costs flip certain after falling by means of $2 a barrel on a document UAE is thinking about leaving OPEC

    The brand of the OPEC is pictured on the OPEC headquarters on October 4, 2022.

    Joe Klamar | Afp | Getty Pictures

    DUBAI, United Arab Emirates — Global oil benchmark Brent crude dropped up to 2.8% on Friday morning in New York at the again of a document that the United Arab Emirates is internally discussing leaving OPEC, the robust 13-member oil manufacturer alliance.

    Brent later recouped its losses and grew to become certain, buying and selling at $85.23 according to barrel at 11:30 a.m. ET, up 0.57% on the day past.

    Amid a progressively rising rift between longtime shut allies Saudi Arabia and the UAE, the latter is now debating taking flight from OPEC, the Wall Boulevard Magazine reported, bringing up unnamed Emirati officers.

    The UAE’s power ministry didn’t in an instant reply to CNBC’s request for remark.

    This could have a vital affect at the oil manufacturer team’s world clout, in addition to permit the UAE to pursue its personal oil manufacturing plans that swimsuit its pursuits. Abu Dhabi has for a while sought after to extend its crude output to spice up its income however has been restricted by means of OPEC+ manufacturing agreements ruled by means of the crowd’s kingpin and biggest manufacturer, Saudi Arabia.

    Crown Prince of the UAE Mohammed bin Zayed Al Nahyan (L) meets with Crown Prince of Saudi Arabia Mohammed bin Salman in Riyadh in July 2021.

    Royal Court docket of Saudi Arabia | Anadolu Company | Getty Pictures

    The speculation is not new; the UAE has reportedly debated leaving the oil alliance for years. However the subject has been revived lately as disagreements with Riyadh grew, the Magazine cited Emirati officers as announcing. The ruptures have manifested themselves in each international locations’ divergent targets within the now eight-year-long struggle in Yemen, in competing for overseas funding, and extra lately in state visits — or lack thereof — that experience gave the impression as snubs.

    A dispute over oil manufacturing ranges in July of 2021 briefly iced over OPEC’s skill to put out its plans for the markets, sending crude costs upward. 

    Abu Dhabi had demanded that its personal “baseline” for crude manufacturing — the utmost quantity it is known by means of OPEC as with the ability to produce — be raised as a result of this determine then determines the scale of manufacturing cuts and quotas it will have to practice as according to the crowd’s output agreements. Participants lower the similar proportion from their baseline, so having a better baseline would permit the UAE a better manufacturing quota.

    The UAE to start with referred to as for its baseline to be raised from 3.2 million barrels an afternoon to three.8 million barrels an afternoon. The compromise ultimately reached between Saudi Arabia and its smaller neighbor raised the UAE’s baseline to three.65 million barrels according to day from April 2022.

    Whilst the Saudi and Emirati power ministers praised every different and the paintings of the crowd of oil manufacturers, the rift gave the impression to be an indication of items to return as financial and geopolitical festival between the 2 build up.

    And a possible UAE departure from OPEC would rattle the crowd, particularly because it comes inside of some 4 years of 2 prior departures: Qatar in 2019 and Ecuador in 2020.

  • Saudi stadium that hosted Lionel Messi vs Cristiano Ronaldo to degree Santosh Trophy ultimate degree

    Step or misstep, the All India Soccer Federation has made its first main transfer after the announcement of the ‘Imaginative and prescient 2047’ roadmap. A brand new set of officers has taken over and brought a home interstate match to global shores in a bid to rebuild its royalty standing. The King Fahd Global Stadium, house to a conflict between Cristiano Ronaldo and Lionel Messi simply over a month in the past, will see two semi-finals, a third-place fit and the identify conflict between 4 Indian state groups as the overall leg of the Santosh Trophy is held in Riyadh.

    Gamers from Products and services and Punjab flew from Delhi to Mumbai after which took a flight to Riyadh to be welcomed through a ‘Iciness in Saudi’ placard on the airport on an afternoon when the temperature used to be touching 30C. For many, the revel in of taking part in outdoor India used to be a primary. For some, the match’s goal used to be precisely as marketed – an opportunity to get again to the place they believed they deserved to be.

