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Prince Fahd bin Jalawi elected president of Asian Triathlon Federation

The 31st General Assembly of the Asian Triathlon Confederation unanimously elected Prince Fahd bin Jalawi bin Abdulaziz bin Musaed as president for the next four years, the second Saudi sports figure to head the continental Olympic sports federation. The announcement came during the meeting of the General Assembly, which was held on June 23 in Tokyo in the presence of Eng. Ali Maqbool, president of the Saudi Triathlon Federation, and Joud Jamjoom, his deputy, along with 34 heads from Asia Triathlon’s national federations.
Business

Real Estate Fund Plans to Construct 100+ Housing Units in Riyadh

RIYADH: In a bid to contribute to the housing supply and boost the real estate development efforts in Saudi Arabia, Arjan Architects and Bloominvest have joined forces to build more than 100 housing units in northern Riyadh.   The two parties established a joint real estate investment fund called Arjan Al-Maghamis which aims to develop a land area exceeding 30,000 sq. meters in the Kingdom’s capital, Al-Ekhbariya reported.  
Business

Lifera by PIF: Boosting Pharma Manufacturing in the Kingdom

RIYADH: Saudi Arabia’s sovereign wealth fund on Sunday launched a commercial-scale contract development and manufacturing organization, Lifera, to help boost the local biopharmaceutical industry. The pharmaceutical investment company aims to focus on manufacturing life-saving and essential pharmaceutical products, including insulins, vaccines, plasma therapeutics, monoclonal antibodies, cell and gene therapies, and innovative small molecules, said an official statement. It seeks to bolster Saudi Arabia’s position as a global pharmaceutical manufacturing destination.
Business

Russian-UAE Economic Cooperation Praised at SPIEF

ST. PETERSBURG: Russian firms are keen to develop further ties with the UAE, the country’s deputy prime minister has insisted in a speech lauding economic links between the two nations. Speaking at the St. Petersburg International Economic Forum, Denis Manturov — also Russia’s industry and trade minister — noted the special nature of Russian-Emirati relations, which includes strong ties of friendship and a rich history of cooperation based on the principles of mutual respect and trust.
sport

Manchester City crowned European football royalty in Istanbul

ISTANBUL: In the presence of the UAE leadership, Manchester City joined footballing royalty as they became the kings of Europe. Finally, they had their Champions League — the trophy craved by their Abu Dhabi owners, manager Pep Guardiola, players and fans. A tense 1-0 win over Inter Milan in Istanbul confirmed their status as Europe’s elite club for the first time — and sealed a famous Treble, having already won the Premier League and FA Cup this season.
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

Russia seeks trade show opportunities in Riyadh

RIYADH: Saudi Arabia and Russia’s bilateral economic ties are set to get a new boost as the Kingdom is hosting the Made in Russia +Innoprom business mission in Riyadh on May 29 and 30.  In an interview with Arab News, Anton Atrashkin, program director of the Innoprom International Trade Show, said that more than 100 Russian companies would be a part of the event to be held in Riyadh.  The delegation will be led by Russia’s Deputy Minister of Industry and Trade Alexei Gruzdev. 
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Global response to Israel’s alleged attack on Iran

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PARIS: Here are some international reactions Friday after Israel’s reported attack on the Iranian province of Isfahan, where it has military bases and nuclear facilities: UN SECRETARY-GENERAL ANTONIO GUTERRES UN Secretary-General Antonio Guterres reiterated that it was “high time to stop the dangerous cycle of retaliation in the Middle East,” his spokesperson said in a statement.

Croatia’s top court blocks President Milanovic from becoming prime minister

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Constitutional Court says Zoran Milanovic cannot take up PM post because he did not first step down as president.

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Israeli Missiles Strike Site in Iran, Explosions Heard in Isfahan: Report

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ABC News reports missiles striking a target in Iran, with Iran's state TV reporting explosions in Isfahan.

Video shows Ukrainian downing of Russian bomber in Russia

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The Ukrainian military says it shot down a Russian Tu-22M3 long-range bomber over Russian territory. Russia denies this,

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Google Fires 28 Staff for Protesting Cloud Contract with Israel

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Apple invests in Vietnam as Tim Cook visits Hanoi

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