Barcelona parades their first-place trophy in the final match of the FIFA Club World Cup at Zayed Sports City last year.
Barcelona parades their first-place trophy in the final match of the FIFA Club World Cup at Zayed Sports City last year.

FIFA scores windfall in Abu Dhabi



The FIFA Club World Cup in Abu Dhabi provided a windfall of almost US$8 million (Dh29.3m) for football's international governing body last year, the first time the tournament has made a profit. The event brought in $37.4m in revenue and cost FIFA $29.5m, leaving it with a $7.9m profit, according to its financial statements for last year. The strong revenues came from "a high contribution by the host association", FIFA said, according to a report in InsideWorldFootball, a sports news website.

Abu Dhabi has increased its exposure to the world of sport enormously over the past two years by bringing in events such as the Formula One Grand Prix, held at the Yas Island race track, and the Capitala World Tennis Championship. This year, Abu Dhabi hosted its first Ultimate Fighting Championship after the capital's Flash Entertainment bought a 10 per cent stake in the parent company of the mixed martial arts competition. Dubai is considering whether to bid for the 2020 Summer Olympic Games.

Some of the UAE's biggest companies have been using these tournaments to increase their exposure in the world markets. Emirates Airline is a sponsor of the FIFA Club World Cup, while Mubadala Development and Etihad Airways sponsor the Ferrari F1 team. The Abu Dhabi football tournament's profit was in stark contrast to the losses made in Japan in 2008 that cost the organisation about $6.2m. The FIFA Club World Club will again be held in Abu Dhabi in December, before returning to Japan for another two years.

Next year, FIFA is expected to put out a bid for countries interested in hosting the tournament. Abu Dhabi officials have not yet said whether they would pitch for the tournament again. The 2009 Club World Cup lasted 11 days and gave seven clubs the chance to take home a US$5m first prize. It was won by the European champions Barcelona who defeated Estudiantes 2-1 in extra time. Al-Alhi, a local team, missed their chance at glory when they lost to Auckland City 2-0. The games took place at Mohammed bin Zayed Stadium and Zayed Sports City. Thousands of fans flew into the capital to watch the games.

FIFA profits last year were up 6.5 per cent from the year before to $196m. The teams in this year's tournament are Brazil's Sport Club Internacional, Italy's Internazionale Milano, Mexico's Club de Futbol Pachuca, Papua New Guinea's Hekari United and the UAE's own Al-Wahda. The winners of the 2010 Asian competition the AFC Champions League, and the African tournament CAF Champions League, which end in November, will also participate in the Club World Cup.

bhope@thenational.ae

DUBAI BLING: EPISODE 1

Creator: Netflix

Stars: Kris Fade, Ebraheem Al Samadi, Zeina Khoury

Rating: 2/5

The specs

Engine: 2.0-litre turbo 4-cyl

Transmission: eight-speed auto

Power: 190bhp

Torque: 300Nm

Price: Dh169,900

On sale: now

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

Godzilla x Kong: The New Empire

Director: Adam Wingard

Starring: Brian Tyree Henry, Rebecca Hall, Dan Stevens

Rating: 4/5

Meg 2: The Trench

Director: Ben Wheatley
Stars: Jason Statham, Jing Wu, Cliff Curtis, Page Kennedy, Cliff Curtis, Melissanthi Mahut and Shuya Sophia Cai
Rating: 2/5

The biog

Name: Sarah Al Senaani

Age: 35

Martial status: Married with three children - aged 8, 6 and 2

Education: Masters of arts in cultural communication and tourism

Favourite movie: Captain Corelli’s Mandolin

Favourite hobbies: Art and horseback ridding

Occupation: Communication specialist at a government agency and the owner of Atelier

Favourite cuisine: Definitely Emirati - harees is my favourite dish

The story of Edge

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, established Edge in 2019.

It brought together 25 state-owned and independent companies specialising in weapons systems, cyber protection and electronic warfare.

Edge has an annual revenue of $5 billion and employs more than 12,000 people.

