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Steven Gerrard appointed as head coach of Al-Ettifaq

RIYADH: Former Liverpool captain Steven Gerrard is the latest star name to make the move to Saudi Arabia after signing a deal to become head coach of Al-Ettifaq. The 43-year-old has been out of the game since being sacked by Aston Villa in October. “Where legends are found. We’re thrilled to announce Steven Gerrard is our new head coach,” the club said in a post on Twitter. Where legends are found
Business

“Bahrain invests $1.3bn in UK economy: Key deals signed”

LONDON: Bahrain has signed a memorandum of understanding for strategic investments and collaborations with Britain that will see the Gulf state’s private sector invest 1 billion pounds ($1.3 billion) in Britain, the Bahraini crown prince’s social media account said on Monday. The investments will be through Bahraini sovereign wealth fund Mumtalakat, Investcorp, GFH Financial Group, and Osool Asset Management.
Business

Saudi Arabia and UAE pledge $6bn for Iraq investment support

RIYADH: Saudi Arabia and the UAE have committed to allocate $6 billion for expanding international trade and investment in Iraq, reported Iraqi News Agency.  On Sunday, the Federation of Iraqi Chambers of Commerce announced that it also agreed to set up business councils of the Kingdom and the UAE in the country.   “The UAE and Saudi Arabia deposited $3 billion each to support their operations in Iraq, which include trade and investment activities,” said FICC President Abdel Razzak Al-Zouhairy.  
Business

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. 
Business

Saudi Arabia seeks to enhance partnerships with Hong Kong and China

LONDON: Saudi Arabia is keen to strengthen its cooperation with Hong Kong and ultimately mainland China, the Kingdom’s minister of communications and IT said on Sunday. Speaking at the “One Gateway Shared Vision — Hong Kong x Saudi Arabia” event in the city, Abdullah Al-Swaha said closer collaboration would help boost the Kingdom’s Vision 2030 reform agenda, the South China Morning Post reported.
Business

Saudi Communications Minister strengthens tech partnerships with China

RIYADH: In an effort to boost Saudi-Chinese relations, the Kingdom’s minister of communications and information technology, Abdullah Al-Swaha, began an official visit to China to meet government officials and leaders, the Saudi Press Agency reported.   The minister held meetings with his Chinese counterpart as well as several other officials to enhance partnerships and attract more technological investments into the Kingdom.  
Business

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.   
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US-led coalition downs Houthi missile and drones in Red Sea

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ATHENS: A Greek military vessel serving in the European Union’s naval mission in the Red Sea intercepted two drones launched by Yemen’s Houthi militants toward a commercial ship, officials at the Greek Defense Ministry said on Thursday. “On Thursday morning Greek frigate Hydra, while it was escorting a merchant ship in the Gulf of Aden, fired at two drones,” an official told Reuters. “It destroyed one while the second moved away,” he added. Another defense official confirmed the details of the incident.

Yemen’s Houthis Attack US and Israeli Vessels as Warships Defend | TOME

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New attack comes two weeks after Iran-aligned group said it targeted three vessels and a US warship.

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US Sends Long-Range ATACMS Weapons to Ukraine

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The weapons, which can hit targets as far as 300km (186 miles) away, have been used twice already.

Russia-Ukraine War: Key Events, Day 791 | TOME

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As the war enters its 791st day, these are the main developments.

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China concerned over EU raids on security equipment company

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Diplomatic mission condemns raids on Dutch and Polish offices of Chinese company Nuctech.

Solomon Islands Support for US Agency’s Return Revealed

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Peace Corps found 'overwhelming support and enthusiasm' for return to Pacific island nation, report shows.

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