    When Chennai Town FC received the I-League within the 2018/19 season, Karthik Govind Swamy believed he used to be now established sufficient to kick on as a footballer and possibly play within the Indian Tremendous League. Now at 28, Swamy plies his industry for Carrying Membership, Bengaluru within the Karnataka state league however hopes for the powers that be to observe him in motion in Riyadh.

    #HeroSantoshTrophy

    We’re in a position for a historical past making day with our personal prestigious #SantoshTrophy

    We in combination make a distinction.

    Saudi Arabia Soccer Federation has made this additional particular. Our partnership will create many such firsts in Asian Soccer. %.twitter.com/mNP6bxtmtF

    — Shaji Prabhakaran (@Shaji4Football) February 28, 2023

    “The Santosh Trophy’s significance is that it offers us the chance to get again to the I-League and ISL. The primary factor is to get a role and the Santosh trophy permits us the danger to possibly get one,” Swamy stated after a press convention. The contest is frequented through a mix of college avid gamers and older footballers who’ve drifted during the gadget.

    The trouble to rebrand the match through webhosting it in Saudi Arabia is in accordance with publicity – a phrase that has been used ceaselessly when questions have arisen on why the match, that noticed 26,000 fanatics in Malappuram flip as much as watch Kerala tackle Bengal simply remaining yr, is being held outdoor India. It’s argued that there are proficient avid gamers who get left at the back of since the alternatives to exhibit their talent now not exist.

    The autumn of state soccer

    It could no longer be unfair to mention that the Santosh Trophy has been an enemy to club-based leagues in India. Groups who’ve signed avid gamers with cash hardly ever like the speculation of looking at them prove for his or her states and in all probability get injured. The upward thrust of membership soccer actively introduced the significance of the Santosh Trophy plummeting down. Then when the Indian Tremendous League and I-League avid gamers have been barred from taking part in within the match, the target of offering extra video games to India’s best possible were given misplaced.

    All ? at the ?#HeroSantoshTrophy ? #RoadToRiyadh ?? #IndianFootball ⚽ %.twitter.com/UYrIa8psMv

    — Indian Soccer Crew (@IndianFootball) February 28, 2023

    Via webhosting the semi-finals and ultimate of the match in Riyadh, the AIFF believes it could carry the worth in their pageant, permit state associations to paintings more difficult to scout for a greater crop of avid gamers and display that there’s a high quality footballer or two in the market for the highest golf equipment in India to pick out up.

    “It used to be all the time necessary to win a championship just like the Santosh Trophy. Simply the scoop that fits could be held in Riyadh gave us a spice up all through our qualification fits and larger our focus ranges,” stated Products and services head trainer MG Ramachandran at the impact he noticed on his avid gamers as quickly because it used to be introduced that the match finale could be held in Saudi Arabia.

    Questions stay

    In spite of the outside intentions of webhosting the trophy outdoor India, doubts linger. There are not any tangible indicators {that a} state participant is also excellent sufficient to play on the degree of the highest league in India or its 2d department. And although that’s the case, the incentive to support their lives and constantly play higher soccer must come irrespective of the geographical location of the place they play.

    Riyadh all set for #HeroSantoshTrophy ?#RoadToRiyadh ?? #IndianFootball ⚽

    — Indian Soccer Crew (@IndianFootball) February 28, 2023

    Just lately, the AIFF subsidized out of a bid for the 2027 Asian Cup mentioning the price of protecting a match of that magnitude. The verdict used to be in accordance with sound common sense as India has best just lately reached a degree in their building the place they’re beginning to qualify often for Asia’s largest global match. The following 4 days will exhibit 4 video games of the Santosh Trophy on international soil. And as has been the case with many AIFF selections in recent years, the real result of this experiment will best display a lot later.

    (The creator is in Riyadh at the invitation of AIFF)

  • Uber-backed journey hailing app Careem is halting its operations in Qatar

    The Careem ride-hailing app on a telephone outdoor the Mall of the Emirates in Dubai, United Arab Emirate.

