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TASI Market Cap Reaches $2.9tn with Strong Fundamentals: S&P

RIYADH: The market capitalization of the Tadawul All Share Index surged to over $2.9 trillion in June, up from $420 million in 2015, according to a report by S&P Global Ratings.   The firm suggested that the increase indicates solid economic fundamentals and positive investor sentiment in Saudi Arabia. Tadawul and the Capital Market Authority have launched several initiatives to expand the capital market in recent years as the Kingdom seeks to diversify its economy in line with the Vision 2030 initiative. 
News

“India’s Political Prisoners Forgotten as D.C. Honors Narendra Modi”

The Biden administration has ignored India’s rights violations in favor of weapons sales and geopolitical expediency.

The post As D.C. Fêtes Narendra Modi, His Political Prisoners in India Are Forgotten appeared first on The Intercept.

sport

“3 Major Cricket Tournaments Steal the Spotlight”

In the last week, three major international cricket tournaments commenced. The much-anticipated five-Test-match Ashes series between England and Australia opened on June 16 at Edgbaston, Birmingham. In Zimbabwe, the final qualifying stage for the 2023 ODI World Cup started on June 18 and on June 22 the women’s Ashes between England and Australia started at Trent Bridge, Nottingham.
sport

Wembanyama Unaffected by NBA Draft Hype

NEW YORK: Victor Wembanyama dismissed the soaring hype swirling around him on Wednesday as he prepares to become the most sought-after No.1 pick in the NBA draft since LeBron James. The 19-year-old French talent is a lock to be chosen by the San Antonio Spurs in Thursday’s NBA Draft in New York, widely viewed as a once-in-a-generation talent capable of transforming a franchise. The 7ft 4in (2.24m) Wembanyama arrived in the US on Monday to be greeted by autograph hunters and San Antonio fans as excitement builds ahead of the Draft.
sport

Tiafoe’s Grass Winning Streak Halted by Korda at Queen’s Club (Google-friendly)

LONDON: Frances Tiafoe’s winning run on grass was ended by Sebastian Korda in an all-American second-round match at the Queen’s Club Championships on Wednesday. Korda won 7-6 (2), 6-3 to end the fourth-seeded Tiafoe’s bid to follow up his title in Stuttgart last week with another grass-court trophy ahead of Wimbledon. Tiafoe arrived in west London in a career-high spot of No. 10 but was beaten by a compatriot 22 places lower in the rankings, with Korda’s big serve coming to the fore on Center Court.
sport

“IOC Warns Afghanistan of Paris Olympics Status Due to Denial of Women’s Sports”

GENEVA: The Afghanistan team’s status for the 2024 Paris Olympics was put in question Wednesday by the IOC over growing frustration with the Taliban blocking access to sport for women and girls. The International Olympic Committee said it “continues to be extremely concerned” about the sports situation in Afghanistan despite its repeated calls for action.
sport

Allies of Kyiv pledge to hold Russia accountable for invading Ukraine.

LONDON: Western allies on Wednesday promised to make Russia pay for invading Ukraine as governments and private investors met to fund the country’s reconstruction from the ravages of war. The World Bank has put an estimate of $14 billion on Ukraine’s immediate needs to repair the damage caused by the bitter fighting. But a recent study by the World Bank, the UN, the European Union and the Ukrainian government said the wider recovery of the economy would cost $411 billion.
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