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Saudi fintech firm raises $3.2m in seed funding

RIYADH: EdfaPay, a Saudi-based fintech startup that helps companies use their smartphones for payment, has raised $3.2 million in a seed funding round. The funding round was led by Sanabil 500 MENA, Nufud Wealth International, Atmiid Investment, Basmah Commercial Investment, and a group of local and international angel investors. EdfaPay aims to utilize the capital to strengthen its operations in the Kingdom and expand to Pakistan and South American countries.
sport

Gamers Without Borders raises $10 million for charity

RIYADH: Gamers Without Borders, the world’s largest charitable esports event, has concluded this year’s edition by raising a total of $10 million for its humanitarian aid partners. The money will go to Direct Relief, International Medical Corps, UNICEF, King Salman Humanitarian Aid and Relief Center, the UN’s World Food Programme and the UNHCR. The donations were made by teams, players and gamers worldwide. The funds will be used for urgent humanitarian projects and add to the work achieved through the $30 million in donations from the GWB’s three previous editions.
Business

Saudi Arabia’s NDMC Raises $6 Billion from Islamic Bond Sale

RIYADH: Saudi Arabia’s National Debt Management Center has raised $6 billion from the sale of Islamic bonds, or sukuk, under its Global Trust Certificate Issuance Program. A statement issued on Tuesday said the Kingdom sold a $3 billion six-year tranche at 80 basis points over US Treasuries and another $3 billion in 10-year notes at 100 bps over UST.  Order books for the deal hit over $27 billion, it added. The bid-to-cover ratio reflects the strong demand for the Kingdom’s issuances, confirming the international investors’ confidence in the Saudi economy.
News

AI Hoax: Man’s “Death” After Jimin Surgery Points to BTS

Media outlets around the world reported an actor died after surgery to look like K-pop star despite numerous red flags.
News

11-year-old Murhaf raises $230K selling flower pins in Sweden.

Sales skyrocket after viral post about boy, and a racist backlash only brings in more money as people rally behind him.
News

Russia bombs own city near Ukraine by mistake

At least three people were injured as a jet fired a weapon into the city of Belgorod, according to Russian state media.
News

Medical Chiefs Urge Third Party to Facilitate Talks on Junior Doctors’ Strike

Academy of Medical Royal Colleges raises concerns over future impact on patients and NHS in England.
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3 Syrians Missing in Cargo Ship Sinking off Romania

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BUCHAREST: Romanian rescue teams on Saturday were scouring the Black Sea for three Syrian sailors who went missing when their cargo ship sank off the coast, the naval authority said. The Mohammed Z sank with 11 crew on board, 26 nautical miles off the Romanian town of Sfantu Gheorghe in the Danube delta in the Black Sea on Saturday morning, officials said in a statement. The ship sailing under the Tanzanian flag was carrying nine Syrian and two Egyptian nationals, it said.

UN: 800K Flee Rafah as Israel Kills Dozens in Gaza

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Israel says it recovered remains of one captive while Hamas claims several attacks against Israeli troops across Gaza.

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Usyk beats Fury to become undisputed heavyweight champ

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Ukraine's Usyk beat UK's Fury by a split decision to become the first unifying title fighter since 1999.

3 Syrians Missing in Cargo Ship Sinking off Romania

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BUCHAREST: Romanian rescue teams on Saturday were scouring the Black Sea for three Syrian sailors who went missing when their cargo ship sank off the coast, the naval authority said. The Mohammed Z sank with 11 crew on board, 26 nautical miles off the Romanian town of Sfantu Gheorghe in the Danube delta in the Black Sea on Saturday morning, officials said in a statement. The ship sailing under the Tanzanian flag was carrying nine Syrian and two Egyptian nationals, it said.

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Cambodia launches $36.6bn building drive, China and Japan vie for spoils

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Cambodian Prime Minister Hun Manet has unveiled a 174-project master plan that has attracted bids by rival powers.

Olympic Athletes’ Financial Hurdles | TOME

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Full-time training, travel to compete, medical and most other costs for these athletes are out of pocket.

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