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Saudi cement companies in central region may reduce prices due to strong competition.

RIYADH: A price war between cement producers is likely to break out in Saudi Arabia’s central region on the back of the giga-projects boom, according to a recent report from AlJazira Capital. Since the majority of the huge ongoing developments in the Kingdom are located in its center, companies from across the country have ventured into the region, causing competition to soar.   The report added that the central area is also logistically more feasible and accessible for the majority of the firms in the Kingdom, further attracting external players. 
Business

VMS, Saudi Venture Studio, Acquires Stakes in Egypt’s Cash Cows

RIYADH: The startup ecosystem in the Middle East and North Africa region is poised to get a boost as Saudi Arabia-based venture studio VMS has acquired minority stakes in Egyptian startup accelerator Cash Cows.   The purchase of stakes is part of a strategic partnership agreement aimed at supporting the entrepreneurial ecosystem in both countries and in the wider MENA region, according to a press release.  
sport

Baseball United CEO Shaikh: Abu Dhabi and Dubai Franchises Elevate Us to New Heights

For Kash Shaikh, November cannot come quickly enough. The Chairman and CEO of Baseball United, the first professional league dedicated to baseball in the Middle East and Asia, last week signed partnership with the Emirates Cricket Board ahead of the organization’s competitive launch in five months’ time. Things are steadily falling into place for the Dubai-based league. Baseball United’s first showcase will involve four franchises facing off in four games, before an eight-team league follows a year later.
Business

PIF’s Lifera partners with CENTOGENE for global omics diagnostics.

RIYADH: Patients in the Gulf Cooperation Council region could get faster and more accurate diagnoses after the Public Investment Fund-owned Lifera announced a joint venture with CENTOGENE.  The biopharmaceutical company will be working with the German-based firm to provide multiomic testing services — a concept in biological research that aims to comprehensively characterize and quantify large numbers of molecules in complex samples.
sport

Saudi Esports Federation partners with Razer for Gamers8 event.

RIYADH: The Saudi Esports Federation has announced that lifestyle brand Razer is to be the gaming gear partner at Gamers8: The Land of Heroes, the world’s biggest gaming and esports festival.
Business

Real Estate Fund Deposits $244.1m in Sakani Accounts in June

RIYADH: Saudi Arabia is getting closer to its Vision 2030 home ownership goal, with the Kingdom’s Real Estate Development Fund on Monday depositing SR916 million ($244.1 million) in the accounts of affordable housing beneficiaries.  According to the Saudi Press Agency, Mansour bin Madi, CEO of the fund, said the total amount deposited from June 2017 to June 2023 has now surpassed SR49.3 billion. 
sport

Saudi Arabian Teenagers Eliminated from Asia and World Cups

Saudi Arabia crashed out of the Asian Football Confederation’s U-17 Asia Cup on Monday with a 2-0 quarterfinal loss to Uzbekistan that also ended their chances of appearing at the FIFA U-17 World Cup later this year.
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