Saïd Benrahma leaves Lyon for Neom
Lyon have revealed that they will receive €15m (including bonuses) from Neom for the Algerian international. A valued windfall with the club currently in an economic crisis, needing to prove to French football's financial watchdog that it has the funds to sustain itself for next season or face relegation to Ligue 2.
Advertisement
It's been a successful spell in the Gulf state for Benrahma, who scored 7 in 16 appearances in the Saudi Arabian second division, helping the club to their goal of winning promotion to the Saudi Pro League. Next season, he'll be joined by some familiar faces, with former Lyon teammate Alexandre Lacazette arriving at the club, while OGC Nice goalkeeper Marcin Bulka is also expected to join the two former Ligue 1 players.
GFFN | Nick Hartland
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
OPEC+ Considers Adding More Than 411,000 Barrels on Saturday
(Bloomberg) -- OPEC+ is considering accelerating its oil production revival even more rapidly than expected during a virtual meeting on Saturday, delegates said. Foreign Buyers Swoop on Cape Town Homes, Pricing Out Locals Massachusetts to Follow NYC in Making Landlords Pay Broker Fees NYC Commutes Resume After Midtown Bus Terminal Crash Chaos Struggling Downtowns Are Looking to Lure New Crowds What Gothenburg Got Out of Congestion Pricing Saudi Arabia has guided the Organization of the Petroleum Exporting Countries to increase supplies by 411,000 barrels a day over the past three months, and the group is now weighing an even bigger boost in August. The assertive strategy — allowing the group to reclaim market share from non-OPEC+ producers — comes despite the risk of a global oversupply that could further pressure prices. Oil's recent decline offers a win for President Donald Trump, who sees lower prices as a way to ease costs for inflation-hit consumers. Eight key alliance members are now weighing a boost of over 500,000 barrels per day, according to one delegate. That would allow OPEC+ to complete the return of 2.2 million barrels a day of previously halted output by September — earlier than originally planned, another said. They requested anonymity as the discussions are private. Brent futures hovered near $68 a barrel in London on Friday, down 13% over the past two weeks. A shift from open conflict between Israel and oil heavyweight Iran to a fragile truce has left Middle Eastern energy exports largely unaffected. 'With OPEC+ having pivoted to a market share over a price defence strategy, it may be pointless to keep a notional voluntary cut in place,' said Harry Tchilinguirian, group head of research at Onyx Capital Group. 'It could be best to get it over faster, and simply move on.' Since April, OPEC and its partners have pivoted from years of output restraint to reopening the taps, surprising crude traders and raising questions about the group's long-term strategy. Saturday's video conference was moved up by a day for scheduling reasons. Delegates cited a range of motivations for the shift: accommodating peak summer fuel demand, curbing overproduction by some members, and clawing back market share from rivals like U.S. shale producers. Officials say Riyadh is especially eager to restart idled output as quickly as possible. The additional barrels may be welcomed by President Trump, who has consistently pushed for lower oil prices to support the U.S. economy and tame inflation, while pressuring the Federal Reserve to reduce interest rates. Still, the ramp-up risks deepening a developing supply surplus, potentially driving prices to levels that could financially strain producers. Global oil inventories have been rising at a pace of about 1 million barrels per day in recent months, as Chinese demand cools and production climbs across the Americas—from the U.S. and Guyana to Canada and Brazil. The International Energy Agency projects a sizable market surplus later this year. Wall Street firms including JPMorgan Chase & Co. and Goldman Sachs Group Inc. forecast that prices may drop to $60 a barrel, or lower, by the fourth is considering accelerating its oil production revival even more rapidly than expected during a virtual meeting on Saturday, delegates said. (Updates with detail throughout.) SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too America's Top Consumer-Sentiment Economist Is Worried For Brazil's Criminals, Coffee Beans Are the Target How to Steal a House Sperm Freezing Is a New Hot Market for Startups ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
2 hours ago
- Bloomberg
OPEC+ Considers Adding More than 411,000 Barrels on Saturday
OPEC + is considering speeding up its oil production revival even further, and will discuss a hike of more than 411,000 barrels a day for August at a meeting on Saturday, delegates said. Saudi Arabia is steering the Organization of the Petroleum Exporting Countries to ramp up supplies faster than planned, even as faltering consumption and an impending surplus pressure prices. Oil's retreat presents a boon for President Donald Trump as he seeks to rein in costs for squeezed consumers.
CNN
4 hours ago
- CNN
Green energy, a trillion-dollar fund, and rocket science
In this week's business headlines from the Middle East, the UK invests $300 million in Egypt's green energy, Saudi Arabia's Public Investment Fund hits $1 trillion in assets, and a new partnership plans to build a rocket in the UAE.
