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PIF’s Lifera partners with CENTOGENE for global omics diagnostics.

RIYADH: Patients in the Gulf Cooperation Council region could get faster and more accurate diagnoses after the Public Investment Fund-owned Lifera announced a joint venture with CENTOGENE.  The biopharmaceutical company will be working with the German-based firm to provide multiomic testing services — a concept in biological research that aims to comprehensively characterize and quantify large numbers of molecules in complex samples.
Business

Survey shows US oil and gas production slowing amidst high demand

RIYADH: Driven by a fall in crude and commodities pricing, oil and gas production in the US is decelerating at a time when demand is showing signs of recovery, research by the Federal Reserve Bank of Dallas has shown. The survey posted a score of zero for business activity growth in the second quarter of 2023 among 150 oil and gas groups in its region, the lowest since 2020 when oil prices crashed due to the pandemic, ultimately forcing operators to close rigs and cut headcounts. 
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Saudi Esports Federation partners with Razer for Gamers8 event.

RIYADH: The Saudi Esports Federation has announced that lifestyle brand Razer is to be the gaming gear partner at Gamers8: The Land of Heroes, the world’s biggest gaming and esports festival.
News

“U.S. Chamber of Commerce Hosts Michael Morell as Keynote Speaker at Major Event”

Morell, Donald Trump’s “deep state” enemy No. 1, spoke at a Chamber of Commerce event Monday, highlighting the strange gulf between the K Street titan and the GOP.

The post U.S. Chamber of Commerce Invites Trump Bête Noire Michael Morell to Speak at Major Gathering appeared first on The Intercept.

Business

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.
Business

SPARK and Hutchison Ports team up for dry port and logistics zone operation.

RIYADH: King Salman Energy Park, also known as SPARK, will soon have access to improved logistical services and solutions thanks to a new agreement.   SPARK and Hong Kong-based firm Hutchison Ports have signed a concession agreement to manage and operate the dry ports and logistics area of the largest global center for power plants in Saudi Arabia.   This move falls in line with the objectives of the Saudi Vision 2030 in transforming the Kingdom into a global logistics hub. 
Business

Saudi EXIM Bank and NBB collaborate to enhance exports

RIYADH: Bilateral trade between Saudi Arabia and Bahrain is set to receive a further boost after banks from both sides entered into an agreement to offer competitive financing to firms involved in the import and export of goods.  According to a memorandum of understanding signed between the National Bank of Bahrain and the Saudi Export-Import Bank, also known as Saudi EXIM Bank, NBB will offer competitive financing rates to Bahraini companies importing goods from Saudi Arabia.  
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Israel’s ‘Cyber Dome’ Defends Against Iran’s Hackers

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TEL AVIV: Israel’s Iron Dome defense system has long shielded it from incoming rockets. Now it is building a “cyber dome” to defend against online attacks, especially from arch foe Iran.

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Torrential rains wreak havoc with toll expected to rise as search continues for dozens of people reported missing.

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Biden calls Japan, India, China, and Russia ‘xenophobic’ | TOME

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Comments met with surprise since US president has sought to deepen ties with key ally Japan, as well as India.

Syria: Israeli strike near Damascus injures 8 troops

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An Israeli airstrike on the outskirts of Damascus injured eight Syrian military personnel late on Thursday, the Syrian defense ministry said, the latest such attack amid the war in Gaza.

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KFC Malaysia closes outlets amid Gaza boycott

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New Generation of Organized Labor Rises in US

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