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“UK Business Secretary Optimistic about GCC-UK Free Trade Deal Progress”

RIYADH: Recently appointed British Secretary of State for Business and Trade Kemi Badenoch has highlighted the progress being made in Gulf Cooperation Council-UK free trade agreement negotiations. The politician made her comments during a visit to Riyadh on Wednesday as part of a five-day tour of GCC member states. She told Arab News: “We are very excited about the GCC-UK free trade agreement. We think that it could be really groundbreaking and set a precedent for what the GCC does with the rest of the world.”
Business

Saudi VC invests $7.5m in SMEs and startups

RIYADH: Entrepreneurs in Saudi Arabia are set to benefit from an investment of $7.5 million by Saudi Venture Capital into a fund aimed at helping early and late-stage startups.  The fund is managed by Endeavor Catalyst, the investment arm of Endeavor Global. The investment is part of SVC’s drive to inject $1.6 billion into startups and small and medium enterprises. SVC is a subsidiary of SME Bank, one of the development banks affiliated with the National Development Fund.
sport

New deal boosts UAE’s e-gaming industry

DUBAI: Abu Dhabi Entertainment Company has signed a deal with PRO Events to launch e-gaming and e-sports events in Abu Dhabi and Al-Ain. The Memorandum of Understanding also leverages both organizations’ talents and resources to help expand the regions’ sports, e-sports and leisure sectors, Emirates News Agency reported on Thursday.   Khalid Al Mutawa, Acting Chief Executive Officer of ADEC, and Rashed Abdulla, General Manager of PRO Events, signed the agreement.
Business

Saudi Arabia and Azerbaijan sign energy deal

RIYADH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman met his Azerbaijani counterpart Parviz Shahbazov on Wednesday to discuss bilateral cooperation in the fields of energy, including renewables, Saudi Press Agency reported. During the meeting, the pair signed an energy cooperation agreement covering oil, petrochemicals, gas, electricity and energy efficiency. The deal also outlines cooperation in the field of circular carbon economy and related technologies that seek to mitigate the impact of climate change.
sport

LeBron James Shifts Focus from Loss to Retirement as Media Master

LeBron James, renowned as the court’s King, has once again exhibited his mastery in controlling the media narrative. Despite the Los Angeles Lakers’ 4-0 series loss to the Denver Nuggets, James skillfully steered attention toward retirement during the post-game press conference following the decisive fourth game. This strategic maneuver distracted from the Lakers’ defeat and the outstanding performance by Nikola Jokic and the Nuggets.
sport

Greek Cup Final: Police Ban Traveling Fans Due to Violence Concerns

ATHENS: Police have issued a ban on traveling fans ahead of the Greek Cup final later on Wednesday because of fears of violence, despite an order for the match to be played without supporters in the stadium. League champion AEK Athens face PAOK in the central city of Volos after the authorities took several months to find a venue. Regional police chief Giorgis Dizes thanked the two clubs for publicly requesting that fans respect the ban.
Business

Abu Dhabi and Kuala Lumpur to Begin Talks on Bilateral Trade Deal in UAE

RIYADH: The UAE and Malaysia have agreed to negotiate a Comprehensive Economic Partnership Agreement, the two countries said on Tuesday. It is a type of bilateral trade deal the UAE has been pursuing with various countries since 2021.  The agreement will cover trade in goods and services, investments, economic cooperation, Malaysia’s Trade Ministry said in a statement.
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