Al Nassr's Joao Felix, left, scores his team's second goal during the Saudi Super Cup semi-final against Al Ittihad at the Hong Kong Stadium. AFP
Al Nassr's Joao Felix, left, scores his team's second goal during the Saudi Super Cup semi-final against Al Ittihad at the Hong Kong Stadium. AFP
Al Nassr's Joao Felix, left, scores his team's second goal during the Saudi Super Cup semi-final against Al Ittihad at the Hong Kong Stadium. AFP
Al Nassr's Joao Felix, left, scores his team's second goal during the Saudi Super Cup semi-final against Al Ittihad at the Hong Kong Stadium. AFP

Darwin Nunez and Joao Felix among new arrivals aiming for instant impact in Saudi Pro League


Ian Hawkey
  • English
  • Arabic

If there’s a common theme to the transfer strategies adopted by the main challengers to title-holders Al Ittihad ahead of the new Saudi Pro League, it’s in their chase for footballers with a winning habit.

Al Hilal, Al Nassr, Al Ahli and Al Qadsiah have all made high-profile swoops for players from the elite leagues of Europe who have claimed prestigious prizes in recent months.

Here’s five decorated newcomers set to shake up the SPL hierarchy.

Darwin Nunez, Al Hilal

Premier League winner 24-25 with Liverpool

The most goal-rich team of the last Saudi Pro League season have boosted their firepower with a striker who already boasts domestic titles in two continents and who is the regular spearhead for his national team, Uruguay.

At 26, Nunez should still have higher peaks to reach. But that's if he smoothes out some rough edges. The argument from Liverpool – who three years ago made Darwin the club’s then most expensive signing, paying €85m to Benfica – is that the forward still looks shy of the cool efficiency they wanted if he was to be a key part of the defence of their Premier League crown.

Nunez contributed significant, timely goals to Liverpool’s 2024/25 title, but was in and out of the starting XI and, after rejecting an approach from Al Nassr for him at the beginning of this year, Liverpool in July accepted that Al Hilal’s offer – in excess of €50m – would be useful in their own substantial summer recruitment.

He left Anfield with a sound enough record – a goal every 186 minutes on the pitch – but, playing alongside as supreme a finisher as Mohamed Salah, he could look a little hit-and-miss. As Arne Slot, the Liverpool manager, put it, Nunez is a forward who “has to be used in a certain way that involves the right timings, the right crosses, the right position to start from, making the right run.”

A project then, for Al Hilal head coach Simone Inzaghi, who has been encouraged by Nunez’s showings in pre-season and has the personnel, in Salem Al Dawsari and the newly arrived attacking left-back Theo Hernandez, to supply the right crosses – if and when the big, feisty Uruguayan is making the right runs.

Joao Felix, Al Nassr

Uefa Nations League winner 2024/25 with Portugal

No footballer of 25 or younger has ever had so much invested in him in transfer fees as Joao Felix. Whether his levels of performance have justified some of those hefty outlays is a matter of debate. The verdict from Chelsea, who sold him to Al Nassr, might be unflattering; the judgement from Atletico Madrid, who made him the most expensive teenager to move across leagues in 2019, would be more nuanced.

Joao Felix’s creative flair helped win Atletico a Spanish title. A falling-out, centred on tactics, with Atletico coach Diego Simeone later set in motion a hop-scotch journey in which Joao Felix’s quick feet and eye-of-a-needle passes have benefited a succession of superclubs only intermittently.

Chelsea had him for two spells, he spent a season each on loan at Barcelona and AC Milan. When he returned from Italy to London this summer, Chelsea made it clear he should seek a new path, Al Nassr paying around €30m for a player who six years earlier had moved from Benfica to Atletico for more than four times as much.

The good news? He’s entitled to believe that, at 25, his best years are to come. Portuguese compatriots still back him, too. Joao Felix has joined the club of Cristiano Ronaldo, whose blessing for any major signing at Al Nassr can be assumed, and will be working under Jorge Jesus, one of Portugal’s most worldly and decorated coaches.

