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Chaldean: Juddmonte’s New Trainer for Royal Ascot

LONDON: Trainer Andrew Balding is hoping Chaldean can notch up another win for Saudi-owned Juddmonte this season at Royal Ascot and continue the work started four decades ago by late founder Prince Khalid bin Abdullah. The Saudi businessman, whose son Prince Saud has taken up the Juddmonte reins, first tasted success at Ascot in 1979 when Abeer won the Queen Mary Stakes at the meeting.

Latvia prioritizes Saudi Arabia as a key market, confirms minister for economics

RIYADH: Latvia is eager to strengthen trade ties with Saudi Arabia, allowing Latvian companies to contribute to the Kingdom’s Vision 2030 social reform and economic diversification agenda, Ilze Indriksone, Latvia’s minister for economics, has told Arab News. Speaking after the conclusion of the Saudi-Latvian Business Forum in Riyadh earlier this month, Indriksone emphasized the need to expand economic cooperation, boost bilateral trade, and increase investment in research, development and technology. 

Egypt seeks to join BRICS, confirms Russian ambassador

RIYADH: In a bid to enhance trade and economic cooperation, Egypt has officially applied to join the five-member BRICS bloc of emerging economies, according to Georgy Borizenko, the Russian ambassador to Cairo.  The BRICS group comprises Brazil, Russia, India, China and South Africa. “Egypt has applied to join the BRICS group because one of the initiatives that BRICS is currently engaged in is the maximum transfer of trade to alternative currencies, whether national or the creation of some kind of joint currency. Egypt is very interested in this,” said Borizenko. 

Saudi start-up wins Visa award for digital finance

RIYADH: A Riyadh start-up has won top prize in a Visa-sponsored competition that seeks to improve digital shopping. Amwal Tech, which was set up last year, came top in the Saudi heat of the Visa Everywhere Initiative, taking a SR150,000 ($40,000) prize for its all-in-one encrypted transaction and identity app that processes payments quickly and safely. Lamaa, a Saudi financial tech firm, was runner-up with prize money of SR100,000, and also won a separate “social impact award” with a SR50,000 prize. Monak, a “digital lifestyle” company, came third and won SR50,000.

Saudi Dr. Mubarak Al-Mutawa Joins ECOSEP Board as First National

RIYADH: Dr. Mubarak Al-Mutawa, Move Center for Sports Medicine’s executive director, has become the first Saudi to join the board of directors at the European College of Sports and Exercise Physicians. Al-Mutawa, in a media statement issued on Wednesday, said: “I am honored to have become a member of the board of directors of ECOSEP, which is a leading association at the European and international levels. “I am proud to represent my country, and to contribute in the advancement of the sports medicine sector.”

Bank of China to launch in Riyadh in 2021, confirms official

RIYADH: In yet another sign of increasing cooperation between the world’s second-largest economy and the Arab world, the Bank of China is set to open its first branch in Riyadh later in 2023, reported Asharq. It quoted Jun Tian, head of the team for the launch, as saying that the bank’s branch in the Saudi capital is expected to begin operations by the end of October or at the beginning of November.

“Nations League Final Four: Key Points to Prove”

ENSCHEDE, Netherlands: Aiming to follow in the footsteps of Portugal and France, four of Europe’s strongest sides this week battle to win the third edition of the UEFA Nations League. Hosts the Netherlands face Croatia in Rotterdam on Wednesday in the first semifinal, while Spain and Italy clash in Enschede on Thursday, ahead of Sunday’s final. None of the “final four” have won a trophy in over a decade, except for Italy — although the Euro 2020 champions have plenty to prove themselves after failing to qualify for the 2022 World Cup.

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