    Christopher Pike | Bloomberg | Getty Photographs

    Uber-backed journey hailing carrier Careem introduced on Tuesday an finish to its operations in Qatar.

    The marvel announcement, which went into impact straight away on Feb. 28, comes simply months after the rustic become the primary Heart Jap country to host the Global Cup. Careem performed a key function in Qatar’s 2022 Global Cup, increasing its fleet within the nation via 50% in November, whilst rising in neighboring Saudi Arabia and the UAE.

    Careem additionally for the primary time presented inter-country round-trip rides from Saudi Arabia and the UAE to Qatar for the football event, which allowed consumers to shuttle to fits via automotive around the Gulf. 

    Uber, which purchased Heart East rival Careem in 2019 for $3.1 billion, instructed CNBC it’s going to be working “industry as standard” in Qatar following lately’s announcement. Whilst Uber Applied sciences has complete possession of subsidiary Careem, the 2 firms function independently. Careem’s center of attention on its “Tremendous App” differentiates it from the American ride-hailing large, which is serious about mobility.

    In spite of Uber’s 2019 acquisition of Careem, the ride-hailing app’s industry in Qatar isn’t owned via Uber, which was once matter after the deal to native acquisition regulations.

    “Uber sought regulatory clearance from sure native pageant government (together with in Qatar) to procure Careem in 2019. Whilst regulatory approvals in different nations have been bought, sadly, this didn’t occur in Qatar,” Uber instructed CNBC.

    Careem instructed CNBC it “will not supply journey hailing services and products within the nation as of 28 February 2023.” It added that “Careem is proud to have served consumers and captains in Qatar and to have contributed to the expansion of the Qatari economic system.” Captains are the drivers employed via Careem.

    Qatar’s capital town Doha was once the primary marketplace Careem expanded into in 2013, after its get started within the United Arab Emirates. 

    Dubai-based Careem, which in different markets around the area provides its “Tremendous App,” to begin with ran a ride-only platform in Qatar, however introduced meals supply in Qatar ultimate February. The “Tremendous App,” which is utilized by consumers in neighboring UAE and Saudi Arabia, provides meals supply, groceries, cleansing services and products and motorcycle leases in addition to digital bills.

    Careem operates in over 80 towns and 10 nations, consistent with its web site. Established in 2012 in Dubai via co-founder and CEO Mudassir Sheikha, the corporate grew from a Dubai-based journey sharing corporate to a “Tremendous App” platform, used around the Heart East from Morocco to Pakistan. For plenty of ladies within the Heart East, the corporate was once performed a game-changing function; Careem driven to rent feminine “captains” in Saudi Arabia when it become felony for ladies to pressure in 2018.

    CNBC has reached out to the Qatari Executive for touch upon Careem’s announcement.

  • Lucid’s income falls wanting estimates because it guides to better EV manufacturing in 2023

    Electrical automobile start-up Lucid on Sept. 28, 2021 mentioned manufacturing of its first automobiles for patrons has began at its manufacturing facility in in Casa Grande, Arizona.

    Lucid

    Electrical automobile maker Lucid on Wednesday reported fourth-quarter income that fell wanting expectancies after construction simply 7,000 of its Air luxurious sedans closing yr amid production demanding situations. However the corporate mentioned it expects to make between 10,000 and 14,000 cars in 2023.

    Stocks of the corporate fell more or less 7% in afterhours buying and selling.

    Here is what the corporate reported for the fourth quarter of 2022:

    Loss consistent with percentage: 28 centsRevenue: $257.7 million, vs. $303 million, in keeping with Refinitiv consensus estimates

    Lucid’s quarterly income marks a pointy build up from the similar duration closing yr, when it had simply begun manufacturing of the Air sedan and taken in $26.4 million. The corporate’s base line likewise advanced, coming in narrower than the 64-cent loss consistent with percentage it posted within the year-ago duration.

    The corporate ended the yr with about $4.4 billion in money and more or less $500 million to be had by way of traces of credit score, sufficient to closing till the primary quarter of 2024, leader monetary officer Sherry Space informed CNBC. Lucid had $3.85 billion in money as Sep. 30; it raised an extra $1.5 billion from Saudi Arabia’s Public Funding Fund and different traders by way of an fairness providing in December. The Saudi public wealth fund owns about 62% of Lucid.

