London-based production company Aurora Media Worldwide has been appointed host broadcast partner for the inaugural FIA Extreme H World Cup, the hydrogen-powered motorsport World Cup, as well as the final of Extreme E Desert X Prix.
Extreme H is the world’s first hydrogen-powered off-road racing series, while Extreme E is an international off-road series launched in 2021 to put capabilities of electric vehicles on display and raise awareness of climate change. It is sanctioned by the FIA, the global governing body of car racing.
Aurora’s newly established offices in the Middle East and North Africa will ensure production runs on the ground. The company was founded in London and now also has offices in Saudi Arabia and the UAE.
The first FIA Extreme H World Cup will take place from October 9 to 11 in Qiddiya City, Saudi Arabia. This follows the Extreme E final lap Desert X Prix on October 4 and 5.
“Aurora has been on this incredible journey with Extreme E from the very start,” said James Pearce, managing director for the Middle East and North Africa at Aurora.
The company will deliver live worldwide coverage, highlights programmes, digital-first content and behind-the-scenes action across both events, it said on Wednesday.
Founded in 2012, Aurora, an All3Media company, has a track record of producing content for major sporting events including Formula E, E1, FIA World Rallycross, Supertri and the FIM World Supercross Championship.
It has teamed up with premium rights holders, broadcasters and brands to produce live and non-live formats, from host broadcasts to original documentaries, digital and social content.
“Aurora has been with us since day one, and we are proud to continue that partnership as we say farewell to Extreme E and showcase the power of hydrogen and sustainable technology with Extreme H to a global audience,” said Ali Russell, managing director of Extreme E and Extreme H.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
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Read more from Aya Iskandarani
UAE currency: the story behind the money in your pockets
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
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