Saudi Arabia’s state oil giant Aramco and world football governing body FIFA on Thursday announced a major sponsorship agreement until the end of 2027. The deal is the latest high-profile investment in global sports for Saudi Arabia who have already been confirmed as the only bid for the 2034 World Cup. In a joint statement … Read more
McLaren has been on increasingly rocky ground in recent years as it struggled to find funding to secure its future. The British supercar maker previously put its headquarters up for sale and turned to the sovereign wealth fund of Bahrain for a cash injection. Now, the Middle Eastern country has taken full ownership of McLaren … Read more
Mohammed Ben Sulayem (right) chatting with Red Bull team principal Christian HornerPhoto: Chris Graythen (Getty Images) FIA President Mohammed Ben Sulayem is under fire for alleged abuses of power as the head of international motorsport’s governing body. A whistleblower within the FIA claims Ben Sulayem told inspectors to fabricate a reason to withhold certification for … Read more
Aramco’s oil facility. (Photo: Reutets) Riyadh: The Kingdom of Saudi Arabia’s oil giant Aramco has discovered an additional 15 trillion standard cubic feet of gas and 2 billion barrels of condensate in the Kingdom’s Jafurah field. In a statement, on Sunday, February 25, the Minister of Energy Prince Abdulaziz bin Salman said that “this achievement was achieved … Read more
