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Biggest Weekly Gold Drop Since Feb Expected Due to Hawkish Fed

RIYADH: Gold prices were en route to their worst week since early February on Friday as the dollar strengthened after US Federal Reserve Chief Jerome Powell reiterated that more interest rate hikes were in the offing, according to Reuters. Spot gold was up 0.4 percent to $1,921.29 per ounce by 1543 p.m. Saudi time, yet stayed close to a three-month low hit earlier in the session. Prices are down 1.8 percent for the week. US gold futures gained 0.4 percent to $1,931.40.
Business

flynas signs $3.7bn deal with Airbus for 30 planes

RIYADH: Saudi Arabia’s budget airline flynas has signed a $3.73 billion agreement with Airbus to buy 30 aircraft, Saudi state TV reported on Monday. The deal was signed at the Paris Air Show by Bandar Al-Mohanna, flynas CEO and managing director, and Christian Scherer, Airbus chief commercial officer and head of international, in the presence of Saudi Minister of Transport and Logistics Saleh Al-Jasser, Abdulaziz Al-Duailej, president of General Authority of Civil Aviation, and Ayed Aljeaid, chairman of the board of NAS Holding.
sport

“DP World ILT20 Season 1: A Popular Choice for Cricket Fans”

Dubai: The inaugural edition of the UAE’s DP World ILT20 cricket league made great waves around the world as the Gulf Giants lifted the glittering trophy in the Feb. 12 final at the Dubai International Stadium. The tournament decider was played in front of a packed stadium as the James Vince-led Giants made history by becoming the first-ever champions of the UAE’s T20 league.
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.
sport

Wydad’s Late Goal Spoils Al-Ahly’s CAF Champions League Celebration

CAIRO: Al-Ahly took a small step toward an 11th continental title with a 2-1 win over Wydad AC in the first leg of the African Champions League final on Sunday but were left wondering what might have been. The Egyptians were looking good with a deserved two-goal lead before the Moroccans hit with a late goal, which means that next week’s second leg is very finely poised.
Opinions

Stop Using Explosive Weapons in Cities

Explosive weapons can be highly inaccurate and are not meant to be used in densely populated areas.
News

Dominic Raab: Rishi Sunak to Delay Decision on Bullying Report Today

The prime minister is still considering the inquiry's findings before deciding whether to sack Mr Raab.
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Feds Investigate UMass Amherst for Anti-Palestinian Bias

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The Department of Education is probing claims that the school discriminated against Palestinian and Arab students amid Israel’s war on Gaza.

The post “Kill All Arabs”: The Feds Are Investigating UMass Amherst for Anti-Palestinian Bias appeared first on The Intercept.

UK police arrest three over deaths of five in English Channel

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Deaths occurred when a small overcrowded boat carrying 112 people set out to cross the Channel and panic took hold.

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Kuwait Emir’s State Visit to Jordan | TOME

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AMMAN: The Emir of Kuwait Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah arrived in Amman on Tuesday for a two-day state visit to Jordan, the Kuwait News Agency reported. The emir’s aircraft was escorted by Royal Jordanian Air Force F-16 fighter jets as it entered Jordan’s airspace. Upon arrival at Marka Airport, he was warmly received by Jordan’s King Abdullah II and Crown Prince Al Hussein bin Abdullah.

Rafah evacuations not possible: Red Cross | TOME

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DUBAI: Humanitarian workers have no knowledge of plans to evacuate Palestinians from Gaza’s southernmost city ahead of an expected Israeli assault, but such a transfer would not be “possible” under current conditions, a Red Cross official told AFP on Tuesday. “The rumor is that the probability of a major operation in Rafah is increasing,” Fabrizio Carboni, Middle East regional director for the International Committee of the Red Cross (ICRC), said on the sidelines of an aid conference in the United Arab Emirates.

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Australia and Musk Clash Over Censorship

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Elon Musk and Australian Prime Minister Anthony Albanese clash over order to remove X posts on church stabbing.

Australia PM criticizes Musk’s X over stabbing video

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Anthony Albanese says decision to challenge takedown order for content related to church stabbing 'extraordinary'.

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