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“IOC Warns Afghanistan of Paris Olympics Status Due to Denial of Women’s Sports”

GENEVA: The Afghanistan team’s status for the 2024 Paris Olympics was put in question Wednesday by the IOC over growing frustration with the Taliban blocking access to sport for women and girls. The International Olympic Committee said it “continues to be extremely concerned” about the sports situation in Afghanistan despite its repeated calls for action.
Business

King Abdullah Port and Tabadul Partner to Enhance Logistics Efficiency

RIYADH: Delivery times for goods passing through King Abdullah Port are set to be reduced after the facility signed a strategic partnership with the Saudi Company for Electronic Information Exchange, known as Tabadul, to develop a digital system to boost the Kingdom’s logistics sector. The two entities signed a contract on Tuesday which will see the port’s Smart Gate System merge with Tabadul’s Truck Management System in a move that will increase efficiency.
Business

“Red Sea Coastal Tourism Map: Saudi Arabia’s First-Ever Chart”

RIYADH: Tourists traveling to The Red Sea Project can expect better mobility and accessibility options as Saudi authorities are developing the Kingdom’s first geographical navigation map that charts the scope of marine tourism in the coastal area.   The Saudi Red Sea Authority and the General Authority for Survey and Geospatial Information have partnered with 19 government agencies to develop the first-ever coastal tourism map of the Red Sea.  
Business

AI and Construction to Dominate Future Jobs in Saudi Arabia, According to PMI Official

RIYADH: Saudi Arabia, a country which has been dependent on its rich oil reserves for several decades, is now on a path of economic diversification. With Vision 2030, Saudi Arabia’s Crown Prince Mohammed bin Salman is proving that the Kingdom could perform well in non-oil private sectors too.   As Saudi Arabia’s private sector expands rapidly, the Kingdom is expected to provide more job opportunities to nationals and foreign talents alike in the coming years. 
Business

PIF’s Jada to Boost Saudi Arabia’s Startup Scene

CAIRO: Saudi Arabia’s startup landscape has received a significant push after a subsidiary of the Kingdom’s Public Investment Fund committed to investing in several venture capital vehicles. PIF’s Jada Fund of Funds Co. plans to invest an undisclosed amount in Bahrain-based Investcorp’s $500 million Saudi pre-initial public offering growth fund. The investment vehicle is exclusively focused on supporting a diverse range of companies based in Saudi Arabia during their pre-IPO stage.
Business

Saudi Arabia’s NDMC Concludes $667m Sukuk Issuance in June

RIYADH: Saudi Arabia’s National Debt Management Center announced the closure of the riyal-denominated sukuk program issuance for June with the total bid amount received at SR2.5 billion ($667 million).    The total amount allocated was SR7.43 billion with the sukuk issuance divided into tranches — the first has a size of SR622 million maturing in 2030. The second tranche was valued at SR1.84 billion million maturing in 2035, the NDMC said in a statement   Also called an Islamic bond, sukuk is a debt product issued according to Shariah or Islamic laws.    
Business

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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Russia-Ukraine War: Key Events on Day 800 | TOME

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Hamas Key to Gaza Ceasefire: Blinken | TOME

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WASHINGTON: US Secretary of State Antony Blinken said Hamas was the only holdup to a Gaza ceasefire as the militants prepared to send a delegation back to Cairo on Saturday for talks.“We wait to see whether, in effect, they can take yes for an answer on the ceasefire and release of hostages,” Blinken said late Friday.“The reality in this moment is the only thing standing between the people of Gaza and a ceasefire is Hamas.”

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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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