FTSE Russell, a global index provider of benchmarks, analytics, and data solutions, has announced the addition of five Saudi companies to its indices in its quarterly review. Luberef, Arabian Drilling, and Marafiq have been included in the FTSE Mid Cap Index and FTSE Global Equity Index, while Alsaif Gallery and 2P have become part of the FTSE Global Microcap Index Series and Global Equity Index All-Cap Index. The changes were originally scheduled to take effect on June 16 but will now be implemented on June 15 due to the original date falling on a Friday. Since opening its stock market to foreign investors in 2015, Saudi Arabia has introduced several reforms to make its capital markets more attractive to foreign investors and issuers as part of its plan to diversify the economy away from oil.
Friday, October 27, 2023
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Hamas Tunnel City: Gaza’s Hidden Frontline for Israel | TOME
JERUSALEM/LONDON: What lies in wait for Israeli ground troops in Gaza, security sources say, is a Hamas tunnel network hundreds of kilometers long and up to 80 meters deep, described by one freed hostage as “a spider’s web” and by one expert as the “Viet Cong times 10.”
The Palestinian Islamist group has different kinds of tunnels running beneath the sandy 360-sq-km coastal strip and its borders — including attack, smuggling, storage and operational burrows, Western and Middle East sources familiar with the matter said.
Football’s Betting Scandals: Hypocrisy Strikes Italy and Beyond | TOME
Football faces renewed criticism over its failure to address the problem and its partnerships with gambling companies.
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US Strikes Iranian Forces’ Sites in Syria: Pentagon
The US military launched airstrikes early Friday on two locations in eastern Syria linked to Iran’s Revolutionary Guard Corps, the Pentagon said, in retaliation for a slew of drone and missile attacks against US bases and personnel in the region that began early last week.
Lebanon Accuses Israel of ‘Scorched Earth’ Shelling | TOME
BEIRUT: Lebanese firefighters on Thursday were struggling to contain a series of night fires believed to have been started by Israeli phosphorus shells fired into forests and orchards near the country’s southern border.
Residents of the border town of Aita Al-Shaab urged UN peacekeeping forces, Lebanese troops and Civil Defense personnel to join in efforts to extinguish fires that have ravaged nearby farming land.
Eyewitnesses said the fires detonated land mines and cluster bombs left behind by Israeli bombardments.
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China Probes Foxconn’s Taxes and Land Use, Shares Slide | TOME
Apple supplier's shares dropped as much as 3 percent after report by China's state-owned Global Times.
Big Businesses Stay Silent on Israel-Hamas Conflict Amid Ukraine Outcry
Major brands that spoke out against Russia's invasion have been reluctant to weigh in on the Israel-Palestine conflict.
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