DIRS.INFO The most relevant business & tech news

☆ Soccer-Qatar's Al Thani submits new $6 billion bid for Manchester United, Sky Sports News reports
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +2 min

March 25 (Reuters) - Sheikh Jassim bin Hamad Al Thani has submitted a new bid to buy Manchester United which is believed to be worth around 5 billion pounds ($6.12 billion), Sky Sports News reported on Saturday. Sheikh Jassim, a son of Qatar’s former prime minister, launched the bid in February. A spokesperson representing Sheikh Jassim said at the time that the bid was completely debt free, via Sheikh Jassim's Nine Two Foundation. Finnish entrepreneur Thomas Zilliacus also placed a bid on Thursday and told Reuters that he was willing to pay a premium for the English soccer club. United are the fourth richest soccer club in the world, according to analysis by Deloitte .

☆ Syria's Assad arrives in United Arab Emirates in official visit
▼ + stars: | 2023-03-19 | by ( ) www.reuters.com time to read: +3 min

[1/5] Syria's President Bashar al-Assad meets with President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi, United Arab Emirates March 19, 2023. Hamad Al Kaabi/UAE Presidential Court/Handout via REUTERSDUBAI, March 19 (Reuters) - Syrian President Bashar al Assad arrived in the United Arab Emirates (UAE) on Sunday for an official visit, accompanied by his wife Asma al Assad, at a time when more Arab states have signalled openness to easing the isolation of Damascus. "We held constructive talks aimed at developing relations between our two countries," Sheikh Mohammed later said in a Twitter post. The Syrian presidency said Asma al Assad, on her first known official visit abroad with Assad since 2011, would meet with Sheikha Fatima bint Mubarak who is the Emirati president's mother and regarded in the UAE as the "Mother of the Nation". Saudi Arabia, Qatar and, to a lesser extent the UAE, once backed rebels against Assad.

☆ UAE withdraws bid for 2026 World Bank-IMF meetings in favour of Qatar
▼ + stars: | 2023-03-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] A general view of the Burj Khalifa and the downtown skyline in Dubai, United Arab Emirates, June 12, 2021. The decision came during a phone call between UAE President Sheikh Mohammed bin Zayed Al Nahyan and Qatar's emir Sheikh Tamim bin Hamad al-Thani, statements from state news agency WAM and the Amiri Diwan said. In Sunday's phone call, Sheikh Mohammed pledged the UAE's support for Qatar's bid to host the meetings and "wished the Emir and the people of Qatar every success in hosting this global gathering," WAM's statement said. But relations between Abu Dhabi and Doha have warmed in recent months with Sheikh Mohammed visiting Qatar during the soccer World Cup last December. Abu Dhabi, like Manama, has not appointed an envoy to Doha, but restored travel and trade links with Qatar.

☆ Qatar’s emir criticises delay in aid to earthquake victims in Syria
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +2 min

DOHA, March 5 (Reuters) - Qatar's emir said on Sunday he was puzzled by the delay in delivering aid to victims of last month's earthquake in Syria, adding that it was wrong to abuse humanitarian aid for political purposes, in an apparent swipe at the Syrian government. The death toll in Turkey has risen to above 45,000, bringing the total toll including Syria to about 51,000. In Syria, the northwest region controlled by rebels at war with President Bashar al-Assad was the worst hit. The United Nations has called for access by all parties in Syria, already devastated by years of civil war, in order to scale up aid deliveries. Other aid agencies say hardline rebels have blocked aid deliveries from government-held parts of Syria, further complicating efforts.

☆ Manchester United stock sinks 13.5% on a report that it's probably worth billions less than what its owners want to sell it for
▼ + stars: | 2023-02-27 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Manchester United stock fell as mush as 13.5% after a report suggested that it's worth billions less than the club's owners are seeking. A Financial Times analysis indicated that United's value is likely to be around $1.6 billion. The club's owners, the Glazer family, reportedly want at least $6 billion, per The Athletic. But an analysis by the Financial Times suggested the team's value is much lower — likely around $1.6 billion. The $1.6 billion valuation may ignore the intrinsic value of owning one of the sport's most notable franchises and brands as well.

