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ACWA Power gets $100m credit from Chinese bank to expand operations

RIYADH: In an effort to boost its operations, Saudi energy firm ACWA Power secured $100 million in a revolving credit facility from China Construction Bank. Engaged in collaboration with the Chinese bank since 2016, ACWA Power signed the three-year revolver agreement to scale up its power generation and water desalination portfolio in the Middle East, Uzbekistan and Kazakhstan.
sport

Messi fever peaks before Beijing friendly game

BEIJING: Messi mania gripped Beijing ahead of a sellout friendly on Thursday evening between world champions Argentina and Australia in the Chinese capital. All eyes were on Lionel Messi, arguably the greatest footballer of all time and who lifted the World Cup for Argentina in December. Hundreds of Chinese fans waving Argentinian flags and wearing Messi jerseys have massed outside the team’s luxury hotel ever since their idol touched down on Saturday.
sport

FIFA signs TV deal for Women’s World Cup in Germany – sources

BERLIN: FIFA has reportedly secured a deal with German broadcasters to televise the 2023 Women’s World Cup, avoiding the threat of a controversial blackout in the country. German media reported on Wednesday the tournament will be broadcast on public networks ZDF and ARD. According to information seen by AFP subsidiary SID, an agreement between FIFA, the networks and the European Broadcasting Union will soon be announced.
sport

Manchester City clinches first Champions League title by defeating Inter Milan

ISTANBUL: Manchester City won the first Champions League in their history on Saturday and secured a treble of trophies by beating Inter Milan 1-0. In a far closer match than many pundits had predicted, Rodri’s sweetly-struck goal proved the difference for Abu Dhabi-backed City, who have already won the Premier League and FA Cup this season. Rodri sidefooted in on 68 minutes after Bernardo Silva pulled back a cross that fell perfectly for the unmarked Spaniard at the Ataturk Olympic Stadium.
Business

NEOM secures $5.6bn for 1st phase of workforce residential communities development

RIYADH: Developmental work is fast gaining pace at Saudi Arabia’s futuristic city NEOM as the giga-project finalized contracts worth SR21 billion ($5.6 billion) to build the first phase of residential communities for the workforce. In one of the world’s largest public-private partnership deals for social infrastructure, NEOM signed up some of the leading Saudi developers to build 10 communities across the smart city that will accommodate an additional 95,000 occupants upon completion of the first phase. 
Business

KAPSARC Secures Important UN Environment Program Position

RIYADH: Saudi Arabia will soon become an active partner in global ecological governance after the UN granted the King Abdullah Petroleum Studies and Research Center a key role in its environmental activities.  According to a KAPSARC press note, the think tank will now be able participate in global energy, climate and environment dialogues, as well as adopt an observer status, after being handed a place in the UN Environment Program.
sport

Barcelona’s Stunning Comeback Against Wolfsburg Secures Women’s Champions League Win

EINDHOVEN, Netherlands: Midfielder Patricia Guijarro ignited a stunning second-half comeback as Barcelona overturned a 2-0 deficit to beat Wolfsburg 3-2 and win their second Women’s Champions League title on Saturday. “We didn’t make it easy for ourselves,” Barcelona and England defender Lucy Bronze said in a pitchside interview after securing her fourth Champions League crown. She won it three years in a row with Lyon.
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