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Yin Ruoning of China Wins Women’s PGA Championship

NEW YORK: China’s Yin Ruoning sank a 10-foot birdie putt on the final hole on Sunday to win the Women’s PGA Championship for her first major title. The 20-year-old from Shanghai fired a 4-under 67 to finish 72 holes at Baltusrol on 8-under 276 and defeat Japan’s Yuka Saso by one stroke. Yin took the $1.5 million top prize and became only the second woman from China to win a major title after Feng Shanshan, who captured the 2012 Women’s PGA crown.
Business

“King Abdulaziz Port Achieves Record Container Throughput of 206,415 TEUs”

RIYADH: Saudi Arabia’s quest to ramp up trade volumes has seen one of its major ports registering an unprecedented growth in cargo volume. The King Abdulaziz Port set a new container throughput record of handling 206,145 twenty-foot equivalent units in May 2023, according to data released by the Saudi Ports Authority, also known as Mawani. The Dammam port surpassed its previous record of 199,609 TEUs in August 2022.
Business

“April imports to Saudi Arabia decrease by 16.1% to $15.4bn”

RIYADH: Saudi Arabia’s merchandise imports decreased 16.1 percent to SR57.9 billion ($15.4 billion) in April 2023 compared to SR69 billion in March 2023, according to the latest data released by the General Authority for Statistics.  However, the Kingdom’s merchandise imports increased by 1 percent in April 2023 compared to SR57.3 million in April 2022. According to the report, overall merchandise exports decreased 25.2 percent to SR103 billion in April 2023 compared to SR137.7 billion in the same month last year.
News

Jordanian World Bank Aid Program Algorithm Fails the Poorest

The algorithm used for the cash relief program is broken, a Human Rights Watch report found.

The post Algorithm Used in Jordanian World Bank Aid Program Stiffs the Poorest appeared first on The Intercept.

Business

“World Defense Show Expands with More Participating Nations: CEO Announces”

RIYADH: Saudi Arabia’s World Defense Show is set to get bigger in its second edition with a substantial increase in the number of participating countries, according to a top executive. The General Authority for Military Industries recently announced that the second edition of WDS will be held in Riyadh from Feb. 4-8, 2024. Speaking at the Paris Air Show, WDS CEO Andrew Pearcey revealed that Bahrain, Oman, Denmark and Turkiye had joined the event, adding to its growing popularity.
Business

Egypt seeks to join BRICS, confirms Russian ambassador

RIYADH: In a bid to enhance trade and economic cooperation, Egypt has officially applied to join the five-member BRICS bloc of emerging economies, according to Georgy Borizenko, the Russian ambassador to Cairo.  The BRICS group comprises Brazil, Russia, India, China and South Africa. “Egypt has applied to join the BRICS group because one of the initiatives that BRICS is currently engaged in is the maximum transfer of trade to alternative currencies, whether national or the creation of some kind of joint currency. Egypt is very interested in this,” said Borizenko. 
Business

PIF’s Jada to Boost Saudi Arabia’s Startup Scene

CAIRO: Saudi Arabia’s startup landscape has received a significant push after a subsidiary of the Kingdom’s Public Investment Fund committed to investing in several venture capital vehicles. PIF’s Jada Fund of Funds Co. plans to invest an undisclosed amount in Bahrain-based Investcorp’s $500 million Saudi pre-initial public offering growth fund. The investment vehicle is exclusively focused on supporting a diverse range of companies based in Saudi Arabia during their pre-IPO stage.
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LONDON: The lawyers for a Palestinian legal scholar arrested on April 17 have said her detention was “political” and could set a “precedent” for the treatment of academics and free speech in Israel. Prof. Nadera Shalhoub-Kevorkian, a leading feminist academic with roles at the Hebrew University of Jerusalem and Queen Mary, University of London, was arrested after appearing on a podcast in March in which she discussed her work on state crimes, genocide, violence and surveillance in the context of the war in Gaza.

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