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“Victor Wembanyama’s First Pitch at Yankee Stadium before NBA Draft”

NEW YORK: Victor Wembanyama, the 7-foot-plus French player expected to be taken by San Antonio with the first pick in the NBA draft this week, threw out a wild ceremonial first pitch before the New York Yankees played the Seattle Mariners on Tuesday night. He wore a pinstriped jersey with “New York” across the chest rather than the traditional interlocking “NY,” and he had Joe DiMaggio’s No. 5 on the back. Standing on the rubber, he fired the ball in the dirt, well wide of the plate to the first-base side.

King Abdullah Port and Tabadul Partner to Enhance Logistics Efficiency

RIYADH: Delivery times for goods passing through King Abdullah Port are set to be reduced after the facility signed a strategic partnership with the Saudi Company for Electronic Information Exchange, known as Tabadul, to develop a digital system to boost the Kingdom’s logistics sector. The two entities signed a contract on Tuesday which will see the port’s Smart Gate System merge with Tabadul’s Truck Management System in a move that will increase efficiency.

Saudi sports support Kingdom’s team at Special Olympics Berlin.

On Saturday night, top figures from Saudi sports attended the launch of the Berlin 2023 Special Olympics in a show of support for the Kingdom’s 130-strong delegation. Saudi Arabia’s largest Special Olympics contingent since the 1995 Games in New Haven, Connecticut, is made up of 85 male and female athletes who will take part in 15 sports. Present at the opening ceremony in the German capital was Prince Abdulaziz bin Turki Al-Faisal, the Saudi minister of sports and president of the Union of Arab National Olympic Committees, who attended on behalf of King Salman.

Saudi Arabia’s Cybersecurity Gets Boost from New Cisco Data Center

RIYADH: Digital security in Saudi Arabia is set to be strengthened after global technology firm Cisco announced a new data center for the Kingdom to better protect users, infrastructure and investments. The facility will support the company’s cloud security services in Saudi Arabia, including its new Secure Service Edge solution, Cisco Secure Access. This product automates decisions about how users connect to the internet, Software as a Service products and private applications, a move which the firm claims helps increase productivity.

Lifera by PIF: Boosting Pharma Manufacturing in the Kingdom

RIYADH: Saudi Arabia’s sovereign wealth fund on Sunday launched a commercial-scale contract development and manufacturing organization, Lifera, to help boost the local biopharmaceutical industry. The pharmaceutical investment company aims to focus on manufacturing life-saving and essential pharmaceutical products, including insulins, vaccines, plasma therapeutics, monoclonal antibodies, cell and gene therapies, and innovative small molecules, said an official statement. It seeks to bolster Saudi Arabia’s position as a global pharmaceutical manufacturing destination.

Egyptian Health Tech to Save Saudi Lives After Acquisition

CAIRO: Saudi Arabia’s health care sector has gained a new entrant from Egypt aimed at addressing the challenges posed by delayed medical reports and improving patient outcomes.  Founded in 2017, Rology has secured its position in the Saudi market after sealing the acquisition of its counterpart Arkan United.  In an interview with Arab News, Amr Abodriaa, CEO and co-founder of Rology, expressed the significance of this move in establishing a leading position in the Saudi market. 

SAMA reports 5.59% increase in Saudi Arabia’s M3 money supply to $700bn

RIYADH: Saudi Arabia’s M3 money supply has surged 5.59 percent to SR2.63 billion ($700 billion) in the week ending June 8, up from SR2.5 billion on Dec. 31, according to data released by the Saudi Central Bank, also known as SAMA. The M3 money supply — the broadest measure of liquidity in the monetary system — went up 0.83 percent to $2.61 billion in the week ending June 8 compared to the preceding week.  The SAMA data also revealed that the money supply in Saudi Arabia has been stable at SR2.6 billion in the past seven weeks.

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