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“Saudi Arabia’s Sustainable Agricultural Challenge Aims to Boost Global Crop Yield”

RIYADH: Saudi Arabia has gathered momentum in its commitment to sustainability by identifying and supporting top innovators of climate-smart agriculture solutions.  Called the Smarter Climate Farmers Challenge, the initiative was launched by the Kingdom in partnership with Uplink, the open innovation platform of the World Economic Forum.  Saudi Minister of Economy and Planning Faisal Al-Ibrahim announced the challenge during the WEF’s 14th annual meeting of the New Champions in Tianjin, China. 
Business

Macron finalizes $100bn climate finance accord with leaders in France

PARIS: Wealthy nations finalized an overdue climate finance pledge to developing countries worth $100 billion on Friday and created a fund for biodiversity and the protection of forests, France’s president said, according to Reuters. Emmanuel Macron was speaking at a final panel of a summit in Paris where some 40 leaders, including two dozen from Africa, China’s prime minister and Brazil’s president had gathered to give impetus to a new global finance agenda.
Business

Saudi Arabia’s Food Industry Attracts $61.8 Million in Investments

RIYADH: Chocolate, yogurt and fish production in Saudi Arabia will increase after investment deals worth SR232 million ($61.8 million) were signed by the Saudi Authority for Industrial Cities and Technology Zones. The organization, also known as MODON, has awarded seven contracts covering 99,400 sq. meters which will primarily benefit the Kingdom’s food and beverage sector.
Business

Latvia prioritizes Saudi Arabia as a key market, confirms minister for economics

RIYADH: Latvia is eager to strengthen trade ties with Saudi Arabia, allowing Latvian companies to contribute to the Kingdom’s Vision 2030 social reform and economic diversification agenda, Ilze Indriksone, Latvia’s minister for economics, has told Arab News. Speaking after the conclusion of the Saudi-Latvian Business Forum in Riyadh earlier this month, Indriksone emphasized the need to expand economic cooperation, boost bilateral trade, and increase investment in research, development and technology. 
Business

Saudi Arabia’s voluntary cuts boost oil prices.

RIYADH: Oil prices rose on Thursday as tighter supply resulting from Saudi Arabia’s pledged production cut and a potential pause to US interest rate hikes offset worries over demand weakness and a global economic slowdown. At a recent meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, Saudi Arabia said it will cut its crude output by 1 million barrels per day in July on top of a broader deal to limit supply into 2024 as the producer group seeks to boost flagging prices.
sport

“Privatization Considered by Elite Saudi Football Clubs Amid Winds of Change”

RIYADH: A revolution is taking place in Saudi football, on and off the pitch. As some of the world’s best players increasingly look to the possibility of playing in the Roshn Saudi League, the prospect of privatization — and the benefits it could bring — is in the air at the Kingdom’s elite clubs. On Sunday, it was reported that Karim Benzema, who received the Ballon d’Or last October, had agreed to sign for Al-Ittihad, just days after the Jeddah giants celebrated clinching a first league title since 2009.
sport

WBC Celebrates 60th Anniversary with Emphasis on Boxing Diversity

The boxing world is celebrating as the World Boxing Council (WBC) proudly enjoys its Diamond Anniversary; 60 years of promoting the “sweet science” of boxing, shaping the sport’s landscape and awarding its champions with its famous green and gold belts. Since its inception in 1963, the WBC has been an instrumental force in boxing, fostering sporting excellence, advocating for fighters’ rights and inspiring millions of fans worldwide.
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