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NEOM Aims to Preserve Natural Environment with Ambitious Target

RIYADH: As part of Saudi Arabia’s efforts to protect the environment and promote sustainable living, NEOM has pledged to allocate 95 percent of its total area for preservation. It will also develop a facility in Al-Asilah to preserve the Arabian oryx, the Arabian sand gazelle, the mountain gazelle, and the ibex. The reserve will be home to one of the biggest wildlife restoration programs in the world and will allow visitors to learn about NEOM’s programs for the development and rehabilitation of vegetation and wildlife.
sport

Saudi Businessman named President of Sports.com Platform

LONDON: Saudi businessman and senior executive Majed Al-Sorour was appointed president of sports platform Sports.com on Friday. A worldwide entrepreneur with a reputation for identifying performance potential in growth-focused businesses, Al-Sorour’s role will include investment strategy and execution as well as strategic communications and investor relations. He has a particular interest in the sports and technology industries, said a media statement issued on Friday.
sport

Freiburg’s Win Over Wolfsburg Boosts Champions League Qualification Chances

FREIBURG, Germany: With a slice of luck and a goal from a retiring fan favorite, Freiburg beat Wolfsburg 2-0 in the Bundesliga on Friday to stay in contention to qualify for the Champions League for the first time. Playing his last home game before retiring at the end of the season, striker Nils Petersen came off the bench to score in the 75th minute to take the game away from Wolfsburg — his first goal of the season — after Christian Günter gave Freiburg the lead with a fortunate deflected shot that looped over the goalkeeper.
Business

“Russian Ruble Gains Slightly Amid New Western Sanctions”

LONDON: The Russian ruble firmed on Friday, pushing back past the level of 80 to the US dollar, helped by higher oil prices but still hampered by reduced foreign currency supply and the latest Western sanctions, according to Reuters. By 11:03 a.m. Saudi time, the ruble was 0.4 percent stronger against the dollar at 79.93, and had gained 0.4 percent to trade at 86.22 versus the euro. It had firmed 0.3 percent against the yuan to 11.37.
Business

US Debt Ceiling Hopes Boost Global Stocks to Monthly Highs

LONDON/SINGAPORE: Global shares hit a one-month high on Friday as markets reflected increased hopes of a US debt ceiling deal that could avoid a potentially calamitous default, according to Reuters. Europe’s STOXX 600 was up 0.7 percent, while e-mini futures for the S&P 500 rose 0.2 percent, following a 0.9 percent gain for the benchmark Wall Street index overnight. MSCI’s broadest index of global shares was up 0.2 percent, hitting its strongest level since mid-April and on course for its biggest weekly gain since late March.
Business

Saudi Minister Emphasizes Energy Collaboration with Arab and OPEC+ Nations for Global Oil Markets.

JEDDAH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman on Thursday said the Kingdom’s interest in energy cooperation with Arab countries is an integral part of its policy to strengthen its deep relations in all fields. Prince Abdulaziz said that this cooperation is embodied in coordination for joint Arab action in numerous projects, programs and initiatives, the Saudi Press Agency reported.
Business

Dubai’s April Inflation Drops to 3.27%, Lowest in 13 Months

RIYADH: Dubai’s inflation slowed to its lowest level in 13 months in April to reach 3.27 percent, pulled back by decelerating transportation and food prices, the latest data from the emirate’s statistics authority showed.      This comes as Dubai’s Consumer Price Index dropped to its lowest level since February 2022, when inflation reached 2.65 percent.    The slowdown of price levels aligns with inflation trends across the Gulf Cooperation Council region, as well as that of the world.  
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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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Usyk beats Fury to become undisputed heavyweight champ

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Ukraine's Usyk beat UK's Fury by a split decision to become the first unifying title fighter since 1999.

Iran to send experts to Venezuela for medical accelerator assistance

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CARACAS: Iran on Saturday said it will send experts to its ally Venezuela to help with medical accelerators in hospitals it said had been stopped due to Western sanctions. Venezuela requested Iran’s help, according to a message on the social media platform X by the Iranian government attributed to the head of the Atomic Energy Organization of Iran. “Venezuela has a number of accelerators in its hospitals that have been stopped due to the embargo,” the message said. Medical accelerators are used in radiation treatments for cancer patients.

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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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