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Smith dominates 200m backstroke, Weinstein stuns Ledecky in 200 freestyle

LOS ANGELES: Regan Smith, shaping up for a World Championships showdown with Australian Kaylee McKeown, clocked a blistering 2min 03.80sec to win the 200m backstroke at the US swimming championships on Wednesday. Smith, whose previous world record was broken by McKeown in March with a time of 2:03.14, showed again that her move to train with coach Bob Bowman — former mentor of Michael Phelps — — was paying off.

Katie Ledecky’s Dominating Performance at US Nationals Joins Elite Club

INDIANAPOLIS: Katie Ledecky joined an elite club Tuesday night, earning her sixth trip to the world championships with a dominating victory in the 800-meter freestyle at the US nationals. Ledecky was under her own world-record pace for much of the race before settling for the victory in 8 minutes, 7.07 seconds — her third-fastest time in the grueling event, which she has dominated over her long career with the 30 fastest times in history.

Israel’s Tech Industry Continues to Struggle in 2023, According to State Agency

JERUSALEM: A slowdown in Israel’s technology sector has worsened in 2023, exacerbated by political turmoil, and the country may be detaching from broader trends that point to a global recovery, the state-backed Israel Innovation Authority said on Monday. High-tech has for a decade been the fastest growing sector in Israel and crucial for economic growth, accounting for 14 percent of jobs and almost a fifth of GDP — not to mention innovations coming out of Tel Aviv adopted around the world in cybersecurity, artificial intelligence and other fields.

Riyadh Air CEO announces direct flights from Saudi capital to major European cities

PARIS: In line with its goal to serve over 100 destinations by 2030, Riyadh Air will connect the Kingdom’s capital to major cities of Europe, its CEO said.   Speaking to Arab News on the sidelines of the Paris Air Show, Tony Douglas said the company intends to reveal something new every two months as the airline gears up for its 2025 launch. While Saudi Arabia is one of the world’s fastest-growing economies and the highest populated country within the Arabian Peninsula, it is not globally well-connected as it needs to be.  

“AI’s Impact on Enterprise Software Market: $14tn by 2030”

RIYADH: Generative artificial intelligence is set to expand the global enterprise software market from $1 trillion currently to $14 trillion by 2030, said Saudi Arabia’s minister of communications and information technology.  Speaking at the France-Saudi Investment Forum in Paris on Monday, Abdullah Al-Swaha said the massive growth in generative AI would present a considerable opportunity for collaboration between Saudi Arabia and France. 

AI and Construction to Dominate Future Jobs in Saudi Arabia, According to PMI Official

RIYADH: Saudi Arabia, a country which has been dependent on its rich oil reserves for several decades, is now on a path of economic diversification. With Vision 2030, Saudi Arabia’s Crown Prince Mohammed bin Salman is proving that the Kingdom could perform well in non-oil private sectors too.   As Saudi Arabia’s private sector expands rapidly, the Kingdom is expected to provide more job opportunities to nationals and foreign talents alike in the coming years. 

India and UAE aim for $100bn non-oil trade by 2030

RIYADH: India and the UAE have mutually agreed on Monday to double the target of non-oil trade to $100 billion from $48 billion by 2030, India’s Commerce and Industry Minister Piyush Goyal said. The goal to achieve this target was set in the first meeting of the Joint Committee of India-UAE Comprehensive Economic Partnership Agreement in New Delhi. Signed in 2022, the India-UAE CEPA is expected to increase the total value of bilateral trade in goods to over $100 billion and services to over $15 billion within five years. 

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