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George Soros hands over control of his empire to younger son: WSJ

NEW YORK: Billionaire investor turned philanthropist George Soros is ceding control of his $25 billion empire to a younger son, Alexander Soros, according to an exclusive interview with The Wall Street Journal published online Sunday.
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“Iga Swiatek Wins 3rd French Open Title and 4th Slam by Defeating Karolina Muchova”

PARIS: Iga Swiatek suddenly seemed lost in the French Open final. Her strokes were awry. Her confidence was gone. Her big early lead vanished, too. She kept looking up into the stands, seeking guidance from her coach and her sports psychologist. So much was amiss right up until she was two games from defeat against unseeded Karolina Muchova on Saturday. And then, when she needed to most, Swiatek transformed back into, well, Swiatek. The No. 1 player in women’s tennis for more than a year. The defending champion at Roland Garros. Aggressive. Decisive. Full of clarity.
Business

Saudi Minister: GCC-Iraq Electrical Interconnection Boosts Energy Security

RIYADH: The electrical interconnection project between Saudi Arabia and Iraq will support the Iraqi electrical grid, according to Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman. In an interview with Al-Arabiya, the prince said the connection was a dream that had become a reality and would achieve tangible economic benefits and enhance energy security. Speaking on the sidelines of the OPEC+ meeting in Vienna, he said: “We have no complexes about speculation in the oil market,” and the decision to cut oil production was a “precautionary” one.
sport

Barcelona’s Stunning Comeback Against Wolfsburg Secures Women’s Champions League Win

EINDHOVEN, Netherlands: Midfielder Patricia Guijarro ignited a stunning second-half comeback as Barcelona overturned a 2-0 deficit to beat Wolfsburg 3-2 and win their second Women’s Champions League title on Saturday. “We didn’t make it easy for ourselves,” Barcelona and England defender Lucy Bronze said in a pitchside interview after securing her fourth Champions League crown. She won it three years in a row with Lyon.
Business

Russia seeks trade show opportunities in Riyadh

RIYADH: Saudi Arabia and Russia’s bilateral economic ties are set to get a new boost as the Kingdom is hosting the Made in Russia +Innoprom business mission in Riyadh on May 29 and 30.  In an interview with Arab News, Anton Atrashkin, program director of the Innoprom International Trade Show, said that more than 100 Russian companies would be a part of the event to be held in Riyadh.  The delegation will be led by Russia’s Deputy Minister of Industry and Trade Alexei Gruzdev. 
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. 
Business

Saudi Arabia: A Trendsetting Lifestyle Laboratory

RIYADH: Impressed by the “out-of-the-box” approach of the Saudi government to drive innovation and growth, a top official of an IT firm said his company is keen on partnering with the Kingdom to become part of its success story. In an interview with Arab News, Alain Carpentier, senior vice president of worldwide sales at HPE Aruba Networking, said his company has made significant investments in the Kingdom in the last two years.
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