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Business

TASI Market Cap Reaches $2.9tn with Strong Fundamentals: S&P

RIYADH: The market capitalization of the Tadawul All Share Index surged to over $2.9 trillion in June, up from $420 million in 2015, according to a report by S&P Global Ratings.   The firm suggested that the increase indicates solid economic fundamentals and positive investor sentiment in Saudi Arabia. Tadawul and the Capital Market Authority have launched several initiatives to expand the capital market in recent years as the Kingdom seeks to diversify its economy in line with the Vision 2030 initiative. 
Business

Thai Companies Eye $36 Million Investment in Saudi Arabia to Strengthen Business Ties

RIYADH: Thai companies are ready to invest a combined $36 million in Saudi Arabia, a senior figure from the Asian country’s business community has revealed as relations between the two nations continue to develop. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, revealed the figure during a meeting of the Saudi-Thai Business Forum in Riyadh, according to the Saudi Press Agency.
sport

Guardiola: Man City ready to forget 2021 Champions League final

ISTANBUL: Pep Guardiola insisted Friday his Manchester City side are primed to put their defeat in the 2021 Champions League final behind them for good as they seek to win the trophy when they take on Inter Milan in Istanbul on Saturday. City were beaten 1-0 by Chelsea in Porto in the club’s only previous appearance to date in the final of Europe’s elite club competition. Guardiola came in for criticism then for tinkering with what had been a winning team, as he surprisingly omitted captain Fernandinho and Rodrigo from the base of his midfield.
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.
Business

Russia seeks trade show opportunities in Riyadh

RIYADH: Saudi Arabia and Russia’s bilateral economic ties are set to get a new boost as the Kingdom is hosting the Made in Russia +Innoprom business mission in Riyadh on May 29 and 30.  In an interview with Arab News, Anton Atrashkin, program director of the Innoprom International Trade Show, said that more than 100 Russian companies would be a part of the event to be held in Riyadh.  The delegation will be led by Russia’s Deputy Minister of Industry and Trade Alexei Gruzdev. 
Opinions

Boosting African Childhood Immunisation Coverage is Vital

African leaders must not allow children to miss out on life-saving vaccinations.
News

‘UK Slower but Still Saved Us from Sudan’

"It was bad, it was very bad" - say relieved Britons as they board rescue flights to safety.
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UN condemns Iran crackdown on women without veils

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GENEVA: The United Nations said Friday that it was concerned by reports of new efforts to track and punish Iranian women, some as young as 15, who refuse to wear the headscarf required under the country’s Islamic law. The UN Human Rights Office also expressed alarm about a draft bill on “Supporting the Family by Promoting the Culture of Chastity and Hijab,” which would impose tougher sentences on women appearing in public without the hijab.

US Campus Protests Against Israel’s Gaza War Going Global

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From France to Australia, students are part of pro-Palestine protests as Columbia students continue encampments.

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Hamas Official: Israel Won’t Achieve Goals in Rafah

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GAZA STRIP, Palestinian Territories: A senior Hamas official told AFP on Thursday that Israel would fail to meet its stated goals of defeating the Palestinian militant group and freeing hostages by invading the southern Gaza city Rafah. “Even if (Israel) enters and invades Rafah, it will not achieve what it wants,” Ghazi Hamad said in an interview over the phone from Qatar, where a number of senior figures from Hamas’s political bureau are based.

US Campus Protests Against Israel’s Gaza War Going Global

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From France to Australia, students are part of pro-Palestine protests as Columbia students continue encampments.

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Elon Musk’s Feud Over Free Speech with Australia and Brazil | TOME

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X owner is fighting governments over their attempts to curtail online content deemed to be harmful.

Microsoft and Google Report Double-Digit Profit Growth, Boosting AI Case

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Tech giants' shares surge after stronger-than-expected earnings.

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