Business of Sport Sobha Realty strikes sponsorship deal with Arsenal By Gavin Gibbon February 2, 2024, 12:30 PM Reuters Arsenal's Declan Rice in action. Dubai real estate developer Sobha Realty has secured the naming rights for Arsenal's training ground Dubai real estate developer Sobha Realty has secured the naming rights for the training ground of English Premier League football club Arsenal. Arsenal’s facility in Hertfordshire will be known as the Sobha Realty Training Centre. It is the first time the naming rights have been sold. The deal is part of Sobha’s plan to expand into the UK and US. Sobha Realty will become a principal partner of the club and the official training kit sleeve partner for the men’s and women’s teams. Saudi’s PIF ‘in talks’ to invest in British rugby ADQ signs sponsorship pact with Egyptian football club Dubai World Cup is jewel in the UAE’s $2.4bn sports sector Francis Alfred, managing director of Sobha Realty, said the deal supported “efforts to establish a stronger presence in international markets”. It follows an agreement in September last year where Sobha Realty secured naming rights to The WM Club – a hospitality suite at Arsenal’s Emirates Stadium. Arsenal’s main sponsor is Dubai-based Emirates Airline. Last month, Qatar Airways launched a new premium members club at London’s O2 arena. The club, called The NinetyThird, includes several bars, fine dining and a retractable walkway which extends out over the main arena space, with annual membership priced at $20,000.
Media & Advertising KHC would consider TikTok stake if Musk bought in Saudi Arabian Prince Alwaleed Bin Talal’s investment company Kingdom Holding (KHC) would be interested in investing in ByteDance’s TikTok if Elon Musk or others offered to buy it, CEO Talal Ibrahim al-Maiman told Al Arabiya TV on Wednesday. The search to find a buyer for the Chinese-owned popular short video app continues after it went dark and […] 4 hours ago
Construction RAK Properties sets vision for Ras Al Khaimah development RAK Properties is planning to launch one project a month for the next year, as Ras Al Khaimah aims to build 40,000 new homes in order to cater to demand, CEO Sameh Muhtadi told AGBI. “Our target of launches is about AED5 billion in 2025,” Muhtadi said. He added that most projects would be located […] 4 hours ago
Oil & Gas Trump’s oil policy ‘problematic’ for Gulf producers, economists warn Gulf oil producers should be worried about President Donald Trump‘s energy policy, economists have warned, as it could widen their budget deficits. Oil prices have already dipped in response to Trump’s pledge on Monday to boost US hydrocarbon production and they could plunge far below the breakeven prices adopted by Gulf governments in their annual […] 4 hours ago
Banking & Finance Saudi bank profits to ride out home liquidity squeeze Saudi banks are “poised for stable profitability” in 2025 despite their continued dependence on international capital markets, say analysts. External debt is likely to build up in the coming years because of high borrowing demand in the kingdom, which the ratings agency S&P Global expects to increase by 10 percent this year, driven by corporate […] 4 hours ago