For the first 18 months, it had all looked so simple for the Saudi Arabian-led consortium who had taken over as owners of Premier League club Newcastle United in a deal worth £305 million.
The club's trajectory was quickly heading upward after the appointment of Eddie Howe as manager in November 2021. Newcastle rose out of the relegation zone up to mid-table security, followed by a fourth-place finish the following campaign, booking a return to Uefa Champions League football.
Backed by Saudi Arabia's Public Investment Fund (PIF), Howe's squad had been improved every transfer window with the likes of Kieran Trippier, Bruno Guimaraes, Sven Botman and Alexander Isak arriving at St James' Park as statement signings that significantly lifted the quality of the team's starting XI.
The following season was a reality check as the club suffered regular body blows on and off the pitch; from key summer signing Sandro Tonali's ban for breaking betting rules, a nightmare injury list, a group-stage Champions League exit, and highly respected sporting director Dan Ashworth being lured away by Manchester United.
They even missed out on European football despite finishing seventh when Manchester City fell to a surprise FA Cup final defeat to Manchester United, who claimed a Europa League spot, knocking Chelsea down to the Europa Conference League, in turn costing Newcastle their spot.
“When I look back on this season I'll only have good memories,” said Howe after the final game of the season. “Some really challenging moments when we had to dig deep but the players never let me down. I think it's been a season of progression … but that has to continue.”
Those final words have proven to be key as maintaining the club's progression might well be the biggest challenge Howe has faced since taking over as manager following a summer of discontent on Tyneside.
In July, the surprise exits of minority shareholders Amanda Staveley and Mehrdad Ghodoussi – who had been instrumental in sealing the deal to buy out previous owner Mike Ashley and were the consortium's public faces – were announced as PIF increased its stake in the club to 85 per cent.
“I am devastated,” said Staveley in an interview with The Athletic. "[My] preference would have been to stay, but life doesn’t always work out exactly how you want it to … it’s got to be about what’s best for Newcastle.”
But it has been the shadow of the Premier League's Profit and Sustainability Rules (PSR) that has rocked the Magpies, who have spent around £400m since the takeover was completed but have now made no major signings for two transfer windows.
The alarm bells were ringing back in January when chief executive Darren Eales admitted that player sales would be considered in the next phase of the club project: “If we're going to get to where we want to get to, at times it is necessary to trade your players.”
That month, the likes of captain Trippier, winger Miguel Almiron and striker Callum Wilson were all linked with moves away. “Every Premier League club will sell players now because of the rules placed upon them,” Howe conceded. “Selling players is vital to being able to bring players in the other way.”
While January sales were avoided, there would be no escape over the summer when Newcastle were forced to offload two talented young players to Premier League rivals: 21-year-old Elliot Anderson went to Nottingham Forest (£35m) and Yankuba Minteh, 20, to Brighton (£30m) ahead of the PSR accounting deadline.
“I would’ve loved to have kept them – they are two outstanding young players and really disappointed to lose them both,” said Howe. “But, we were backed into a corner … it was as good an outcome as we could have hoped for.”
The sales meant Newcastle had kept hold of their crown jewels in midfielder Guimaraes, striker Isak and winger Anthony Gordon, although the latter is reported to have been unsettled when he was offered to Liverpool as the club scrambled to meet PSR targets.
Only free transfer Lloyd Kelly and £15m forward Will Osula have been brought in, although full-back Lewis Hall made his loan move from Chelsea permanent in a £28m deal. The long-running chase to bring in England defender Marc Guehi from Crystal Palace ended in failure as did a late bid to sign Nottingham Forest winger Anthony Elanga.
And fans' frustration has grown over the summer, particularly towards Eales and Paul Mitchell, Ashworth's replacement as sporting director, who have been in charge of transfer negotiations with Howe taking a step back.
But Mitchell insisted in a media conference on Wednesday that Newcastle avoided punishment for overspending and not recouping anything back in sales “by the skin of our teeth”, adding that the club would not be held to ransom over potential transfers.
“It's about setting precedents to the market that we will pay fair value for the right profile,” he said. “It shouldn't be misconceived as a lack of ambition. If we just spend, spend, spend once again, we become accountable to that by fines and points deductions, and that isn't good leadership, you're being negligent.”
