Yazeed Al-Rajhi and Timo Gottschalk took the lead in the Tabuk-Neom Rally after completing the opening 205 km stage in 1 hour, 58 minutes and 57 seconds. The pair, driving a Toyota Hilux, finished 19 minutes and 28 seconds ahead of their nearest rivals. Emirati rider Mohammed Al-Balooshi won the motorcycle stage, beating his brother Sultan by three minutes and four seconds. Dania Akeel was Al-Rajhi’s closest challenger in the T3 category, finishing second overall in her Can-Am Maverick X3. The event is organised by the Saudi Automobile and Motorcycle Federation with the Ministry of Sport, and is sponsored by Abdul Latif Jameel Motors and Saudi Investment Bank.
Friday, May 19, 2023
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Turkey’s Electoral Board Confirms Election Results; Erdogan Meets Third-Party Candidate.
ISTANBUL: Turkiye’s Supreme Election Board on Friday confirmed the results of the first round of Turkiye’s presidential election in which neither incumbent President Recep Tayyip Erdogan nor his main challenger, opposition leader Kemal Kilicdaroglu, receiving the majority support needed for an outright victory.
US Cop Charged for Allegedly Helping Proud Boys
The leader of a Washington, DC police intelligence unit faces allegations that he tipped off leader of far-right group.
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Oil prices rise as US debt default risk diminishes
SINGAPORE: Oil prices rebounded on Friday from losses of more than 1 percent the previous day as investors turned cautiously optimistic over the fading risk of a US debt default, according to Reuters.
Brent futures rose 59 cents, or 0.8 percent, to $76.45 a barrel by 7:20 a.m. Saudi time, while US West Texas Intermediate crude climbed 48 cents, or 0.7 percent, to $72.34.
US Debt Ceiling Hopes Boost Global Stocks to Monthly Highs
LONDON/SINGAPORE: Global shares hit a one-month high on Friday as markets reflected increased hopes of a US debt ceiling deal that could avoid a potentially calamitous default, according to Reuters.
Europe’s STOXX 600 was up 0.7 percent, while e-mini futures for the S&P 500 rose 0.2 percent, following a 0.9 percent gain for the benchmark Wall Street index overnight.
MSCI’s broadest index of global shares was up 0.2 percent, hitting its strongest level since mid-April and on course for its biggest weekly gain since late March.
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“Russian Ruble Gains Slightly Amid New Western Sanctions”
LONDON: The Russian ruble firmed on Friday, pushing back past the level of 80 to the US dollar, helped by higher oil prices but still hampered by reduced foreign currency supply and the latest Western sanctions, according to Reuters.
By 11:03 a.m. Saudi time, the ruble was 0.4 percent stronger against the dollar at 79.93, and had gained 0.4 percent to trade at 86.22 versus the euro. It had firmed 0.3 percent against the yuan to 11.37.
US Debt Ceiling Hopes Boost Global Stocks to Monthly Highs
LONDON/SINGAPORE: Global shares hit a one-month high on Friday as markets reflected increased hopes of a US debt ceiling deal that could avoid a potentially calamitous default, according to Reuters.
Europe’s STOXX 600 was up 0.7 percent, while e-mini futures for the S&P 500 rose 0.2 percent, following a 0.9 percent gain for the benchmark Wall Street index overnight.
MSCI’s broadest index of global shares was up 0.2 percent, hitting its strongest level since mid-April and on course for its biggest weekly gain since late March.
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