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Saudi’s Abdullah Al-Qahtani Wins American Debut in PFL

Saudi Arabia’s Abdullah Al-Qahtani on Friday night claimed victory at his Professional Fighters League debut, which took place at the Overtime Elite Arena in Atlanta. Fighting in the featherweight division, “The Reaper” wasted no time in defeating his opponent, American Lamar Brown, via a face-crank submission in just 95 seconds.  

Egypt’s Central Bank Maintains Stable Interest Rates

CAIRO: The Central Bank of Egypt (CBE) kept its key overnight interest rates unchanged on Thursday, saying commodity prices appear to be falling and economic growth is likely to recover in the fiscal year that begins next week. As expected, the bank’s Monetary Policy Committee (MPC) left the lending rate steady at 19.25 percent and the deposit rate at 18.25 percent. Not one of 17 analysts polled by Reuters on Monday had forecast a change.

Spurs draft Wembanyama and seek French phenom to end playoff drought

SAN ANTONIO: The world will be watching Victor Wembanyama, including San Antonio Spurs coach Gregg Popovich. The Spurs selected the French phenom with the top pick in Thursday night’s NBA draft that was held in New York. There was little to no doubt San Antonio would select Wembanyama, who is listed at 7-foot-4 but says he is 7-3. An emotional Wembanyama said hearing NBA Commissioner Adam Silver call his name brought him to tears, saying he has been waiting for the moment. “I’ve dreamed of this ... I got to cry.”

“Victor Wembanyama’s First Pitch at Yankee Stadium before NBA Draft”

NEW YORK: Victor Wembanyama, the 7-foot-plus French player expected to be taken by San Antonio with the first pick in the NBA draft this week, threw out a wild ceremonial first pitch before the New York Yankees played the Seattle Mariners on Tuesday night. He wore a pinstriped jersey with “New York” across the chest rather than the traditional interlocking “NY,” and he had Joe DiMaggio’s No. 5 on the back. Standing on the rubber, he fired the ball in the dirt, well wide of the plate to the first-base side.

Islamic Banks in UAE See $177bn Asset Growth in Q1

RIYADH: Reflecting the growing popularity of Islamic financing, gross assets of the Shariah-compliant banks operating in the UAE grew to 650 billion dirhams ($177 billion) by the end of the first quarter of 2023, a year-over-year increase of 7.31 percent compared to 605.7 billion dirhams in the same period last year, according to figures by the Central Bank of the UAE.  

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.

FAO predicts global food import bill to reach $1.98tn by 2023

RIYADH: The global food import bill is forecast to reach a record high of $1.98 trillion in 2023, up 1.5 percent from 2022, due to a combination of factors including an increase in international prices and higher volumes, the latest UN report showed.    The Food and Agriculture Organization of the UN in its biannual report stated that the anticipated increase in the 2023 bills will happen due to an additional $18.4 billion stemming from higher international prices and $12.9 billion from higher volumes. 

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