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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.
Business

Riyadh Air orders 90 GEnx engines for Boeing 787 Dreamliner fleet

PARIS: Riyadh Air has finalized a deal for 90 GEnx-1B engines to propel its upcoming fleet, it was announced on Wednesday. The agreement also includes spare engines and a TrueChoice services package. The deal follows the Saudi airline’s recent wide-body order for 39 Boeing 787-9 Dreamliner aircraft. The signing ceremony took place at the Riyadh Air chalet during the Paris Air Show, where the airline introduced its new livery to the world.
sport

Allies of Kyiv pledge to hold Russia accountable for invading Ukraine.

LONDON: Western allies on Wednesday promised to make Russia pay for invading Ukraine as governments and private investors met to fund the country’s reconstruction from the ravages of war. The World Bank has put an estimate of $14 billion on Ukraine’s immediate needs to repair the damage caused by the bitter fighting. But a recent study by the World Bank, the UN, the European Union and the Ukrainian government said the wider recovery of the economy would cost $411 billion.
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.
sport

Abu Dhabi Developer Teams Up with Kelly Slater Wave Company

ABU DHABI: Abu Dhabi developer Modon Properties has partnered with Kelly Slater Wave Company — world experts in wave technology — to create Surf Abu Dhabi, the most advanced facility of its kind in the world. Featuring the world’s longest ride and the biggest barrel, as well as its largest artificial wave facility, Surf Abu Dhabi is designed to cater for everyone, from beginners to elite surfers.
Business

flynas signs $3.7bn deal with Airbus for 30 planes

RIYADH: Saudi Arabia’s budget airline flynas has signed a $3.73 billion agreement with Airbus to buy 30 aircraft, Saudi state TV reported on Monday. The deal was signed at the Paris Air Show by Bandar Al-Mohanna, flynas CEO and managing director, and Christian Scherer, Airbus chief commercial officer and head of international, in the presence of Saudi Minister of Transport and Logistics Saleh Al-Jasser, Abdulaziz Al-Duailej, president of General Authority of Civil Aviation, and Ayed Aljeaid, chairman of the board of NAS Holding.
sport

Saudi sports support Kingdom’s team at Special Olympics Berlin.

On Saturday night, top figures from Saudi sports attended the launch of the Berlin 2023 Special Olympics in a show of support for the Kingdom’s 130-strong delegation. Saudi Arabia’s largest Special Olympics contingent since the 1995 Games in New Haven, Connecticut, is made up of 85 male and female athletes who will take part in 15 sports. Present at the opening ceremony in the German capital was Prince Abdulaziz bin Turki Al-Faisal, the Saudi minister of sports and president of the Union of Arab National Olympic Committees, who attended on behalf of King Salman.
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Hamas Key to Gaza Ceasefire: Blinken | TOME

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WASHINGTON: US Secretary of State Antony Blinken said Hamas was the only holdup to a Gaza ceasefire as the militants prepared to send a delegation back to Cairo on Saturday for talks.“We wait to see whether, in effect, they can take yes for an answer on the ceasefire and release of hostages,” Blinken said late Friday.“The reality in this moment is the only thing standing between the people of Gaza and a ceasefire is Hamas.”

Saving Iraq’s Waterways: The Battle for the Marshes

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Jassim Al-Asadi has spent much of his life fighting for the survival of the Iraqi Marshes, but the battle is difficult.

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€1bn EU ‘bribe’ for Syrian refugees angers Lebanon

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BEIRUT: Lebanon’s Prime Minister Najib Mikati on Friday vowed to step up deportations as part of a crackdown on illegal residents in the country. “This matter is not up for debate, and orders have been given to the relevant authorities to implement what is necessary,” he said. Mikati’s comments came after the EU on Thursday announced a €1 billion ($1.07 billion) aid package for Lebanon, mostly to boost border control in a bid to curb refugee flows across the Mediterranean Sea to Cyprus and Italy. Lebanon hosts more than 1.5 million Syrian refugees.

India’s Manipuris Unable to Return Home After Fleeing Violence

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In cities across India, internal refugees struggle to rebuild lives as death and devastation still haunt.

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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.

New Generation of Organized Labor Rises in US

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US experiencing the biggest strike wave in 50 years.

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