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The Latest Breaking News from Aramco

Why Qatar is buying into troubled Audi F1 programme

"Be fearful when others are greedy – and greedy when others are fearful." The famous words of US investment guru Warren Buffett aptly sum up the Qatari Investment Authority's reasons for taking a shareholding in Audi's Formula 1 team.

Autosport

Saudi wealth fund’s expansion into North American soccer raises questions

A leading human rights organization has described a sponsorship deal between Concacaf and the Saudi Arabia Public Investment Fund as sportswashing

The Guardian - US

Hampshire caught up in ‘sportswashing’ T20 row despite green claims

Hampshire have been accused of taking part in a ‘sportswashing vehicle’ before their participation in this month’s Global Super League in Guyana

The Guardian - UK

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Bitcoin Topples Saudi Aramco To Become World's 7th Largest Asset By Market Cap

Bitcoin has passed oil behemoth Saudi Aramco to become the world's seventh-largest asset by market capitalization, marking another milestone in the journey of what was once an asset tainted by widespread skepticism.

International Business Times

Fossil fuel bosses get ‘red carpet’ at Cop29 despite concerns over influence

Revealed: more than 100 executives given special guest badges as activists challenge role of oil and gas firms at talks

The Guardian - UK

Russia to ‘merge three oil companies’ to boost war effort

The merger of Rosneft Oil, Gazprom Neft and Lukoil would be second only to Saudi Arabia’s Aramco’s output

The Independent UK

Saudi oil and betting firms? Women’s football must not lose its moral compass

Investment is needed to maintain growth but recent deals go against the values women’s game has worked hard on

The Guardian - UK

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Saudi Aramco Says Quarterly Profit Drops 15% On Low Oil Prices

Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.

International Business Times

Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier

Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenues

The Independent UK

Is FIFA’s sponsorship deal with a Saudi-owned oil giant really ‘a middle finger’ to women’s soccer?

Athletes’ voices are a necessity in the matrix of good sports governance, a message reinforced at last week’s annual Australia New Zealand Sports Law Association conference in Sydney, attended by some of the world’s best – and busiest – sports lawyers.

The Conversation

Pat Cummins takes lead on climate crisis as cricketers pitch green plan

Cricket for Climate is making ‘phenomenal’ strides in Australia, and the global game is joining the movement

The Guardian - UK

Saudi oil sponsorship: Why have more than 100 women's footballers opposed the deal?

106 women's footballers from 24 different countries have signed an open letter opposing the sponsorship deal

FourFourTwo

‘Our Euros start now’: Stanway seeks Lionesses spark before Germany game

Georgia Stanway says the defence of England’s European title begins now as they prepare to face Germany in a friendly at Wembley

The Guardian - UK

Female players urge Fifa to rethink sponsorship deal with Saudi oil giant

World football's governing body Fifa came under pressure on Monday to reconsider a sponsorship deal with the Saudi Arabian oil firm Aramaco after it received an open letter from 106 female football players from 24 countries including France, Denmark and the United States.

Radio France Internationale

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The Guardian - UK

Top female footballers urge Fifa to end deal with Saudi ‘nightmare sponsor’

Letter to governing body accuses Saudis of using sports to ‘distract from the regime’s brutal human rights reputation’

The Independent UK

Becky Sauerbrunn and over 100 women's soccer players protest FIFA deal with Saudi oil giant Aramco

Former U.S. national team captain Becky Sauerbrunn and Netherlands forward Vivianne Miedema are among more than 100 women’s soccer players who have signed an open letter protesting FIFA’s sponsorship deal with Saudi Arabian state oil giant Aramco

The Independent UK

Vivianne Miedema among 100 women’s footballers urging Fifa to end Saudi oil deal

Fifa announced a sponsorship with Aramco last year which will see the oil giant sponsor the men’s World Cup in 2026 and Women’s World Cup in 2027

The Guardian - UK

Fossil fuel companies sponsor $5.6bn in global ‘sportswashing’ deals

Thinktank says funding from oil and gas firms is attempt to ‘divert attention from their role in fuelling the climate crisis’

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Golf Monthly

Report: Tiger Woods Flies Into New York For PGA Tour/PIF Talks

Per ESPN, the 15-time Major winner is attending meetings with the PIF over the coming days alongside fellow PGA Tour policy board member Adam Scott and other representatives

Golf Monthly

Charley Hull Reveals Shower Incident Partially To Blame For Disappointing First Round At Paris 2024

The World No.11 has only just returned from injury after an accident in her hotel room caused Hull to miss playing time

Top News

Aramco Reports .3 Billion Profits Amid Global Economic Concerns

Aramco's .3B profit, optimistic about future demand, plans dividends, and holds strong market value in the oil industry.

The Guardian - UK

Saudi Aramco to pay record dividends despite dip in profits

World’s biggest oil company will pay shareholders, including Saudi state, quarterly dividend of $31bn

International Business Times

Saudi Aramco Q2 Profit Dips 3% As Output Stays Low

Saudi oil giant Aramco on Tuesday reported net income of $29.07 billion in the second quarter, a slight drop from the same period last year as output remained subdued.

The Independent UK

Saudi Arabia's Aramco reports lower half-year profits as economic worries dampen energy prices

Saudi oil giant Aramco has reported half-year profits of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy

Motorsport

Ex-Mercedes F1 engine boss Cowell replaces Whitmarsh as Aston Martin CEO

Former Mercedes Formula 1 engine chief Andy Cowell will replace ex-McLaren team boss Martin Whitmarsh as Aston Martin’s group CEO from 1 October, the team announced on Tuesday.

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