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Vingegaard Excited as Tour de France Approaches

BILBAO, SPAIN: Cycling’s Tour de France, with its caravan of teams, media, publicity and security, was visible everywhere around Bilbao on Thursday, as champion Jonas Vingegaard prepared to start the defense of his title. The 22 teams received a loud reception on their parade in downtown Bilbao. Starting in front of the landmark Guggenheim Museum with the tension tangible as riders warmed up beneath low hanging black clouds with the peculiar hills straddling the horizon. “I feel good, I feel ready, I’m where I want to be,” said Jumbo-Visma rider Vingegaard.
Business

UAE’s ADNOC Distribution Signs Deal with India’s HPCL

RIYADH: In a bid to expand its lubricant and allied products business in India, UAE’s ADNOC Distribution has inked a deal with Hindustan Petroleum Corp. Ltd.   HPCL is one of the largest lubricant marketers and fuel retailing companies in India, and with this deal ADNOC Distribution aims to tap into Asia’s second-largest economy, which has an annual demand of 3 billion liters of lubricants.   The deal will also give ADNOC access to a vast network of over 28,000 retail stations in the country, news agency WAM reported.  
sport

“Nikola Vucevic signs 3-year, $60M extension with Chicago Bulls”

CHICAGO: The Chicago Bulls and center Nikola Vucevic agreed Wednesday to a $60 million, three-year extension, keeping the two-time All-Star off the free agent market. The move was hardly a surprise considering executive vice president of basketball operations Arturas Karnisovas and Vucevic had expressed a desire to get a deal done. The consistently productive 6-foot-10 center averaged 17.6 points and 11 rebounds — both identical to his averages a season earlier — while playing in all 82 games for the first time in his career.
sport

Ukrainian high jumper Mahuchikh advocates excluding Russians from Paris Olympics 2024

LAUSANNE, Switzerland: Ukrainian high jumper Yaroslava Mahuchikh has said since the start of the war that all Russian and Belarusian athletes should be excluded from international events, including the 2024 Paris Olympics. Speaking on Wednesday a short distance from International Olympic Committee headquarters, Mahuchikh did not understand why opinions changed there after it had been pro-exclusion last year.
Business

Saudi EXIM Bank and NBB collaborate to enhance exports

RIYADH: Bilateral trade between Saudi Arabia and Bahrain is set to receive a further boost after banks from both sides entered into an agreement to offer competitive financing to firms involved in the import and export of goods.  According to a memorandum of understanding signed between the National Bank of Bahrain and the Saudi Export-Import Bank, also known as Saudi EXIM Bank, NBB will offer competitive financing rates to Bahraini companies importing goods from Saudi Arabia.  
sport

SAFF introduces innovative funding program for women’s football empowerment.

The Saudi Arabian Football Federation (SAFF) on Monday announced a funding initiative and support system for women’s football clubs.   This initiative is designed to “further enhance the rapidly growing women’s football leagues and the wider sport in Saudi Arabia, ensuring its sustainability and development for years to come,” a press release read.    SAFF’s funding program will provide vital financial assistance to the Saudi Premier League and Women's First Division clubs.  
Business

“Food Show in Riyadh: Saudi Arabia and Oman Sign Multiple MoUs”

RIYADH: Reflecting the strengthening of economic and investment ties between Riyadh and Muscat, Omani companies signed multiple contracts and memoranda of understanding at the Saudi Food Show held last week.   Oman, represented by the Public Establishment for Industrial Estates, or Madayn, had fruitful bilateral discussions with key company executives, investors, commercial agents and suppliers from Saudi Arabia at the event held in Riyadh. 
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