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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.  
sport

Haji Leads Saudi Arabia to Asia U-17 Cup Quarterfinals

Talal Haji was the star of the show for Saudi Arabia on Monday, scoring both goals in a 2-0 win over Tajikistan to secure a place in the quarterfinals of the U-17 Asian Cup. The 15 year-old striker found the target twice in the second half with well-taken goals in Chonburi, Thailand, to make it two wins from two in Group C. Those six points in the bank mean coach Abdel Wahab Al-Harbi can start preparing for the knockout stage.
Business

Saudi Property Market Performs Well in Q1 Due to Limited Supply: CBRE

RIYADH: Demand for offices remained strong in Saudi Arabia in the first quarter of 2023 as global and local businesses continued to scout for quality spaces in the key cities despite limited supply in the market, the latest report from global consultancy firm CBRE showed.   Most of the offices in Riyadh witnessed nearly 100 percent occupancy, resulting in Grade A and Grade B properties recording a year-on-year rise in average rental rates of 9.3 percent and 14 percent, respectively, in the first quarter.  
National Security

“Pentagon’s Secret Service Monitors Social Media for Negative Tweets About Generals”

An unredacted document shows the Protective Services Battalion uses sophisticated surveillance tools that can pinpoint anyone’s location.

The post Pentagon’s Secret Service Trawls Social Media for Mean Tweets About Generals appeared first on The Intercept.

Business

“China’s May Industrial Output Up by 3.5%”

BEIJING: China’s economy stumbled in May with industrial output and retail sales growth missing forecasts, adding to expectations that Beijing will need to do more to shore up a shaky post-pandemic recovery. The economic rebound seen earlier this year has lost momentum in the second quarter, prompting China’s central bank to cut some key interest rates this week for the first time in nearly a year, with expectations of more to come.
sport

“Karolina Muchova to Challenge Iga Swiatek in French Open Women’s Final as Unseeded Player”

PARIS: As it is, Karolina Muchova was the unseeded, unexpected participant in the French Open semifinals. And then, dealing with cramping legs nearly three hours into the match, she was just one point from losing to No. 2 Aryna Sabalenka, who entered Thursday with a 12-0 Grand Slam record in 2023, including an Australian Open title.
sport

Novak Djokovic dominates tiebreaker at French Open, set to face No. 1 Alcaraz

  PARIS: Novak Djokovic, in his words, felt “quite sluggish, quite slow” for nearly two full sets against Karen Khachanov in the French Open quarterfinals Tuesday. Afterward, Djokovic called it his worst stretch of the tournament, a fair assessment. He dropped the opening set, something he hadn’t done at Roland Garros this year. As the second went to a tiebreaker in Court Philippe Chatrier, he knew it was vital to step up his game, bring forth his best.
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Israeli Army Controls Rafah Crossing in Gaza

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The Israeli military has taken control of Gaza's Rafah crossing with Egypt.

Belgian and Dutch students protest Israel’s Gaza war | TOME

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Students in Ghent and Amsterdam occupied universities to protest against Israel's war on Gaza.

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Erdogan opens church to Muslim worshippers

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ISTANBUL: Turkiye on Monday reopened a mosque converted from an ancient Orthodox church in Istanbul for Muslim worship, four years after the president ordered its transformation. The Kariye Mosque was formerly a Byzantine church, then a mosque and then a museum. President Recep Tayyip Erdogan, in 2020, ordered the building to be reconverted into a Muslim place of worship.

Russia-Ukraine War: Key Events Day 803 | TOME

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As the war enters its 803rd day, these are the main developments.

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Boeing delays Starliner capsule launch due to valve issue

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Cancellation of inaugural crewed space mission comes as Boeing is under fire over safety record at its aviation arm.

KFC Malaysia closes outlets amid Gaza boycott

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Franchise operator cites 'challenging economic conditions' amid local reports linking closures to boycotts of Israel.

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