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Yin Ruoning of China Wins Women’s PGA Championship

NEW YORK: China’s Yin Ruoning sank a 10-foot birdie putt on the final hole on Sunday to win the Women’s PGA Championship for her first major title. The 20-year-old from Shanghai fired a 4-under 67 to finish 72 holes at Baltusrol on 8-under 276 and defeat Japan’s Yuka Saso by one stroke. Yin took the $1.5 million top prize and became only the second woman from China to win a major title after Feng Shanshan, who captured the 2012 Women’s PGA crown.

Saudi main index ends week in red before Eid holidays

RIYADH: Saudi Arabia’s Tadawul All Share Index ended its trading on Thursday in the red, as it shed 7.19 points, or 0.06 percent, to close at 11,458.98.   The exchange will remain closed from June 23 as a part of the Eid Al-Adha holidays and trading will resume on July 2.   The total trading turnover of the benchmark index was SR6.33 billion ($1.69 billion) as 95 stocks advanced, while 124 retracted.   While the parallel market Nomu dropped by 1,118.48 points to close at 26,147.86, the MSCI Tadawul Index dipped slightly to end the day at 1,510.25.  

Encouragement for US Businesses to Invest More in Iraq

LONDON: American businesses are being encouraged to increase investment in Iraq as the country looks to move on from decades of devastation. Speaking to journalists, including Arab News, on Tuesday following a trip to Iraq, the special representative for commercial and business affairs at the US State Department said he is “very excited” at the opportunities to be part of the rebuilding of the country.

PIF’s Jada to Boost Saudi Arabia’s Startup Scene

CAIRO: Saudi Arabia’s startup landscape has received a significant push after a subsidiary of the Kingdom’s Public Investment Fund committed to investing in several venture capital vehicles. PIF’s Jada Fund of Funds Co. plans to invest an undisclosed amount in Bahrain-based Investcorp’s $500 million Saudi pre-initial public offering growth fund. The investment vehicle is exclusively focused on supporting a diverse range of companies based in Saudi Arabia during their pre-IPO stage.

Denver Nuggets Parade: Celebrating 1st NBA Championship Win

DENVER: Nikola Jokic rode atop a firetruck with people who mean the world to him — his teammate Jamal Murray, his family — and the NBA trophy. Jokic and the Denver Nuggets soaked in the moment and were soaked, too, by champagne spray Thursday during a downtown parade to celebrate their first NBA title. His young daughter, Ognjena, stole the show as she sat in front of him on the firetruck, at times wearing Jokic’s championship hat. Jokic turned in some big assists, too, shielding her from champagne showers.

“Nick Taylor: First Canadian Champion Since 1954 Wins Canadian Open in Playoff”

TORONTO: Nick Taylor became the first Canadian in 69 years to win his national open, holing a 72-foot eagle putt on the fourth playoff hole to beat Tommy Fleetwood in the RBC Canadian Open on Sunday. Taylor tossed his putter into the air and jumped into the arms of his caddie after the longest made putt of his PGA Tour career, and fellow Canadian players Mike Weir, Corey Conners and Adam Hadwin were among those who ran out to the green to congratulate him.

Saudi main index closes higher

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward trend for the second consecutive day, as reigning oil prices raised investor confidence.  On Monday, the benchmark index gained 71.63 points or 0.64 percent to close at 11,293.59.  The total trading turnover of the benchmark index was SR6.38 billion ($1.70 billion) as 125 listed stocks advanced, while 75 retreated. 

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