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World soccer governing body FIFA has signed a partnership with oil and gas conglomerate Saudi Aramco that will run through to the end of 2027.
Saudi Aramco's head of investor relations Fergus MacLeod was imprisoned in India over the summer for carrying a satellite phone.
Aramco's net income of $39.5 billion was up from $21.7 billion compared with the same period in 2021, "primarily driven by higher crude oil prices and volumes sold, and improved downstream margins," it said in a press release.
Comment: Despite its green pledges, Saudi Arabia is extracting more oil than ever before, writes Courtney Freer.
Comment: With the GCC in tatters, individual member states are feeling anxious about the lack of a regional support system and an unpredictable US president, writes Courtney Freer.
Comment: The IPO would have meant increased international scrutiny, and with other funding sources emerging, Saudi Arabia can afford to sidestep it a while longer, writes Courtney Freer.
Comment: The fate of the Aramco IPO could have huge political implications for the young crown prince's future, writes Courtney Freer.
Documents viewed by The Guardian alleged that the UK's then-energy minister Kwasi Kwarteng held secret meetings with Saudi Aramco, SABIC and Alfanar Group during an official visit to Saudi Arabia in January.
It follows drone attacks on Saudi targets and US interests in the region over the past few years, often originating from Iran-backed groups.
Google investors are concerned about the tech giant's plans to establish a data centre in Saudi Arabia, considering the Kingdom's record of using digital tools to monitor, target and punish its perceived critics.