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Juventus to Exit Super League Project Amid Legal Turmoil

TURIN, Italy: Juventus plan to leave the Super League project still being pursued by Real Madrid and Barcelona, though the club denied Tuesday they had been threatened with a European ban by UEFA. The three storied clubs are awaiting a ruling expected within weeks from the European Court of Justice in Luxembourg into their legal challenge against what they claimed is UEFA’s monopoly control of European club competitions.
sport

Iniesta bids farewell to Barcelona pals in Tokyo friendly

TOKYO: Andres Iniesta said goodbye to old friends as he played for his Japanese club Vissel Kobe against his former club Barcelona in a friendly at the National Stadium on Tuesday. Barcelona won the match 2-0. Iniesta played 674 games for Barcelona from 2002-18, winning 30 trophies. He also scored the winning goal for Spain in the 2010 World Cup final. Last month, he announced he was leaving the Japanese club after his final match on July 1 in the western city of Kobe.
sport

“Privatization Considered by Elite Saudi Football Clubs Amid Winds of Change”

RIYADH: A revolution is taking place in Saudi football, on and off the pitch. As some of the world’s best players increasingly look to the possibility of playing in the Roshn Saudi League, the prospect of privatization — and the benefits it could bring — is in the air at the Kingdom’s elite clubs. On Sunday, it was reported that Karim Benzema, who received the Ballon d’Or last October, had agreed to sign for Al-Ittihad, just days after the Jeddah giants celebrated clinching a first league title since 2009.
Business

Saudi Energy Minister Says OPEC is Proactively Preemptive – CNBC

VIENNA: Defending the decisions made by the oil producers’ alliance, Saudi Energy Minister Prince Abdulaziz bin Salman stressed the need to “trust OPEC+” which he described as “the most effective international organization” working to restore market stability. Talking to CNBC International’s Dan Murphy on Sunday, the energy minister said the voluntary oil output cuts announced by the Organization of the Petroleum Exporting Countries and its allies including Russia, also known as OPEC+, were precautionary measures.
Business

Qatar’s Q1 budget surplus exceeds expectations at $5.4bn

RIYADH: Qatar registered more than two-thirds of its expected 2023 budget surplus in the first three months of the year thanks to a large inflow of oil and gas revenues, the country’s Finance Ministry has revealed. According to Qatar’s state news agency, the country’s trade balance was 19.7 billion Qatari riyals ($5.4 billion) in the black for the first quarter of the year, the equivalent of 68 percent of its anticipated budget surplus for 2023.
sport

Ibrahimovic retires from soccer

MILAN: Zlatan Ibrahimovic brought the curtain down on a long, trophy-packed career on Sunday when he unexpectedly announced his retirement from football. Veteran striker Ibrahimovic revealed his decision to quit the game during an on-pitch ceremony following AC Milan’s 3-1 win over Verona. “It’s the moment to say goodbye to football, not just to you,” said Ibrahimovic on the San Siro pitch. “There are too many emotions for me right now. Forza Milan and goodbye.”
Business

Saudi Arabia to Extend OPEC+ Voluntary Cut and Reduce Oil Output in July

RIYADH: Saudi Arabia will extend its voluntary cut of 500,000 bpd until the end of December 2024, in coordination with some countries participating in the OPEC+ agreement, the Kingdom’s energy ministry said on Sunday. This voluntary reduction from the required production level was agreed upon at the OPEC+ meeting held on Sunday, the ministry added. The ministry also announced an additional voluntary oil output cut of 1 million bpd for July, which could be extended further.
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