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Biden Sticks with Trump on Cuba Policy, Snubbing Obama | TOME

One of Obama’s most significant foreign policy achievements was his move toward normalizing relations with Cuba. Trump and Biden have torn that up.

The post In a Major Snub to Obama, Biden Is Sticking With Trump When It Comes to Cuba Policy appeared first on The Intercept.

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Israeli Military Launches Closed-Door “PR Blitz” on Capitol Hill Amid Growing Ceasefire Calls

The Intercept has learned of around half a dozen events coordinated with Israeli officials during recent weeks — some of them hastily organized.

The post With Ceasefire Calls Growing, Israeli Military Launches Closed-Door “PR Blitz” on Capitol Hill appeared first on The Intercept.

Business

Saudi Airlines Catering Co. inks $720m agreement with Red Sea Global

RIYADH: A SR2.7 billion ($720 million) deal has been signed which will see Saudi Airlines Catering Co. provide laundry services for hotels at Red Sea Global’s tourist developments. The agreement was announced on the Saudi stock exchange, Tadawul, and SACC expects the deal to start showing up in its profit margin by the third quarter of 2025. The 20-year contract will see SACC operate laundry services for hotels, resorts and other facilities located within the destination.
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

ACWA Power announces 2 million share buyback and 8.3% dividend for 2022

RIYADH: Shareholders of Saudi energy firm ACWA Power have approved the buyback of 2 million shares. The decision was taken during the extraordinary general meeting held on June 22. According to the company’s disclosure to the Saudi Stock Exchange, the shares will be utilized in the employee stock incentive program. In addition, the buyback is to be financed from the firm’s resources, ACWA Power revealed. The board of directors will complete the buyback within 12 months from the EGM date.
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 stock market closes with modest gains as TASI increases by 35 points

RIYADH: On its first trading day after the Eid holidays, Saudi Arabia’s stock market saw a muted performance, with its Tadawul All Share Index rising 34.93 points — or 0.3 percent — to close at 11,493.91 points.   While MSCI Tadawul Index inched up 0.4 percent to 1,516.30 points, the parallel market Nomu fell 4.22 percent to close at 25,043.16.   The total trading turnover of the benchmark index was SR4.56 billion ($1.22 billion) as 143 of the 228 listed stocks advanced, while 60 retreated.  
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Moroccans protest Israel ties in pro-Palestinian rally | TOME

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CASABLANCA, Morocco: Thousands of Moroccans demonstrated Sunday in Casablanca in support of the Palestinian people and against ties with Israel, an AFP journalist said, more than seven months into the Gaza war. Protesters in Morocco’s commercial capital chanted “Freedom for Palestine,” “If we don’t speak out, who will?” and “No to normalization,” and many wore keffiyeh scarves or waved Palestinian flags.

French forces clear New Caledonia roadblocks to end unrest

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Dozens of barricades dismantled along key road linking airport to capital Noumea, French officials say.

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Cambodia launches $36.6bn building drive, China and Japan vie for spoils

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Cambodian Prime Minister Hun Manet has unveiled a 174-project master plan that has attracted bids by rival powers.

Olympic Athletes’ Financial Hurdles | TOME

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Full-time training, travel to compete, medical and most other costs for these athletes are out of pocket.

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