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“Saudi Arabia and Slovenia Foster Trade Relations at WEF Event”

RIYADH: Trade and economic ties between Saudi Arabia and Slovenia are expected to improve following a meeting between the Kingdoms’ Minister of Economy and Planning Faisal Alibrahim and Slovenia’s Minister of Digital Transformation Emilija Stojmenova Duh.  The ministers held talks on the sidelines of the recent World Economic Forum summit in Tianjin, China. The pair discussed potential areas of cooperation between both countries and analyzed ways to address issues of common interest, according to the Saudi Press Agency.
Business

Sound Energy secures $237m financing for Moroccan gas project in the UK

RIYADH: A natural gas project in east Morocco will soon be completed thanks to a new finance push from the largest bank in the North African country. UK-based Sound Energy has received a conditional offer from Attijariwafa Bank to obtain funding amounting to 2.3 billion Moroccan dirhams ($237 million) for the Tendrara-based project’s second phase, according to a statement. The funding will be allocated for completing drilling, operating wells, and building a pipeline to transport natural gas to the state’s National Office of Electricity and Drinking Water.
Business

“Saudi Arabia’s Sustainable Agricultural Challenge Aims to Boost Global Crop Yield”

RIYADH: Saudi Arabia has gathered momentum in its commitment to sustainability by identifying and supporting top innovators of climate-smart agriculture solutions.  Called the Smarter Climate Farmers Challenge, the initiative was launched by the Kingdom in partnership with Uplink, the open innovation platform of the World Economic Forum.  Saudi Minister of Economy and Planning Faisal Al-Ibrahim announced the challenge during the WEF’s 14th annual meeting of the New Champions in Tianjin, China. 
Business

Egypt boosts energy transition with updated climate commitments

RIYADH: Egypt aims to advance its target of generating 42 percent of its energy through renewable sources to 2030 from 2035 as the North African nation submitted updated climate commitments as per the Paris Agreement on Monday.   In its updated Nationally Determined Contribution document, Egypt noted that the country needs to obtain grants and soft financing worth €500 million ($548 million) as a contribution to achieving the revised targets. 
Business

King Fahd Airport: 250k Passengers in 7 Days

RIYADH: King Fahd International Airport witnessed an 11 percent rise in passenger numbers throughout the seven days of the Eid Al-Adha celebration compared to the equivalent period in 2022. Dammam Airports Co., which operates the transport hub, revealed 250,000 people passed through the facility from June 19 to June 2. The airport also witnessed over 2,000 flights during this time, reflecting a 15 percent increase compared to the previous year.
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Italy vows to eradicate racism and anti-Semitism in football arenas

ROME: Italy signed on Tuesday a letter of intent aimed at eradicating anti-Semitism from soccer stadiums across the country. Instances of racism and anti-Semitism are commonplace in Italian stadiums, with fans regularly booing or shouting abuse at Black players, using the word “Jew” as an insult and displaying Nazi or fascist symbols.
Business

Israel’s Tech Industry Continues to Struggle in 2023, According to State Agency

JERUSALEM: A slowdown in Israel’s technology sector has worsened in 2023, exacerbated by political turmoil, and the country may be detaching from broader trends that point to a global recovery, the state-backed Israel Innovation Authority said on Monday. High-tech has for a decade been the fastest growing sector in Israel and crucial for economic growth, accounting for 14 percent of jobs and almost a fifth of GDP — not to mention innovations coming out of Tel Aviv adopted around the world in cybersecurity, artificial intelligence and other fields.
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Professors Nationwide Defend Students Against Politicians and Police: UCLA to Columbia | TOME

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University faculty have put their bodies and livelihoods on the line amid a brutal, violent response to student protests for Gaza.

The post From UCLA to Columbia, Professors Nationwide Defend Students as Politicians and Police Attack appeared first on The Intercept.

Lebanon urged to finalize deal with EU border agency to curb illegal migration

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BEIRUT: The EU has announced an aid package for Lebanon of 1 billion euros ($1.06 billion) to help boost border control and halt the flow of asylum-seekers and migrants from the country across the Mediterranean Sea to Cyprus and Italy. It comes against a backdrop of increasing hostility toward Syrian refugees in Lebanon and a major surge in irregular migration of Syrians from Lebanon to Cyprus. The UN High Commissioner for Refugees, meanwhile, has decided to reduce healthcare coverage for registered Syrian refugees by 50 percent.

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The Hidden Costs of EU-Rwanda Supply Deal: Blood Minerals

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EU plans to secure supplies for green revolution from Rwanda likely to support smuggling of conflict minerals from DRC.

US Violates Leahy Law for Military Support to Israel

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The Biden administration has refused to restrict US funding to Israeli army units that committed rights violations.

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New Generation of Organized Labor Rises in US

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US experiencing the biggest strike wave in 50 years.

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

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Microsoft CEO Satya Nadella says investment will help Southeast Asia's biggest economy thrive in 'new era'.

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