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Business

Encouragement for US Businesses to Invest More in Iraq

LONDON: American businesses are being encouraged to increase investment in Iraq as the country looks to move on from decades of devastation. Speaking to journalists, including Arab News, on Tuesday following a trip to Iraq, the special representative for commercial and business affairs at the US State Department said he is “very excited” at the opportunities to be part of the rebuilding of the country.
Business

AI and Construction to Dominate Future Jobs in Saudi Arabia, According to PMI Official

RIYADH: Saudi Arabia, a country which has been dependent on its rich oil reserves for several decades, is now on a path of economic diversification. With Vision 2030, Saudi Arabia’s Crown Prince Mohammed bin Salman is proving that the Kingdom could perform well in non-oil private sectors too.   As Saudi Arabia’s private sector expands rapidly, the Kingdom is expected to provide more job opportunities to nationals and foreign talents alike in the coming years. 
sport

Denver Nuggets Parade: Celebrating 1st NBA Championship Win

DENVER: Nikola Jokic rode atop a firetruck with people who mean the world to him — his teammate Jamal Murray, his family — and the NBA trophy. Jokic and the Denver Nuggets soaked in the moment and were soaked, too, by champagne spray Thursday during a downtown parade to celebrate their first NBA title. His young daughter, Ognjena, stole the show as she sat in front of him on the firetruck, at times wearing Jokic’s championship hat. Jokic turned in some big assists, too, shielding her from champagne showers.
Business

Saudi Arabia’s voluntary cuts boost oil prices.

RIYADH: Oil prices rose on Thursday as tighter supply resulting from Saudi Arabia’s pledged production cut and a potential pause to US interest rate hikes offset worries over demand weakness and a global economic slowdown. At a recent meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, Saudi Arabia said it will cut its crude output by 1 million barrels per day in July on top of a broader deal to limit supply into 2024 as the producer group seeks to boost flagging prices.
sport

“Women’s World Cup in Australia and New Zealand: Ticket Sales Exceed 1 Million”

SYDNEY: More than 1 million tickets have been sold for the Women’s World Cup kicking off in Australia and New Zealand next month, with soccer’s international governing body saying the tournament is on track to be the most attended standalone women’s sporting event in history. FIFA President Gianni Infantino issued a statement saying 1,032,884 tickets had been sold up to Friday morning local time in Sydney, surpassing the pre-tournament sales for the 2019 edition in France.
Justice

“DHS Report Links Cop City Protesters to Far-Right Activist Andy Ngo”

The intelligence report described the demonstrations as a “violent far-left occupation” — a phrase copied directly from an article by Ngo a day earlier.

The post DHS Intel Report on Cop City Protesters Cribbed Far-Right Activist Andy Ngo appeared first on The Intercept.

sport

El Salvador stadium stampede: Arrest warrant for 5 people

SAN SALVADOR: El Salvador’s Public Prosecutor’s Office ordered the arrest of five people allegedly responsible for the weekend stampede at the Cuscatlan stadium in the country’s capital that left 12 fans dead during the second leg of the quarter-final playoffs between Alianza FC and Club Deportivo.
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Russian court seizes European banks’ assets amid sanctions

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Freezing hundreds of billions of dollars in lenders' assets was part of dispute over gas project halted by sanctions.

Israel considers ending free trade deal with Turkey

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ANKARA: After Israeli Finance Minister Bezalel Smotrich announced on Thursday that Israel intends to scrap its free trade agreement with Turkiye and impose a 100 percent tariff on other imports from the country in retaliation for Ankara’s recent decision to halt exports to Israel, eyes are now turning to imminent implications for regional trade. The plan, which aims to reduce Israel’s dependence on Turkiye, has not been finalized yet and will have to be submitted to the Cabinet for approval.

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Bamyan shooting kills three Afghans and three Spanish tourists

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