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Encouragement for US Businesses to Invest More in Iraq

LONDON: American businesses are being encouraged to increase investment in Iraq as the country looks to move on from decades of devastation. Speaking to journalists, including Arab News, on Tuesday following a trip to Iraq, the special representative for commercial and business affairs at the US State Department said he is “very excited” at the opportunities to be part of the rebuilding of the country.
sport

“Ukrainian Kickboxing Champ Maksym Bordus Dies in War”

KYIV: Ukrainian kickboxing champion Maksym Bordus has been killed fighting Russian forces, a website that lists athletes killed in the war said on Tuesday. Bordus was killed on June 11 in “fierce fighting against Russian invaders,” according to “Sport Angels,” a Ukrainian website set up with the assistance of the Sports Committee that brings together NGOs and federations from non-Olympic sports. “Every day he brought Ukraine’s victory closer with a weapon in his hands, but he himself will not see it,” it wrote under a photograph of Bordus posing with several medals.
Business

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.
Business

Latvia prioritizes Saudi Arabia as a key market, confirms minister for economics

RIYADH: Latvia is eager to strengthen trade ties with Saudi Arabia, allowing Latvian companies to contribute to the Kingdom’s Vision 2030 social reform and economic diversification agenda, Ilze Indriksone, Latvia’s minister for economics, has told Arab News. Speaking after the conclusion of the Saudi-Latvian Business Forum in Riyadh earlier this month, Indriksone emphasized the need to expand economic cooperation, boost bilateral trade, and increase investment in research, development and technology. 
Business

Saudi Industry Minister’s Investment Tour in Germany Continues

RIYADH: German investment in the Saudi mining sector was one of the key topics of discussion when the Kingdom’s industry minister met with a leading Bavarian politician. Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held talks with Roland Weigert, vice minister in the Bavarian Ministry of Economic Affairs, Regional Development and Energy, as part of his visit to Germany.
sport

Usyk’s Signing May Lead to Fury Fight in Kingdom, Says Skill Challenge Entertainment’s Boxing Director

Amer Abdallah, director of boxing of Prince Khalid bin Abdulaziz’s Skill Challenge Entertainment, talks to Arab News about the landmark signing of Oleksandr Usyk — and other additions — to the organization, potential world title fights in Saudi Arabia and the Kingdom’s successful ventures into a diverse range of sports globally. Oleksandr Usyk has signed to Skill Challenge Entertainment’s growing stable of local and international fighters. What made this good fit for you?
sport

Arab Futsal Championship Semi-Finals: Libya vs Morocco, Kuwait vs Algeria

JEDDAH: Libya, Morocco, Kuwait and Algeria are through to the semi-finals of the 2023 Arab Futsal Cup after an exciting day of competition in Saudi Arabia. In first of the quarter-finals, all of which were played on Tuesday at the Ministry of Sports Hall in Jeddah, Libya defeated Lebanon 5-2. Libya’s goals were scored by Mohammed Saeed, who grabbed two, Ziad Aziz, Izz Al-Din Al-Marimi and Ahmed Al-Agnaf. Lebanon’s consolations came from Issa Mahrez and Majd Hamoush. Libya’s Suhaib Al-Ghoul was named player of the match. 
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