And he’s just won his second Uefa Nations title, albeit from the fringes of the Portugal first team. He wants his Saudi Pro League reboot to push him back up the national side’s hierarchy in time for the 2026 World Cup.

Enzo Millot, Al Ahli

German Cup winner 2024/25 with Stuttgart

Barely 12 months ago, Enzo Millot was scoring the opening goal in an Olympic Games final for France in Paris, selected in coach Thierry Henry’s starting side against Spain ahead of the gifted Paris Saint-Germain prodigy Desire Doue and of Rayan Cherki, new star of Manchester City. There you have a tableau of how highly Millot, captured by Al Ahli amid great competition for his signature from major European clubs, is prized in French football.

The player, having observed in examples such as Al Ittihad’s N’Golo Kante that a move to the Saudi Pro League need not mean disappearing from the radar of France head coach Didier Deschamps, intends to combine his ambition of making Les Bleus’ World Cup squad with stamping his imprint the new Asian club champions.

He is a footballer of nimble dribbles and tricks and a cool finish, as he demonstrated guiding Vfb Stuttgart, whom he joined from Monaco aged 19, to triumph in last season’s German Cup. He scored twice in the final, his second goal, the fourth in a 4-2 win over Arminia Bielefeld, a classy mix of alert pressing and elegant placement.

“He’s a young man with exceptional qualities,” said his coach at Stuttgart, Sebastian Hoeness, as Millot began to attract attention from superclubs elsewhere. Atletico Madrid believed, up until the end of July, they had persuaded the attacking midfielder to be included in their high-spend summer of acquisitions. He had been linked with Tottenham Hotspur. Al Ahli’s gazumping of those suitors represents a coup, a statement given Millot’s age, just 23, and his status within an excellent generation of rising French talents. He has started well, too, making his mark in Al Ahli’s triumph in the Saudi Super Cup.

Mateo Retegui, Al Qadsiah

Serie A capocannoniere (top scorer) 2024/25 with Atalanta

Perhaps the most eye-catching recruit so far in the Saudi Pro League’s summer transfer window, Retegui has joined not a traditional heavyweight but an upwardly mobile disruptor. The fee Al Qadsiah committed to Atalanta – over €68m – for the 26-year-old striker speaks of the ambition of the club.

What they get for their money is the first-choice centre-forward for the Italy national team, or at least that is what Mateo Retegui has become in the two-and-a-half zig-zag years in which he was transformed from mid-table also-ran in Argentina football to hotshot finisher in Serie A, a league with a historic fame for being among the very hardest to score in, because of its high defensive standards. Retegui struck 25 goals in 36 Serie A games in 2024/25 and directly assisted in eight more goals for teammates.

He has a hard act to follow in that, in their first season promoted back to the Saudi top division, Al Qadsiah owed a great deal to Pierre-Emerick Aubameyang’s savvy up front. Aubameyang is now at Olympique Marseille, but, in Retegui, head coach Michel has a marksman who, at 26, is10 years younger than ‘Auba’. And Retegui’s rare backstory should persuade that he is worldly enough to adapt quickly to a new country.

He was born in Argentina, suffered rejection from the biggest clubs there before finding his productive niche at Tigre. And while the Argentina national coaches paid little attention to him, the then Italy manager, Roberto Mancini, altered to the fact Retegui had Italian ancestry and the right to citizenship, called him up in 2023. The rest is history. He shone on his Azzurri debut, kept his place under Mancini’s successor, Luciano Spalletti, joined Genoa, then Atalanta and was being chased by AC Milan when Al Qadsiah stepped in.

Inigo Martinez, Al Nassr

La Liga and Spanish Cup winner 2024/25 with Barcelona

It was with great reluctance that the Spanish champions, Barcelona, said adios to a hero of their exciting 2024/25. “Outstanding as a footballer and as a person, it’s been a pleasure to be his coach,” said Hansi Flick of Martinez, Flick having overseen a young Barca team’s claiming all three domestic titles.

