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Articles for tag: Arabia, buys, Cristiano, luxury, Ronaldo, Saudi, villas

December 24, 2025

News Desk

Cristiano Ronaldo “buys two luxury villas” in Saudi Arabia

Portugal’s Cristiano Ronaldo celebrates after the match. —Reuters/File Cristiano Ronaldo, soccer’s first billionaire, and his fiancee Georgina Rodriguez have reportedly bought luxury villas in Saudi Arabia’s Red Sea project, according to British media. According to the Daily Mailthe properties are located in Nujuma, a Ritz-Carlton resort developed by Red Sea Global, approximately 26 kilometers off the Saudi Arabian mainland and accessible only by charter boat or seaplane. Ronaldo and Rodriguez are among the first buyers of the ultra-luxurious mansions. Cristiano Ronaldo poses with his fiancee Georgia Rodrigues at the Ritz-Carlton Reserves Residence in Saudi Arabia. —Daily Mail Each villa at

August 26, 2025

News Desk

SBP buys $ 7.8 billion for 12 months

Karachi: The Pakistani State Bank (SBP) carried out net currency interventions of $ 7.8 billion between June 2024 and May 2025. “The central bank bought the foreign currency worth $ 522 million (US dollar) from the Forex Inter-Bank market in May 2025,” Topline Securities noted. This brings in the last 12 months (June 2024 to May 2025) intervention to $ 7.76 billion. These interventions have led to a total increase of $ 2.1 billion in the country’s currency reserves between June 2024 and May 2025, while the remaining amount was largely used for debt repayments, according to data compiled by

July 21, 2025

News Desk

Snoop Dogg buys a share at Welsh Football Club

LONDON: Snoop Dogg has become a co -owner of the Swansea City Championship in an unlikely alliance between the world of rap and football, the Welsh Club announced. The 53 -year -old American star joins the former Real Madrid finalist and the Croatian World Cup finalist Luka Modric in the structure of the club’s property. Snoop Dogg made a surprise appearance on the club’s social media channels last week, modeling his new jersey at home for the 2025-26 season and the Club announced on Thursday that it has become an investor. His participation comes after US businessmen Brett Cravatt and

Chinese defensive stocks are growing as Pakistan buys J-35 Stealth Jets

Listen to the article Chinese defense companies’ shares rose on Monday after reports on Pakistan’s plans to buy advanced j-35 stealth aircraft from China, according to one Bloomberg report. Avic Shenyang Aircraft Co., the J-35 manufacturer, hit the 10% of the Sangai Trade, expanding profits for a third straight session. Aerospace Nanhu Electronic Information Technology Co. He also saw an increase, increasing 15%. The fight followed a formal statement on social through Pakistan, confirming his intention to acquire the jets after weeks of informal reports. Pakistani officials said earlier that the pilots were already in China who were undergoing training

January 17, 2025

News Desk

Mike Tyson Buys $13 Million Florida Mansion After Jake Paul Defeat

Mike Tyson, the former undisputed heavyweight champion, is embracing life beyond the boxing ring with a lavish $13 million real estate purchase in Delray Beach, Florida. The move comes two months after his loss to Jake Paul at AT&T Stadium, a fight that marked the 58-year-old’s farewell to professional boxing. Tyson’s Nov. 15 fight drew a global audience, with 80,000 fans packing the stadium and 60 million tuning in on Netflix. Despite losing by unanimous decision to Paul, Tyson described the event as a personal victory, having overcome significant health challenges to enter the ring. “This is one of those

July 31, 2024

News Desk

Bape buys Caen from Ligue 2

FRANCE: France captain Kylian Mbappe has taken over as majority shareholder of Ligue 2 side Caen, Mbappe’s company Interconnected Ventures said in a statement on Wednesday. The new Real Madrid player, who came close to signing for Caen when he was younger, has acquired an 80% stake through Coalition Capital, the investment arm of Interconnected Ventures, replacing US investment fund Oaktree as the majority shareholder. No figure has been officially released, but French media reports put the buyout fee at 15-20 million euros ($16-21.6 million). “This transaction marks an important step in the club’s strategic development and reinforces its natural

June 1, 2024

News Desk

Turkish fintech buys SadaPay

KARACHI: A prominent Turkish fintech has acquired SadaPay – a growing digital payment platform in Pakistan, expanding its footprint in South Asia and Middle East regions. SadaPay founder and CEO Brandon Timinsky confirmed the development to the Express Tribune, saying that Turkey-based Unicorn Papara had “100% acquired” the Pakistani company. Although the Pakistan Electronic Money Institution (EMI) did not disclose the value of the transaction, it said that the company’s stakeholders will acquire shares in the Turkish firm. “It is a very positive result voted unanimously by SadaPay stakeholders. Owning shares in Papara is very attractive as it is a

April 26, 2024

News Desk

SBP buys over $5 billion from interbank

Islamabad: The central bank bought more than $5 billion from the market during this financial year, a record amount equal to two-thirds of Pakistan’s official foreign exchange reserves and also much higher than the size of the International Monetary Fund (IMF) bailout package ). While the central bank’s intervention has kept foreign reserves stable at $8 billion despite heavy debt repayments, it has also helped keep the value of the rupee low at Rs 278 to the dollar. In the absence of these interventions, the exchange rate should have been below Rs 250 to the dollar, according to independent analysts.

April 24, 2024

News Desk

SBP buys dollars to cover shortfall

Islamabad: Pakistan received $9.7 billion in foreign loans, or just over half of the annual estimate, in the first nine months of the current fiscal year as the government failed to convince international credit rating agencies to upgrade its junk rating country. The current financial year may end without any significant issuance of sovereign international bonds in Western markets and the acquisition of new commercial loans from abroad due to poor creditworthiness despite the “successful” completion of the International Monetary Fund (IMF) program. Data from the Department of Economic Affairs and the State Bank of Pakistan (SBP) showed that Pakistan

February 17, 2024

News Desk

SBP buys $2 billion from the market

design: mohsin alam Islamabad: The State Bank of Pakistan has bought over $2 billion from the interbank market in the past seven months with the aim of maintaining official foreign exchange reserves at current levels and also offsetting the impact of low foreign loan disbursements. Market purchases also helped meet the targets set by the International Monetary Fund on net international reserve requirements (NIR) and forward swaps, central bank sources said. Despite significant buying from the market, the rupee-dollar rate remained largely flat with the local currency strengthening to around Rs 279 to a dollar. The central bank avoids answering

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