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Usyk’s Signing May Lead to Fury Fight in Kingdom, Says Skill Challenge Entertainment’s Boxing Director

Amer Abdallah, director of boxing of Prince Khalid bin Abdulaziz’s Skill Challenge Entertainment, talks to Arab News about the landmark signing of Oleksandr Usyk — and other additions — to the organization, potential world title fights in Saudi Arabia and the Kingdom’s successful ventures into a diverse range of sports globally. Oleksandr Usyk has signed to Skill Challenge Entertainment’s growing stable of local and international fighters. What made this good fit for you?
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Saudi Arabia’s NDMC Concludes $667m Sukuk Issuance in June

RIYADH: Saudi Arabia’s National Debt Management Center announced the closure of the riyal-denominated sukuk program issuance for June with the total bid amount received at SR2.5 billion ($667 million).    The total amount allocated was SR7.43 billion with the sukuk issuance divided into tranches — the first has a size of SR622 million maturing in 2030. The second tranche was valued at SR1.84 billion million maturing in 2035, the NDMC said in a statement   Also called an Islamic bond, sukuk is a debt product issued according to Shariah or Islamic laws.    
sport

Arab Futsal Championship Semi-Finals: Libya vs Morocco, Kuwait vs Algeria

JEDDAH: Libya, Morocco, Kuwait and Algeria are through to the semi-finals of the 2023 Arab Futsal Cup after an exciting day of competition in Saudi Arabia. In first of the quarter-finals, all of which were played on Tuesday at the Ministry of Sports Hall in Jeddah, Libya defeated Lebanon 5-2. Libya’s goals were scored by Mohammed Saeed, who grabbed two, Ziad Aziz, Izz Al-Din Al-Marimi and Ahmed Al-Agnaf. Lebanon’s consolations came from Issa Mahrez and Majd Hamoush. Libya’s Suhaib Al-Ghoul was named player of the match. 
sport

“SAFF and CIES launch online football research platform”

RIYADH: The Saudi Arabian Football Federation has announced a partnership with the CIES Football Observatory to launch a SAFF-based online research platform for the men’s professional game. The collaboration agreement will allow CIES Football Observatory to create and develop a platform that will include competitions’ data on demographics, and technical and physical performance covering players, clubs, leagues, and national teams.
Business

May sees 19% increase in container volume at Saudi ports

RIYADH: The number of containers handled at Saudi ports surged 18.8 percent during May. The volume of standard containers handled across the Kingdom reached 709,944 as compared to 597,617 in the same month in the previous year, the Saudi Ports Authority said in a statement on Tuesday. The authority said outbound containers rose by more than 28 percent to 224,720 in May, from 175,320 in the prior-year period. The number of inbound containers also increased 36 percent to 236,360, compared to 173,820 containers during the same month in the previous year.
Business

Saudi-US Trade Surges by 39% in 2022: Report

RIYADH: Oil and fertilizer exports helped Saudi Arabia record a 39 percent surge in trade with the US in 2022, demonstrating strengthening ties between the two nations.   According to a report by the US-Saudi Business Council, the total trade value reached SR130 billion ($34.7 billion), fueled by both an uptick in Saudi oil exports and a record-breaking non-oil trade. Notably, non-oil exports from Saudi Arabia to the US in 2022 touched SR10.1 billion, marking a 10 percent increase from the previous year.
Business

Paris Event Showcases Gulf Business: The French Connection

PARIS: A landmark two-day business event showcasing opportunities for commercial partnerships between France and the Gulf states begins in Paris on Tuesday. Vision Golfe is a new platform promoting business cooperation in high-growth potential markets in both private and public sectors, such as trade, sports, culture, energy and the environment. Key economic players, government ministers, small business managers, start-ups and senior executives will have the opportunity to meet and exchange views.
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