As it is, Newcastle have made a decent start to the new season results-wise by going undefeated from their opening four games – two wins and draw in the league, beating Nottingham Forest on penalties in the League Cup – but would have had few complaints if they had lost them all.
“It's been a turbulent time for the club off the pitch throughout this last transfer window,” said Howe after their fortunate 2-1 over Tottenham Hotspur last Sunday. “But that's shut now, so hopefully we can just concentrate on the football and get the players playing as well as they can.”
Profile of VoucherSkout
Date of launch: November 2016
Founder: David Tobias
Based: Jumeirah Lake Towers
Sector: Technology
Size: 18 employees
Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake
Investors: Seed round was self-funded with “millions of dollars”
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Ruwais timeline
1971 Abu Dhabi National Oil Company established
1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants
1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed
1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.
1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex
2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea
2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd
2014 Ruwais 261-outlet shopping mall opens
2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies
2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export
2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.
2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery
2018 NMC Healthcare selected to manage operations of Ruwais Hospital
2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13
Source: The National
Company Profile
Name: JustClean
Based: Kuwait with offices in other GCC countries
Launch year: 2016
Number of employees: 130
Sector: online laundry service
Funding: $12.9m from Kuwait-based Faith Capital Holding
Company%20profile
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Kill%20Bill%20Volume%201
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MATCH INFO
Aston Villa 1 (Konsa 63')
Sheffield United 0
Red card: Jon Egan (Sheffield United)
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
ABU%20DHABI%20CARD
%3Cp%3E%3Cstrong%3E5pm%3A%20%3C%2Fstrong%3EWathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(Turf)%202%2C200m%0D%3Cbr%3E%3Cstrong%3E5.30pm%3C%2Fstrong%3E%3A%20Rub%20Al%20Khali%20%E2%80%93%20Maiden%20(PA)%20Dh80%2C000%20(T)%201%2C400m%0D%3Cbr%3E%3Cstrong%3E6pm%3A%20%3C%2Fstrong%3EAl%20Marmoom%20Desert%20%E2%80%93%20Maiden%20(PA)%20Dh80%2C000%20(T)%201%2C600m%0D%3Cbr%3E%3Cstrong%3E6.30pm%3A%20%3C%2Fstrong%3ELiwa%20Oasis%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C400m%0D%3Cbr%3E%3Cstrong%3E7pm%3A%20%3C%2Fstrong%3EAl%20Khatim%20Desert%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C600m%0D%3Cbr%3E%3Cstrong%3E7.30pm%3A%3C%2Fstrong%3E%20Al%20Quadra%20Desert%20%E2%80%93%20Handicap%20(TB)%20Dh80%2C000%20(T)%201%2C600m%3C%2Fp%3E%0A
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
Why seagrass matters
- Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
- Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
- Biodiversity: Support species like sea turtles, dugongs, and seabirds
- Coastal protection: Reduce erosion and improve water quality
Scoreline:
Everton 4
Richarlison 13'), Sigurdsson 28', Digne 56', Walcott 64'
Manchester United 0
Man of the match: Gylfi Sigurdsson (Everton)
Starring: Jamie Foxx, Angela Bassett, Tina Fey
Directed by: Pete Doctor
Rating: 4 stars
The Al Barzakh Festival takes place on Wednesday and Thursday at 7.30pm in the Red Theatre, NYUAD, Saadiyat Island. Tickets cost Dh105 for adults from platinumlist.net
MEFCC information
Tickets range from Dh110 for an advance single-day pass to Dh300 for a weekend pass at the door. VIP tickets have sold out. Visit www.mefcc.com to purchase tickets in advance.
Building boom turning to bust as Turkey's economy slows
Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.
Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.
The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.
After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.
The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.
The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.
But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.
It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.
Terminal High Altitude Area Defense (THAAD)
What is THAAD?
It is considered to be the US' most superior missile defence system.
Production:
It was first created in 2008.
Speed:
THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.
Abilities:
THAAD is designed to take out projectiles, namely ballistic missiles, as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".
Purpose:
To protect high-value strategic sites, such as airfields or population centres.
Range:
THAAD can target projectiles both inside and outside of the Earth's atmosphere, at an altitude of 93 miles above the Earth's surface.
Creators:
Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.
UAE and THAAD:
In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then deployed them in 2016, becoming the first Gulf country to do so.
Spec%20sheet
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In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
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