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“Bharat Petroleum of India to Raise $2.19bn for Green Energy Expansion”

RIYADH: State-owned oil marketing company Bharat Petroleum said on Wednesday it approved raising up to 180 billion rupees ($2.19 billion) through an issue of equity shares on a rights basis, underscoring India’s push to achieve net-zero emissions goals. The details of the issue, including the price, right entitlement and timing, will be intimated separately after the board approval, it said in an exchange filing. Last week, the company said the funds would be used to achieve “energy transition, net zero and energy security objectives.”
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Top NBA Free Agency Players to Watch: Draymond Green, Kyrie Irving

NEW YORK: Some of the players to watch in NBA free agency, which starts Friday evening: Kyrie Irving, Dallas This one will be interesting. Irving is one of the best players in the NBA. He also tends to be a challenge, and evidently got unhappy over time at his previous stops — Cleveland, Boston and Brooklyn. It seems unlikely that Irving will want a short-term deal, but there aren’t many teams that can afford him, either Fred VanVleet, Toronto
Business

Crude Oil Updates: Monthly Gain Expected as Supply Tightens

HOUSTON: Oil prices edged higher on Friday with Brent poised for its first monthly gain this year, as a big drawdown in US oil stocks outweighed concerns that fuel demand will be dented further by more interest rate hikes, according to Reuters. Brent crude futures for September delivery rose 16 cents or 0.2 percent to stand at $74.67 as of 7:05 a.m. Saudi time. The less-traded front month contract, which expires on Friday, was up 30 cents at $74.64. US West Texas Intermediate crude gained 8 cents or 0.1 percent to $69.95.
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Arsenal leads Man City in race for transfer target Declan Rice

MANCHESTER, England: In an offseason when Lionel Messi and Karim Benzema have already made moves, Declan Rice is turning into one of the biggest stories of the transfer window. Arsenal appears to be closing in on a deal worth up to a reported 105 million pounds ($133 million) for the England international, who has been linked with many of Europe’s biggest clubs. Manchester City, which has also targeted the West Ham midfielder, is not prepared to match that figure, according to a person with knowledge of the Premier League champion’s transfer plans.
Business

Sound Energy secures $237m financing for Moroccan gas project in the UK

RIYADH: A natural gas project in east Morocco will soon be completed thanks to a new finance push from the largest bank in the North African country. UK-based Sound Energy has received a conditional offer from Attijariwafa Bank to obtain funding amounting to 2.3 billion Moroccan dirhams ($237 million) for the Tendrara-based project’s second phase, according to a statement. The funding will be allocated for completing drilling, operating wells, and building a pipeline to transport natural gas to the state’s National Office of Electricity and Drinking Water.
sport

Biles set to make competitive comeback in August

LOS ANGELES: Gymnastics superstar Simone Biles is poised to compete in August for the first time since mental health and safety concerns cut short her Tokyo Olympics campaign, entering the August US Classic near Chicago. USA Gymnastics announced Wednesday that the four-time Olympic gold medalist was entered in the August 4-5 event, which would be her first since she withdrew from most of her events in Tokyo in 2021. “Registration...does not guarantee participation,” USA Gymnastics warned in the statement.
sport

“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.
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Man City clinch 4th Premier League title despite Arsenal win

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City beat West Ham United 3-1 at home to secure their eighth title ahead of Arsenal, who beat Everton 2-1.

UAE food aid arrives in Gaza

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DUBAI: A UAE aid shipment carrying 252 tons of food arrived in Gaza bound for the north of the enclave, Emirates News Agency reported on Sunday. The shipment arrived via the maritime corridor from Larnaca in Cyprus. The delivery involved cooperation from the US, Cyprus, UK, EU and UN. The supplies were unloaded at UN warehouses in Deir Al-Balah and are awaiting distribution to Palestinians in need.

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3 killed in DR Congo military foils ‘attempted coup’

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Military says coup was 'nipped in the bud' by the forces and the perpetrators were arrested, including foreigners.

India Lok Sabha Election 2024 Phase 5: Voter Information and Stakes | TOME

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Voters to decide the fate of 695 candidates, including opposition leader Rahul Gandhi, in the fifth phase of polls.

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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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