But the coach was always at pains to point out that his youngsters relied on the odd veteran: Martinez had been vital for his courage and knowhow at the centre of a defence which, opting to play in a daring high line, required rigour and superb organisation so they got the geometry of their positioning exactly right.

Martinez, 34, a Spain international who spent most of his club career at Real Sociedad and Athletic Bilbao in his native Basque Country, had been a key figure in that. “He was very important for all the other players,” said Flick, “He took on our philosophy and was one of our leaders, with his intensity, his desire and his strength.” He could have added that Martinez is a useful target man at attacking set-pieces.

Barcelona had, a year ago, agreed that if an attractive offer came to Martinez, they would let him leave without a fee. Flick would have had it otherwise, but Martinez wanted to try playing abroad. Barca also appreciated that taking his salary off their wage bill would help them register a summer recruit or two and keep within La Liga’s Financial Fair-Play allowances, which, given Barcelona’s accumulated debt, impose tight restrictions on the club’s operating budget.

Martinez will be missed in Catalonia. But Al Nassr have a warrior for their back line and a wise influence on the dressing room.

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

GROUPS AND FIXTURES

Group A
UAE, Italy, Japan, Spain

Group B
Egypt, Iran, Mexico, Russia

Tuesday
4.15pm
: Italy v Japan
5.30pm: Spain v UAE
6.45pm: Egypt v Russia
8pm: Iran v Mexico

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

Racecard

7pm: Abu Dhabi - Conditions (PA) Dh 80,000 (Dirt) 1,600m

7.30pm: Dubai - Maiden (TB) Dh82,500 (D) 1,400m

8pm: Sharjah - Maiden (TB) Dh82,500 (D) 1,600m

8.30pm: Ajman - Handicap (TB) Dh82,500 (D) 2,200m

9pm: Umm Al Quwain - The Entisar - Listed (TB) Dh132,500 (D) 2,000m

9.30pm: Ras Al Khaimah - Rated Conditions (TB) Dh95,000 (D) 1,600m

10pm: Fujairah - Handicap (TB) Dh87,500 (D) 1,200m

UAE currency: the story behind the money in your pockets

Profile of MoneyFellows

Founder: Ahmed Wadi

Launched: 2016

Employees: 76

Financing stage: Series A ($4 million)

Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Results

2pm: Serve U – Maiden (TB) Dh60,000 (Dirt) 1,400m; Winner: Violent Justice, Pat Dobbs (jockey), Doug Watson (trainer)

2.30pm: Al Shafar Investment – Conditions (TB) Dh100,000 (D) 1,400m; Winner: Desert Wisdom, Bernardo Pinheiro, Ahmed Al Shemaili

3pm: Commercial Bank of Dubai – Handicap (TB) Dh68,000 (D) 1,200m; Winner: Fawaareq, Sam Hitchcott, Doug Watson

3.30pm: Shadwell – Rated Conditions (TB) Dh100,000 (D) 1,600m; Winner: Down On Da Bayou, Xavier Ziani, Salem bin Ghadayer

4pm: Dubai Real Estate Centre – Maiden (TB) Dh60,000 (D) 1,600m; Winner: Rakeez, Patrick Cosgrave, Bhupat Seemar

4.30pm: Al Redha Insurance Brokers – Handicap (TB) Dh78,000 (D) 1,800m; Winner: Capla Crusader, Bernardo Pinheiro, Rashed Bouresly

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cylinder%20turbo%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E680hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C020Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EEarly%202024%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh530%2C000%20(estimate)%3C%2Fp%3E%0A
Traces%20of%20Enayat
%3Cp%3E%3Cstrong%3EAuthor%3A%3C%2Fstrong%3E%20Iman%20Mersal%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20And%20Other%20Stories%3Cbr%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20240%3C%2Fp%3E%0A
Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%2C%20flat%20six-cylinder%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3Eseven-speed%20PDK%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E510hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E470Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh634%2C200%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A

The Sky Is Pink

Director: Shonali Bose

Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf

Three stars

The%C2%A0specs%20
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Updated: October 30, 2025, 1:23 PM