    Lucid mentioned in January that it produced 7,180 cars in 2022, neatly under its unique expectation of 20,000 for the yr however sufficient to overcome the diminished steerage it equipped in August. But it surely delivered simply 4,369 of the ones Air sedans to shoppers prior to year-end.

    “Our objective in 2023 is to magnify our gross sales and advertising and marketing efforts to get this wonderful product into the palms of much more shoppers all over the world,” CEO Peter Rawlinson mentioned.

    Lucid mentioned it had greater than 28,000 reservations for its cars as of Feb. 21, down from “over 34,000” reservations in its closing replace on Nov. 7.

    The corporate mentioned in April that Saudi Arabia’s executive had agreed to shop for as much as 100,000 of its cars over the following 10 years. The ones cars are not integrated in its reservation totals.

  • Congratulations Spouse: Cristiano Ronaldo needs Al Nassr teammate Talisca on birthday

    Portuguese celebrity Cristiano Ronaldo has been a radical skilled and teammate since he arrived from Manchester United to Saudi Arabia’s Al Nassr. On Thursday, he took to Twitter and Instagram to pray teammate Anderson Talisca a contented birthday.

    Within the put up captioned, “Parabéns parceiro!??? @talisca_aa” (Congratulations spouse),” Talisca, who grew to become 29 on Thursday, was once noticed along the overall Al Nassr squad posing with a birthday cake.

    Talisca has been on sizzling shape since Ronaldo arrived in Al Nassr, scoring in each video games by which the 37-year-old performed however failed to search out the web. The 2 fits have been a 1-0 win towards Etifaq within the Saudi Premier League and a 3-1 Saudi Tremendous Cup loss to Al Ittihad.

    Following the to Al Ittihad loss, Ronaldo has been dealing with flaks for his non-performance up to now. In but any other viral video on social media, an alleged Al Nassr director is claimed to have expressed his frustration in regards to the consequence.

    “Get out of right here. I spent 200 million euros and he [Ronaldo] handiest is aware of methods to cross ‘Siuuuu’. It’s no longer imaginable, ” the person, who is claimed to be the Al Nassr director, will also be noticed as pronouncing.

    Movies of a few enthusiasts trampling on Ronaldo’s No.7 blouse outdoor the King Fahd Global Stadium have additionally gave the impression on social media. The viral video has ended in tips that some Al Nassr enthusiasts are already rising impatient.

    In the meantime, Ronaldo’s supervisor Rudi Garcia had stated that the 37-year-old will go back to Eu soccer. “Cristiano Ronaldo is a favorable addition, as he is helping to disperse defenders. He is among the perfect gamers on the planet. He’s going to no longer end his profession at Al-Nassr, he’ll go back to Europe,” Garcia had stated in a presser.

  • EV maker Lucid closes $1.5 billion elevate from the Saudi public wealth fund and different buyers

    Lucid Motors CEO Peter Rawlinson claps after ringing the hole bell on the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) starts buying and selling at the Nasdaq inventory change after finishing its trade mixture with Churchill Capital Corp IV in New York Town, July 26, 2021.

    Andrew Kelly | Reuters

    Electrical automobile maker Lucid Workforce mentioned Monday that it has finished a deliberate $1.5 billion fairness providing. The corporate first introduced the providing in November, when it reported its third-quarter effects.

    Lucid raised nearly all of that money, about $915 million, by the use of a non-public sale of just about 86 million stocks to an associate of its biggest investor, Saudi Arabia’s Public Funding Fund. The remainder $600 million used to be raised by the use of a conventional secondary inventory providing, during which Lucid offered an extra 56 million stocks.

    The investment spherical used to be structured to stay the Saudi public wealth fund’s stake in Lucid at its earlier stage, about 62%.

    Lucid plans to make use of the proceeds to “additional improve its stability sheet and liquidity place,” the corporate mentioned in a commentary.

    Lucid had about $3.85 billion in money as of September 30, its most up-to-date file.