☆ INEOS Quattro to raise 750 mln euros from loans, pay dividend
▼ + stars: | 2023-02-24 | by ( Chiara Elisei | ) www.reuters.com time to read: +1 min

LONDON, Feb 24 (Reuters) - Chemicals company INEOS Quattro is planning to raise 750 million euros ($794 million) from the sale of two loans, according to a lead manager memo seen by Reuters on Friday. The seven-year financing - which comprises a euro loan and a minimum $400 million loan - will fund a dividend payment and the rest will be used for general corporate purposes, the memo said. INEOS Quattro is owned by global chemical company INEOS, which is among the bidders for Manchester United. INEOS wants to fund an offer without external financing, but could consider bringing in a minority equity partner, Reuters reported earlier this week, citing a source. JP Morgan and Deutsche Bank are leading the new loan sale for INEOS Quattro, according to the memo.

LONDON, Feb 22 (Reuters) - Buyout financier Ares Management Corp (ARES.N) has been offering funds to support a takeover of Manchester United (MANU.N), three sources familiar with the matter told Reuters. It is the latest U.S. asset manager to seek a financing role in the battle for the English soccer club. It was unclear whether Ares has been looking to finance bids for Manchester United through that fund, which has already invested in Spain's Atletico de Madrid soccer club and Inter Miami CF, or another vehicle. Last Friday, Manchester United received indicative offers from bidders including chemicals firm INEOS, led by long-time fan Jim Ratcliffe, and Qatari Sheikh Jassim Bin Hamad Al Thani. INEOS wants to fund an offer without external financing, but could consider bringing in a minority equity partner, one source said.

☆ Liverpool owner Henry rules out sale of the club
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +1 min

Feb 20 (Reuters) - Liverpool's American owner John Henry has said there are no plans to sell the Premier League club after the Merseyside outfit's owners said in November they were exploring a sale. After FSG's initial statement, Liverpool chairman Tom Werner said there was no urgency to complete any potential deal. Are talking with investors about Liverpool? I believe so, but it won't be a sale. Reporting by Aadi Nair in Bengaluru; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. Hedge Fund Elliott to offer financing for Manchester United takeover bid
▼ + stars: | 2023-02-18 | by ( Peter Hall | ) www.reuters.com time to read: +1 min

Feb 18 (Reuters) - U.S.-based hedge fund giant Elliott Investment Management is planning to offer financing for a bid to take over Manchester United Plc (MANU.N), sources close to the matter told Reuters. The fund has ruled itself out of a full takeover of the Premier League soccer club, the source added on Saturday. It is unclear at this stage which bid Elliott, who owned Serie A champions AC Milan until last year, will be involved in. Elliott and United both declined to comment when approached by Reuters. British billionaire Jim Ratcliffe, a life-long United fan, and his company INEOS lodged an offer for a "majority ownership" of the club on Saturday.

☆ Former Qatari prime minister's son bids for Manchester United
▼ + stars: | 2023-02-18 | by ( ) www.cnbc.com time to read: +1 min

A statue of George Best, Denis Law and Bobby Charlton standing outside Old Trafford, home of Manchester United in Manchester, England. Sheikh Jassim Bin Hamad Al Thani, a son of Qatar's former prime minister, on Friday launched a bid to buy Premier League soccer club Manchester United, whose American owners launched a formal sale process late last year. Sheikh Jassim is the son of Sheikh Hamad bin Jassim bin Jaber Al Thani, who is one of the richest men in the Gulf state. However, Qatari state investors, who own a stake in French champions Paris Saint-Germain, could face challenges structuring a takeover of Manchester United, as rules forbid two clubs with the same owner taking part in the lucrative Champions League. Sheikh Hamad is the owner of PSG and it is unclear how the Qatari bid will be structured.

