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TotalEnergies’ First Solar Power Plant in Saudi Arabia Fully Financed

RIYADH: Sustainable energy provision in Saudi Arabia is set to grow after French energy giant TotalEnergies achieved financial closure for its first solar power plant in the Kingdom.  According to a press statement, the 119 megawatts solar plant will be developed by a consortium of TotalEnergies, Japan’s Toyota Tsusho and Saudi Arabia’s Altaaqa Renewable Energy.  The group secured a power purchase agreement for the project with Riyadh-based Saudi Power Procurement Co. in an auction held between 2021 and 2022. 
sport

Newcastle Chairman’s Dream: To Become the Top Club

LONDON: Newcastle United chairman Yasir Al-Rumayyan said on Friday he wants the Magpies to become the “number one” club, but made it clear that the ongoing development of the team will adhere to the sport’s financial fair-play rules. During an interview published on the club’s social media, the Saudi Public Investment Fund supremo said the board of directors now expects the club to be playing at the very top level of European football on a regular basis, and will build a “squad of stars.”
Business

PIF’s Jada to Boost Saudi Arabia’s Startup Scene

CAIRO: Saudi Arabia’s startup landscape has received a significant push after a subsidiary of the Kingdom’s Public Investment Fund committed to investing in several venture capital vehicles. PIF’s Jada Fund of Funds Co. plans to invest an undisclosed amount in Bahrain-based Investcorp’s $500 million Saudi pre-initial public offering growth fund. The investment vehicle is exclusively focused on supporting a diverse range of companies based in Saudi Arabia during their pre-IPO stage.
James Risen

“Trump: A Predator Who Preys on Followers”

Trump’s body man Walt Nauta is just the latest in a long line of lackeys.

The post Trump Is a Predator Who Feeds on Lackeys appeared first on The Intercept.

Business

Saudi Stock Market Closes Week with Green Finish

After rising for four consecutive days, Saudi Arabia’s Tadawul All Share Index ended the week in green, as it gained 24.31 points, or 0.21 percent, to close at 11,397.14. The total trading turnover of the benchmark index hit SR7.14 billion ($1.90 billion), as 113 stocks advanced, while 94 retracted.  While parallel market Nomu gained 368.10 points to close at 21,849.68, MSCI Tadawul Index increased 0.16 percent to end the day at 1,509.41.
Business

ADNOC Drilling Expands Fleet to Achieve $3bn Revenue by 2023

RIYADH: On the back of a strong first-quarter performance, ADNOC Drilling plans to go big on its expansion strategy as it eyes 20 percent year-on-year growth in revenue this year.  As a sole drilling partner to Abu Dhabi National Oil Co., ADNOC Drilling launched a bold fleet expansion program to enable the energy giant achieve its production targets.  In an interview with Arab News, the CEO of the Middle East’s largest national drilling company, Abdulrahman Abdulla Al-Seiari, said they grew the fleet by 16 rigs in 2022, bringing the total to 115. 
sport

Newcastle close to Champions League, but Eddie Howe stays cautious.

NEWCASTLE: Newcastle United head coach Eddie Howe still refuses to admit the job of Champions League qualification is done, despite the Magpies taking a giant leap toward a top-four Premier League spot with a home victory against sixth-place Brighton & Hove Albion on Thursday. Howe’s side is within touching distance of a place of Europe’s premier club competition for the first time since the 2003/04 season thanks to a 4-1 win over their fellow high-fliers.
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American universities revenue sources | TOME

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Protesters call US university funds into question and demand schools divest from Israel for its war on Gaza.

Israel president criticizes US universities for anti-Semitism

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JERUSALEM: Israel’s president on Thursday slammed US universities for campus unrest over Israel’s war in Gaza, saying these institutions were “contaminated by hatred and anti-Semitism.” Isaac Herzog said in a special broadcast that he was issuing an urgent message of support to Jewish communities amid a “dramatic resurgence in anti-Semitism and following the hostilities and intimidation against Jewish students on campuses across the US in particular.”

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‘Diaspora Jews prioritize Judaism over Zionism: UK filmmaker | TOME’

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British filmmaker Gillian Mosely says it is time to question Israel's 'propaganda' as the war in Gaza rages.

UCLA Palestine encampment assault follows days of harassment, activists say

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Pro-Palestine activists say dozens were injured when pro-Israel demonstrators attacked California college encampment.

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Microsoft to invest $1.7 billion in AI and cloud infrastructure in Indonesia

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Microsoft CEO Satya Nadella says investment will help Southeast Asia's biggest economy thrive in 'new era'.

IMF to release $1.1bn loan to Pakistan after key meeting

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Pakistan seeks another long-term IMF programme to support its ailing economy but experts say focus must be on reforms.

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