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Iraq’s June oil revenues exceed $7 billion

RIYADH: The Iraqi Ministry of Oil announced on Saturday that oil export revenues during June exceeded $7 billion.    According to the State Organization for Marketing of Oil, the total exports of crude during June were nearly 100.06 million barrels, with revenues amounting to $7.11 billion.    SOMO data revealed that the total quantities of crude exported during June from oil fields in central and southern Iraq were 98.72 million barrels.     Oil exports from the Al-Qayyarah oil field in Nineveh governorate in northern Iraq were 1.03 million barrels.   
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Top NBA Free Agency Players to Watch: Draymond Green, Kyrie Irving

NEW YORK: Some of the players to watch in NBA free agency, which starts Friday evening: Kyrie Irving, Dallas This one will be interesting. Irving is one of the best players in the NBA. He also tends to be a challenge, and evidently got unhappy over time at his previous stops — Cleveland, Boston and Brooklyn. It seems unlikely that Irving will want a short-term deal, but there aren’t many teams that can afford him, either Fred VanVleet, Toronto
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“Soft Dollar Boosts Appeal: Gold Prices Rise”

RIYADH: Gold climbed on Monday after a weaker dollar made bullion more attractive for overseas investors, although prices hovered close to three-month lows as traders assessed prospects of more interest rate hikes by the US Federal Reserve. Spot gold rose 0.3 percent to $1,926.19 per ounce by 8:38 a.m. Saudi time. US gold futures also gained 0.3 percent to $1,936.00. Bullion slumped nearly 2 percent in the previous week as hawkish comments from Fed officials signaled more rate hikes to tame sticky inflation.
Business

“World Bank Offers Repayment Pause to Nations in Crisis”

PARIS: The head of the World Bank said Thursday that the lender planned to introduce a “pause” mechanism for debtor countries in the event of them being hit by a crisis. Ajay Banga told a summit on financing the fight against climate change that the multilateral lender would adopt a new approach that “significantly expands the World Bank’s toolkit.” The most important measure would be offering “a pause on debt repayments so countries can focus on what matters when a crisis hits and stop worrying about the bill that is going come,” he added.
Business

China announces $72 billion tax incentive for electric vehicles

RIYADH: China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package of tax breaks over four years for electric vehicles and other green cars, as it seeks to boost auto sales. Weakening sales growth in the world’s biggest auto market has raised concern over China’s economic growth and while financial support was widely expected after an earlier government pledge to promote the industry, shares in major automakers jumped after the details were released.
News

Jordanian World Bank Aid Program Algorithm Fails the Poorest

The algorithm used for the cash relief program is broken, a Human Rights Watch report found.

The post Algorithm Used in Jordanian World Bank Aid Program Stiffs the Poorest appeared first on The Intercept.

Business

Islamic Banks in UAE See $177bn Asset Growth in Q1

RIYADH: Reflecting the growing popularity of Islamic financing, gross assets of the Shariah-compliant banks operating in the UAE grew to 650 billion dirhams ($177 billion) by the end of the first quarter of 2023, a year-over-year increase of 7.31 percent compared to 605.7 billion dirhams in the same period last year, according to figures by the Central Bank of the UAE.  
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UN warns of imminent attack on city in North Darfur, Sudan

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Attack on al-Fashir would have 'devastating consequences' for civilians in area already on brink of famine, UN says.

UN condemns Iran crackdown on women without veils

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GENEVA: The United Nations said Friday that it was concerned by reports of new efforts to track and punish Iranian women, some as young as 15, who refuse to wear the headscarf required under the country’s Islamic law. The UN Human Rights Office also expressed alarm about a draft bill on “Supporting the Family by Promoting the Culture of Chastity and Hijab,” which would impose tougher sentences on women appearing in public without the hijab.

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Sheikh Mansour bin Zayed meets Saudi envoy in Abu Dhabi

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DUBAI:  Sheikh Mansour bin Zayed Al-Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, has received Sultan bin Abdullah Al-Anqari, Saudi Arabia’s ambassador to the UAE. During a meeting at Qasr Al-Shati in Abu Dhabi, the two officials discussed relations between the two countries and ways to enhance cooperation that would be beneficial to both nations, state news agency WAM said Sheikh Mansour emphasized the robust ties between the UAE and Saudi Arabia are underpinned by the leadership of both countries.

UN warns of imminent attack on city in North Darfur, Sudan

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Attack on al-Fashir would have 'devastating consequences' for civilians in area already on brink of famine, UN says.

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Elon Musk’s Feud Over Free Speech with Australia and Brazil | TOME

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X owner is fighting governments over their attempts to curtail online content deemed to be harmful.

Microsoft and Google Report Double-Digit Profit Growth, Boosting AI Case

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Tech giants' shares surge after stronger-than-expected earnings.

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