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Saudi market3h ago

Al Hilal posts September revenue under new owner.

September was the first month after Kingdom Holding acquired 70% of Al Hilal’s club company. Asharq Business with Bloomberg reported that the club recorded 173.1 million riyals in revenue that month, and that the acquisition had begun affecting the holding group’s financial results. In a separate report, Al Jazeera put Al Hilal’s September revenue above 41 million euros and its profit at about 8 million euros. Those revenue and profit figures are for the club; the other reported effect is the acquisition showing up in the holding group’s results. It’s an early financial snapshot of both the club and its new majority owner.

2 publishers

Energy and oil1h ago

Erdoğan’s COP31 address spotlights a proposed global electricity goal.

Asharq Al-Awsat reported that Erdoğan’s opening COP31 address featured Türkiye’s proposal to raise electricity’s share of global final energy demand from just over 20% to 35% by 2035. The COP31 presidency’s stated priorities also include halving the growth in global waste generation by 2035. The electricity figure concerns global final energy demand, not Türkiye’s domestic energy mix, and the goal remains a Turkish proposal rather than an adopted global commitment.

1 publisher

Saudi Football2h ago

Six Al-Ahli players are on the injury list.

Al-Ahli has six players on its injury list as it prepares to host Al-Nassr on November 20 in a rescheduled ninth-round match. But an injury list is not a list of confirmed absences: the report says some players may still be unavailable, while the coaching staff waits for medical assessments expected in the coming days. Those assessments will determine whether each player can return to group training before the game. Defender Merih Demiral is among the six, and Al-Ahli is preparing alternatives in case some do not make it.

1 publisher

Global markets3h ago

Adjusted nine-month profit grew about 19% after exclusions

The reported 4.7% increase is not the only comparison in the results. Banque du Caire said adjusted nine-month net profit grew about 19% after excluding three non-recurring items recorded in 2025. They included the benefit of an interest-free subordinated loan repaid in December, along with dividend income and foreign-exchange gains from its former investment in the African Export-Import Bank. The adjusted figure is a separate comparison, not the reported profit increase.

1 publisher

AI1h ago

Nomura analyst sees Anthropic IPO jitters as a possible AI-selloff trigger

Anthropic’s IPO is already planned; Semafor says it is set to price on Nov. 18 and begin trading the next day. The target valuation is up to $1.4 trillion, separate from the $90.4 billion in total targeted fundraising across the public offering and a private placement. The valuation target has come in below initial expectations. Tore Opsahl of Nomura said jitters around the IPO might prompt a selloff in the AI theme—one possible near-term trigger, not a certainty.

1 publisher

Economy and macro4h ago

Turkey regulator chief asks Erdoğan to accept his resignation

Şahap Kavcıoğlu, head of Turkey’s Banking Regulation and Supervision Agency (BDDK), asked President Recep Tayyip Erdoğan to allow him to step down, Asharq News and Asharq Al-Awsat reported Wednesday. Kavcıoğlu said he made the request because recent allegations concerning the agency and himself could cause further harm to the institution. The reports describe a request and do not say Erdoğan accepted it. His request comes amid an investment-fund crisis that began in mid-September. Asharq News reported that about half a million individual investors were affected and that the crisis was followed by judicial investigations and arrests of dozens of executives. Allegations linking the agency to the crisis remain unresolved, and the arrests are not findings of guilt.

2 publishers

Economy and macro2h ago

Bessent says U.S.-China communication is improving.

Ahead of Trump’s visit, Bessent praised what he described as improving communication between Washington and Beijing. He expects the two sides to exchange expertise on assessing and testing AI models, but that is an expectation, not a confirmed agreement. Bloomberg also reported that Bessent praised bilateral ties and Trump’s close engagement with Xi. That gives the broad praise a concrete possible subject: how to assess and test AI models.

2 publishers