Neymar, the striker, has signed a five-year deal with Santos, his Brazilian Serie A club, spurning a reported offer from Chelsea. The 18-year-old sensation sidestepped Chelsea's reported initial offer of £20 million (Dh133m) and will instead keep his US$1.2m (Dh4.4m) per year deal with Santos. Everyone from football legend Pele to Mano Menezes, Brazil's new national coach, worked for the past few weeks to convince Neymar to stay in Brazil and hone his game. Meanwhile, Brazilian club Cruzeiro have signed Leonardo Sebastian Prediger, the Argentine midfielder, on a one-year loan from FC Porto.
The country's football federation has suspended Carlos Queiroz, the national coach, for one month after a disciplinary committee found him guilty of misconduct. Queiroz was ordered to pay ?1,000 after the committee ruled he insulted an anti-doping team ahead of the World Cup, and that his behaviour disrupted their work.
Panathinaikos, the Greek champions, kick off the league season against Xanthi next week with two new French signings joining France striker Djibril Cisse in their ranks. Jean-Alain Boumsong, a defender and Sidney Govou, a forward, both signed in the summer from Lyon to boost Nikos Nioplias's squad. Cisse scored 23 goals last season to lead Panathinaikos to their first league title in six years.
David Beckham is Major League Soccer's highest paid player, followed by Thierry Henry and Rafael Marquez, a report said. Beckham, who has not played for the Los Angeles Galaxy this season because of injury, will earn $6.5m. Henry and Marquez, who joined the New York Red Bulls from Barcelona following the World Cup, will earn $5.6m and $5.54m, respectively.
COMPANY%20PROFILE%20
Company%20profile
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
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
More on women's right
Test squad: Azhar Ali (captain), Abid Ali, Asad Shafiq, Babar Azam, Haris Sohail, Imam-ul-Haq, Imran Khan, Iftikhar Ahmed, Kashif Bhatti, Mohammad Abbas, Mohammad Rizwan(wicketkeeper), Musa Khan, Naseem Shah, Shaheen Afridi, Shan Masood, Yasir Shah
Twenty20 squad: Babar Azam (captain), Asif Ali, Fakhar Zaman, Haris Sohail, Iftikhar Ahmed, Imad Wasim, Imam-ul-Haq, Khushdil Shah, Mohammad Amir, Mohammad Hasnain, Mohammad Irfan, Mohammad Rizwan (wicketkeeper), Musa Khan, Shadab Khan, Usman Qadir, Wahab Riaz
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
How%20to%20avoid%20getting%20scammed
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How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
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COMPANY%20PROFILE
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Palestine and Israel - live updates
CHATGPT%20ENTERPRISE%20FEATURES
Company%C2%A0profile
Bharat
Director: Ali Abbas Zafar
Starring: Salman Khan, Katrina Kaif, Sunil Grover
Rating: 2.5 out of 5 stars
Iraq and the virus
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
COMPANY%20PROFILE
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
Killing of Qassem Suleimani
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Greatest Royal Rumble results
John Cena pinned Triple H in a singles match
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The Undertaker beats Rusev in a casket match
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Braun Strowman won the 50-man Royal Rumble by eliminating Big Cass last
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
THE SPECS
Engine: 1.5-litre, four-cylinder turbo
Transmission: seven-speed dual clutch automatic
Power: 169bhp
Torque: 250Nm
Price: Dh54,500
On sale: now
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Sally Rooney, Faber & Faber
