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Business

Bank of China to launch in Riyadh in 2021, confirms official

RIYADH: In yet another sign of increasing cooperation between the world’s second-largest economy and the Arab world, the Bank of China is set to open its first branch in Riyadh later in 2023, reported Asharq. It quoted Jun Tian, head of the team for the launch, as saying that the bank’s branch in the Saudi capital is expected to begin operations by the end of October or at the beginning of November.
Business

Paris Event Showcases Gulf Business: The French Connection

PARIS: A landmark two-day business event showcasing opportunities for commercial partnerships between France and the Gulf states begins in Paris on Tuesday. Vision Golfe is a new platform promoting business cooperation in high-growth potential markets in both private and public sectors, such as trade, sports, culture, energy and the environment. Key economic players, government ministers, small business managers, start-ups and senior executives will have the opportunity to meet and exchange views.
sport

“Nick Taylor: First Canadian Champion Since 1954 Wins Canadian Open in Playoff”

TORONTO: Nick Taylor became the first Canadian in 69 years to win his national open, holing a 72-foot eagle putt on the fourth playoff hole to beat Tommy Fleetwood in the RBC Canadian Open on Sunday. Taylor tossed his putter into the air and jumped into the arms of his caddie after the longest made putt of his PGA Tour career, and fellow Canadian players Mike Weir, Corey Conners and Adam Hadwin were among those who ran out to the green to congratulate him.
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.
sport

Saudi Arabia U-23s Ready for Toulon Tournament Opener

RIYADH: Saudi Arabia’s U-23 football team on Saturday and Sunday held the final sessions of their training camp ahead of their opening match in the Maurice Revello Tournament, which runs from June 5 to 18.  The Toulon tournament, as it is also known, forms part of their preparation program for qualifiers for the 2024 AFC U-23 Cup later this year. The Green Falcons conducted their training session under the supervision of head coach Saad Al-Shehri and technical staff, during which they went through physical drills, followed by work on the tactical aspects of play.
sport

“Tunisia Wins 3-0 Against Iraq in FIFA U-20 World Cup”

Tunisia defeated Iraq 3-0 in the all-Arab clash at the 2023 FIFA U-20 World Cup on Thursday to keep their second round hopes very much alive and leave the losers stunned and looking at early elimination. Despite the scoreline, Iraq dominated much of the game against the clinical North Africans but two goals in two minutes early in the second half turned the game at La Plata in Argentina on its head.
Business

Saudi-Iraq to Create Economic Zone to Increase Trade

JEDDAH: Saudi Arabia and Iraq on Thursday signed a raft of agreements to boost economic cooperation and develop a special economic zone. The deals were signed during the fifth session of the Saudi-Iraqi Coordination Council in Jeddah. The two sides agreed to identify economic opportunities to boost bilateral trade and investments in various sectors. Following the session, Saudi Commerce Minister Dr. Majid Al-Qasabi said the meeting was an affirmation of the brotherly relations between the two countries and aimed to strengthen the strategic partnership.
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