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Saudi Arabia’s NDMC Concludes $667m Sukuk Issuance in June

RIYADH: Saudi Arabia’s National Debt Management Center announced the closure of the riyal-denominated sukuk program issuance for June with the total bid amount received at SR2.5 billion ($667 million).    The total amount allocated was SR7.43 billion with the sukuk issuance divided into tranches — the first has a size of SR622 million maturing in 2030. The second tranche was valued at SR1.84 billion million maturing in 2035, the NDMC said in a statement   Also called an Islamic bond, sukuk is a debt product issued according to Shariah or Islamic laws.    
sport

Nelly Korda and Leona Maguire to impress fans at Aramco Team Series – London.

RIYADH: The highly anticipated Aramco Team Series presented by PIF – London has announced the participation of two of the world’s top golf players, Nelly Korda and Leona Maguire. Returning to the iconic Centurion Club, the event, taking place from July 14 to 16, will mark the third instalment of the global golf series.
Business

Thai Companies Eye $36 Million Investment in Saudi Arabia to Strengthen Business Ties

RIYADH: Thai companies are ready to invest a combined $36 million in Saudi Arabia, a senior figure from the Asian country’s business community has revealed as relations between the two nations continue to develop. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, revealed the figure during a meeting of the Saudi-Thai Business Forum in Riyadh, according to the Saudi Press Agency.
Business

“Bateel expands culinary offerings with new Bateel Bakery launch”

RIYADH: Bateel International has launched a new bakery which will feature food freshly prepared each day on the premises. The inaugural Bateel Bakery outlet has opened in Waitrose Khalifa City Community Centre, Abu Dhabi, with the first Dubai outlet set to launch this summer in DIFC’s Index Tower. According to a press release, every item on the menu – from single-origin coffees to organic breads, pastries, salads and sandwiches – is freshly prepared each day by the in-house team of bakers, chefs and baristas.
Business

UBS and Swiss Govt. Guarantee Credit Suisse Losses

ZURICH: UBS and the Swiss government signed on Friday an agreement to cover up to 9 billion Swiss francs ($10 billion) in losses from its emergency takeover of Credit Suisse, the country’s largest bank, Reuters reported. The deal comes with various conditions, including a requirement that UBS keeps its headquarters in Switzerland, the government said in a statement. The loss protection agreement will become effective with the completion of the Credit Suisse takeover, expected as early as June 12, UBS said in a separate statement.
sport

El Salvador stadium stampede: Arrest warrant for 5 people

SAN SALVADOR: El Salvador’s Public Prosecutor’s Office ordered the arrest of five people allegedly responsible for the weekend stampede at the Cuscatlan stadium in the country’s capital that left 12 fans dead during the second leg of the quarter-final playoffs between Alianza FC and Club Deportivo.
Business

Red Sea Global teams up with Virtuoso for global luxury travel agency outreach.

RIYADH: The Red Sea will have direct access to the best leisure travel agencies in the world as the multi-project developer, Red Sea Global, partners with global luxury travel group Virtuoso.    RSG’s flagship destination will join Virtuoso’s elite network of world-leading hotels, resorts, cruise lines, tour companies and other travel businesses when it opens its doors in 2023.   
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Lawyer warns arrest of Palestinian academic could set precedent for free speech in Israel

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LONDON: The lawyers for a Palestinian legal scholar arrested on April 17 have said her detention was “political” and could set a “precedent” for the treatment of academics and free speech in Israel. Prof. Nadera Shalhoub-Kevorkian, a leading feminist academic with roles at the Hebrew University of Jerusalem and Queen Mary, University of London, was arrested after appearing on a podcast in March in which she discussed her work on state crimes, genocide, violence and surveillance in the context of the war in Gaza.

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Lawyer warns arrest of Palestinian academic could set precedent for free speech in Israel

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LONDON: The lawyers for a Palestinian legal scholar arrested on April 17 have said her detention was “political” and could set a “precedent” for the treatment of academics and free speech in Israel. Prof. Nadera Shalhoub-Kevorkian, a leading feminist academic with roles at the Hebrew University of Jerusalem and Queen Mary, University of London, was arrested after appearing on a podcast in March in which she discussed her work on state crimes, genocide, violence and surveillance in the context of the war in Gaza.

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