☆ Ratcliffe's INEOS confirm bid for Manchester United
▼ + stars: | 2023-02-18 | by ( ) www.reuters.com time to read: +3 min

Feb 18 (Reuters) - Manchester United have received a bid from Jim Ratcliffe's company INEOS for "majority ownership" of the Premier League club, the chemical firm confirmed on Saturday, adding that it would look implement a fan-centred approach. British billionaire Ratcliffe, a life-long United fan and founder of INEOS, has previously openly expressed his interest in buying the Old Trafford club. "We would see our role as the long-term custodians of Manchester United on behalf of the fans and the wider community," INEOS said in a statement. "We are ambitious and highly competitive and would want to invest in Manchester United to make them the number one club in the world once again." "We want a Manchester United anchored in its proud history and roots in the North-West of England, putting the Manchester back into Manchester United and clearly focusing on winning the Champions League," the statement said.

☆ Son of former Qatari PM bids for Manchester United
▼ + stars: | 2023-02-17 | by ( Anirban Sen | ) www.reuters.com time to read: +3 min

[1/2] Soccer Football - Premier League - Manchester United v West Ham United - Old Trafford, Manchester, Britain - July 22, 2020 General view of the corner flag inside the stadium before the match, as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19) Martin Rickett/Pool via REUTERS. Feb 17 (Reuters) - Sheikh Jassim Bin Hamad Al Thani, a son of Qatar’s former prime minister, on Friday launched a bid to buy Premier League soccer club Manchester United, whose American owners launched a formal sale process late last year. A deal for United is expected to shatter records for the sale of a sports business. Sheikh Jassim is the son of Sheikh Hamad bin Jassim bin Jaber Al Thani, who is one of the richest men in the Gulf state. However, Qatari state investors, who own a stake in French champions Paris Saint-Germain, could face challenges structuring a takeover of Manchester United, as rules forbid two clubs with the same owner taking part in the lucrative Champions League.

☆ Airbus and Qatar edge towards agreement in A350 dispute - sources
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] A view shows the Qatar Airways' airbus A350 parked outside Qatar Airways maintenance hangar in Doha, Qatar, June 20, 2022. REUTERS/Imad CreidiPARIS, Jan 31 (Reuters) - Airbus (AIR.PA) and Qatar Airways are edging towards an agreement to settle a bitter dispute over grounded A350 jets, two people familiar with the matter said on Tuesday. "There will be an agreement," one of the sources said, while another cautioned that the talks were still ongoing. Airbus and Qatar Airways had no immediate comment. The dispute between two of aviation's largest players has led to the unprecedented cancellation of large-scale orders from Airbus, and extra business for its U.S. rival Boeing (BA.N).

☆ Bahrain's crown prince calls Qatari emir in apparent step towards mending fences
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +2 min

[1/2] Bahrain's Prime Minister and Crown Prince Salman bin Hamad al-Khalifa attends the inauguration of Exhibition World Bahrain at Sakhir Bahrain, November 21, 2022. BNA said that Bahrain's crown prince and prime minister, Prince Salman bin Hamad Al-Khalifa, had in the call with Qatari Emir Sheikh Tamim bin Hamad al-Thani "emphasised the importance of joint efforts to resolve all outstanding differences". "It was also agreed that officials from both countries will continue to communicate to achieve common goals," BNA said. Regional heavyweight Saudi Arabia has led efforts to rebuild ties with Qatar and, along with Egypt, re-established diplomatic relations. Bahrain, a Sunni Muslim-ruled monarchy with a restive Shi'ite population, has deep unease over Qatar's relations with Iran.

DOHA/RABAT, Dec 14 (Reuters) - Moroccans slumped with disappointment on Wednesday after their team's semi-final defeat to France, but were still pumped with pride for a World Cup run that spurred tears of joy across Africa and the Arab world. In the first World Cup held in an Arab country, and one already marked by upsets, Morocco won supporters far afield as the first Arab team to reach the quarter-finals and the first African team to reach the semis. It is already an honour and we are proud to see people from different countries root for the Moroccan team," said Taoufiq Ouchikh. We lost to a world Cup champion and we dominated," said Abdelilah Sair, another fan watching in the same cafe. Moroccan Prime Minister Aziz Akhannouch lauded a team he called heroes that brought joy to Moroccans and made the country's name "resonate on every tongue during the World Cup".