Some of the companies include Nimr, a maker of armoured vehicles, Caracal, which manufactures guns and ammunitions company, Lahab

 

KEY DATES IN AMAZON'S HISTORY

July 5, 1994: Jeff Bezos founds Cadabra Inc, which would later be renamed to Amazon.com, because his lawyer misheard the name as 'cadaver'. In its earliest days, the bookstore operated out of a rented garage in Bellevue, Washington

July 16, 1995: Amazon formally opens as an online bookseller. Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought becomes the first item sold on Amazon

1997: Amazon goes public at $18 a share, which has grown about 1,000 per cent at present. Its highest closing price was $197.85 on June 27, 2024

1998: Amazon acquires IMDb, its first major acquisition. It also starts selling CDs and DVDs

2000: Amazon Marketplace opens, allowing people to sell items on the website

2002: Amazon forms what would become Amazon Web Services, opening the Amazon.com platform to all developers. The cloud unit would follow in 2006

2003: Amazon turns in an annual profit of $75 million, the first time it ended a year in the black

2005: Amazon Prime is introduced, its first-ever subscription service that offered US customers free two-day shipping for $79 a year

2006: Amazon Unbox is unveiled, the company's video service that would later morph into Amazon Instant Video and, ultimately, Amazon Video

2007: Amazon's first hardware product, the Kindle e-reader, is introduced; the Fire TV and Fire Phone would come in 2014. Grocery service Amazon Fresh is also started

2009: Amazon introduces Amazon Basics, its in-house label for a variety of products

2010: The foundations for Amazon Studios were laid. Its first original streaming content debuted in 2013

2011: The Amazon Appstore for Google's Android is launched. It is still unavailable on Apple's iOS

2014: The Amazon Echo is launched, a speaker that acts as a personal digital assistant powered by Alexa

2017: Amazon acquires Whole Foods for $13.7 billion, its biggest acquisition

2018: Amazon's market cap briefly crosses the $1 trillion mark, making it, at the time, only the third company to achieve that milestone

PROFILE OF STARZPLAY

Date started: 2014

Founders: Maaz Sheikh, Danny Bates

Based: Dubai, UAE

Sector: Entertainment/Streaming Video On Demand

Number of employees: 125

Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners

Our Time Has Come
Alyssa Ayres, Oxford University Press

Sly Cooper and the Thievius Raccoonus

Developer: Sucker Punch Productions
Publisher: Sony Computer Entertainment
Console: PlayStation 2 to 5
Rating: 5/5

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

Drivers’ championship standings after Singapore:

1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68

Everybody Loves Touda

Director: Nabil Ayouch 

Starring: Nisrin Erradi, Joud Chamihy, Jalila Talemsi

Rating: 4/5

HEADLINE HERE
  • I would recommend writing out the text in the body
  • And then copy into this box
  • It can be as long as you link
  • But I recommend you use the bullet point function (see red square)
  • Or try to keep the word count down
  • Be wary of other embeds lengthy fact boxes could crash into
  • That's about it
Specs: 2024 McLaren Artura Spider

Engine: 3.0-litre twin-turbo V6 and electric motor
Max power: 700hp at 7,500rpm
Max torque: 720Nm at 2,250rpm
Transmission: Eight-speed dual-clutch auto
0-100km/h: 3.0sec
Top speed: 330kph
Price: From Dh1.14 million ($311,000)
On sale: Now

COMPANY PROFILE

Name: Kinetic 7
Started: 2018
Founder: Rick Parish
Based: Abu Dhabi, UAE
Industry: Clean cooking
Funding: $10 million
Investors: Self-funded

How to donate

Text the following numbers:

2289 - Dh10

6025 - Dh 20

2252 - Dh 50

2208 - Dh 100

6020 - Dh 200

*numbers work for both Etisalat and du

EA Sports FC 24

Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, PC and Xbox One
Rating: 3.5/5

Quick facts
  • Storstockholms Lokaltrafik (SL) offers free guided tours of art in the metro and at the stations
  • The tours are free of charge; all you need is a valid SL ticket, for which a single journey (valid for 75 minutes) costs 39 Swedish krone ($3.75)
  • Travel cards for unlimited journeys are priced at 165 Swedish krone for 24 hours
  • Avoid rush hour – between 9.30 am and 4.30 pm – to explore the artwork at leisure
Company profile

Company: Verity

Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

Based: Dubai

Sector: FinTech

Size: four team members

Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

Latest
Most Read
Top Videos