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Business

Saudi EXIM Bank and NBB collaborate to enhance exports

RIYADH: Bilateral trade between Saudi Arabia and Bahrain is set to receive a further boost after banks from both sides entered into an agreement to offer competitive financing to firms involved in the import and export of goods.  According to a memorandum of understanding signed between the National Bank of Bahrain and the Saudi Export-Import Bank, also known as Saudi EXIM Bank, NBB will offer competitive financing rates to Bahraini companies importing goods from Saudi Arabia.  
Business

“King Abdulaziz Port Achieves Record Container Throughput of 206,415 TEUs”

RIYADH: Saudi Arabia’s quest to ramp up trade volumes has seen one of its major ports registering an unprecedented growth in cargo volume. The King Abdulaziz Port set a new container throughput record of handling 206,145 twenty-foot equivalent units in May 2023, according to data released by the Saudi Ports Authority, also known as Mawani. The Dammam port surpassed its previous record of 199,609 TEUs in August 2022.
sport

Saudi’s Abdullah Al-Qahtani Wins American Debut in PFL

Saudi Arabia’s Abdullah Al-Qahtani on Friday night claimed victory at his Professional Fighters League debut, which took place at the Overtime Elite Arena in Atlanta. Fighting in the featherweight division, “The Reaper” wasted no time in defeating his opponent, American Lamar Brown, via a face-crank submission in just 95 seconds.  
Business

Lockheed Martin sponsors 2024 Bahrain Airshow

LONDON: Lockheed Martin on Friday announced its participation in and sponsorship of the Bahrain International Airshow 2024. The company will have a stand in the exhibition hall and a dedicated chalet at the event. “A relationship spanning decades, Bahrain was the first country in the region to adopt Lockheed Martin’s F-16 aircraft, for the Royal Bahraini Air Force, and in early 2023 became the first country in the world to receive delivery of the first F-16 Block 70 fighter jet from the manufacturer,” UK-based airshow consultancy Farnborough International said.
sport

Abdullah Al-Qahtani to Make Professional Fighters League Debut in Atlanta, Saudi Arabia

On Friday night Abdullah Al-Qahtani will step into the ring in Atlanta proudly wearing Saudi Arabia’s colors on the international stage, in the most high-profile bout of his career. The 24-year-old fighter from Riyadh will take on Lamar Brown of the US at the Overtime Elite Arena in the Featherweight category of Professional Fighters League, which is second only to Ultimate Fighting Championship in popularity among mixed martial arts fans globally.
Business

“World Defense Show Expands with More Participating Nations: CEO Announces”

RIYADH: Saudi Arabia’s World Defense Show is set to get bigger in its second edition with a substantial increase in the number of participating countries, according to a top executive. The General Authority for Military Industries recently announced that the second edition of WDS will be held in Riyadh from Feb. 4-8, 2024. Speaking at the Paris Air Show, WDS CEO Andrew Pearcey revealed that Bahrain, Oman, Denmark and Turkiye had joined the event, adding to its growing popularity.
sport

“Teams pull out of Tour of Switzerland after Gino Maeder’s tragedy”

GENEVA: The Tudor Pro Cycling and Intermarche teams withdrew on Saturday from the Tour of Switzerland following the death of Swiss cyclist Gino Maeder. Maeder, who rode for Team Bahrain Victorious, fell into a ravine in the downhill finale of Thursday’s fifth stage and succumbed to his injuries aged 26 on Friday. His team withdrew on Friday and they were joined by Swiss outfit Tudor and Belgian rivals Intermarche prior to Saturday’s seventh stage.
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