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Qatar’s Q1 budget surplus exceeds expectations at $5.4bn

RIYADH: Qatar registered more than two-thirds of its expected 2023 budget surplus in the first three months of the year thanks to a large inflow of oil and gas revenues, the country’s Finance Ministry has revealed. According to Qatar’s state news agency, the country’s trade balance was 19.7 billion Qatari riyals ($5.4 billion) in the black for the first quarter of the year, the equivalent of 68 percent of its anticipated budget surplus for 2023.

Benzema uncertain about Real Madrid future: “Currently in Madrid”

MADRID: Real Madrid’s Karim Benzema was reluctant to talk about his future on Thursday, fueling speculation he could move to Saudi Arabia in the close season following 14 trophy-laden years. After the 35-year-old striker was awarded the Marca Legend prize at a ceremony organized by the Spanish sports publication, the Frenchman was asked if he was staying at Real Madrid. “Saturday I have a game (against Athletic Bilbao), tomorrow I have a training session ... so at the moment I’m in Madrid,” Benzema said.

Qatar’s April Trade Surplus Reaches $6 Billion

RIYADH: Qatar recorded a trade surplus of 22 billion Qatari riyals ($6 billion) in April 2023, according to a report released by the country’s Planning and Statistics Authority.   The data reflects a 3.5 percent increase over March while a 35.6 percent decline on an annual basis.   The value of merchandise imports during April 2023 also fell 6.3 percent from the previous year and 9.3 percent from the last month to reach an estimated 8.7 billion riyals.  

“UK Business Secretary Optimistic about GCC-UK Free Trade Deal Progress”

RIYADH: Recently appointed British Secretary of State for Business and Trade Kemi Badenoch has highlighted the progress being made in Gulf Cooperation Council-UK free trade agreement negotiations. The politician made her comments during a visit to Riyadh on Wednesday as part of a five-day tour of GCC member states. She told Arab News: “We are very excited about the GCC-UK free trade agreement. We think that it could be really groundbreaking and set a precedent for what the GCC does with the rest of the world.”

Sudan Conflict: Army Announces Evacuation of Foreign Nationals

Sudan's army says it will assist with evacuating nationals of UK, US, France and China.

The Role of External Players in Sudan’s War

There are growing fears the violence could lead to a wider conflict.

Sudan rocked by power struggle as Army and rivals clash

Fierce fighting erupts in the capital, Khartoum, and elsewhere, dealing a new blow to hopes for transition to democracy.

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