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Saudi Ports Authority signs deal for Yanbu port integrated bunker station construction

RIYADH: The Saudi Ports Authority, also known as Mawani, has signed a deal to establish an integrated center worth over SR2 billion ($533 million) as part of a pilot project to supply ships with fuel at the Yanbu Industrial Port. The total holding capacity of the pioneering project is likely to reach 2.5 million metric tons. The authority signed the agreement with International and Trafalgar Co. Ltd. on Sunday in collaboration with the Ministry of Energy.
sport

Fowler and Clark Lead US Open with Major Champions in Pursuit

LOS ANGELES: Rickie Fowler only had 3 1/2 feet left for par on what should have been his last shot Saturday in a US Open round filled with far bigger moments. At stake was his first 54-hole lead in a major. Shockingly, he missed and slipped into a tie with Wyndham Clark. Fowler wasn’t the least bit bothered. He knows what to expect by looking ahead at a final round on a Los Angeles Country Club course getting tougher by the minute, and by looking behind at some of the players chasing them — Rory McIlroy, Scottie Scheffler, Dustin Johnson.
sport

Denver Nuggets Parade: Celebrating 1st NBA Championship Win

DENVER: Nikola Jokic rode atop a firetruck with people who mean the world to him — his teammate Jamal Murray, his family — and the NBA trophy. Jokic and the Denver Nuggets soaked in the moment and were soaked, too, by champagne spray Thursday during a downtown parade to celebrate their first NBA title. His young daughter, Ognjena, stole the show as she sat in front of him on the firetruck, at times wearing Jokic’s championship hat. Jokic turned in some big assists, too, shielding her from champagne showers.
Business

Bank of China to launch in Riyadh in 2021, confirms official

RIYADH: In yet another sign of increasing cooperation between the world’s second-largest economy and the Arab world, the Bank of China is set to open its first branch in Riyadh later in 2023, reported Asharq. It quoted Jun Tian, head of the team for the launch, as saying that the bank’s branch in the Saudi capital is expected to begin operations by the end of October or at the beginning of November.
Business

May sees 19% increase in container volume at Saudi ports

RIYADH: The number of containers handled at Saudi ports surged 18.8 percent during May. The volume of standard containers handled across the Kingdom reached 709,944 as compared to 597,617 in the same month in the previous year, the Saudi Ports Authority said in a statement on Tuesday. The authority said outbound containers rose by more than 28 percent to 224,720 in May, from 175,320 in the prior-year period. The number of inbound containers also increased 36 percent to 236,360, compared to 173,820 containers during the same month in the previous year.
sport

Turkey seeks to host football Euros following Champions League final

GENEVA: Turkiye’s quest to host the men’s European Championship is among the great unfulfilled goals in world soccer. Having newly re-elected state President Recep Tayyip Erdoğan sit next to UEFA leader Aleksander Čeferin at the Champions League final in Istanbul on Saturday should only help before Turkiye’s next two tournament bids are put to votes on Oct. 10.
Business

“Chinese Delegates View Riyadh Conference as Chance to Strengthen Ties”

RIYADH: Business professionals from China are optimistic that events like the Arab-China Business Conference will help strengthen economic ties between the world’s second-largest economy and the region. They urged Chinese companies to explore opportunities in the Arab world particularly Saudi Arabia, as the Kingdom is rapidly transforming into an economic powerhouse. Lin Shunjie, chairman of China International Exhibition Center Group, told Arab News that his visit to the Kingdom had opened doors of new business opportunities between his country and the Arab world.
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US military destroys Houthi drone boat

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AL-MUKALLA: The US Central Command said that its forces have destroyed an explosive-laden and remotely operated boat in a Houthi-held area of Yemen, as the Yemeni militia reaffirmed threats to increase their Red Sea ship campaign unless Israel ceases its assault in Gaza.

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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UCLA Palestine encampment assault follows days of harassment, activists say

News 0
Pro-Palestine activists say dozens were injured when pro-Israel demonstrators attacked California college encampment.

US military destroys Houthi drone boat

News 0
AL-MUKALLA: The US Central Command said that its forces have destroyed an explosive-laden and remotely operated boat in a Houthi-held area of Yemen, as the Yemeni militia reaffirmed threats to increase their Red Sea ship campaign unless Israel ceases its assault in Gaza.

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

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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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