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PIF Ranks 7th Worldwide and Top in Mideast for High GSR Scores

RIYADH: Saudi Arabia’s Public Investment Fund ranked first in the Middle East region and seventh worldwide among 100 global state-owned funds for scoring high in governance, sustainability and resilience practices, according to the evaluation of the Global Sovereign Wealth Funds. Launched in 2020, the GSR scorecard is driven by an annual review of the best practices of the world’s top 100 funds, focusing on 25 elements — 10 of which are associated to governance and transparency, 10 to sustainability and responsible investing, and five to resilience and legitimacy. 

Iraq’s June oil revenues exceed $7 billion

RIYADH: The Iraqi Ministry of Oil announced on Saturday that oil export revenues during June exceeded $7 billion.    According to the State Organization for Marketing of Oil, the total exports of crude during June were nearly 100.06 million barrels, with revenues amounting to $7.11 billion.    SOMO data revealed that the total quantities of crude exported during June from oil fields in central and southern Iraq were 98.72 million barrels.     Oil exports from the Al-Qayyarah oil field in Nineveh governorate in northern Iraq were 1.03 million barrels.   

Nick Cassidy Triumphs in USA Formula E Race with Jake Dennis Leading Championship

Envision Racing’s Nick Cassidy on Saturday won the first-ever Southwire Portland E-Prix ahead of Avalanche Andretti Formula E Team driver Jake Dennis in second place, propelling the pair to the top of the world championship standings with Dennis leading Cassidy by a point. TAG Heuer Porsche’s Antonio Felix da Costa finished third while just seven seconds split the first 17 cars at the flag.

China’s Influence on Philippines: Can it Replace US?

China's top diplomat visits Manila as it carries out joint military drills with Washington.

Anwar faces balancing act on first China trip

Malaysian leader expected to navigate between deepening economic ties and tackling differences in talks with Xi Jinping.

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