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Business

UK Low-Carbon Startup Receives $22.7M Investment from Aramco, Eni, and United Airlines

RIYADH: The aviation industry’s efforts to develop low-carbon fuel at affordable cost received a boost after a deal was struck to invest $22.7 million into a UK startup working in clean energy technology.  The venture units of oil firms Saudi Arabian Oil Co. and Italy’s Eni have partnered with United Airlines to invest the amount into OXCCU, a company spun out from the University of Oxford.
Business

Saudi Energy Minister Says OPEC is Proactively Preemptive – CNBC

VIENNA: Defending the decisions made by the oil producers’ alliance, Saudi Energy Minister Prince Abdulaziz bin Salman stressed the need to “trust OPEC+” which he described as “the most effective international organization” working to restore market stability. Talking to CNBC International’s Dan Murphy on Sunday, the energy minister said the voluntary oil output cuts announced by the Organization of the Petroleum Exporting Countries and its allies including Russia, also known as OPEC+, were precautionary measures.
Business

Saudi main index closes steady with $1.34m trading turnover

RIYADH: Saudi Arabia’s Tadawul All Share Index was steady on Thursday, as it edged up 0.82 points, or 0.01 percent, to close at 11,014.95.   A day earlier, the benchmark index had shed 125.85 points, primarily driven by a fall in oil prices.   While parallel market Nomu gained 134 points to close at 21,415.33, the MSCI Tadawul Index shed 5.73 points to 1,458.68.   The total trading turnover of the benchmark index was SR5.03 billion ($1.34 billion) as 113 stocks advanced, while 100 retreated. 
Business

Saudi Arabia’s Healthcare Industry Goes Digital

CAIRO: Saudi Arabia is leading the digitalization wave in the wellness space by improving quality care, patient experience, and sustainable health development on par with the best in the world. The Kingdom aims to restructure the health sector by enhancing its capabilities as an effective, integrated, value-based ecosystem focused on the patient’s health.
Business

Aramco Names New Heads for Upstream and Downstream Businesses

RIYADH: Saudi Arabian Oil Co. has named new presidents for its upstream and downstream businesses as the oil giant looks to materialize its long-term strategies across the global portfolio and value chain.    According to a press statement, Saudi Aramco has appointed Nasir K. Al-Naimi as the president of its upstream business and Mohammed Y. Al-Qahtani as the president of the downstream business.    The company’s board has approved the newly created positions and appointments of directors, and the changes will be effective from July 1, 2023.   
Opinions

Boosting African Childhood Immunisation Coverage is Vital

African leaders must not allow children to miss out on life-saving vaccinations.
Opinions

Sex Ed: The Key to a Better Future

CSE empowers young people and adolescents to know their rights, make healthy choices, stay in school and flourish.
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Russia-Ukraine Conflict: Key Events, Day 802 | TOME

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Russia-Ukraine Conflict: Key Events, Day 802 | TOME

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Netanyahu uses Holocaust ceremony to deflect Gaza offensive criticism

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JERUSALEM: Israeli Prime Minister Benjamin Netanyahu on Sunday rejected international pressure to halt the war in Gaza in a fiery speech marking the country’s annual Holocaust memorial day, declaring: “If Israel is forced to stand alone, Israel will stand alone.” The message, delivered in a setting that typically avoids politics, was aimed at the growing chorus of world leaders who have criticized the heavy toll caused by Israel’s military offensive against Hamas militants and have urged the sides to agree to a ceasefire.

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KFC Malaysia closes outlets amid Gaza boycott

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Franchise operator cites 'challenging economic conditions' amid local reports linking closures to boycotts of Israel.

New Generation of Organized Labor Rises in US

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