The Rashid Rover was built by Dubai’s Mohammed bin Rashid Space Centre (MBRSC), in the United Arab Emirates (UAE), and is being delivered by the HAKUTO-R lander, engineered by Japanese lunar exploration company ispace. The Rashid Rover, named after the late Sheikh Rashid Al Saeed, the former ruler of Dubai, will analyze the plasma on the lunar surface and conduct experiments to understand more about lunar dust. The Rashid Rover was built at Dubai's Mohammed bin Rashid Space Centre. Mohammed bin Rashid Space Centre (MBRSC)The rover will be entirely solar-powered and equipped with four cameras, including a microscopic and thermal one. Al Marzooqi hopes that the lunar surface mission will be a stepping stone to Mars.

☆ Lawmakers explain why they went to Qatar for the World Cup despite human rights concerns: 'There are no perfect countries'
▼ + stars: | 2022-12-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Qatar's hosting of the 2022 World Cup has been controversial, given the country's human rights record. The congresswoman also suggested that the 2026 World Cup may prompt similar conversations about human rights abuses in North America. "We are slated to host the World Cup next with Mexico and Canada," she said, referring to the 2026 World Cup. "The spotlight of the World Cup has caused Qatar to make a lot of important reforms to their employment law." According to Human Rights Watch, LGBTQ people have been subjected to arbitrary arrests and ill-treatment in detention.

☆ UAE president visits Qatar in sign of warming ties
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +2 min

DOHA, Dec 5 (Reuters) - The United Arab Emirates (UAE) president arrived in Qatar on Monday on the first such visit since Saudi Arabia and its Arab allies ended a boycott of Doha nearly two years ago. Qatar is currently hosting soccer's World Cup,The visit "is another step towards strengthening Gulf solidarity and joint action," Anwar Gargash, diplomatic adviser to the UAE president, said on Twitter. Saudi Arabia, the UAE, Bahrain and Egypt early last year ended a 3-1/2 year embargo of Qatar, but ties between Doha and Abu Dhabi have not warmed at the same pace as those with Riyadh and Cairo, which re-established diplomatic ties with Doha. UAE National Security Adviser Sheikh Tahnoon bin Zayed al-Nahyan visited Doha twice as part of Abu Dhabi's push to manage regional differences. Abu Dhabi, like Manama, has not appointed an envoy to Doha, but restored travel and trade links between the UAE and Qatar.

"There is a big solidarity between us, Morocco, Tunisia, Qatar and Saudi Arabia. "Look at what Saudi Arabia and Morocco have done. We hope that it will be crowned with a Tunisian and Saudi victory today," he said. "It's a good feeling, the first time (a World Cup is hosted) in an Arabian country," said Ali Abbas Moussa, a 30-year-old pharmacist from Iraq. Some Arab leaders attending the World Cup have echoed the sense of pan-Arab solidarity during matches.

☆ Why Saudi Arabia is hosting one of the world's biggest raves
▼ + stars: | 2022-11-30 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +14 min

The kingdom’s Soundstorm music festival, which began in 2019, is back again for its fourth year and will start on Thursday. “(It) is a particularly powerful example because it seeks to bring together young people and women from across Saudi Arabia and the world,” she said. By contrast, Las Vegas’ Electric Daisy Carnival, considered North America’s biggest dance music festival, had an attendance of over 400,000 this year. Last year, Human Rights Watch (HRW) said that performers should either “speak up” about Saudi Arabia’s human rights violations or not attend the festival at all. Some however argue that opening up countries to international norms and values can allow for better discussion on human rights shortcomings.

