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“Nikola Vucevic signs 3-year, $60M extension with Chicago Bulls”

CHICAGO: The Chicago Bulls and center Nikola Vucevic agreed Wednesday to a $60 million, three-year extension, keeping the two-time All-Star off the free agent market. The move was hardly a surprise considering executive vice president of basketball operations Arturas Karnisovas and Vucevic had expressed a desire to get a deal done. The consistently productive 6-foot-10 center averaged 17.6 points and 11 rebounds — both identical to his averages a season earlier — while playing in all 82 games for the first time in his career.
sport

“Man City’s Unprecedented Season Brings Khaldoon Al-Mubarak Happiness and Pride”

Manchester City and City Football Group Chairman Khaldoon Al-Mubarak has spoken about the relief, happiness and pride that followed the club’s Champions League triumph over Inter Milan in Istanbul on June 10. Here are some of the highlights from part one of an end-of-season interview published on the club’s website.  On winning the Treble
Business

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.
Business

NEOM’s Green Hydrogen Project Receives Saudi Arabia’s First Sustainable Guarantee

RIYADH: Saudi Arabia’s green hydrogen project being developed at NEOM received the Kingdom’s first sustainable guarantee from the British bank, Standard Chartered, which agreed to extend funding support for its contractor Larsen & Toubro to build the necessary renewable energy infrastructure.  Located at Oxagon, the world’s largest green hydrogen plant is being built by NEOM Green Hydrogen Co., which is an equal joint venture between ACWA Power, Air Products and the $500-billion giga-project.
Business

Saudi Arabia to Extend OPEC+ Voluntary Cut and Reduce Oil Output in July

RIYADH: Saudi Arabia will extend its voluntary cut of 500,000 bpd until the end of December 2024, in coordination with some countries participating in the OPEC+ agreement, the Kingdom’s energy ministry said on Sunday. This voluntary reduction from the required production level was agreed upon at the OPEC+ meeting held on Sunday, the ministry added. The ministry also announced an additional voluntary oil output cut of 1 million bpd for July, which could be extended further.
sport

Verstappen Wins Spanish Motor Race to Extend Red Bull Dominance

LONDON: Max Verstappen won the Spanish Grand Prix from pole position on Sunday to stretch his Formula One championship lead to 53 points and continue Red Bull’s sweep of the season with the team’s seventh success in as many races. Seven-times world champion Lewis Hamilton was second for Mercedes, but a distant 24.090 seconds behind, with team mate George Russell completing the podium on a cloudy but dry afternoon at Barcelona’s Circuit de Catalunya.
sport

Al-Ittihad triumphs as Al-Nassr and Ronaldo falter

Al-Ittihad are Saudi Arabian champions for the first time since 2009 after defeating Al-Fayha 3- 0 on Saturday in the penultimate round of fixtures in the Roshn Saudi League. Second-placed Al-Nassr came back to draw 1-1 at Ettifaq but it was not enough as Ittihad’s win ended an exciting title race. It is a well-deserved triumph for coach Nuno Santo and his players who saw off the challenge of Cristiano Ronaldo and Al-Nassr to lift a hard-fought and deserved prize.
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