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“Saudi company sponsors Newcastle United in £25m annual deal”

NEWCASTLE: Saudi company Sela has been announced as Newcastle United’s new front of shirt sponsor in a multi-year deal worth around £25 million ($31.4 million) a year to the club. The Magpies announced the record-breaking deal on Friday as they launched their new kit for the 2023/24 Premier League and Champions League campaigns. 

Thai Companies Eye $36 Million Investment in Saudi Arabia to Strengthen Business Ties

RIYADH: Thai companies are ready to invest a combined $36 million in Saudi Arabia, a senior figure from the Asian country’s business community has revealed as relations between the two nations continue to develop. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, revealed the figure during a meeting of the Saudi-Thai Business Forum in Riyadh, according to the Saudi Press Agency.

Saudi Arabia’s voluntary cuts boost oil prices.

RIYADH: Oil prices rose on Thursday as tighter supply resulting from Saudi Arabia’s pledged production cut and a potential pause to US interest rate hikes offset worries over demand weakness and a global economic slowdown. At a recent meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, Saudi Arabia said it will cut its crude output by 1 million barrels per day in July on top of a broader deal to limit supply into 2024 as the producer group seeks to boost flagging prices.

“Women’s World Cup in Australia and New Zealand: Ticket Sales Exceed 1 Million”

SYDNEY: More than 1 million tickets have been sold for the Women’s World Cup kicking off in Australia and New Zealand next month, with soccer’s international governing body saying the tournament is on track to be the most attended standalone women’s sporting event in history. FIFA President Gianni Infantino issued a statement saying 1,032,884 tickets had been sold up to Friday morning local time in Sydney, surpassing the pre-tournament sales for the 2019 edition in France.

UK Low-Carbon Startup Receives $22.7M Investment from Aramco, Eni, and United Airlines

RIYADH: The aviation industry’s efforts to develop low-carbon fuel at affordable cost received a boost after a deal was struck to invest $22.7 million into a UK startup working in clean energy technology.  The venture units of oil firms Saudi Arabian Oil Co. and Italy’s Eni have partnered with United Airlines to invest the amount into OXCCU, a company spun out from the University of Oxford.

Saudi Electricity Co. invests $373m to enhance power grid through 3 projects.

RIYADH: Electricity networks across three Saudi governates are set to undergo SR1.4 billion ($373 million) worth of improvements to reduce the areas’ liquid fuel consumption and carbon emissions. State-owned Saudi Electricity Co. will invest the money across Rafha, Al-Wajh and Najran, reported the Saudi Press Agency.  Ensuring reliability and continuity, the company aims to maximize electric power generation units for network efficiency and subscribers’ benefits.

“DHS Report Links Cop City Protesters to Far-Right Activist Andy Ngo”

The intelligence report described the demonstrations as a “violent far-left occupation” — a phrase copied directly from an article by Ngo a day earlier.

The post DHS Intel Report on Cop City Protesters Cribbed Far-Right Activist Andy Ngo appeared first on The Intercept.

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