☆ Arab fans unite after surprise wins in Qatar
▼ + stars: | 2022-11-29 | by ( Muath Freij | ) www.reuters.com time to read: +3 min

That chance to make history has forged a sense of solidarity among Arab supporters in Doha. "When Saudi Arabia play I am Saudi and when Morocco play, all the Arab people..." said Mansouri "...are Moroccans!" Mansouri said it felt as if Morocco and Saudi Arabia were both playing on home ground in Qatar, something which may have helped them reach new heights. All Arab and Gulf people support any (Arab) team," said Saudi supporter Khaled al-Asaimi, echoing the tone set by the leaders of Qatar and Saudi Arabia at the start of the tournament. Tensions between the two neigbours led Saudi Arabia and its allies to declare a travel and trade embargo on Qatar in 2017, a move only rescinded last year.

Pro-Palestinian sympathies among fans have also spilt into stadiums as four Arab teams compete. Qatari players have worn pro-Palestinian arm-bands, even as Qatar has allowed Israeli fans to fly in directly for the first time. The first Middle Eastern nation to host the World Cup, Qatar has often seemed a regional maverick: it hosts the Palestinian Islamist group Hamas but has also previously had some trade relations with Israel. Arab fans have shunned Israeli journalists reporting from Qatar. Omar Barakat, a soccer coach for the Palestinian national team who was in Doha for the World Cup, said he had carried his flag into matches without being stopped.

☆ Fact Check-Morgan Freeman did not announce he was converting to Islam
▼ + stars: | 2022-11-23 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Claims that American actor Morgan Freeman has announced that he has converted to Islam are circulating online following his speech at the opening of the soccer World Cup in Qatar. Freeman was joined by 20-year-old YouTuber Ghanim Al Muftah, who was born with caudal regression syndrome, a rare condition impairing the development of the lower spine (here). Freeman does not announce that he is converting to Islam at any point. Fred Specktor, a representative for Freeman, told Reuters via email that “Morgan has not converted to Islam.”VERDICTFalse. American actor Morgan Freeman did not announce that he has converted to Islam in a speech at the opening of the World Cup in Qatar.

☆ Prince Abdulaziz bin Turki Al-Faisal: 'I'm waiting for someone to wake me up,' says Saudi sports minister after remarkable win over Argentina
▼ + stars: | 2022-11-23 | by ( Zeena Saifi | ) edition.cnn.com time to read: +6 min

CNN —A day after Saudi Arabia’s historic win against Argentina at the Qatar World Cup, the Kingdom’s sports minister Prince Abdulaziz bin Turki Al-Faisal says he’s “waiting for someone to wake me up.”“It’s been an unbelievable result. Saudi Arabia's victory is the most famous in the Arab world, alongside Algeria's victory over West Germany in 1982. People that don’t know Saudi Arabia, have never been to Saudi Arabia, go out and talk about it as if they’ve lived there for 30 years, 40 years. In honor of the team’s historic win, Saudi Arabia’s King Salman bin Abdulaziz Al Saud ordered a national public holiday for a day on Wednesday. Asked if Saudi Arabia would put in a bid, similar to its takeover of Newcastle United last year, Prince Abdulaziz didn’t confirm nor deny.

☆ Soccer Qatar's Bedouin roots star in World Cup opening ceremony
▼ + stars: | 2022-11-20 | by ( Andrew Mills | ) www.reuters.com time to read: +3 min

"From Qatar, from the Arab world, I welcome everyone to the World Cup 2022," Sheikh Tamim bin Hamad Al Thani said. "How lovely it is that people can put aside what divides them to celebrate their diversity and what brings them together." Then, fireworks exploded from the roof of Al Bayt stadium, 44 km (27 miles) north of the capital, Doha. Earlier, the nearly full stadium erupted in cheers when Sheikh Tamim arrived at the stadium flanked by FIFA president Gianni Infantino. The ceremony featured video footage of Sheikh Tamim as a boy playing soccer in the desert, which seemed aimed at countering the argument made by Qatar's critics that the Gulf Arab state has no soccer tradition.

Search resuls for: "Hamad Al"

25 mentions found